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TD Ameritrade To ELIMINATE ST FRIP program
Any ST investors should call their brokers and voice their concern. I also called TD Ameritrade to let them know they will lose my business if they do away with this program.
Plenty of other brokers begging for my cash.
I was told they are taking note of all calls regarding this, both companies. Do your part if you enjoy your FRIP program, which is the best in the industry.
In my opinion it could be either of those, but not likely. I think you need to totally disconnect this company/stock from anything logical or fundamental when it comes to its trading.
No material events in a negative light have been represented recently, but rather one positive press release regarding the company paying cash to close out those notes which were draining funds slowly with interest every quarter that they were not paid off.
I for one am glad they are now paid in full and is one less thing the company has as a obligation to deal with. As far as the recent price movement is concerned like i said its nothing based on news or rational. Someone or some groups of people with not even that sizable margin accounts can short//purchase/manipulate a stock like this one easily due to the low volume and share price.
It does not take a lot for them to move it in one direction or another on such small volume. Sentiment also plays a role in those peoples strategy. Funny how some certain names keep beating the same drum beat day in day out while others only show up to post something outlandishly negative based on no facts when its moving in said direction.
To sum up I do not concern myself with the daily movements of pennys in one direction or another. Material events and facts are what really matters going forward. everything else you hear is just noise and static trying to goad a reaction out of you or to stress some holders out of their positions. I dont let the ramblings of someone with alterior motives effect me or the facts on the ground.
My position could be underwater upwards of 75% and i still would not budge a inch because i know its just trading based on no material information and low volume movements which can easily be controlled daily.
I feel secure actually that so many people are so interested in some no name company with no business to speak of, limited volume, and share price. with all the easier targets and other places to be they still spend so much time here? why is that you have to ask yourself. Once you answer that question ask why the major hedge funds and investment grade funds are not budging either. they usually know of material events before the common man does, but yet they watch the daily low volume movement and just sit on said positions. might it be because they know what they have and have the patience to realize a longer term gain on a longer term investment? I personally think so.
I think its very telling when the same group of people are trying to shift sentiment to the negative spectrum based on what? peoples lack of patience? low volume to the downside? Just remember material events are what will determine the earnings potential going forwards as well as future valuations. Nothing negative nor positive has happened materially so it does not reflect reality. When a material event like a M&A Only then will the share price start to reflect its true value or at least start to move in a logical direction and not what has been going on during the long period of radio silence to the public from the company by which any individual or group with deeper pockets coupled with low volume and a loud bullhorn can try to shift sentiment to their favor to grind out money from those people without the patience or realization of whats going on.
This is all just in my opinion of course. Hence why i rarely post these days as nothing has materially happened and I like many others are waiting for the company to deploy its financial assets to drive earnings forwards for its shareholders.
Have a nice weekend everyone. back to lurking.
AZ: Then why have WMIH's SEC filings continuously referred to the existence of the $6 billion in NOLS? Are you suggesting that the officers, directors, accountants and lawyers for WMIH are lying? That is the only possible way to square the filings with your posts.
I think this particularly obvious errant conclusion of yours will ultimately cause many on this board to finally question the validity of your other conclusions.
He's wrong about the NOLs. There is no doubt about that whatsoever.
~ JusticeWillWin, Well, I Just Believe J. Carreon To Be Correct ~
To be more specific, I agree with him' and I also agree with his premise and his presentation to Judge Walrath' ...
As a business owner myself, ... what he said has always made sense to me' ...
I am legally able to utilize an IRS Tax Advantage associated with any "LOSS" ... However, ... If I decide to SELL, or COMPLETE a contractual arrangement TO SELL' the asset associated with the depreciation I am claiming, SO GOES The Tax write off' ...
Beyond reading the case files in BOTH Judge Collyer and Judge Walrath's Court, ... I also listened attentively to all of the Court Proceedings and took notes associated to what I believed would become relevant into the future' ... I found Carreon's presentation to Judge Walrath quite interesting' ... to me ? ... it made sense'
I believe that J.Carreon Told Judge Walrath the TRUTH regarding this issue' ...
AZ
I am not saying AZ is right but I think he is saying that the assets from wmi caused a capital gain and that absorbed the nols. I am spit balling here.
No, the current conversion range of the Series B is between $1.75 and $2.25, and because of the current VWAP far below $1.75 it is the floor $1.75 that will be used for conversion. That should support the current PPS, not bring it down. Then KKR has 30.7 million warrants for $1.32 and another 30.7 million for $1.43. And the KKR Series A convert @ $1.10. IMO all these prices should support the PPS IMO, not bring it down...
Honestly, I don't know what is going on here, but I added yesterday below $0.89
boy oh boy.. someone better get this clarified because if the cowboy is right than wmih most valuable asset is gone and that spells disaster.. I know many love the cowboy on here and look forward to his posts to soothe them and assure them while the stock has tanked that everything is going to be A ok.. but this is a biggy that better get clarified asap..
yeah, so many great DD and yet this thing is going down everyday.
Completely agree, mordicai.
Justice: AZ is just plain wrong, and has been for a long time. The $6bil in NOLs are plainly disclosed in WMIH's last 10-K and last 10-Q. And they will show up in the next 10-Q due by November 10.
Perhaps what Cameron is talking about is nols generated by wmb operations. Wmih nols arise from the capital loss taken by wmih on the investment in wmb. Wmih has not lost 6 billion in nols.
Exactly! I think a deal between now and end of the year are slim to none bc the PPS is showing that at $0.88. If there is a deal being working on, the PPS would be over $2.00
I agree bob.. bingo.. not many on here are pointing this out but Hence this is why I think the adviser was hired... I think many are thinking this conversion is coming, massive dilution Im bailing.. now we might see some sort of deal with the convert guys to lower there conversion price, say to 1.40/50 and push the extension to another 3 or 5 yrs.. I think a deal between now and end of the year are slim to none...why the bulls will ask, because price doesnt go down to new 52wk lows on good news coming, we all know how it works, the big money is tipped off way in advance and they bid it up.. I been pointing this theory with the stock bleeding for months and was labeled a short basher, the longs were throwing out theories everyday, theories that do not make sense.. Ive asked about the 2018 deadline numerous times and not 1 poster addressed it.. why? because its not a bullish event, it was always, funds buying, sell vol. lower than buy vol.. I got a tip for you on that.. when a stock is down 7% on 3 times normal vol its selling vol.. its simple supply demand, selling is over taking buying, no special indicators are need, but many search for reasons as to why their beloved stock is falling and need confirmation bias
Ref: yes
and the value of the NOLS is directly dependent on the max corporate tax rate
a key reason for the decline to the 1.50 zone was the expectation of a drop from 35% to 15%
I feel comfortable - that whatever else was happening - that drop in PPS was directly related to lower dollar value of the NOLs as corporate rates to be sheltered from drop.
Comment:
Agree, NOL's being an asset has a "book value." That book value is directly related to % of Federal Corp Income Tax Rate. Market has reacted based on Trumps agenda to slash the current rate from 35 % to 15 %. Personally, I don't see it going lower than 25%. But, I am not the whole market.
Ref: Why the drop from 1.50 to below one dollar escapes me as it becomes clear the final top corporate rate will be 25% not 15% (which is 10 percentage points or 40% higher)
Why the drop recently ?
Comment:
Combination:
1) Negative market perception of the ability to pull off an acquisition,
2) MM manipulation and
3) BOD agenda.
AZ, you know what you are saying here? Seriously? That would render WMIH nearly worthless. The $5.9B NOLs is their largest (and only) assset. They would need to file an 8-K.
And IF any "final payment" was made (which caused the NOLs to "go away") by JPMC for WMB as ron (and you) state, that money would have gone to the WMILT, not WMIH, making WMIH a worthless shell now.
I think this kind of negative and IMO outright false speculation of the loss of NOLs brought the PPS down IMO.
good morning fellas!! well that was fun yesterday... I see the same old cheerleaders were out in full force defending the heavy vol. downside day.. I even seen a well the buy volume is outweighing the sell vol. while the stock was down 7%! Here are some facts because everyone has an opinion on what is going on, piers, escrows, converts, kkr, management not paying attention to stock or shareholders, funds buying, no funds selling, manipulation, controlled manipulation, bear raid...many are pointing to the funds buying and not selling.. we do not know what funds are doing until the 13f is released and I think the last one was 6/30 with 45 days after to release the 13f so the fund info is as of 6/30... we will not know until 40 days what the funds did... Heres a fact.. the stock in 1 yr has gone from 2.25 to .88 and the same excuses that were mentioned above are still being mentioned.. I remember reading posts a yr ago bout how much value and a gift it was at 2.00 and Im adding to my 50k common shares all the way to .88... the fact is the stock has been sold for a yr.. now we can speculate all we want on what is happening, I think the 2018 jan deadline is the culprit.. from what I believe, come jan 05 2018 do these converts convert at 1.75 and up to 2.15? if so we may see some sort of extension which will obviously make the convert prices lower which would put some pressure on the stock.. I think some funds are tired of management, I think 5 yrs with no deal means many have gotten cold feet...
Or has the stock dropped aprox 20% in anticipation of an aprox 20% dilution in stock WITH THE ISSUANCE of the 600 mill shares in a conversion of the B shares, Qualified ACQUSITION
I've seen nothing else to predicate a pps drop
~ JusticeWillWin, Specific To Your Question ~
The information regarding the removal of any NOL' Tax Advantage associated with WMB' ... being is no longer available once the original, SALE OF THE BANK, WMB, was ultimately finalized' and completed ... was revealed in Judge Walrath's Court'
This exchange is referenced in the "Open Court Transcript" as J. Carreon is introduced to Judge Walrath by J. Mastando (Weil) ... and, answers Judge Walrath's specific question regarding any future Tax Advantages' ...
As has been revealed in all of the SEC K & Q filings by WMIH since its reorganization, ... WMIH has been legally able to use this tax advantage' ... for a zero taxation responsibility', while the relevant litigation had continued, ... Now "Settled" of course' ...
NOW that the P&AA has been completed and the transition of WMB to JPMC has been finalized, ... The NOL Tax Advantage associated with WMB is now also GONE" ...
* The P&AA Contract between the FDIC & JPMC was put into effect on 09/25/2008' ...
* WMB was always going to eventually be sold to JPMC'
* The NOL Tax Advantage was always going to go away with the completion of the original sale of WMB to JPMC'
* The NOL Tax advantage has had ZERO to do with any other M&A moving forward, The NOL Tax Advantage was specific to WMB'
AZ
RSI totally oversold, Stochastics turning positive ===>Chart
Chart with RSI and Stochastics: http://schrts.co/vnpXz3
No investment advice, just my opinion...
Good questions, I tried to ask similar questions myself over on the ihub KKR board. Here is what they thought.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135093211
I emailed their Investor Relations over the summer also and they never replied to jack squat. Not very nice folks really to just not even reply with a piss off or anything. who knows maybe they did bail on WMIH. KKR stock continues to do very well though, aren't you happy for them?
The Holy Grail this must fail how is this thing staying up this should be a .40 allready
Why are we at a PPS level before the entry of KKR (KKR Commitment Letter from Dec. 2013), not to mention far below the level of the Series B offering to KKR/Citi and the reception of the $600 million from 2015?
Does the market think KKR is out?
Or MM games?
Or are the 6.5 million shorts covering before good news?
We are completely in the dark, as always...
What are the retained assets?
The assets of WMI Investment Corp.
yes
and the value of the NOLS is directly dependent on the max corporate tax rate
a key reason for the decline to the 1.50 zone was the expectation of a drop from 35% to 15%
I feel comfortable - that whatever else was happening - that drop in PPS was directly related to lower dollar value of the NOLs as corporate rates to be sheltered from drop
Why the drop from 1.50 to below one dollar escapes me as it becomes clear the final top corporate rate will be 25% not 15% (which is 10 percentage points or 40% higher)
Why the drop recently ?
Ref: Quote:
James Carreon testified before THJMW
when he worked for A&M, stating that the NOLs would dissipate with the return of the Capital Gains.
Commentary:
Yes, NOL's would dissipate, namely be offset, with the return of an equal amount of Capital Gains. If so, a good thing. As Income would be realized, (before offset of NOL's) to an amount equal or exceeding the $ 6 Billion NOL's.
NOL's are a value asset. Unused NOL, (amounts available after 2 yr carry back), can be carried forward 20 yrs.
Features:
1) Offset against any type of "Taxable Business Income", (capital gains, etc.,)
2) Extinguished If:
a) 20 year limit exceeded,
b) => 50 % merger, namely ownership change, can cause loss.
To avoid loss of NOL's a merger would be conducted without equity offering that would cause a ownership change. This would be by using preferred stock that has both:
1) NO voting rights,
2) NO conversion to common stock.
Conclusion:
NOL's are an attractive asset and a boost to cash flow. Each $ offset of Taxable Income protects the outflow of cash to the IRS.
The Following Hits Home and soon to hit Escrow ShareMarker Accounts In My View
*The Holy Grail*RETAINED ASSETS*YOUR HONOR*They Will Still Be There*
The legal group Akin and Gump are discussing the scope of what the Examiner can examine and what he cannot examine. We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets.
Now, it's my position, Your Honor, that the examiner doesn't need to know much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.
Have I told you lately how much more, more and more I love my Escrow ShareMarkers that continues to grow immensely every single day forward?
TOO RISKY for finite possible gain versus infinite-upside potential for retailers already invested in WMIH. For some folks that may already be stressed by underwater positions, your advise would compound their problems and worries astronomically. They'd have little to gain shorting under $1.00 (while unwittingly aiding the "smart" shorts BANK $$$ by covering their shorts placed years ago above $3), and paradoxically face financial ruin IF/WHEN the stock rockets upward to higher PPS often speculated. imo
At this point, my *unprofessional opinion NOT to be construed as professional trading advice, is that it would be wise for current shareholders to either sell now and be thankful for their relatively small gain or loss; OR, hold on tightly and risk losing everything (not much more for most abused long shareholders) or share in the unimaginable wealth that has been much speculated upon this message board for years. The LAST thing a current retailer should do is jeopardize his/her chance of astronomical gains by shorting WMIH and turning any "SORT-SQUEEZE" skyrocketing price appreciation into a nightmare from HELL. It is almost IMPOSSIBLE for small retailers to purchase back shares when competing against large hedge funds when they are panic buying to cover their large short positions during a short squeeze. Spells financial ruin for Ma & Pa... imo
You still have not explained how that works.
Why is shorting wmih to oblivion going to get our escrow paid?
learn to short lets end this mess and get our cash back this company needs to stop trading asap
ron, please answer, where can we find this statement?!?
There are no words for that none sense. One minute up next minute down, all over the darn place. You are correct.
'Some people are just tired of waiting and are more easily rattled than those who are not selling...glad I'm not one.jmo'
I'm not selling either, but I just don't understand why nobody wants to make money in a timely way. I mean they've had four years in a market that's gained over 8,000 points. KKR seems to be putting together M&A's
for everybody else. And our BOD doesn't even want to make money for themselves, despite all the financial incentives and powers they have. I've never seen anything like this.
They don't look for a merger partner, they look for an acquisition target (both is called M&A). The biggest part (if not completeley) of this acquisition will be financed by cash IMO. They have the $600 million from the Series B conversion, and they said on the conference call they think the Series B holder "can stem the next round of financing". That is the reason they chose them...
Remeber, the failed acquisition in 10/2015 was a multi-billion dollar deal which did not fail "necessarily because of the money". So I think, they already had a commitment of the Series B holders to provide more money for a huge acquisition (multi-billion dollar deal)!
Gallagher said:
"That $11 million I can promise you was a for a multi billion dollar deal that we felt was within our grasp that would have fit us perfectly"
They also said, the failed deal was a business arm of a public company.
At that time, 3 parts of GE (General Electric) were sold ($30B in total), the smallest one was around $9 billion. All three went to Wells Fargo.
The PPS is irrelevant for them. They said on the conference call and/or shareholders' meeting, the PPS does not matter, only on the day of a qualified acquisition. And they also said that they don't watch the PPS, they only "monitor it" on a monthly basis if I remember correctly.
I am sure this BOD will do NOTHING to increase the PPS UNTIL THE DAY THEY ANNOUNCE a definitive agreement for a qualified acquisition.
They don't care about the PPS, why should they? Gallagher and Fairfield get more shares the lowert the PPS is, as I've pointed out here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129244086
And because they won't do a merger, but an acquisition (IMO most of it with debt instead of shares), I think the PPS doesn't play a major role...
What in the HELL are you talking about? Check the PPS history as far back as 2008 between Aug and Dec. You will see that I'm telling the truth.
"PPS must be irrelevant to what is really going on here.... "
I thought they are looking for a merger partner??
Would they LIE to the shareholders?
Some people are just tired of waiting and are more easily rattled than those who are not selling...glad I'm not one.jmo
I think we are going to continue to drop until 2018. We've seen this happen several times before. End of the year drop, followed by new year explosion.
* * $WMIH Video Chart 10-04-17 * *
Link to Video - click here to watch the technical chart video
Remember when this stock started to be traded? It was not an BOD intention was it?
So perhaps they still care less?
PPS must be irrelevant to what is really going on here....
IMO
Tic Tock................
Ten years expires in 2018.
Yes. It all is very troubling.
I'm wondering why 2 people holding 1.7M shares with the power to increase the value of these shares do nothing.
I'm wondering why the BOD is so anxious to get free shares and yet lets their value sink this low. Their responsibility is to increase the PPS.
I'm wondering how the hedge funds, who I believe many of them go in at $2+ will hold this. This stock is certainly not a hedge against anything.
I'm wondering if the BOD really intends to make a deal in 2017, like they said they would. Before you know it it will be Thanksgiving-Christmas - the dead time in the market.
I'm wondering what company would want to merge with us and be saddled with our management.
I pray you are right AZ Cowboy and LG and a few others who share your beliefs. How could a 60B company shrink to .88 a share?
Not really, we got shares of the reorganized WMI and retained ownership of the original Parent Company.
It doesn't matter what they bought if they never pay for it. We got scammed into signing releases.
I don't know about you guys, but I want those "Uncertain Assets" returned to the original owners of the estate!
Notice is states certain assets of the debtors, not 99% or 5%, it states certain assets!
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Mr. Cooper Group Inc. (NASDAQ: COOP) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States with operations under its primary brands: Mr. Cooper® and Xome®. Mr. Cooper is one of the largest home loan servicers in the country focused on delivering a variety of servicing and lending products, services and technologies. Xome provides technology and data enhanced solutions to homebuyers, home sellers, real estate agents and mortgage companies.
Upon completion of the merger between WMIH Corp. and Nationstar Mortgage Holdings Inc. on July 31, 2018, WMIH became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper), Xome and Champion Mortgage (Nationstar Mortgage LLC d/b/a Champion).
As of October 10, 2018, Mr. Cooper Group Inc. is the new name of WMIH Corp. On July 31, 2018, WMIH, now Mr. Cooper Group, became the parent company of the Nationstar Mortgage Holdings Inc. family including Mr. Cooper (Nationstar Mortgage LLC, d/b/a Mr. Cooper) and Xome.
As early as late 2006, WaMu would begin to become a victim of what would eventually become the worst recession in US history since the Great Depression of 1929. WaMu's aggressive business strategy would begin to unfold throughout the end of 2006 and become increasingly disastrous through 2007. As housing rates were at all time highs before the recession began, WaMu would use its considerable leverage and assets to make large amounts of loans in both subprime mortgages and subprime credit cards. The banking division of WaMu at one point before the end of 2007 had nearly 336 stand-alone branch buildings where various types of home loans were processed and approved. WaMu would eventually over leverage themselves due to the high number of Adjustable Rate Mortgages (ARMs). As the US economy slowed down, the number of home loan defaults began to rise in quick succession. This coupled with the falling home prices throughout most of the US meant that even with foreclosures and the properties back in the hands of the company, they were unable to sell them back into the market, or were not able to derive enough revenue from the sale to cover the loan that was made on them. In the mean time, the credit card division was also seeing a surge in the number of late and non payments being made.
By September of 2008, WaMu's stock price had fallen to $2 from its previous highs of around $50 just two years earlier. Amid strong voices from the shareholders, then company CEO Kerry Killinger was dismissed by the company board. In the meantime, the company went looking for a buyer for part of its banking division. WaMu had been unsuccessful in finding an appropriate buy until its seizure by the FDIC. Overnight the companies banking division was bought by JP Morgan Chase in a secret deal brokered by the FDIC for 1.9 billion dollars. Washington Mutual Inc. has reorganized to Washington Mutual Holding Inc. WITH SHAREHOLDERS INTACT
WMI Equity Escrow Calculator
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