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Now that would really be a great transaction and a true multi-billion dollar deal which could utilize WMIHs $5.9 billion NOLs all at once, not over the years. This would be a Reverse Merger, right? But I think it would cause an ownership change and void the NOLs...
Oh I forgot, the NOLs are already gone, according to ron an AZCowboy
If KKR didn't enter this SPAC, someone else would have. Again, KKR isn't the only game in town.
WMIH was saught, it surely wasn't a worthless shell begging for help. Hence, KKRs interest.
Interesting, how would that benefit WMIH?
I'd say BOBVIOUSLY FORM A SLOW CERTAIN DEATH
You talk as if KKR is the only game in town, but we all know that's far from the truth. Is KKR a key player, yes, but they in no way saved WMIH, but rather saw value, and wanted to play ball.
Falling on their own sword? What exactly does that mean? Please, no play on words, or fortune cookie sayings.. What did KKR save WMIH from?
I have read that KKR is set up as a partnership , so anyone who buys shares of KKR are technically buying partnership units and can call themselves a partner. It has been estimated that KKR might sell for 7 -10 more per share if it was set up in corporate form. Perhaps KKR intends to use wmih to change its form while utilizing wmih tax attributes to accomplish this task with minimal tax consequences.
"""""""""""""""""WE""""""""""""""""""" ?? HMMMMMM
JPM bought WAMU, KKR bought in to WMIH.
KKR AND I ARE PARTNERS. Period. WMIH IS NOTHING WITHOUT US.
KKR Saved WMIH from falling in their own sword. Sure Ive known and been partners w Feorge and Henry for 12 + yrs. WMIH is old news even when KKR saved them from suicide.
Saved WMIH? From what?
This guy... Talking like he represents KKR. KKR has graced our chat board..lol.
Funny!
KKR saved WHIM. Admit it. Without the transaction WMIH WOULD CEASE TO EXIST. KKR OWES WMIH NOTHING. Believe me we have no interest in shorting illiquid assets nor do we care about WAMUs illiquid assets. When all you cheerleaders quit crying about your losses then we will sell WMIH at a premium. Until then cry all you want.
He is absolutely clueless, he thinks KKR bought WaMu and does not know that it was JPMC who bought the bank WMB in 2008 and KKR invested(!) in the reorganized holding company WMIH in 2013 and 2015. It seems to me it is the first time he read something about WMIH and wants to pretend he IS KKR himself
I have been around WMI/WMIH for 15/16 years & never rmember it being ZERO, lowest was .07, next day after BK Owned WMI before it was even a BANK.
doesn't really help, maybe it would have been better off not trading at all you act like KKR saved us? from what? zero in the end anyway? This went lower yesterday than before KKR even came along I think. yeah, we should be grateful it's back to where it was before they "saved us" I don't understand your reply.
what about if one does not have any money left? Sell the car or house?
Go away, you are not helpful
if thats the case why spend so much time here stating so?
time to close out and cover your short position while you still can. these constant posts make the intentions very transparent.
all in my opinion of course. ok back to lurking.
This is the time to buy to get back what has been lost.
KKR bought WAMU when it was worth zero. BOD positions or not: We have no obligation to update the shareholders or any other affiliates about ANYTHING. Without us you all would have nothing, zip, nada. At least WMIH trades. Give credit where its due. KKR staved off disaster whether you or anyone else cares to admit it.
Better cover that short, # of days to cover dropped from 20 to 9 for a reason!!
SEC soon going to move in on this SCAM
why would anyone buy this worthless no value stock with all the great stocks that a moving in dollars everyday market is booming not here tho
Don't they have members on the WMIH BOD now? no obligation to update, inform or give a damn at all? are you sure? This stock is at multi years lows and nobody at WMIH or KKR gives damn. ok got it. yeah, nothing personal just business, whatever helps you sleep at night.
That was stupid u should buy low sell high.... this PIG is
going lower, better sell fast while u still can
The bank was not bailed out, it was sold to JPM.the holding company is ours and KKR will do just fine on this deal as we will.no whining from me my friend.
As long as Kosturos is The Treasurer and Rosen is the LT Lawyer....WMIH is not going anywhere but STALE old Trash....M&A managers won't be able to do anything without our Escrow Equity Money Merged in with WMIH....Period.....Best
Its just business. Period. All the whining on this board needs to end. WMIH people/homeowners were duped by a corrupt entity (Washington Mutual, hell even I was.) its about time for the whining about KKR to cease. THEY BAILED OUT THE BANK. PERIOD!!!
Who cares about the drop lately, nobody is bring up the fact that it taking baby step to $.05 so far. It's up.
"Change in Control"
Who thinks this will be all over this month lol
AZ, shouldnt there be an 8k filing by now if WMIH no longer has the $6b NOL available for use?
PPS have been sky rocketing
-> AZ is Right <-
Volume is back to normal it appears, unless naked shorting drove price down, how soon till shorts cover? Btw ... thank you for your input. My dry powder is gone or I would be chasing.
Banks will be closed on Monday, October 9, for Columbus Day; however, the stock market will be open.
Azcowboy, I also bought some this morning.
Thanks Azcowboy. I am still here too!!
Ref: What agenda could the BOD have that would make them want to drop the share price?
Comment:
Greed! Executives / BOD, from my personal experience will do what they can, to control what they can, so as to personally profit. A lions share of compensation comes from stocks.
It's not uncommon to have Executives / BOD focus on their own personal prosperity.
Step 1 - Be able to accumulate more shares, PPS taking a nose dive.
Step 2 - Build Corp value, to this end PPS sling shot up.
My two cents, I see significant future value.
That's not happening.
or the market expects a corporate rate of 15%
CBA09, What agenda could the BOD have that would make them want to drop the share price?
There's no agenda. There are just some who know that he's wrong; something AZ will simply not acknowledge.
I have read all posts this morning. To put a lot of this to rest, GOOGLE "value WMIH NOL Jan.,1 2017" & see what you get.
I believe GOOGLE over the opinions here. Do not think there has been any change this year
AZ COWBOY & his D. D.
For all those whom attack, criticize, and undermine his educational posts you do so with agenda. Az has only shared his incredible grasp of issues and legal road map of this 9 year ordeal. He has stated only what he has determined to be of importance for equity and the financial outcome there within the stock.
If you are long or short a lot is to be learned from someone who at least, has a master’s comprehension of this case. I have never made decisions, placed trades, or bought or sold anything because of him. We all hopefully wear big boy pants and make our own decisions and will level with the reward or loss.
However what Az has provided is a road map for many including myself so I may make better decisions for myself. Az is a legit solid person for doing what he has done here. I personally am extremely grateful for his sharing his knowledge of this case and the issues at hand. So if you are long or short, a thinking human, have a good intellect, and are not arrogant to information that has credibility you would be wise to at minimal be glad he has shared what he has here and do with it what you may.
Cowboy regards,
Thanks’
B
Ax thanks for all your hard work. I understand exactly what you are saying. Once you showed what was said in court about the Capital Gain being more or the same dollar amount as the NOLs. It's all good far as I see it. Thanks again your input has been invaluable.
~ Lodas, Well Done & Thank You ~
I am a fan of yours, as I read all of your common sense presentations' you are also a true "investor"
... Thank You, ...
I basically stopped adding WMIH-Corp in Nov of 2013' ... and as the year transitioned, I began accumulating WMB Fixed Income Securities between Jan 2014 and June of 2015' ... (no easy task) ... the WMB Bond purchases on the secondary' dried up around March of 2016, just ahead of the "Settlement" signing in June of the same year'
anyway, ... IMO, WMIH-Corp is trading for less than simple value at these numbers, ... so I placed an AON order at the open and was filled (I was actually surprised') ...
good luck to you' as well ...
AZ
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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
WMIH: Here's how old shares relate in value to the new shares.
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