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Back again to short the hell out of this again thanks to all
Olti, perhaps you didn't see the red...
...highlighted sentence.
...it explains there is "a range."
...$2.25-$1.75.
...FYI, that is the "same range as the current Series B preferred conversion range.
...here it is again.
...thanks.
Yes u right when you look under your shadow and the whole picture in Light.Read below and this is my last coment for today for u.Sorry but can push anyone to see the light irregardless of my wish to let open the light and get out of the tunnel.
On May 15, 2015, WMIH issued restricted stock grants to our Chief Executive Officer, William C. Gallagher and our Chief Operating Officer, Thomas L. Fairfield, in conjunction with employment agreements totaling $9.8 million of aggregate fair value (the “Exec Grants”) based on the $2.76 trading price of WMIH shares at the close of business on the date issued.
The TRUSTS that were set up in 2005 & 2007 before BK DO APPLY, at least 6. Interest for 10/12 years=????????
And another new low set in after hours.
Not good.
* * $WMIH Video Chart 10-04-17 * *
Link to Video - click here to watch the technical chart video
That doesn't apply anymore:billions of the assets were given away before 2012 and with the POR.
2 8K will come out coming days;one is the new conversion ratio KKR has become for being so kind to invest in us and another 8K telling us how much shares every boardmember will get coming months.As LG says to show us the way forward to?3.5B shares at $.15 maybe??
Olti, no, the BOD is not stupid...
...nor the Executives of such topic.
...with regard to "their incentive shares."
...first, they 'adjust for splits under the current contract.
...second, if there is a renegotiated Series B conversion rate, it appears (since management is/are they/them) that they will take care of them and renegotiate their incentive shares range to the 'same range.
IMHO this is EXACTLY what is going on now, and imho will until around .75 ish but I'd not RISK a flip from here over .10-14
Wonder why the BOD did get their shares on such a high price and if I am not wrong it was 2.25$ per share?So is he stupid or is your so called "Math"out of this world?After so many years find it really Unprofesional such a Grave insunation of yours dear Shaadow.
Agreed, and don't forget there are 6.49 million short as of 09/15/2017. I think most of them need to cover before any M&A news...
http://www.nasdaq.com/symbol/wmih/short-interest
If you're sharp enough to write up a contract that benefits you if it does so be it
AND ALSO they AINT THE ONES CONTROLLING THE SHARE PRICE
If they came out in the morning and sadi OK here is where we are, our debt funding is coming do, we have no funding options in the works, no mergers on the horizon and no active working profit making business to obtain funding but we wanted to keep you informed
Ya THUNK THAT WILL HELP THE SHARE PRICE???????????
And don't those that resigned from teh board lose their options if an M&A isn't done within 6 months of them leaving?????????????
Ya really think they left knowing they would in fact be left out in the cold??????????
Of course I would, but it should not be allowed that people who have a duty to increase the PPS/shareholder's value profit from a lower PPS.
YOU have been posting that since 2012, & were WRONG & still WRONG!!
Welcome to the real world pard but you know that already'
If one is in control of a situation one make the situation work for themselves, and guess what , YOU'D DO IT TOO
Gallagher and Fairfield profit from low PPS as I have pointed out here. They are not interested in a high PPS, the lower the PPS, the more shares they will get. Huge COI IMO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129244086
It will be nice for all involved !!!! Ill buy 1st hundred rounds
not arguing this but if this is TRUE then why have not all issues been paid in full P K H and Piers tia
Here you go, the 32 minus 8
case 08 12229 MFW
This was far to BOBVIOUS to me, hit the $ and panic and they piled on and created even more.......
After all of this time who would sell here, now at 10-20 mill shares THEN ya worry not 1.2 mill less that a third of a % of issued come on really.
Sorry but if if if ya had to sell one thing if if if ya panicked guess ya have it coming, and I still don't feel this is over drop wise
Correct that 20.7B was listed as Retained Assets. Look it up and that's why I invested.
All be over soon good job everyone
We are all shorting the last few days an getting rich
The Great Bear Raid today.....Wealth transfer at its best... MM take the price down on measley 100 shares, then scoop up stops in big blocks....trading on Wall street at its finest.... DO Not Place stops on your stock...place a sell order at 10.00 or higher ..remember, you buy the Walnut, but inside kernel is what you want that has the value.... Lodas (fortune favors the bold)
They knew the truth from day one, that's why their still here. HUGE money coming sone.
144 hedgefugees are being told to get out of there positions and can't
keep up the Pressure short till thay get the truth
Let the MM's panic here, if there was eminent catastrophic news coming this would not be at 1.1 mill vol but 10 to 30 mill, imho this is NOT INVESTMENT ADVICE but let them freak themselves out here
along with their short buddies
Sorry but wrong. That "$20.7B" was accounted for by the Debtors and was never stated as the value of the Estate. If that was so then the Debtors could have easily paid off All Creditors and Prefs with the remaining estate going to Commons. If that was ever proven to the judge we would not be where we are now. You need to understand how bankruptcy courts work. There was never any EVIDENCE of such presented to MJW.
OK, I'll bite. When did you purchase your P's and how many? I'm just curious. BTW, did you pick up any Q's and K's?
get a notice then 180
DUH that is what this said A NOTICE THEN 180 to correct it or get delisted , dont KNIT pick I am well aware of the process
I dont think we will get a notice
I hope so bob, I'll probably be buying then too.
All the best to all the longs here, was just pointing out that consecutive days are accumulating.
I said notice of intent to...
No, No
$32B - $8B = $24B of WMI's reported BK filing assets, then minus some other stuff = ~$20.7B that was sold to JPM in the 363 Sale and recorded in the Feb 2012 MOR as RE/DCR.
You need to learn more about the 363 Sale.
It didn't need to be proven, or ruled-on in court, because it was recorded as testimony.
30 days under a $ ya get a notice then 180 NOT CORRECTING THE PROB THEN A DELIST aint gonna happen here IMHO
You're entitled and I am entitled as well to say I think your WRONG!!!!!!!!!!!!!.75 cents and this turns NORTH fast
I have been over that with Real, according to SEC takes at least 9 month & 2/3 for appeal period so about a year to be delisted
26 more days under a buck and it most surely WILL HAPPEN.
Nothing to do with that. 30 consecutive trading days = notice of NASDAQ's intent to delist WMIH
Show me where in the Confirmation hearings that $20.7 Billion was presented to THJMW. When Justin tried to infer the estate was worth $30 Bil, the judge stopped him in his tracks immediately. It was never proven in court,...that's where it really mattered.
YOU CAN NOT USE or show assets in a BK CASE not in the BK DEBTORS possession!!!!!!!!!!!!!!!!!!!!!!!!!!!! you get it HOTMEAT I know
The 363 Sale ?
What are you talking about> sale of what exactly and to who?
He is talking about a delisting thing which imho AINT GONNA HAPPEN
Prefs were NEVER classified as Common holders but rather PREFERRED EQUITY, big difference. The EC negotiated the agreement and encouraged all of Equity to release. Once one signed the Release, that signified they agreed to the terms, ie 75/25. Those that seek to revise history have yet to provide one shred of proof to the contrary.
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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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