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Cura, interesting post as it kind of aligns with what I think. Care to share what makes you come to this conclusion?
Thank you
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Boris, you wrote the following post which is spot-on correct and says it all!
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Just remember the hedgies are the cavalry. They will charge when the timing is right.
Anyone who thinks they've thrown in the towel is sorely mistaken.
They know something.
Their silence is deafening.
And of yeah, the UWs always send teams of lawyers to meaningless hearings where there is no money involved.
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March 19, 2012 was the (ED) Effective Date when there was an Ownership Change that would carry through whether Safe Harbor or not while ALL preferred and common prospectuses were canceled including all associated docs.
So for every dollar worth of assets 75% will go to timely signed preferred released investors and 25% will go to timely signed released common stock investors.
This is my view based on what I think I have learned over time.
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What should have propelled coop’s price much, much higher was retiring almost 20 some million coop shares.
It appears this did nothing or very little for price appreciation not to mention all of the hugely profitable quarters/years.
Also, coop has never been close to the so called financial analysis views of price always staying way under.
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Very simply Ron.
DST (s) will play a major role in whatever distributions we eventually see.
The trigger is anyone’s educated guess is as good as mine.
Enough said!
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Stox, all I can say for sure is the price of WMIH/COOP has obviously been held down with much lower prices since April of year 2012.
So, it appears the $50.00 dollar mark has been purposely kept just out of reach. Now, letting coop close at $49.99 to me is obviously purposeful and I believe the Powers-that-be are laughing their xss off.
Now could the closing price of $50.00 be some sort of trigger…well it fits into my timeline if it happens for an 8K filing by coop showing us something we have been looking for, for many years.
My timeline for this coop 8K filing is imminent to the 21 of July, 2023 based on some things I MAY have learned.
Only time passing and filings will show us the way forward.
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COOP closed at $49.99 and they are laughing their xsses off...hehehhe
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Cura, any point in this client agreement you care to discuss and/or highlight?
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Stox, I think ultimately all investors who released by 3/2012 will be happy with the returns considering money never sleeps and it has been since 3/2012. Only time passing and filings will show us the way forward.
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Newflow, I was trusted not to put out however, if it happens, we should see it several days ahead of 7/21, I would think.
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Stox, yes, DD is still intact for a potential 8-K/ Event up to July 21, 2023.
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SPIKED Opium worms ONLY…NOW AGING for best results
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Once we were abandoned, I believe that was the legal issue to allow us distributions so let’s have at it now JG Wentworth
Redneck Rivera can be fun coupled with beautiful beaches along with low rent and high rent districts so something for Bums, Losers, Criminals, Hoes and more
This. potential rumors makes absolute sense when one thinks about all the banks ready to fail and load up the FDIC criminals with more than they can handle
This also probably means something far worse than year 2008 meltdown will happen within six months to a year..,maybe much less
BanjoBob can get his Hulu dress ready with all he new recipes
Ready for fun in the Sun
Shutting us down would be wonderful as long as it is in our lifetime…How about shutdown being imminent?
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Boarddork, which Bonds are you referring to that you discussed in your post?
Are they CUSSIP numbers that follow? If so, please explain as these are the five bond flavors of Subordinated Debt that make up around 15B
1) 93933WACO
2) 93933VAS7
3) 93933VBA5
4) 93933WAB2
5) 93933WAA4
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Expecting a COOP 8K filing - Imminently and/or up to July 21, 2023 POSSIBLY suggesting information regarding investors who signed timely releases by 3/2012.
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LP, no because due to a very fluid situation the date has been moved out to July 21, 2023. I reported this in one of my recent posts in the last day or two.
However, I still believe an 8K is imminent or between now and 7/21.
The information I have is public information that most people would not look at or decipher.
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Sure looks like they are still keeping COOP from going above $50.00. Possible potential strike price NOT on record yet for another potential transaction...who knows for sure but time passing and filings will show us the way forward
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RD, I already responded to you publicly on IHUB why I will not disclose until after July 21, 2023, and/or when the potential filing happens.
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Cura? What part of this do you want to emphasize?
I advised I would not share details until after the fact or certain dates passed due to potential issues.
There is no exact proof the POTENTIAL info pertains to those of us who signed timely releases, but some of us think it does.
As I always say, only time passing and filings will show us the way forward.
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xoom, I know Denny is a very good person and business planner. This would require a positive can-do attitude and keen decision making which requires looking at both sides equally while evaluating the facts and much more.
Just with these first points, your candidate would fail miserably.
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Denny, thank you for your kind words and I wish you the VERY BEST with your new endeavor!
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CONNECTING THE DOTS - This is all we can do is try to make sense of a case that has over 800 court-sealed and redacted documents - Some info I come across is liquid and constantly changing, so the info I share will also change accordingly. For those who cannot handle, I have suggested before and will again, place me on ignore and move on
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As subject matter expert and Certified Bank Auditor, CBA09 advised before mysteriously disappearing, we may have to wait until the "R" is officially closed/terminated
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I still believe this coming week is very important and still very ripe for a COOP 8K filing possibly showing more of what we have been looking for since this travesty started however, there is some new information that could move this sweet spot out until July 21, 2023.
Ultimately, if nothing happens, I will share the PUBLIC information I have found that led me to believe a COOP 8K is imminent BUT NOT BEFORE July 21, 2023. Now this information that could lead to a COOP 8K COULD ALSO be about something we are totally unaware of and NOT connected to what we are looking for to happen. I believe the information is strong enough to merit an 8K filing, so we shall soon find out.
Like I always say, ONLY time passing and filings will show us the way forward.
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stox, regardless of what happens or DOES NOT happen, this WaMu travesty will NOT BE OVER until the FDIC is OFFICIALLY released and the Receivership is OFFICIALLY TERMINATED/CLOSED
As subject matter expert and Certified Bank Auditor, CBA09 advised before mysteriously disappearing, we may have to wait until the "R" is officially closed/terminated
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Yes, still have a good reason to believe a COOP Material Event is imminent.
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BINGO!
I think if and when the filing arrives showing coop issuing shares to those who signed timely releases by 3/2012, does it include value associated with the filing? Huge question!
1) My answer would be if coop issues shares they MUST show what they are buying and from who due to being a public traded company
2) Unless coop is being taken private by say a DST called WMI who is owned BENEFICIALLY by those investors who signed timely releases and because WMI is non-public, it does not have to file disclosures like public traded corporations.
Then there would be a premium to take private around $55.00 or $60.00 a share in my view which would be way undervalued in my view
3) The other potential action would be for coop to issue shares and a delayed filing showing what those shares are for which would temporarily sink the price of coop due to dilution however, to me, this would seem nefarious and bring a huge spotlight which we know they do not want
4) Personally, I hope for number two to happen as those investors who signed timely releases would be receiving value in the (coop) company taken private
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Milk Duds, now that is a LARGE STYLE BINGO
Great assessment!
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OR if the 80 plus year old was working in a negative capacity possibly due to potential forth-coming information sometime this month, he was told a month or two ago that he would need to go silent.
Was the following POSSIBLY PREPLANNED for a KNOWN COMING EVENT?
1) Purposely told people many, many times he is an 80-plus-year-old man
2) He also let everyone know he was an educated subject matter experienced player in OPTIONS
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There has always seemed to me that coop equity price has always been kept very low for reason.
This may have to do with possible shares issued to those who signed timely releases such as preferred shares that the Players would want a very low strike-price of coop to convert preferred into commons.
To this point, this could explain why coop has always been held down…until those shares are issued and/or the strike price has been determined.
Maybe that is what just happened recently to explain why they have allowed coop to approach $50.00 again with the looks of going much higher.
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[b]Swami, thanks so much for the response and one could deem a potential silver lining but only time passing and filings will show us the way forward.
Take care and let’s hope for the best possible outcome.
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Thanks Bbanbob and thank you Swami as I would like to see how ETrade responded to you. Hopefully they shed some light on potential distributions
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PROOF OF DST IN AMENDED POR 7 MEANS ASSETS CAN NOT HAVE ANY OTHER MEANING
***KISS***KISS***KISS***KEEP IT SIMPLE STUPID***
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As set forth in the Confirmation Order, the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq.
Amended POR 7 signed by the court on 2/23/2012
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One cannot open a DST without assets...YES IT IS THAT SIMPLE however there can be an argument made for how much, when but there cannot be ANY argument to those investors who signed timely releases who own the former WaMu Estate by signing timely releases by 3/2012 and will be BENEFICIARY RECIPIENTS OF THE DST WHEN THE MOVE FORWARD HAPPENS
I look for a COOP Material Event between NOW and the end of June but more precisely between NOW and June 16, 2023 further giving some details to our timely-signed releases by 3/2012, so I will further guess that the 8K filing happens on June 12, 2023.
This is not over until the FDIC has been released and the "R" is terminated and/or closed.
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The WaMu travesty is not over until the FDIC has been released and the "R" is terminated and/or closed.
All one has to know is that all it takes are a few signatures releasing the Perps and Big Money MAY flow but UNTIL the aforementioned happens, THIS IS NOT OVER.
Also, remember the Perps want to ensure they were the VERY last in line (tranche 4) where they controlled the Piers (part equity, part creditor) so they could receive ALL PURPOSEFUL LEFTOVERS under their original plans AND there would have been NO ONE LEFT to see the purposeful and legalized leftover theft, HOWEVER, they were caught!
Now we are riding their coattails (per Judge Walrath) waiting for the correct timing for distributions.
WMI became a DST the first week of March year 2012 and is not to be confused with WMILT (canceled on 12/31/2021) which number six of the seven deadly sins to ensure the legality of a DST is to ensure the pre-agreed timeframe for distributions is met.
NOTE: A DST CANNOT BE OPENED UNLESS THERE ARE ASSETS!
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***The Following Post Becomes MUCH MORE Relevant Now***
Think how the following fits in with the investors who signed timely (by 3/2012) releases AND how our BENEFICIAL OWNERSHIP INTERESTS play into the final closing of WMIH/NSM merger and/or as NSM CEO Jay Bray said they will be buying assets and not necessarily platform companies
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Timing-Good Time for Review-JPM Did NOT Purchase 615 Billion in Loans
Investigator Bill Paatalo: Why JPMorgan Chase did not purchase $615 Billion of WaMu Loans
https://bpinvestigativeagency.com/why-jpmorgan-chase-did-not-purchase-ownership-of-615b-worth-of-wamu-loans-in-three-simple-steps/
Investigator Bill Paatalo questions the practice of using “Substitution of Trustees”. Paatalo points out that WMAAC and WMMSC have never been dissolved and still exist. Although the loans did not go through the FDIC, Chase executes assignments from the FDIC in order to substitute trustees. In this article Paatalo demonstrates that JPMorgan Chase did not purchase ownership of $615 billion in Washington Mutal loans in three simple steps.
Please visit Bill Paatalos’s informative blog at
http://www.bpinvestigativeagency.com
Bill Paatalo has investigated and exposed the fraudulent WaMu/FDIC/JPMorgan Chase fraud and is one of the most talented foreclosure fraud investigators in the country.
Posted by Bill Paatalo on Jul 24, 2017
Here is a simple “3-step Analysis” to show that “ownership” of at least $615,000,000,000.00 (over half a TRILLION Dollars!) of WaMu loans were not purchased by JPMorgan Chase from the FDIC.
STEP 1:
The U.S. Senate Sub-Committee (Levin – Coburn Report) reveals in its findings of fact that WaMu sold and securitized at least $615B of residential mortgage loans through its subsidiaries “WaMu Asset Acceptance Corporation” and “Washington Mutual Mortgage Securities Corporation” who acted as “Depositors” in the securitization transactions.
https://www.hsgac.senate.gov/subcommittees/investigations/media/senate-investigations-subcommittee-releases-levin-coburn-report-on-the-financial-crisis
Pg. 116 –
From 2000 to 2007, Washington Mutual and Long Beach securitized at least $77 billion in subprime and home equity loans. WaMu also sold or securitized at least $115 billion in Option ARM loans. Between 2000 and 2008, Washington Mutual sold over $500 billion in loans to Fannie Mae and Freddie Mac, accounting for more than a quarter of every dollar in loans WaMu originated.
Pg. 119 –
“WaMu Capital Corp. acted as an underwriter of securitization transactions generally involving Washington Mutual Mortgage Securities Corp. or WaMu Asset Acceptance Corp. Generally, one of the two entities would sell loans into a securitization trust in exchange for securities backed by the loans in question, and WaMu Capital Corp. would then underwrite the securities consistent with industry standards.
STEP 2:
See: Page 2. – PAA – (click here: FDIC-Chase – PAA)
“Assets” means all assets of the Failed Bank purchased pursuant to Section 3.1. Assets owned by Subsidiaries of the Failed Bank are not “Assets” within the meaning of this definition.”
STEP 3:
In the case of Fox v. JPMorgan Chase, a specific REMIC Trust is named in the action. To prevail on its argument that the loan was sold and transferred to the Trust, JPMorgan Chase and U.S. Bank, N.A. as Trustee, both admitted / “stipulated” that the loan contained both investor codes “AO1? and “369” in the loan transfer history, which means the loan was sold by Washington Mutual Bank to the subsidiaries prior to those subsidiaries transferring the loan into the Trust. AND, it was stipulated that the loan was NOT PURCHASED FROM THE FDIC.
(Click here: Chase Stipulated Fact – AO1 – WMAAC)
Stipulated Facts:
“8. Investor Code AO1 in the Loan Transfer History File represents WaMu Asset Acceptance Corporation.”
“9. Investor Code 369 in the Loan Transfer History File represents Washington Mutual Mortgage Securities Corporation.”
“10. JPMorgan Chase Bank, N.A. did not purchase the loan from the Federal Deposit Insurance Corporation.”
In the Fox case, “JPMorgan Chase” and “U.S. Bank as Trustee,” have taken a position that universally applies to all $615B of these securitized loans.
Each one of these loan transactions will show either the investor code “AO1,” “369,” or both somewhere in the “Loan Transfer History” screenshots within the servicing system, and as such, the loans were not purchased from the FDIC.
The presumptions that Chase has relied upon in order to maintain its position in thousands of foreclosure proceedings that (1) it acquired the loans through the PAA, and (2) the assignments of beneficial-ownership interests to the loans unto itself as “attorney-in-fact” for the FDIC have now been debunked by its own admissions! Unless of course, you were to believe in the [1/1,000,000] proposition that the Fox loan was the only loan not included in the receivership.
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PACER FILING FOR UWBKQ
744
May 26, 2023
Certificate of Non-Contested Matter Filed by Simon E. Rodriguez on behalf of Simon E. Rodriguez (related document(s):742 Application for Compensation). (Rodriguez, Simon) (Entered: 05/26/2023)
Main Document
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The ONLY thing you have proven is you verify with documents that have been denied in previous PORs thus cherry-picking what works for you.
Try utilizing ONLY documents FOUND in Amended POR 7 signed by the court on 2/23/2012 and NOTHING else as it does not comply with the court.
Also, when using ONLY Amended POR 7, show the forum where you found the docs proving your point, otherwise do NOT waste the forum's time.
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