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You just wasted a post!
Yes, coming up with a magic day would reveal itself to perhaps someone having insider knowledge and of course we can’t have that Martha Stewart so better to keep it general, but …The word, “soon” is such a wonderful adverb that encompasses everything and nothing at all..😊
JHD
~ "ppffftt", Really ?, the "When" ? is obviously still a secret', COOP's "When" Revealed Here ? ? ?, could be considered "insider knowledge" (duh) ~
... always good for a small chuckle' ... here ya go, ... When = Soon'
"COOP" will "Tell" (LOL, pun intended)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174278000
life lesson ! ! LOL', ... "the pea isn't under any of them" ... now, pay-up and move along ! ! LOL
just sayin'
AZ
When...lets see how good you are..When?
JHD
~ 2018' ol' cactus, 1st Time: "Watch The Newco WMIH / COOP It Is The "Tell" ... Now ?, 2024' ol' cactus, 2nd Time: "Watch The Newco WMIH / COOP It Is The "Tell" ... k ? ... ~
Make Sure That Your Brokerage (or bank, if used) Accounts Are All Up To Date; ... and Pay Attention (pun intended)
It Is My Opinion, that "COOP" will correct back to its original 100 million shares' ... reconstituting 36 million shares (ish) ... the final numbers will be perfect ! !
And', ... the Preferred Managing Sub' ! ! ... will settle up with the original' WMI Releasing Fixed Income Bonds' ... Separately ...
the SEC accounting filed and placed on the SEC site for this WMI Preferred Managing Sub, BOTH pre BK, and post reorganization is able to be reviewed by everyone' ... Showing the Cash In and the Cash Out Transactions, and I may add, ... "WELL BEYOND THE March 2012 WMI Plans Implementation" ...
The WMB Notes, ... are again, a Separate Consideration, and will transition with the Bank as described in the P&AA ... Oh, looked this morning, those WMB Bonds Are Doing Just Fine ! !
It Is My Opinion That, ... Things Are Gettin Better All The Time ...
"Abba Da Ayy"
just sayin'
AZ
"I have already posted and others have as well who XXXX is"
Then why not STOP using XXXX, and just state the name in your posts?
We can always add suck up to yours…I have already posted and others have as well who XXXX is…..however…..your mentor keeps posting it like a carrot in front of you so you can continue to drink his koolaid….fabrication is what you and cactus do….why not just ask him to reveal who XXXX is and see what happens…since he is the only one who claims to receive a distribution….and friends with a bk administrator Doreen and the inner circle with Gallagher….
Split
"" I just don't believe that would happen as those Institutions that own the Majority of COOP would have a cow."""
ORRRRRRRRRR they would jump for JOY and buy hand over fist everything they could get their hands ON , PLUSSSSSSSSSSSSSSS I still believe they will short at these highs and will make money going DOWN and then MAKE MONEY WHEN IT GOES RIGHT BACK up, as I have suggested before.......
Nobody is gonna change anything so we all just have to wait
So we will add fabricator to your moniker.
Maybe someday you will figure out XXXX all on your own?
Nope, as DD is not your game free rider...
Enjoy the lack of response to the zero value add you bring.
You will contact COOP so that they explain the content of a 4 year old filing to you regarding the distribution of some COOP shares by the LT?
Good luck
I KNOW THEY DON'T TOUCH ANYTHING I PROVIDE WITH A LINK.
Split... just watch Paladin,IMO. COOP is KKR's and other creditors and whoever bought after reorganized. ARLTA is not a public document.JMO.WAMU RECEIVERSHIP IS OPEN.THERE IS TOO MUCH MONEY AND POSSIBILITY OF TOO MUCH CORRUPTION.
so far, after 15 years, no one expecting a return from the chapter 11 or assets held by WMI, now WMIH has produced ONE OFFICIAL WORD FROM ANY AGENCY CONNECTED TO THIS AFFAIR that WMI, WMIH, FDIC, JPM will return money for escrows, preferred stock, common stock.......period.... it is all speculation, gut feelings, dot connecting, common sense, and wishful thinking and hope...., and worst of all drinking kool-aid mixed by the great gurus AZC, Boris, ron, LG, BBAN, xoom.goodie, milkduds, bizreader, and some others.....the theory is that WMI cancelled the common and preferred as necessary to close the chapter 11, but somehow these assets will return post chapter 11 to holders of escrows, or because former shareholders "own the estate".... if this is your belief, then to be credible, you must prove your assertions by documents !!!!!..... where are these documents?... failure to produce evidence proving your assertions is just "hog wash".... so lets start with the big cheese, AZCowboy:.... where are the documents that say there is a preferred managing sub, when WMI stated officially that all common, and preferred shares were cancelled and extinguished?....where is the documents of this docket that any lawsuit will be, or has been adjudicated into law that WMI will go to court to retrieve assets taken from them illegally, when the 2013 10-K states there are no on going court cases??..where does it say WMIH has to issue post chapter 11 shares to make former shareholders "whole again"?....where is your proof that CWG e-mail from Doreen Logan was bogus?....what is your opinion about the statement that WMIH made that "all TITLE TO ASSETS BELONG TO WMIH, FDIC, AND JPM?.... what is your opinion when WMI stated classes 19, and 22 are "IMPAIRED FROM FURTHER RECOVERY"?....is it your contention that WMI is still extant behind some SEC allowed reporting scheme to hide unreported assets from shareholders by using XXXX, and the SEC is allowing this?... where are the documents that stipulate this assertion?....dont answer my post with ascerbic remarks, but with documents to the ABOVE ASSERTIONS THAT YOU HAVE CONTINUALLY MADE OVER THE YEARS...............Lodas
Tax problem is best solved if they give P for P.
Split t. It may be that 2.5b comes to COOP from Libor if the Wamu estate gets 100b.
So Fdic sues for 400b. Settles for 200b. Wamu gets 100b. COOP gets its 2.5% and issues those shares without affecting SP.
Hmmmmm.
Hey Zoom, My gut is telling me we may see the PPS hit $82+, at some moment on the 24th as exuberance will cause people to jump in on some expected good news. The Mark to Market trend is extended for a couple more quarters IMO. I believe that COOP was hedged well in the first quarter and will continue that trend in the 2nd Quarter as I suspect BlackRock, their ESG mentor, is whispering in their ear.
Why….if this drops to 50.00 or even 25.00…..then I would buy more because it will stay that low for long….
Clinton, I have asked myself several times what would happen if the 36,000,000 shares did come back to old Commons and the priced drops to $50.00 as you and others have suggested. I just don't believe that would happen as those Institutions that own the Majority of COOP would have a cow. I personally lean towards a huge increase in Equity value showing up of about $2.88 Billion+ that would offset the increase in shares while sightly increasing the PPS of COOP from it's present $77.50. When An entity or entities are buying 120,000 shares at $77.55 as they did at close on Friday It's hard for me to believe that smart money is will to take a hit of $27.,55 in the very near future. I closely watch this Monster each night after hours and it is heavily manipulated day in and day out. If the PPS drops to $50.00 I may have two cows. lol
Have a great weekend, or what's left of it. Good luck to you and your family.
And hopefully more than just this one bucket of beneficial interests to follow.
The funny part I do not need your validation…..I for one never claimed I was an accredited investor or OG or claimed to be friends with Doreen or Gallagher or claim to be the smartest investor….even believe in cactus and predictability even drink his koolaid like you do…..maybe you need cactus’s validation….to each his own….it is ok if you want him to validate your existence….the more power to you…..
Who here believes this statement?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174148400
Pickstocks: 725275
Zero credibility, will your pal the fan installer come to save you? Will he back you? Nope. Because he also knows Mr. Infatuation is telling a story.
Come now. Claim its all true picky. State it again for us.. back up your post.
Yes $1.5 ish for each legacy UQ , pre 2012 reorg
Lets say somebody had 500,000 original UQ shares.
After the 2012 reorg, that was reverse split into
500, 000 * 0.03 = 15,000 WMIH commons
(Same conversion used in a potential transaction
1,200,000,000 total UQ released commons * 0.03 = 36,000,000 shares)
So presuming you get new COOP shares matching the above share count and COOP pps is say $50, total new value = 15,000 * $ 50 = $750,000
But when you consider your original count of UQ was 500,000 then value per UQ ( not per WMIH) is
$750,000 / 500,000 = $1.5 per UQ
IN SATISFACTION OF CANCELLED EQUITY IN EXCHANGE FOR LIQUIDATING TRUST INTERESTS - IRS FORM 8937
PAGE 4/5
https://s1.q4cdn.com/275823140/files/doc_downloads/irw/IRS_forms_8937/Mr.-Cooper-Group-WMI-Liquidating-Trust-Disputed-Equity-Escrow-distributions.pdf
WHAT DID THEY DO WITH THE ASSETS?.WHERE ARE THOSE LIQUIDATING TRUST INTERESTS?.I WILL CONTACT COOP TO CHECK ON THIS FORM.DID THEY LIE?.I DON'T THINK SO.NEW TICKER SOON,IMO.
If 500,000,000 shares return to original common share owners. Then we would receive. .41667 new common shares per original each origional Q. And x 50.00 per each new share or 20.93 per original q share. Doing my best napkin math. Someone help me out here.
Or 36,000 000 shares devided proportionately by 1.2 billion shares is .03 shares per origional Q x 50.00 or 1.50 per origional released Q.
Thanks for the heads up, AZ! Good shizz
"To compare the legal descriptions of WMI (Washington Mutual, Inc.) as of 2008 and 2023, and WMIH, we need to look at the evolution of these entities over time, especially considering significant events such as Washington Mutual's bankruptcy in 2008.
### Washington Mutual, Inc. (WMI)
**As of 2008:**
Washington Mutual, Inc. was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until its collapse in September 2008. It was heavily involved in the mortgage banking industry.
**As of 2023:**
After its collapse, the assets of Washington Mutual Bank were sold to JPMorgan Chase by the Federal Deposit Insurance Corporation (FDIC). Washington Mutual, Inc. itself, which was left with liabilities and few assets, was dissolved as part of the bankruptcy process. The entity ceased to exist in its previous form and its remaining operations and assets were liquidated or absorbed by other entities.
### WMIH Corp. (formerly known as WMI Holdings Corp.)
**As of 2008:**
WMIH Corp., as part of Washington Mutual, didn't exist separately in 2008. It later emerged from the remnants of Washington Mutual, Inc. after its bankruptcy proceedings.
**As of 2023:**
WMIH Corp. has undergone significant transformations. It became a component of the reorganized entity post-Washington Mutual's bankruptcy. It later merged with Nationstar Mortgage to form Mr. Cooper Group Inc., which is primarily engaged in the servicing and origination of mortgage loans. This merger represents a shift from WMIH's previous role as a holding entity managing residual assets.
To provide a thorough and accurate comparison, I might need to access specific legal documents or more detailed historical records. If you need further detailed legal descriptions or documents, accessing databases like PACER (Public Access to Court Electronic Records) in the U.S., which provides access to federal court documents, might be necessary."
OpenAI ChatGPT
I think we're going to probably end up getting into predictions with the software so in a few years I'll literally be able to get a likelihood percentage based on human behavior: past performance, current trends, and it'll give me a percentage of likelihood of getting paid within a given number of months.... This is my prediction.
I'd like to compare the current and past legal descriptions of WMI, as of 2008 and 2023.
I'd like to see the same for WMIH.
Yes….as big money predictions are to be revealed soon……or new predictions to be made moving the goal posts….
Yes….you already posted you sold your shares at 50.00….and that coop was no longer the tell….your words….now the pps has gone beyond what you could have imagined you are now claiming you bought back in….and coop is the tell again….lol…you just can not make this up…
C’mon lodas….he is an accredited investor and an OG and is in the circle of Doreen who provides him inside information and a pal to Gallagher….if he reveals XXXX he can go to jail…..he claims to read all and has yet to be right on anything…as he states soon only for the last 15 years….
Still using XXXX as if it is not known….maybe people will continue to drink the koolaid you offer….just laughable…
AZ. Celebrate today with a vette ride. Say hi to Alice Cooper for me.
We are very close to big news brutha.
~ hmmmm, ... All The WMI SEC Submissions, and the WMI Chapter 11 Docket, and COOPs Filings, were and are Available To Everyone ! ! ~
~ Nice Quote', Needs a mr cooper group' Bump' as the "predictables" show up ! ~
now ? they are denying the actual docket ? ... wow' ... LOL'
this post is bull sh*t, and is full up to your boots..... read the WMIH 2013 10-K..... WMIH states on record to the SEC, by independent auditors, 1 year after the chapter 11 closed that..... "wmih presently has no court cases to retrieve former assets". !!!!!!!... that was 11years ago, and WMI, now WMIH has not filed any lawsuits in connection to retrieve any assets taken from them.... the GSA allowed WMI 6.5 billion dollars , plus 5.98 billion in NOLS for abandonment of their assets taken by the FDIC, and all cross claims against each other were given releases for their claims.... JPM got 600 million for MBS soured put back loans, WMI got 6.5 billion to abandon the equity stock in WAMU, plus the NOLS in exchange for the abandonment of its 20.7 billion in shareholders retained earnings...WMI tried to sue the FDIC for illegal confiscation of assets, but the case was denied because WMI could not substantiate certain claims that were made... The case before judge collyer was stayed, pending the outcome of the results of the GSA hearings.. no ruling on the case was ever made when the GSA agreement was ratified...you are not a shareholder in WAMU, with no rights to any assets of WMIH.... it says in the chapter 11 closing that , "Title to all assets belong to WMIH, FDIC, and JPM..." in closing my post, I note that many of your statements have question marks, hyphens, etc., as if you are unsure of your statements... post a link to this so called preferred managing sub, when WMI stated that common equity and preferred shares were "cancelled, extinguished, and all rights to the prospectus is null and void....are you suggesting that WMI was lying when they made that official statement?. and that these instruments are still, or will continue to be paid out?....by what mechanism can WMI cancel these equity instruments, and still pay them on another venue?....your posts are bogus , and filled with hype, and innuendo made to taste good to the kool-aid drinkers, but without links, they are hearsay... Lodas
AZCowboy, thank you very much for your thoughts. Rock on ol’ cactus.
Nd9
Thanks AZ
Kay loved reading your posts and she could understand them better than I could. She is fine now and in her mansion.
Semper Fi
Here's a question ol'cactus since you claim to have read alllll and I have not! did the agreement explicitly address the ownership of undiscovered assets.if it didn't Hmmm? and if they did then would the FDIC be held accountable or could the FDIC use the terminology under stringent circumstances
Abba Da Ayy, heheheh
Have a great day people-Ts
~ Yep No Kidding Right ? ... Its Been A Long Trail' ... Re the COOP 36m Shares ? ~
... well, I believe that the actual, WMI to the WMIH "Preferred Managing Sub" will quite easily financially take care of the WMI P' Bond Fixed Income Releasing Owners. ... and the reconstituted 36m COOP shares, will be dispersed back to the original owners of the WMI Holding Company' ... the WMI Commons' ... wamuq
I see a released WMI common and a WMI released P ... as completely different, and NOT able to be ratio divisible ... the wmi-lt confused some ?, but, not all' LOL
(sorry about Kay)
just sayin'
AZ
~ ND9', Hello to You and Yours ! ! ! ... My VERY, VERY STRONG Opinion, is a Separation of what has been postured here Re:COOP, is necessary ! ~
My conclusions have lead me to completely believe that ... An Original Released WMI "P" Preferred, Maintains its connection to the WMI Preferred Managing Sub, able to be studied BOTH pre WMI's Chapter 11 filing, as well as Post the WMI Reorganization as the WMIH Preferred Managing Sub ... period ... those accounting documents are on the SEC site' ... simply and conveniently ignored' ... as I have posted, that sub was used to pay KKR's preferred offering 3% quarterly coupon of $18 million, ... and then' ... the Paying Off of the Run-Off Notes' ... the Cash Inbound to that Sub', Has Not Ever Stopped ... ! ! ... so, Yes a "fair and equitable" result to an original releasing P' holder. (the word was equitable' ... not reasonable)
COOPs preferreds are merely a normal format ... and have zero to do with the WMI Original Releasing Owners ... remember COOP came many years after the fact' back in 2018 ...
"COOP" will make the first move in my opinion, ... as stated' ... and then ? (XXXX) Will Release The Kraken' ... returns from many areas' ... All we need COOP to do ? is to NOT ALLOW its pps to drop below the $50.00 pps threshold' ...
just sayin'
AZ
Cactus has been saying this crap for years another 5-never will not matter…..
Thanks AZ. Finally getting paid for Project Eclipse as outlined in the 2018 filing. I thought this payment would take a few months not 5 years! Boy was I wrong. How will the the 36 M shares be distributed and to whom? Project Eclipse stated shares for assets. I believe the assets are the new MSRs Coop has finally added.
Semper Fi
AZCowboy, and do former P holders get issues new preferred’s and cash? If new preferreds are issued, are they for coop or xxxx?
Thanks
Nd9
👉👉👉Nice >120k BUY at the close yesterday
~ Yes, It Is Aways Imperative That an Investor Keep His Credentials in order With Their Broker or Bank ~
... It falls under the simple directive of simply "Being Responsible" ...
It is my opinion, and my conclusion, that "COOP" will reconstitute roughly the 36 million "common shares" that COOP has repurchased, returning COOP back to approximately the original 100 million shares ... reconstituting those 36 million shares, back to the original releasing owners of the Reorganized WMI Holding Company. ... and within the obvious controlling pps mechanism being used, will not allow for a diluted effect to lower the "COOP" pps to fall below the $50.00 threshold, which is necessary to maintain control of the "Debt Structure" that was NOT included in the Chapter 11' ...
... Many, Many Heartfelt Thanks goes to JB92106 and DarkB4, for the fine tuning of these numbers ... ($75 pps ish, dropping a third back to $50.00 ish' = to the reconstituting of 36m shares, back to 100m shares' ... )
Once completed, (XXXX) will bust through the door, ... and "COOP" will relinquish its SEC position as merely the allowed ... "registrant" ... 10-K reporting with merely one operational sub' ... toooo funny', ... that ? has always been hilarious'
now watch as 36k', hurts an arm patting on the back, and taking credit' ... ! ! LOL ... the wmi-lt is not any part of anything anymore' ... 36k is simply a kool-aid stand owner
... COOP goes first with the share correction' ... in my opinion
just sayin'
AZ
AZ, we have heard all this and more before....the million dollar question is when will the money start flowing to the ones that released?
WMI DBA WAMU bank was injured by LIBOR as tit was the sole owner of the WAMU Banks and numerous other subsidiaries that were harmed by the bogus interest rates charged by various lenders as well as the Federal Home Loan association that they borrowed from that based their lendinding rates on LIBOR.
For years every person or entity that borrowed money was shafted by paying higher bogus interest rates on all loans that were base off of LIBOR.
The whiners here that sold or didn't release shares are some of the most bitter and jealous souls on earth as they have nothing coming back. I know of one here who managed his wife's alleged 19,000 shares of WAMPQ's and sold out early and therefore didn't receive any Escrow shares. I can't imagine what my wife would do or say if she learned a Mega payout was happening to those that had signed a release and received Escrow shares.
Hi AZ, some folks are being asked to update their beneficiary info within their profiles by their brokers. Timing is uncanny. Seems we are very very close. Also Gorilla XXXX may want to feast on all the available cheese asap.
GLTA
~ "COOP" has always provided for a good time ever since 2018, whether making available pps profit ?, or, some hilarious narrative' ... from the ad-hoc that believes the wmi-lt's pr's and timely and time dated' filings, still matters ?, (they don't) ... or, to those other ad-hoc(s) that profess "nothing is coming back" ... a comedy club ! ! for fun and a good laugh' ...
Thanks "COOP' for all of the laughs' ! ! ... and', ... for all of the beautiful profit taking that COOP made possible', beginning in 2018', to settle out ones WaMu expenses, from the single digit pps, and up ...
ol' cactus is very glad to have released P's, K's, and common share uq's, ... as well as the DIRECT Purchase Ownership of WMB Notes' :) :) :)
just sayin'
AZ
~ Good Morning, ... Lot's of "COOP" "Board" Activity Lately' LOL ~
As all of this, finally comes to a head, ... ? ... The "Following" was the Court Approved Completion of the Settlement Agreement Placed on the Actual Docket, between the FDIC and WMI ! !
yepperini, ol'cactus ... read the GSA between the FDIC and WMI', with JPMC allowed as an intervenor if necessary, (JPMC NEVER Exercised that Allowance) ... and, more importantly ! ! ... then, followed the GSA through to the Implementation of the actual GSA' Settlement' ... and the completion (9901)
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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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