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"So if one had 200,000 old commons ÷ .03 ÷12= and recieve apx. 500 new shares x 75.00ish currently price per share=roughly 37,500.00? Wow sounds too good to be true....not!"
You got that right. $37,500/200,000 = $0.1875 :(
sadly. what some people on this board expecting more recovery dont understand is that THESE COMPANIES CEASE TO EXIST ANYMORE!!!....... when the chapter 11 was ratified and closed, and release signatures were secured, these companies went into lala land, or oblivion, and buried...a new corporate structure emerged from the old remains with no ties, or obligations to the old equity holders, AND THERE IS NO OBLIGATION TO MAKE THEM WHOLE AGAIN!!!!!!!....if you signed a release, then you gave up all your rights to any former values in the old company... if you did not sign a release, then you have to go to court and sue to get your values returned to you.... its that simple... for those of you who have waited, and are waiting to be made whole, you are waiting for a train that derailed on the tracks 12 years ago.....everything posted concerning returns, without documentation is hope and fantasy, and a waste of time....Lodas
So if one had 200,000 old commons ÷ .03 ÷12= and recieve apx. 500 new shares x 75.00ish currently price per share=roughly 37,500.00? Wow sounds too good to be true....not!
If you are just referring to WAMUQ legacy commons
First R/S was times 0.03
Second R/S was /12
So if you had 1 million WAMUQ legacy common shares :
After first R/S during the 2012 reorg = 1,000,000 * 0.03 = 30,000 shares
After second R/S = 30,000 / 12 = 2,500 shares
Now for the bigger picture, only 1.19 Billion commons released in 2012. You multiply that with 0.03 you get 36 million shares for commons
Sadly the 2 reverse splits do reduce the share count and also the $$ value drastically .
So fair and reasonable going from 1.8 billion shares before reverse splitting 12 to 1 twice and now deviding somewhere between 9 and 36 million shares for common holders, essentially the equivalent of 1.8 billion shares in value?
throwing stuff against the wall and hoping it will stick is not the way to make HJCE.....why wont you ever quote what the official documents revealed 12 years ago?.. the company that supposed to give you stock or money does not exist anymore... it was cancelled, extinguished, and all rights to former prospectus were deemed null and void........this is the law, not your speculations....Lodas
In spite of all the fines, JPMC, JD and all the top brass are banking, pun intended! Nothing has changed since the last Financial meltdown and the snatching of WAMU!
JPMorgan Chase Pays $348M Penalties by Fed & OCC
https://news.bloomberglaw.com/banking-law/jpmorgan-chase-pays-348m-penalties-by-fed-occ-1
JPMorgan Chase Bank pays a $250 million civil money penalty imposed by the Office of the Comptroller of the Currency related to deficiencies in its trade surveillance program.
Separately, the Federal Reserve Board fined the firm about $98.2 million for an inadequate program to monitor firm and client trading activities for market misconduct
The board’s action requires JPMorgan to review and take corrective action to address the firm’s inadequate monitoring practices, which occurred between 2014 and 2023
Ts
This year, before the stock market crash.Big boys wants the cash before the market crash (2025 is the year of the biggest market crash in the last 100 years)
Pick, will not affect you financial in any way, shape, or form. It only apply to the ones that signed and released.
When do suppose this happening 2034….
ALSO I'll suggest that P's will have NO CONVERSION CLAUSE to commons in their prospectus and POSSIBLY can only be sold back to the company
LG
""More than likely we will be issued 1-1 P as they have ten million authorized and shelf-ready preferred set to issue""
with NO FACE VALUE assigned to them as of yet
JUST MAYBE…….you doubt it even though you post it….
More than likely we will be issued 1-1 P as they have ten million authorized and shelf-ready preferred set to issue
As BANBOB just said all the 36M shares go to commons
The numbers are cute. Will be fun to see.
Time will tell for all accredited investors.
Be well
$27
I think they give the whole 36 mill to commons and P's get new P's which should get commons real close to back at 51% ownership
" roughly 27M shares for the Preferred "
How many shares per P?
I still say they went back in T stock and like ya say if not they have 250 mill left they can issue
Or if someone wants to say those commons purchased back are cancelled, so be it then as they can just issue new set of 36M commons however they are smarter than that
…
AND AGAIN IF THE whole 36 MIL IS USED to go to commons we are right back where we started @ 100 mill and then issue prefrds
I've always said they are buying these back on the cheap and they will be used to pay off commons........ AND put them in T-stock where many say they have been retired
REMEMBER, COOP has ten million authorized and shelf-ready PREFERRED shares to use on a minute’s notice and they can use 1K, 10K, 20K denomination they or any amount they want
…
>>>>HIGHLIGHTS from the last COOP 4Q'23 EARNINGS CALL<<<<
Recording of the webcast: https://edge.media-server.com/mmc/p/y3cdmnwt/
Presentation: https://s1.q4cdn.com/275823140/files/doc_financials/2023/q4/4Q-23-Earnings-Presentation-FINAL.pdf
Transcript: https://www.fool.com/earnings/call-transcripts/2024/02/09/mr-cooper-group-coop-q4-2023-earnings-call-transcr/
My favorite parts are...
The WMIH merger brought us 1 billion in deferred tax assets. At the time, there was skepticism about their value.
Today, we have realized 63% of that balance in the form of incremental cash flow, which has helped us exceed expectations in terms of both growth and stock repurchase. So, where are we going from here? We're now seeing some of the best growth opportunities in the company's history. And we will continue to grow our servicing portfolio as we have for the past 15 years. But our strategic focus is now squarely on return on equity, which shouldn't surprise you since we've been commenting on ROTCE on every quarterly call.
But we will work diligently to compound tangible book value at a double-digit pace which for us is an exciting prospect.
But I don't think one-time tangible book is the end of our story, not by a long shot. Certainly not for a company with such a successful track record and now such an impressive leadership position.
Title of the Class of Securities To Be Sold Name and Address of the Broker Number of Shares or Other Units To Be Sold Aggregate Market Value Number of Shares or Other Units Outstanding Approximate Date of Sale Name the Securities Exchange
Mr Cooper Group Inc
Merrill Lynch
1301 Gervais Street Suite 1500
Columbia SC 29201
29166 (2131742.00 64602234 )03/18/2024
Nasdaq
THe share price today is 73$ you do that X's the outstanding of 64 mill and you are at 4.7 bill $$$$$$ not 2.13 bil
RECENT COOP FILING – THE PUZZLE NOW FIGURED OUT – JUST MAYBE
https://archive.fast-edgar.com/20240318/AS2E422CZ22EI2Z2222P2CEZA7GSZZ62B262/
JUST maybe with the help of BBANBOB plus some others who agreed with us like Cura Asada, Dmdmd1 and others that the COOP merger with NSM was not totally completed and POSSIBLY there is a positive finale. At least until they issue the owners of the former WaMu Estate who signed timely releases by 3/2012 shares.
These same investors just mentioned also agree that COOP does NOT totally own XOME as for years they have talked about monetizing XOME worth roughly one to two billion. Strange, after multiple years they cannot monetize XOME and we have said this is because COOP does not totally own XOME until they finish issuing the shares. More than likely this ownership of XOME is tied up in a DST owned (75/25) by those investors who signed timely releases.
***NOW LET US LOOK AT SOME NUMBERS***
• Post COOP 12-1 RS around Oct/2018, the outstanding COOP shares became roughly 100M
• The recent filing above shows around 64M COOP outstanding shares after a multitude of COOP buy-backs
• The difference is now 36M shares of COOP which MAY BE owned by timely signed investors
• If these 36M shares (36M + 64M) are given back to timely signed investors, then this takes the outstanding COOP shares back to around 100M but lowers the COOP price to roughly $50.00 a share based on current prices of around $72.00
• Now we have heard that XOME should be worth around 2B or so, NOW figure in 2B ($20.00 a share) on those 100M outstanding shares and WOAH back to $70.00 plus a share
• NOW figure the 75/25 ownership on the 36M shares and guess what you have roughly 27M shares for the Preferred and 9M shares for the Common
• Hopefully, these shares are coming soon to a timely-signed-released account near YOU
...
BB. LOL.But !
"As of this post the stock seems to be still moving in a upward trend so far ( ya just never know with these little left over numbers)" All joking aside I do understand This stock should be named COOP OTIS, Hey we've all seen this before and might in the future, one can hope for the next level 😉 GLTU bud
Ts
This is on Fidelity web site
Provided by Vickers Stock Research corporation, a subsidiary of the Argus Research Group, Inc. All rights reserved.
The ownership summary indicates the percentage breakdown of a company's equity ownership by investor type, and is derived from multiple sources.
Institutional ownership 61.4%
Institutional mutual fund ownership 28.4%
Mutual fund ownership 14.0%
Insider ownership 4.8%
Other 0.0%
Total outstanding shares: 64,602,234
I read them. It looks to be about half his stock award.
Year Salary Bonus ($)Stock Awards ($) Incentive Plan Other Compensation ($)Total
Christopher Marshall
Vice Chairman & President
2022 750,000 — 4,150,101 1,500,000 12,056 6,412,157
2021 750,000 — 2,500,004 2,000,000 10,506 5,260,510
2020 738,462 — 1,500,000 3,500,000 8,550 5,747,012
DARK
LOOK AT THE aggregate value they give for the 64 mill shares outstanding today at current price 2.6 bill well at 73 it is 4.7 bill not 2.6
STILL you may have inadvertently stumbled onto something or THEY INADVERTENTLY may have let THE CAT OUT OF THE BAG
WELL aware it is a different form than we have seen before, but that tells how many shares are OUT not his but as you see 4.7 is a WHOLE LOT DIFFERENT that the 64 mill at 73 HMMMMMMMMMMMMMM JUST WAIT, lg is gonna put out our discussion in bullet point
Thanks Dark, I apologize for my incorrect number of shares. I am happy to see how many people read my post. I didn't think anyone read them. I just try to post news and not opinion.
That would have given him $4.7 Billion and growing
https://www.forbes.com/forbes-400/
both of you have been wrong for 15 years... what could L.G. put out now that would make a difference?...he needs to put a link behind his assertion, if he makes one.... we are waiting .... Lodas
I AGREE 100 PERCENT THE FORM IS DIFF
BUT look at the their pricing in this filing for the company at todays pps it is off by close to 50% low
64.6 mill shares at 73 is 4.7 BILL not 2.3 bill
that is what caught me eye first, but thinking he had that many shares is what go me really looking at the filing
Its part of Chris Marshals exit package / stock awards and agreement to stay on with the company during the CFO transition. $2M+
The 64M shares are the shares outstanding for the entire company, not Chris Marshals. Chris had ~ 168,722 last time I looked.
Hold ONTO YOUR HATS BOYZ and GIRLSSSSSSSSSSSSSSS LARGE GREEN and I were just talking and he puts out bullets points examples far better and he is getting ready to put one out
Sorry LG, thanks for catching that. I copied the Number of Shares or Other Units Outstanding. I'm used to seeing # of shares owned. in those filings.
My calculation says his transaction was made at a share price of 73.0899.
YOU like me apparently mis understood and the(( Implied Shares Outstanding 64.6M )) is for the corp
I originally saw it the same way but looked at it again
Share Statistics
Avg Vol (3 month) 3 484.09k
Shares Outstanding 5 64.6M
Implied Shares Outstanding 6 64.6M
Float 8 62.35M
% Held by Insiders 1 3.71%
AND YES I SEE WHAT IS IN THE FILING BUT SOMETHING JUST AINT RIGHT HERE
DONFIG
I see your 64 mill shares you wrote AND what is in the filing BUTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT, Can someone explain to me how he has what would ALMOST BE THE ENTIRE OUT STANDING SHARE COUNT
Sorry just a DA OL OKIE
Don, you wrote the following:
Your words "In other words its price manipulation!" That may be true.
Just out:
Marshall Christopher G, to receive and sell shares on 03/18/2024.
Receive 29166 and Sell 29166 worth $2,131,742.00.
This is probably a good idea so people don't say a insider is only selling shares.
He already has 64,602,234 shares.
https://archive.fast-edgar.com/20240318/AS2E422CZ22EI2Z2222P2CEZA7GSZZ62B262/
___________________________________________
You say Marshall has 64M shares outstanding which could not be true maybe 64,000 as there is ONLY around 67M outstanding shares of COOP period!
...
Your words "In other words its price manipulation!" That may be true.
Just out:
Marshall Christopher G, to receive and sell shares on 03/18/2024.
Receive 29166 and Sell 29166 worth $2,131,742.00.
This is probably a good idea so people don't say a insider is only selling shares.
He already has 64,602,234 shares.
https://archive.fast-edgar.com/20240318/AS2E422CZ22EI2Z2222P2CEZA7GSZZ62B262/
If you have been here long enough, then you should realize that I’m not talking about COOP’s current price but the nature of its price behavior. In other words its price manipulation!
Simply Wall St. Sat 3/16/24 @ 8:49am
https://finance.yahoo.com/news/investors-more-bullish-mr-cooper-144916069.html
If you consider them news...
One stock that goes straight up would be very good.
Can you give me a list of 5 stocks that go straight up and never have a dip, so I can buy them and never look back. Coop has performed very well and I am happy with Coop.
There are no news...
What news?
I'm not a big chartist... but... 35% share increase over the past 6 months is not too shabby... I call that a home run. The fact that the BOD is focusing on shareholder returns is key for our ability to crest $80, $90 and beyond.
AIMHO, STRIKE
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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
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