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They’re in the Caymans
They’re with the Preferred vacationing in the Caymans. Silly Rabbit, Trix are for kids!
Lodas, I think you’ll need to reread the Purchase and Assumption Agreement. “assets of the Assets are not part of the Agreement.” Also reread the Disclaimers in WAMU ASSETS ACCEPTANCE CORPS. What you stated is not correct. Also, WMI is still the owner of the Equity Interest of the businesses that are still in business and earning interest on a daily basis. Right after the exiting of bankruptcy there was $26,701,895,190.00 in asset’s money listed on the ABS-15G Form. Do you really think $1,888,000,000. “Reinstatement fees” pays for 26 Billion dollars in cash. JPMorgan paid $1.888 Billion in reinstatement fees not a purchase dollar amount for the Assets. Over the years the wording has changed but in the beginning, that’s the way the agreement was worded. I’ve spent the last 13 and half years reading and researching what I own.
Biz, Is that your synopsis after reading the filings or just your opinion? Can you elaborate please? Thank You.
Appaloosa, Center Bridge, Owl Creek and Aurelius also traded on Inside Non Public Information, I don’t see you harping all over them. JPMORGAN also had an NDA and they were working the back channels with the FDIC.
Still, maybe so but he also helped many understand the procedures and actions that the company was performing. The good he brought out ways the bragging, hands down any day. Not to mention, he was telling all on this board that COOP was the tell way before many caught on and many totally missed the boat. I do give him credit where credit is due. I believe that people including yourself should move on from the NDA and the bragging about the money he made. It’s has gotten really old and boring. Also it sounds like he’s being hated for making a lot of money while many didn’t listen and just sat around moping, complaining and arguing amongst each other. I feel the same about AYA being called the Coffee Lady, I think that’s rude and offensive when she has shown that she has more balls than many here on this and the other boards by going up against Rosen and the Bankruptcy Court Judge. How many did that? Many have talked a good game but no one stepped up to the plate and for that she’s being ridiculed. I see why Ghost made up his own board. I’m not trying to start a rift with you just want you to look at it in a different perspective, that’s all.
T, thank you for posting this information. Like I mentioned in the past, this is and was a tax free and tax credit transactions. All the way till the end, even as far as donating to a charity for another tax credit. Now as the example states it’s an example of how companies long term transactions do not need to be reported to the IRS. The Long Term Transaction part speaks volume. Maybe I’m misreading and not really understanding but to me this is a good ample for us. They are being Recognized but yet to be Realized Gains. What are your thoughts or that of the think tanks members from boardpost. If you don’t mind that is.
Sussman fell and had a brain injury and then had complications due to COVID.
You too are also welcomed. Have a great day as well and stay safe and healthy.
I wouldn’t have a problem with that at all. I still would like to show my appreciation to both AYA and AZ. Also, to include bbanbob, large, newflow and several others. They are more than welcome to meet me at my 6 bedroom Villa in a Resort Community in the Caribbean with all the amenities including a Private Chef, maids and butler, helicoptered to a from the airport or they can ride in the Rolls enjoying “The White Glove Treatment” as my guests.
Someday I would like to just sit down and have a intellectual conversation with AYA and thank her personality.
What many have forgotten and stopped paying attention to is that during bankruptcy the Parent Company was still in business. WASHINGTON MUTUAL INC. Since the beginning was allowed and referred to as Debtor in Possession.
NOTE:
A business in the midst of filing Chapter 11 may continue to operate. In most cases the debtor, called a “debtor in possession,” runs the business as usual.
They’ve been in business and in their Safe Harbored entities are the beneficial equity interest hiding in plain sight. They’ve been accumulating all along for 13 years. Remember, Peter bragged about how they were strategically prepared for the takedown. Now, we wait for the Resurrection.
Nranger, I think it’s a internal data code not a number of shares code. Jmo.
Oberthal, I hope he’s enjoying his $Millions$ Vacationing, but jokes aside, I hope he’s well and not sick. There’s a lot of that going around.
Lodas, what I found interesting, but yet frustrating is that, I went on to the site that provided me with the information regarding escrow shares in bankruptcy( investopedia) and as of July 21, 2021 it has been updated better yet rewritten and they conveniently removed some important wording like holders of cancelled shares still are beneficiary holders of those shares and any assets returned after closing pertain to those holders. I have posted that information here before and provided the source( Investopedia ) now the source has been altered by removing that information. I remember the day I was born and the very first thought on that day, so I know what I read and where I read it and now it’s gone. This frustrates and angers me, that they can do this. One thing that stood out to me when I was working as a Broker in Training in downtown Manhattan, one of the Managing Partners yelled out to us, “ We Are God, We Control Everything And Everybody Out There Are Pho.King Losers!”
This is their Attitude and it couldn’t be more obvious and blatant.
Escrow Common shareholders have rights to any returns to the Company after Preferred is paid, but in this situation both Preferred and Common are Pari Pissu.
Just so you know in Bankruptcy court, holders of cancelled shares are still the beneficiary holders of any assets or money returning back to the company. Why do you think Corporations cancel the stock and eliminate common equity, so they can be the sole beneficiary holders of the assets being returned. It’s in black and white.
Rosen, also said there was nothing for Equity and Equity couldn’t be included, yet here we are.
Newflow, I had mentioned that a few weeks back. I also mentioned they have control of Admin and the Moderators. Not to mention, they had mentioned conversations from the Yahoo Board in Bankruptcy Court back in the day. Also, the Yahoo Board was mentioned in News Articles that were published. This would not be any different. Look at the Foolery that Divided that Board(Yahoo)and they are doing the same here.
SplitT,
This is interesting.
The trust is established by a professional real estate company, referred to as “DST sponsor”, who first identifies and acquires the real estate assets. As individuals invest, their investments displace the capital used by the DST sponsor to acquire the property until it is eventually wholly owned by the investors.
Night, this is not my argument to interject, but I remember WMIH was a 1-2 Employee Company at once upon a time as well. Also, I remember the running joke was that this company wouldn’t amount to anything and all they were doing was keeping the lights on to water the plants and look at where we are today. So I would pass anything by these individuals. They are Far from being Stupid and Incompetent. They have a Plan! The Big Question is, are Legacy Holders( Escrow) included?
Don’t forget the “Free Shares.” How can they be free? if you pay for them unless they were given to you for the Company. So which one is it? Free or heavily discounted but nothing is Free.
Last week when the discussion was about the authorized Mr CooperGroup preferred shares, I theorized that the 10 million Preferred shares if converted to the original agreement, (also adding that they may have been amended) if converted to the original agreement at 47.0535 (470,535,000) coincidentally added up closely to the Original share structure of 466,235,000 million shares. I was told that those agreements were done away with and that can’t be. My understanding of Perpetual, means never ending and I posted a link to it. Yet, now a new theory taking from an agreement from Pre Bankruptcy is being spread and now majority are falling for it and praising it as the New Gospel. (I’ll believe it when I see it.)
There is/are (an) individual(s) that have multiple IDs even to the point that one of them is controlling the board as an Admin. or Moderator. Not my theory but facts. After 13 years, don’t you think I would notice Trends and Behavior? Not to mention, the Bias behavior. It’s your M.O. using the system and manipulating it. Well played. I give that credit as well.
I was not aware of his site. Can you share it with me? Thanks in advance.
Thank you again Baldeagle, this is the one I was looking for. Chaarles provided it, so I’m sharing it with you as well. Article 10 has interesting writing.
https://contracts.justia.com/companies/mr-cooper-group-inc-7825/contract/106140/
Thank you Sidedraft, the last link is the one I was looking for. Wow. I can’t express the gratitude and appreciation towards you for helping me with what would be something minor to most, but extremely huge to me. Someday I would like to be able to pass it forward reciprocate it back to you, Chaarles and a few others who I did not mention.
Thank you so much Chaarles. This is the right one.
New, My apologies, I overlooked it and just found it. I should have started by widening my screen lol
Thank you. I hope this has connections to Legacy Holders.
Also, I can’t mention this enough thank you for your due diligence and taking the time to research all this information. It certainly has shined some light into the darkness that’s been casting over us.
Newflow,, no it was not listed.
The one I’m looking for had over 100 pages. thank you I still really appreciate it.
Bald eagle, thank you but the agreement that I was looking for had more details.
Chaarles, I went to read the Wand Merger Agreement and it was Scrubbed from the Internet! Someone doesn’t want us to know the details. https://www.lawinsider.com/contracts/5Avvxr73nXyWR547QGI616/wmih-corp/mortgage/2018-07-13
Chaarles, I went to read the Wand Merger Agreement and it was Scrubbed from the Internet! Someone doesn’t want us to know the details.
Royal, thank you, I hope you get a response from someone soon.
AZ, thank you. It’s gotten real annoying to read senseless, baseless post and more guessing games that only gets the Zoo worked up. I’m starting to think it’s on purpose.
2221, he may be right because of crooked accounting methods, but back in 08 when all assets were deprecated, would you have guessed that JPMORGAN stock was going to be $159 when it was trading at $19? No.
Would you have guested that Bank of America would be trading at $41 when on February 20th it hit a low of $2.53? No, we were told that we’re crazy, some wished me wrong and called me a Dreamer and Loser. My crazy as$ bought into them and now those that said I was a crazy loser are Broke.
So it may be real plausible that those MBS SECURITIES and Assets , would have appreciated in Value over the course of 13 years just like JPMorgan and Bank of America’s Assets did.
This is not over as you can see and read.
Still,
This happen back in the early 90’s. I remember it was an older Caucasian woman getting a large cup of coffee going drive thru and it spilled on her lap as she was driving off. The settlement was in the millions. It was big news at time.
Thank you, for the clarity, I appreciate it.
What is the underlying meaning of this “Coffee Lady” you guys keep mentioning? I’ve been wanting to know but never ask.
Yes I can recollect you mentioning it multiple times over the years.
Now you have your confirmation.
Pete, thank you, also we already got the short end and they’re using the long end to ram it up our anuses as they gift themselves more and more company shares yearly all the while we bicker, argue and moan among ourselves. They’ve had us preoccupied here while they transfer the wealth among themselves. We can only wait and see what the end may bring. Also , what can be done when they are protected? These Attorneys know what they’re doing. It’s their job and everyday business, a routine sort of speak. Remember they have Armies, better yet, Battalions of Attorneys and Attorneys to watch those Attorneys, etc. etc. Majority of them and our Government are Attorneys and they really can give two shieets about us. All we can do is wait and those who are intelligent enough will learn. I know I did. I even learn to admire them being a Capitalist myself. Well Executed Plan! I come from the Underground and adapt and learn when I see a Hustle. I too walked the streets in the Financial District. I didn’t want to be with the Upper Class men Brokers on Wall Street so I stayed on the side on William Street. Still we are one of the same. Also, after reading about Peter Freilinger it seems I’m no different and we’re about the same age. Maybe we even crossed paths around the block. I did make it into the lobby at 270 Park Ave and made the decision to walk out on my interview date. Go figure. Mark at S&P termed me one of a Kennedy’s Boys, after my Senator and in my Office I was known as Trinidad after the undefeated boxer at the time because I didn’t go down without a fight and I always Won. At the beginning I Commuted from Massachusetts broke stocks and commuted right back. Nothing will stop me but me. We are of a different Breed, Pete and I and even some here that won’t admit it. Like Peter, I too can be long winded and full of myself.