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SMH....because of posts like the one you referenced, I have little faith in much of the content presented on this board anymore.
that means waiting for another 14yrs M&A
Take it easy.
There's an audit committee with Willingham and Doreen Logan keeping eyes on things.
His not unfettered.
GLTY.
WMIH Corp. is based out of Seattle, WA and has some 4 employees and it's a SCAM
Where is all this coming from?
Make a call to DB. Let us know what they tell you.
UpTick
Yup you nailed it...While people are Fighting on these Boards...Real Fox is Stealing all the goodies and laughing all the way to the Banks ...WMIH would have been in nuch better shape had he paid us our Escrow income quarterly as was said in POR from 2013 on....Hmmmm...JMHO...Best
A Catalyst For WMI Holdings To Finally Begin Utilizing Their NOLs
Followers of the company know that KKR committed to making a significant investment in WMI in early 2014. KKR (NYSE:KKR) subsequently amended and added to that investment in January 2015, effectively taking control of the company. These transactions were structured as convertible preferred stock to allow the company to retain its valuable net operating losses (NOLs). These NOLs will shield $5.97 billion of earnings from federal income tax, a massive asset. These NOLs won't begin to expire until 2031, which gives WMI and KKR plenty of time to use them up.
Seeking Alpha
UpTick
DEUTSCHE BANK Is our TRUSTEE NOW....Their Job to claw back and Stop Kosturos from Robbing our LT....Not Me....JMHO...Best
So this guy is robbing you, and all escrow holders?
What are you, or anyone doing about this? Hopefully more than posting on message boards..
If I have a security guard that's supposed to protect my assets, and he doesn't, I surely wouldn't stand by and watch..
Why aren't you people shaking the DB tree?
Check William Kosturos's Management Assets...Linked is also helpful ...He Used to manage our Treasury WAMU...Then He Forgot the amount he Transferred to FDIC and JPMC....Now he is managing our LT Directly without Supervision nor our interruption...Paying $30 M in March from our LT income last March to IRS...Check the last 10q and March 10q ...You will see....How Much COMMISSION DID KOSTUROS MADE from our LT for the last 5 years???...Unknown...JMHO..Best
Wamushamu
William Kosturos is Part of EC Settlement Contract....JPM and FDIC wanted Their appointed FOX guarding the LT Hen House....DB as our Trustee MUST Remove this Man from our LT....That is when the Choke HOLD is OFF our Escrow Distributions.....And ..No .Ilene has no Power nor Role in this as far as I am aware....JMHO....Best
UncleBo
William KOSTUROS is a HUGE DANGER as our LT TREASURER ....He is making money over Feast in trading and investing the LT funds and Enjoying his Huge Commission....He is Hiding our Billions Hundreds of Billions under 5 or more investment Companies he owns....We have to Get all the LT Billions out of his hands and Distribute Escrows....Problem solved....JMHO...Best
Didn't read one post just saw my accounts were up about 2,000 today. Good luck to all tick tock
LOL,this does not belong in NASDAQ!
the old pump an dump wow this is all ready a penny stock
ReF: Well let me just say that we have a lot of big players involved, so If wmih cannot find a perfect fit, I think those players could make a perfect fit target by contributing some of their high income generating assets or high gain assets to a new corporation for stock and bring wmih under that umbrella to utilize the nols quicker and with greater certainty. Maybe wmih is getting some of those trust residuals . This might explain the three year time frame. Jmho
Comment:
WMIH most likely will be the acquirer. Reason, ownership change => 50% of the entity having the NOL's ( WMIH ) will trigger a limitation of eligible NOL's. In turn loss of value.
Key is to have unrestricted use in the $ 6 Billion NOL's. Thus a acquisition that is not defined as "Equity Exchange."
Preferred stock that is both:
1) No voting rights, and
2) No conversion to common stock.
Meets the qualification on "Non Equity Exchange."
Ref: Maybe wmih is getting some of those trust residuals . This might explain the three year time frame.
Comment:
Agree, those SPE / Trusts and captive "Retained Assets" have and will continue to out live the bankruptcy.
I must have missed this news KKR bought WAMU? when?
TELL that to the 143 HEDGE FUNDS, & institution holders who hold over 85 million shares & see what you get!!!!!!!!!! With 15 NEW POSITIONS, per NASDAQ
Wake up from your dream folks: WMIH is a FPOS
KKR is not in the charity business. KKR's business is making money and lots of it. WMIH was seen as a unique opportunity for making untold $$$$$$$$$s.
Well let me just say that we have a lot of big players involved, so If wmih cannot find a perfect fit, I think those players could make a perfect fit target by contributing some of their high income generating assets or high gain assets to a new corporation for stock and bring wmih under that umbrella to utilize the nols quicker and with greater certainty. Maybe wmih is getting some of those trust residuals . This might explain the three year time frame. Jmho
As I understand it Rosen is done with WaMu, but he will be "noticed" on documentation. He is busy now with restructuring of the Puerto Rico's debt...
Cheers,
Uncle Bo
Now that would really be a great transaction and a true multi-billion dollar deal which could utilize WMIHs $5.9 billion NOLs all at once, not over the years. This would be a Reverse Merger, right? But I think it would cause an ownership change and void the NOLs...
Oh I forgot, the NOLs are already gone, according to ron an AZCowboy
If KKR didn't enter this SPAC, someone else would have. Again, KKR isn't the only game in town.
WMIH was saught, it surely wasn't a worthless shell begging for help. Hence, KKRs interest.
Interesting, how would that benefit WMIH?
I'd say BOBVIOUSLY FORM A SLOW CERTAIN DEATH
You talk as if KKR is the only game in town, but we all know that's far from the truth. Is KKR a key player, yes, but they in no way saved WMIH, but rather saw value, and wanted to play ball.
Falling on their own sword? What exactly does that mean? Please, no play on words, or fortune cookie sayings.. What did KKR save WMIH from?
I have read that KKR is set up as a partnership , so anyone who buys shares of KKR are technically buying partnership units and can call themselves a partner. It has been estimated that KKR might sell for 7 -10 more per share if it was set up in corporate form. Perhaps KKR intends to use wmih to change its form while utilizing wmih tax attributes to accomplish this task with minimal tax consequences.
"""""""""""""""""WE""""""""""""""""""" ?? HMMMMMM
JPM bought WAMU, KKR bought in to WMIH.
KKR AND I ARE PARTNERS. Period. WMIH IS NOTHING WITHOUT US.
KKR Saved WMIH from falling in their own sword. Sure Ive known and been partners w Feorge and Henry for 12 + yrs. WMIH is old news even when KKR saved them from suicide.
Saved WMIH? From what?
This guy... Talking like he represents KKR. KKR has graced our chat board..lol.
Funny!
KKR saved WHIM. Admit it. Without the transaction WMIH WOULD CEASE TO EXIST. KKR OWES WMIH NOTHING. Believe me we have no interest in shorting illiquid assets nor do we care about WAMUs illiquid assets. When all you cheerleaders quit crying about your losses then we will sell WMIH at a premium. Until then cry all you want.
He is absolutely clueless, he thinks KKR bought WaMu and does not know that it was JPMC who bought the bank WMB in 2008 and KKR invested(!) in the reorganized holding company WMIH in 2013 and 2015. It seems to me it is the first time he read something about WMIH and wants to pretend he IS KKR himself
I have been around WMI/WMIH for 15/16 years & never rmember it being ZERO, lowest was .07, next day after BK Owned WMI before it was even a BANK.
doesn't really help, maybe it would have been better off not trading at all you act like KKR saved us? from what? zero in the end anyway? This went lower yesterday than before KKR even came along I think. yeah, we should be grateful it's back to where it was before they "saved us" I don't understand your reply.
what about if one does not have any money left? Sell the car or house?
Go away, you are not helpful
if thats the case why spend so much time here stating so?
time to close out and cover your short position while you still can. these constant posts make the intentions very transparent.
all in my opinion of course. ok back to lurking.
This is the time to buy to get back what has been lost.
KKR bought WAMU when it was worth zero. BOD positions or not: We have no obligation to update the shareholders or any other affiliates about ANYTHING. Without us you all would have nothing, zip, nada. At least WMIH trades. Give credit where its due. KKR staved off disaster whether you or anyone else cares to admit it.
Better cover that short, # of days to cover dropped from 20 to 9 for a reason!!
SEC soon going to move in on this SCAM
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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
WMI Equity Escrow Calculator
WMIH: Here's how old shares relate in value to the new shares.
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