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UPDATED $COOP price targets==>DEUTSCHE BANK:$88, Piper Sandler:$88, UBS:$86, KBW:$86, Barclays:$85, Wedbush:$85, Compass Point:$76
RON
""The BK Judge can not arbitrarily reassigned assets to another Class.""""
she didn't reassign assets to ANOTHER CLASS
SHE ACTUALLY CHANGED THE CLASS by making both PREFERRED EQUITY and COMMON EQUITY EQUITY
And again the company stated this in an 8k/PR to QUELL MESSAGE BOARD CHATTER
I will be happy at 4.6 X's face and I am not greedy, I just don't see things that same as you and AZ do , that in no way make me wrong or you wrong, we agree to disagree
Would it be great if we could all drop the egoes and just get alone. We have more power together than separated. I feel like Rodney King in Los Angelas. We are coming very close if this does not blow up in our face. Nothing significant here, it will just get deleted.
GODIE
LOGIC AND COMMONS SENSE hard at work
BINGOOOOOOOOOOOOOOOOOOOOOO
Didn't it NEED to be removed in order for Class 22 to NOT be shutout during the BK process?
And wouldn't it NEED to be 'reinstated' in order for Class 22 to be 'owners of the Estate'?
Ron
Told ya before I'd be very happy with that !!!!!!!!
"""WE JUST DON'T SEE IT THAT WAY""" nor did the UW's or their lawyer
Wonder why they don't see it that way
LARGE
Oh don't ya know it can be turned off and on like A LIGHT BULB
""if the Preferred and Common Prospectuses are not canceled how can Preferred get more than FV?""
This in and of itself imho shows there is no cap or restriction in CLASS 19, now the billion $$$ question is doe sit continue IN A NEGOTIATED PAYOUT MATRIX
And like ya have said before IF the prospectuses are still alive as is being hinted at then P's can convert at 40/1 to commons.. 75.80 x 40=s $3,032
NOW do I believe the PROSPECTUSES ARE STILL IN FORCE????????????? NOW WAY NO HOW they HAD TO BE CANCELLED
RON
""""""""""""""""""""""Now grow UP."""""""""""""""""""""""""""""
Is this necessary
You're welcome, but I will certainly miss your in depth understandings about "Fat Finger Trades".
Riddle me this, if COOP is doing so well as well believe why is the daily volume of trading so low?
Ever get the feeling people are waiting for something?
~jb
RON
The """"Common Share Holders"""" own the Debtor’s estate.Funny how the agenda CHANGED the VERBIAGE once the 8K came out spelling out PREFERRED EQUITY and COMMON EQUITY sharing any distribution 75/25 The second the company said PREFERRED WAS NOW EQUITY, the spew was changed to COMMON EQUITY
"""Class 19 doesn’t get Class 22’s properly."""
I think you might have this BASS ACKWARDs Class 22 is playing in a sand box they never should have been in until Class 19 was paid in full The Judges own words go back and negotiate and bring me a PLAN WHERE ALL PARTICIPATE in case there isn't enough to go around..................................
Riddle me this
Why has every ACTION in this case that is a negative been a negative towards and ONLY put on CLASS 22 ????????????????
1 Class 22 was RV' 1/12 which means any returning assets they now GET 1 12th of what the would have of the pie that is left
2 Class 22 ALSO LOSES 2.5% of any returning funds coming back that ""THEY ALONE"" will owe to the reorg'd company COMING STRAIGHT OUT OF THEIR 25% matrix position
NOW let's LOOK at What Class 19 has lost (REALLY ALL ARE GAINS)in the plan in comparison.
1. They LOST THEIR CAPPED POSITION the APR rule and FYI that took almost 2 yrs to get it taken off.
2. THEY LOST OUT (GAINED) ON NOT BEING RV'D 1/12
Now just looking at those 2 examples above can anyone really sit here and say that CLASS 19 negotiated themselves SUBORDINATE to COMMONs. when ever single NEGATIVE ACTION that has taken place ,HAS IN FACT BEEN INCURRED BY CLASS 22 and not one negative aspect or loss to CLASS 19
Do I need your permission to comment and or in this case defend one of our best contributors to the board?
"Crystal Ball" this will all be over soon, and you will be gone in the wind.
~jb
That maybe true, but I would agree with his self evaluation.
~jb
In my opinion, you think too highly of yourself!
~ Ahh, There's One Now ! ! LOL' ... COOP / cactus "Point Proven" ... (quickly) ~
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174224572
Again, as always, this post needs a translation!
👉👉👉Only 8 BUSINESS DAYS until COOP Q1 earnings on April 24 (pre-market)
See: https://www.businesswire.com/news/home/20240404446961/en/Mr.-Cooper-Group-Inc.-to-Discuss-First-Quarter-2024-Financial-Results-on-April-24-2024
~ JB92106, LOL', considering a few "posting here" on WMIH / COOP', and maybe ?, an Original Released Participation in WMI's Reorganization ? ? ... It gives job security for a need for them to use of a "guy" ... due to a lacking investors skill set' ... Most of the Brokerages and Banks Offer such Portfolio Controlled' ass-istance ! ! ~
... Isn't Everyone Having A Good Time ? ... ? ...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174222734
anyone that CAN NOT' ... ~ "Know What You Own" ~ ... ? ... ? ... hire it out' to someone that "CAN" splain it' ... LOL' ... :) :) :)
just sayin' 🏍️😉
AZ
We got paid $0 so taxes must also be $0.
I didn’t expect anything else from you. You confirmed what I always believed. Take care!
Sure.. a bunch of rich guys with "Fat Fingers". Obviously...
Let me know if I can help you with any other misconceptions.
~jb
Look into your crystal ball and tell us what you see!
Just another "Fat Finger Buy"... Please check with our "Genius Bar"... Nothing to see here..
~jb
You’re joking for sure!
Again, a >60k BUY at the close yesterday!
Thank you.That supports why WMILT restated and amended LT agreement was non-public.In Jan 2020, WMILT appointed Mr.Smith and Ms.Logan as administrators of WMI Liquidating Trust.WMILT restated and amended LT agreement was made between certain parties who are unknown yet.In DEC 2021 they cancelled WMILT.Meanwhile who knows what they did with the whole Enchilada?.May be one hot ticker with some good dividend pay is my wish.But glad that i came across those lines that they wanted to conserve and protect the assets and administer.WMILT tax account with WA state is closed on Sept 25,2023.
AZ stated they paid our taxes for us……lol
Just keep drinking the koolaid…
I'll admit I've never seen that before either. Nice find
AZ made understandable for public.
Poorly Worded Response.
Please reread my posts.
BK law is all about property rights and contracts.
The BK Judge can not arbitrarily reassigned assets to another Class.
Retained Earnings!!!!
Treasury Notes!!!
Class 19’s claims satisfied.
I’m right!!
Ron
"APR Was Removed to Bless Class 19. "
Didn't it NEED to be removed in order for Class 22 to NOT be shutout during the BK process?
And wouldn't it NEED to be 'reinstated' in order for Class 22 to be 'owners of the Estate'?
‘Zoom Zoom’ already knows that you cannot walk into a Ferrari showroom and walk out with just the tires and steering wheel, like Picky thinks, he could. You need to buy the whole car.
LG , You Are Jumping to a Faulty Conclusion.
All based on out of control GREED.
No 75/25% to the END.
PROPERTY RIGHTS!!
I should not have the need to say more.
Ron
So Ron do you believe the filings or not?
1) On the (ED) Effective Date of 3/19/2012, ALL Preferred and Common Prospectuses were canceled along with ALL associated documents
2) On the ED, there was an (OC) Ownership Change with new common shares authorized along with ten million Preferred authorized
3) The ONLY plan that counts is the Amended POR 7 that was signed by the court on 2/23/2012 and ALL previous PORs do not exist according to the court, they were canceled
4) On August 01, 2012, an 8K filing was issued showing the ownership rights of Preferred Equity Interests at 75% and Common Equity Interests at 25%
5) In October of the year 2018 a Reverse Split of 1-12 for common shares authorized and Preferred Shares was NOT affected by the RS so Preferred shares stayed at 1-1 whereas common was 1-12
6) These are all concrete facts so if you want to pick and choose what you want to include or disallow then you are making the rules after the court signed off on all of these facts so have at it.
...
No problem LG. Thats their theme LG, they don't touch any messages with proof, especially that member who wants evidence 24 7,LOL.
APR Was Removed to Bless Class 19.
Blessed with a bonus from the Retained Earnings/DCR of the February MOR.
Both Classes of 19 and 22 will be blessed at the same time from the RE/DCR because APR as removed.
75/25% from the Retained Earnings, and then it’s all about property rights.
Class 19 doesn’t get Class 22’s properly!
Now grow UP.
I own a lot Series R also.
Ron
Heck we all know you and Doreen is a one sided what ever you want to call it…..let’s hear you tell everyone who XXXX is ….that way zoom zoom will know it as well…..you are giving him tooo much koolaid to drink
And Bonds/Preferred's Holder’s Don’t Own…
The Debtor’s Estate.
To the MB in general;
It’s all about property rights.
The Common Share Holders own the Debtor’s estate.
BBob and LG please do the math!!!!!
Interest rate times time.
Fully satisfied! With a bonus!
~2.5X fully satisfied Class 19’s claims against the Debtor’s Estate.
Class 19 doesn’t get Class 22’s properly.
Very few people understand Retained Earnings from the February MOR that satisfies Class 19’s claims, 75/25% held in Treasury Notes.
The END.
DOCUMENTED!!!
The Series R are still attached to the Preferred Fundings assets, therefore both past and future Performance Payments.
I have proven the numbers and both Plans Trusts.
Plan 7 LT satisfied the Creditors.
Plan 6 LT holds the assets.
Yes I have,
Ron
BBANBOB, you said the following.
SO there ya have it
At 13% of face I make ALL my money and some bank, AT FACE it will be the single best investment I have ever lived in my life , SO HURT ME with 4.6 X's face
____________________________________________
As some want everyone to believe if the Preferred and Common Prospectuses are not canceled how can Preferred get more than FV? They cannot as that would be against the law so how do you do that? It seems to fit an agenda some pick and choose what fits then try to push that agenda
...
~ XOOM, nicely done ! ! and Yes, I do know Doreen, Yes, I know who (XXXX) is', (it's NOT COOP) ... rosie, (a social jerk), Novad, (a nice guy), Reynaldo Reyes, (another nice guy) ~
WHEN I have been PROVEN wrong for the last 15 yrs, I HAVE BEEN THE FIRST TO COME OUT and say I was wrong or incorrect...........................
AZ also guaranteed a tax return of 34 bill in APRIL several years back, HAS ANYONE SEEN IT
SOrry but AZ also has told all here to ONLY BELIEVE PR's AND 8K filings form the company, but to THIS VERY day will not believe or except the 8K that was put out by the COMPANY TO DISPELL MESSAGE BOARD INFORMATION CONCERNING the PAYOUT MATRIX and the comment was 75% to PREFERRED EQUITY and 25% to COMMON EQUITY. NOW what is interesting about that is that AZ had always said previous to the 8K that EQUITY ALWAYS OWNS THE ESTATE, immediately after that 8K he change it from that day forward to ""COMMON SHAREHOLDERS OWN THE ESTATE.""
I LOOK at things the way I see them written and how they are shown to all of us AND DO NOT TRY TO SPIN THEM or put a personal spin on them to garner a following.
and have always said HERO OR ZERO here and if we get something back here ALL WILL BE JUST FINE
SO there ya have it
At 13% of face I make ALL my money and some bank, AT FACE it will be the single best investment I have ever lived in my life , SO HURT ME with 4.6 X's face
XOOM
ONE more to add to your list if YOU WILL
AZ flat out called me out as LIAR on this board 3 days ago when he SAID NOBODY has ever suggested on this board that additional shares were going to be issued,
I said he was wrong and that I have been saying that for yrs on end,and asked me to provide a link , HECK I provided the post itself dating back 4 yrs and NO RESPONSE or apology what so ever, he just ignores the truth or will not respond to it........... LEMMINGS here imho are gonna be very upset with their AZ COWBOY and have said a 1,000 times I MIGHT be the one that is wrong lets see but again here is my post to HIS DEMAND FOR A LINK to where I supposedly said what I did, WELL HE GOT THE ANSWER and here it is
BBANBOB
Member Level
Re: BBANBOB post# 725850
Wednesday, April 10, 2024 9:30:08 AM
Post# of 726017
AZ
Here is one from 4 yrs ago, where I AGAIN suggested THERE WILL BE DILUTION IN OUR FUTURE
Care to retract the statement that " DILUTION HAS NEVER BEEN SUGGEST BY ANYONE ON THIS BOARD BEFORE???????
BBANBOB
Member Level
Re: vodkadejour post# 642889
Wednesday, December 23, 2020 2:11:27 PM
Post# of 725864
My WAG is coupled with the possibility of some pretty serious DILUTION, I'd suggest they might want to keep it under $100 with and after dilution is included. And although maintaining the NOL's is IS IS important, the dilution imho is needed to keep this on the down low and so what all would have more shares just at a lower pps!
Forwards are not near the neg that RV's are!
Pretty hard to explain how a POS BK company comes out and is from 250$ to 500$ only a few years out of BK!
This whole thing will go down on the QT!!!!!!!!!!!!!!!!
The DILUTION will aide in the keeping this on the down low and under the radar
AND even as I suggest today THERE WILL BE DILUTION and a sizeable one
P's and K's will get NEW PREFDS and commons will get additional commons to maintain the original share structure of 51% of the reorg'd to align the commons holding back to pre seizure levels to maintain ALL of the NOLS and create as close as possible the same share structure as it was creating a true REORG of the company..
Newflow, a great find, and thank you for sharing. DO NOT EXPECT much in the way of positive posts because these kind of facts are very discouraged and very much frowned on since it appears many failed to release and receive timely signed releases...so very sad
HOW DID WE MISS THIS?. CONSERVING THE ASSETS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
6.3 Limitations on Liquidating Trustee.
(a) The Liquidating Trustee shall, on behalf of the Liquidating Trust, hold the Liquidating Trust out as a trust in the process of liquidation and not as an investment company. The Liquidating Trustee shall be restricted to the liquidation of the Liquidating Trust Assets on behalf, and for the benefit, of the Liquidating Trust Beneficiaries and the distribution and application of Liquidating Trust Assets for the purposes set forth in, and the conservation and protection of the Liquidating Trust Assets and the administration thereof in accordance with, the provisions of this Trust Agreement, the Plan and the Confirmation Order.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm
Page 22
PACKAGED??
...
...
Yet….he never shared with you who XXXX is and you think he will after posting this…..
Reading this…..laughing so hard…..my side hurts…….
You forgot napkin math
XXXX being the secret money place.
Accredited investor
Personally knows Doreen
Is certain the former commons will be richer than the pope.
Someday we will eat Sky Pie, but that date is ever moving forward to the next big thing.
Here is a summary of what AZ posts in simple English
* AZ made a lot of money in COOP riding it from $5 ish to $50 ish
* AZ feels, no 75/25 to the end, as 75/25 was restricted to the LT, which is now done.
* AZ feels, the estate belongs to the legacy commons
* AZ made some coin on his WMB bonds
* AZ feels some folks drank kool-aid flavored coffee and are still not able to think clearly
* AZ is eagerly waiting for XXXX , his preferred’s , his commons and bond payments ‘soon’
* AZ only has 6,000 + posts but Bban has 36,000 + posts
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Moderators Large Green xoom GO4AWILDRIDE stoxjock ron_66271 |
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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