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yup.. 1 coop for 1 uq is the only way a 'swap' like this would be considered F&R..
Yea it be ok if they gave us say one coop share for each old wamuq.. or something along those lines.. then one could just sell at any time .. but it wouldn't be fair and reasonable if we needed to trade 10 wamuq escrow / cusips or whatever for 1 coop.. in the end cash be best..
Hopefully it will be prediction 3!.. if there is truly nothing at the end one would think they could have wrapped up the bk case years ago!
30B back to us would be a nice present and a big step towards fair and reasonable..
he did another UW style switcheroo??.
we'd be lucky to see 10% of that 299B.. and hopefully that will be our F&R
sure feels like it.. every couple months.. some puny random claim pops up.. and more time is wasted
pretty much sums it up.
2019 is looking to be another dud year for us.. can only hope 2020 brings closure
exactly.. day by day.. this whole thing is delayed..
we really need to see an end soon.
So if bk is to close in next couple months, and we are lt beneficiaries.. hopefully we will get something soon..
Yup. A joke indeed. Hopefully we are near the end so the pain won't drag on much longer..
That's some messed up logic.. I guess we will see
Maybe if they hadn't r/s our shares and had just given us 1 to 1 for every old wmi common.. then yes the 'value' would be in coop.. but the way it is now . Legacy holders have been massively diluted and there is no f&r recovery unless all the billions show up at the end..
I wonder about this too.. sounds like it's something most of us peons don't have access to..
More like in the thousands of dollars pls.. would be f&r
I recall that day years ago when susman and the lawyers went in the chambers and people said Rosen came out stunned or something.. Justin Nelson also tried to vouch for us but was shot down by Walrath.. years later it's still not clear where our fair and reasonable is..
sounds like the buck stops at Class 18.. then why are the UW in 19?..
what would really suck is if they cancel our markers.. and suddenly they find an unexpected prize (bk remote assets) in the new year.. like the $30B that JPM found.
unless they big boys get some kind of under the table cheque..
why are they giving money away like that.. is this a charity???..
It can all end with a gigantic settlement that indicates all classes will be paid!
Soo... Will tomorrow be the day Rosen files to close?.. let's hope so.
any day now.. would be nice.. hopefully no more random 'claims' pop up that will delay BK closing any further..
Yea after all the reverse splits.. coop would need to be 100 times plus it's current price for legacy holders to be anywhere near F&R..
Another two months..
I'm doubtful we see funds next week but sure hope I'm wrong!
Sure hope so. All of us are ready for this to be done one way or another..
Should we be questioning our brokerages?..
yup anyday now... we use to wait like maybe 1 month at a time for any news.. now it feels like 1 season (3months) at a time!.. just end it already
After over a decade of waiting and pain , I think many of us just want a resolution soon.. hopefully something positive before Christmas..
i'm going to predict nothing happens but hope that I will be mistaken and pleasantly surprised..
a motion or whatever to close the BK by a set date would be nice..
I would gladly take these numbers any day now! Time for them to pay..
Not sure $89 more would reach F&R for most .. maybe $500 more!
Yea I can't even remember what happened at the last omnibus meeting either.. which was like at least couple months back? Month after Month these guys just keep delaying and wasting time
Sounds like it may be another yawner of a hearing..
Which would be a meteoric rise.. unless they try to move coop's price to the hundreds with more r/s, which would further dilute legacy holders of current COOP shares ..
Whatever it is.. hopefully Sept 26 will be something meaningful.. as it feels like the entire summer has gone by with no real developments other than bopfan trying to stick it to Rosen et al..
Maybe they will announce 'oops' that the waterfall has more water now and will make equity wet..
Yea the couple reverse splits really killed us.. we now hold like roughly 1/100 in COOP of what was previouely held in old wamu stocks.. in terms of number of shares..
Yes even $10b to make preferred whole and a little bit for legacy wamuq would be nice..