Mr Cooper Group Inc (COOP)

[Ray_137]

Rosen said in court: There are assets other than these equity committee can go after those assets. Second if nothing exists why they changed interest rate on Ps?

[Ray_137]

Big guys will buy puts before market crashes. Makes sense.

[xoom]

It’s less than 18 cents per share (UQ)
So made out well is completely false for a 15 year hold.

[iPrelude]

WMI Entities: WMI, WMI Investment, Ahmanson Obligation Company, H.S. Loan Corporation, WAMU 1031 Exchange, WM Mortgage Reinsurance Company, Inc., WM Citation Holdings, LLC, WMI Rainier LLC and Washington Mutual Capital Trust 2001.

(https://www.sec.gov/Archives/edgar/data/933136/000090951812000087/jg02-2712_8ke21.htm)

--------------------------------------------------------------------------------------

“WMI Entities” shall mean WMI, WMILT, WMIIC, together with their present and former subsidiaries, affiliates, successors and assigns, including, without limitation, WMI Holdings Corp.

(https://www.sec.gov/Archives/edgar/data/1545078/000090951815000162/mm06-0115_8ke101.htm)

--------------------------------------------------------------------------------------

Which are the WMI entities now??

is Woodway fiduciary & advisors LLC a current WMI entitie??
Phone: [phone]
Email : [e-mail]

[BBANBOB]

Clinton

""So fair and reasonable going from 1.8 billion shares before reverse splitting 12 to 1""

Only 1.2 elected to participate and if you were to get shares valued @ 71$ when ya paid pennies for them even after a 12/1 seems you'd make out pretty well, UNLESS YOU WERE A PRE

[WAMUSHAMU]

Brian is this you?

[suzuki1a]

You’re obviously wasting your time by continually reading, critiquing and responding to the opinions of others.🤔 Geeezzzzz, Hollywood, gotta script for ya, it’s a good one!

[user7770]

So you've already linked a certificate of dissolution (or equiv) for WMI, and everyone missed it?

For that matter, does COOP still exist? Technically, I shouldn't be questioning the obvious, but you don't seem to be right in the head.

[pokerguru]

Lodas,
I think everyone has heard you. If people want to believe something, let them. I think EVERYONE on this board that have been here since the beginning already has their mind made up on what they want to believe. The newbies that came after and follow COOP don't have escrows ( worthless or not ) to even talk about so you are not talking to them anyway. Stop beating your head against the wall. If someone wants to believe they MAY get something back, let them. It's not hurting anyone.

[goodietime]

"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 :(

[lodas]

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

[clintonj]

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!

[xoom]

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 .

[clintonj]

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?

[lodas]

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

[suzuki1a]

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!

[t1215s]

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

[mufa]

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.

[PickStocks]

When do suppose this happening 2034….

[BBANBOB]

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

[BBANBOB]

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

[PickStocks]

JUST MAYBE…….you doubt it even though you post it….

[Large Green]

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

[$27]

The numbers are cute. Will be fun to see.
Time will tell for all accredited investors.
Be well
$27

[BBANBOB]

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

[goodietime]

" roughly 27M shares for the Preferred "

How many shares per P?

[BBANBOB]

I still say they went back in T stock and like ya say if not they have 250 mill left they can issue

[Large Green]

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


…

[BBANBOB]

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

[Large Green]

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


…

[BBANBOB]

CRICKETS

[JusticeWillWin]

>>>>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.

...and...

But we will work diligently to compound tangible book value at a double-digit pace which for us is an exciting prospect.

...and...

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.

So this is a FANTASTIC OUTLOOK IMO:
1) On the one side they want to grow BOOK VALUE at a doulbe-digit pace
2) On the other side they think 1x BOOK VALUE for the PPS is FAR TOO LOW

So what can we expect IMO? BOOK VALUE growing to $75? $80? Or even more?
And then 1.5x to 2x BOOK VALUE means a COOP PPS of $120 to $160!

[BBANBOB]

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

[Large Green]

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





...

[t1215s]

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

[donfig47]

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

[DarkB4Dawn]

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

[BBANBOB]

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

[BBANBOB]

STILL you may have inadvertently stumbled onto something or THEY INADVERTENTLY may have let THE CAT OUT OF THE BAG

[BBANBOB]

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

[donfig47]

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.

[xoom]

That would have given him $4.7 Billion and growing

https://www.forbes.com/forbes-400/

[lodas]

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

[BBANBOB]

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

[DarkB4Dawn]

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.

[BBANBOB]

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

[donfig47]

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.

[donfig47]

My calculation says his transaction was made at a share price of 73.0899.

[BBANBOB]

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

[BBANBOB]

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