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~ Ray', The WMI Holding Company's Liquidation Trust ... the "wmi-lt" ... Issued the ESC Cusips' ... now, because the "wmi-lt" has completed its Plan 7 approved process, they, the ESC Cusips issued by the "wmi-lt" are no longer necessary ... HOWEVER', ... You (and me) Did NOT Submit our releases to "Participate" to the "WMI Holding Company" or, to the "wmi-lt" for that matter ... ~
Your (and mine) Release Documents were submitted to our "individual" brokers' along with our taxation status via an attached W-9 ... the Amounts of Our Original WMI Ownership, ... were recorded by a designated law firm' ...
Ray, turn the page on the "wmi-lt", ... that segment of our Holding Company's Reorganizational process ?, ... is over' ... Now ? it's all about ownership'
AND ADDED: after reviewing the process of the ... "WMIH preferred Managing Sub" ... as well as the Subs accounting shown on the SEC site ... I don't believe there is much of anything left for a P or a K ...
AZ
~ Yes, Yes I Do Remember', the Approved Plans "Disclosure Statement" Revealed a Continuation of Interest earnings and accumulation @ .05375 ... to be Managed By The Reorganized Holding Company', ... Now of course ... "WMIH" ... the Preferred are not mentioned' "due to the fact" That The WMI preferred were managed by a Subsidiary of WMI' ... and along with all of WMI's Subs', NOT ALLOWED A FINANCIAL CONSIDERATION BY Judge Walrath within the WMI Holding Company's BK and Reorganization, ~
As A Sidebar, ... the TPS fought and lost their litigation against the Exchange Event' ... which converted the TPS at 8:00am on the 26th', from WMB to a WMI Product consideration', ... just hour's ahead of the TWO Filings for Chapter 11 @ 10:15pm and 10:16pm also on the 26th, ... respectfully ~
... Only The WMB Notes' needed to "ONLY" be serviced by JPMC' ... SEPARATELY' ... but ?, only serviced' ... the P&AA Addressed all that was transferred to JPMC by the R' ...
(I studied the Disclosure Statement, the Dominant Document' ... The Plan simply enforced the process that was agreed upon)
AZ
~ There Are Many Opinion's ... My Own Opinion,? is different' ... "Interest" Returns for a released' original (wamuq') common share, continue to be due' (due to the REITs, Income Production' and returning taxation responsibilities), ... the Preferred Managing Sub, which was ALWAYS Held outside of the Holding Company', HAS NOT Increased in value, and clearly shows the funding has been used, originally managed by WMIIC, and NOW "BOTH" Have been dissolved' ~
... WMIH / "COOP" entry points in single digits have been advantageous ever since 2018' ...
~ Know What You Own ~, ... or continue on these hyena infested forums' ... ? ...
8-K's refer to an event' ... Yes, the Implemented Reorganization of WMI', ... Did distribute the Plan's shares' @ the 75/25 ... However, Things Have "SUBSTANTIALLY" Changed per the WMIHC, to WMIH, to COOP, ... 10-Q's and the 10-K's
Thanks Judge Walrath and KKR for the C-8 and some other coooooooooooooool stuff' ... Go COOP', Go COOP
the Mr COOPER Group', ... acquired in July of 2018' ... Is merely an SEC "Registrant" being used for the Entire Reorganized WMI' ...
AZ
~ "It' Doesn't Matter", The "wmilt" Never Mattered, ... NONE OF IT MATTERED ... There never was going to be 75/25 ratios' of WaMu's complete distribution ... and ... only the WMI Holding Company was being considered' ... As Stated In 2018' by the CEO of WMIH (Gallagher), The, "Asset Values of WMIH and its Subsidiaries" ... were NOT Considered' in WMI's BK, its Reorganization, or it's now completed "wmi-lt" ~
WMI', SEC reported Including The Entire Company' until 09/26/2008' by 10-K
WMIHC', SEC Reported a portion of the company as "Registrant" after 03/19/2012, also by 10-K
WMIH', became the "Registrant" in 2015'
after October of 2018 "the Mr Cooper Group" "COOP" became and is merely an SEC "Registrant"
The Complete WMIH Corporate Structure Has Not Been FULLY Revealed, ... as ... LLC continues to be reported as the only operational sub' ...
Get OFF Of The completed "wmi-lt" and consider the "COOP" SEC Submissions' ... the "wmi-lt" was misleading and booooopie' was a (jpmc-) hired sub-contractor' delaying tactic' ... a quick review of the preferred managing sub, held outside of the holding company would have easily defused that entire losing process' ..
... believe what you want to ... I follow the Company's SEC submissions' ... Now merely reporting as "the Mr Cooper Group" ... an ACQUIRED "WMIH" SUB Grouping' ...
... anyone waiting for a 75/25 distribution ? ... will NOT BE Pleased ... Plan 7's Disclosure Statement ... CLEARLY Only Referenced the Interest Returns associated with the WMI Holding Company' ... ie: Common Shares' ... the Preferred Managing Sub was NOT Considered' ...
... READ' ... What Entity was released, ... and ... review the WMIH Preferred Managing Sub's accounting that is posted on the SEC site' ...
Go COOP', Go COOP', Go COOP' ...
AZ
~ How About I Ask My "COOP" Related Question In A "Direct Manner" ? ... HOW ?, Is It SEC Allowable' for a Corporate CEO' (WMIH's Gallagher, 2018) ... to HOST and Sign as Witnessing Agent, A Private Rights Offering' ... AND' ... Increase The Corporate Share Allocation ... ? ... All On His Own' ? ~
... Yep, ... 1,092,000,000 million WMIH shares, that were reverse split in Oct of 2018 ... ? ... Was Just A Few To Many ...
hhhhhmmmmmmmmmmmmm ? ..........
AZ
~ Get Off Of The ... "WMI Holding Company, Its Chapter 11 Bankruyptcy and its Reorganization" ... None of that, including its "wmi-lt", has mattered for a very, very, long time' ... ~
... L@@K to which WaMu entity filed FIRST (@10:15pm) and which WaMu entity was needing to be "Released" ... enough of the confusion' ... k ? ...
just sayin'
AZ
~ WMIH / COOP' circa: 2018' ... Can Anyone Direct Me To The SEC Documented 8-K Material Event Disclosure ... or ? ... A Notification of a change in the WMIH / COOP Proxy, That Reveals the WMIH CEO "Gallagher" (s) Announcement of an Increase In The Outstanding Share Allocation by 407.7 million more shares' bring the Reverse Split Number to 1,092,000,000 ? ~
... CEO's (as in the 2018' WMIH CEO, Gallagher) ARE NOT ALLOWED TO Increase The Outstanding Share Allocation', ... Nor, ARE THEY ALLOWED TO SIGN AS WITNESS TO A PRIVATE OFFERING ... (just sayin')
and, ... back to split-t's question ... In My Opinion ... the current outstanding share allocation will come down to approximately 67,000,000 shares outstanding ... which eliminates the need for any corrective action' ... "WE" ... COOP ... are at approximately 69,000,000 shares out right now ...
(simple "red" answers are provided by a clerks simple minds ... and', there are NO simple minds running this' process ... there are only simple ("red+plus") minds in these hyena-based forums') ... LOL' ...
the assets ... "The Asset Values of WMIH and its Subsidiaries" ... did I quote that properly verbatim Mr Gallagher ? ... Yeppers' I Did, Didn't I ...
Moderator: Bill Gallagher
02-13-18/ 9:00 a.m. ET
Confirmation # 6499125
The aggregate consideration payable to Nationstar stockholders will consist of $1.226 billion in cash and 400.7 million WMIH shares. In addition, approximately $1.9 billion of Nationstar’s existing senior unsecured notes will be refinanced at closing with $2.75 billion of new financing commitments. Please refer to this morning’s press release for additional details.
~ Correct', It IS' "quite interesting" ... or ... "questionable ?" ... and Yes, it relates to how COOP is positioned at this very moment ~
... let me expound on my previous answer (post) to YOUR question' ... carrying forward from 2012 through 2018' ... the "Registrant" being used reported roughly the 200 million shares issued at the implementation ... as we all remember the "Preferred" A's were isued in 2014' and 2015, and the B's in 2015 ... ALL able to convert to a common share' of the NewCo' ... WMIH then the Mr Cooper Group as Registrant' ...
So, the A's and B's were converted into commons and then added to the original 200 million shares ... Those original commons as well as the converted A's and B's STILL DID NOT add up to the 1,092,000,000 shares that were reversed' in October of 2018' ... Gallagher as the WMIH CEO' somehow issued another roughly and approximately 300 million common shares to the entire pool', to complete the acquisition of NationStar ... Cash and Shares' ... were used ... and then all were reversed ...
Moderator: Bill Gallagher
02-13-18/ 9:00 a.m. ET
Confirmation # 6499125
The aggregate consideration payable to Nationstar stockholders will consist of $1.226 billion in cash and 400.7 million WMIH shares. In addition, approximately $1.9 billion of Nationstar’s existing senior unsecured notes will be refinanced at closing with $2.75 billion of new financing commitments. Please refer to this morning’s press release for additional details.
~ For the answer, Simply Follow The "COOP" Company's SEC Registration From The Implemented Reorganization (03/19/2012) Through To Today' ... or', ... What Is and has been being SEC Reported as the "Registrant", ... From WMIHC @ 2012', to WMIH @ 2015, to the Mr COOPER Group @ 2018' ~
... a REGISTRANT Does NOT necessarily depict the entire value of a company' ...
then ... note any actual registration changes' ... 2012' through 2022 ...
then,... study what a "Registrant" ... IS ABLE to reveal ?, or withhold from the public ...
take the time to review exactly who' your documentation states that you' needed to release in order to "Participate" ... IT WAS NOT THE WMI HOLDING COMPANY' ...
follow the Reorganized Company's Outstanding Share Changes' ... (increases) ... that are revealed, back in 2018' ... the Company's shares were increased to 1,092,000,000 shares in July and then ALL reverse split in October right under everyone's nose ... ? hhhhmmmmmm ? ... ? ...
... Then ? in March of 2019', ... ? ... the losing litigations distractions were implemented' ... by ? ... everyone know's ...
forget about the WMI holding company's lt', the "wmi-lt" ... the read the Company's SEC filings, ... (not these f-n' hyena' arena's) ALL of the answers are there' ...
~ "COOP" Is The "Tell" ~ ... ("fair weathered friends" ? ... who' needs em' ?) ... NOT AZ', NO, NOPE NOT HARDLY ...
Thanks Judge Walrath, and KKR for the C-8 and some other cool' stuff' ... GO COOP', GO COOP' ... cryptic ?, nope just read the SEC filings' in their entirety' ... 2018' ? was a pivotal year for WMIH' ...
just sayin' :) ...
AZ
~ Well ?, ... "Hi AZ, couple of years ago you had the interest for UQ as $ 18.74 . So it’s more than $20 per UQ now ? Your original estimates :" ... Yes, IMO That Would Be A Reasonable Consideration As Time Has Moved Forward', and the Interest Earned Increases' ... Just Remember, The Company (COOP) Manages EVERYTHING', ... and those Holding Company Interest Returns Are REIT Generated' ... So, 90% is ordered to be returned to the shareholders, by the IRS' ... Yep, It Will Still Be GREAT' ... ~
And Bumped BACK', ? ... Regarding COOP ?, Just Ask WMIH 2018 Circa; CEO Gallagher, How The Reversed 1,092,000,000 Shares Are Going To Be Corrected ? ... and' / or ... Ask The IRS' How The REIT Producing 90% Rule Will Be Applied To An Original Releasing WMI Holding Company Reorganizations Participant' ... OR' ... one could disregard the Mr Cooper Groups SEC Filings' ... all together' ? ... LOL' ... (that ? made me laugh) ~
... the WMIH Preferred Managing Subsidiary's Accounting Releases are on the SEC site' ... money in ?, and money used' ... ? ... just sayin' ... LOL' Go COOP, Go COOP', ...
have a nice day' ... :)
AZ
~ Yes' ~ and referencing the Plan's Disclosure Statement, Due to the FACT That The (WMI) WMIH Preferred Managing Subsidiary was outside of the WMI Holding Company's BK and Reorganizations Considerations, ... Only the Continued Interest Earnings specifically applicable to a WMI Holding Company's Released Common Share Ownership', Were Mentioned ... There was ZERO Referred To IN The Disclosure Statement Regarding a WMI Preferred Share and Their Continued Interest Earnings, ... The TPS ALL Converted to a WMI Product' at the Exchange Event ~
instead of any continued (personal) criticism ?, ... a simple review of the WMIH / COOP SEC 10-Q or 10-K Submissions or an Acknowledgement of WHO or WHAT Entity Was RELEASED ? ... or A Review of the WMIH Preferred Managing Subs' SEC Filed Accounting ? ... ? ... ? ... I'm only following the WMI BK and Reorg, and the WMIH / COOP SEC Filings, ... don't just accuse me. or twist what I post' ... show me an honest rebuttal to my study's ...
The Existence of the WMIH Preferred Managing Sub and its accounting on the SEC site, ... and its management by the Insurance Sub, WMMRC ? ... NOW Both Dissolved ? ... Is ALL On The SEC site' ... along with the magical appearance of the 1,092,000,000 reverse split shares' ...
... yooouzzz, can all hang on to the "wmi-lt" if you wany to ?, but I've said for a very, very, long time, ... the "wmi-lt" NEVER MATTERED ... and a lot of other things as well ...
just sayin'
AZ
~ Yes, I HAVE ZERO DOUBT That There Will Be Financial Returns Returning to an Original Releasing WMI Holding Company's Common Shareholder' ... the releasing owners of wamuq' and the Participants in WMI's Reorganization' (the Actual Holding Company) "Only" ~
... The (WMI) to the WMIH Preferred Managing Subsidiary , ... BOTH, Before the BK and After the Reorganization, WAS HANDLED BY A WMI SUBSIDIARY', ... of which NONE of the Holding Company's Subs' were financially considered in the Holding Company's BK' ?, and subsequent Reorganization (that's why the TPS fought so hard (but lost) against the Exchange Event) ...
... as, owning everything wamu, ... COOP', ... WMB Notes', ... and released participations, ... I don't know ?, or think that there's much left' in the Preferred Sub, ... it has now been dissolved along with its original managing sub WMMRC' ... So, your guess is as good as mine regarding any funding coming back to an origina P or a K ... However, I Whole Heartedly Believe That ... my original holding company released commons, ... ARE f-n Golden' ... My (reg-s) WMB Notes' ? ... again, f-n Golden' ... and COOP' ? ... well, Obviously GOLDEN' ... just review the entry points that have been available ever since the end of 2017' ... (thanks Judge Walrath and KKR', for the C-8)
early on, I told everyone that JPMC only received the servicing rights, and then at the end of 2017, to ~ Watch The NewCo, It Was The "Tell" ~ ... the 2019 coffee litigation was sloppy and poorly researched, (multiple losses) ... and the "wmi-lt" DID NOT Matter' ...
... Go COOP', Go COOP', ...
just sayin' :)
AZ
~ Shut Up Clerk', This WMI to WMIH to the Mr Cooper Group "ALL" 10-Q and 10-K REGISTRANT SEC REPORTED Process' ? ... Is WAYYYYY, WAY, WAY, Over the obvious' ... Pay-Grade and Educational Ability's ~
... I asked long ago', and D Logan Told Me' (yeppers, I actually know her) ... (the answer was, "just a disgruntled time clock punching idiot" ... meaningless') ... there's lots of those' though' ... right ? ... Buy COOP' ... Go COOP, Go COOP', ... COOP Is The "Tell" ...
"DUH', The fundamental Question Was About The 1,092,000,000 shares that were magically reversed' ... (DUH', ... DUH' ... oh' my')
pft'
AZ
~ Um, ... ? ... These Are The WMIH CEO's Words' ... ? ... Now, NasDaq's "COOP" ? ~
https://www.sec.gov/Archives/edgar/data/933136/000119312518042877/d482996d425.htm
... pretty cooooool' trick, ... IF' ? ... I may say so myself ... how was that done ? ...
Now I will take you through some of the details of the transaction. Under the terms of the agreement, Nationstar’s shareholders may elect to receive $18 in cash or 12.7793 shares of WMIH common stock for each share of Nationstar common stock.
This is subject to an overall proration to ensure that 68 percent of Nationstar’s shares are exchanged for cash and 32 percent are exchanged for stock consideration. Upon completion of the transaction, Nationstar stockholders will own approximately 36 percent of the combined company and WMIH stockholders will own 64 percent.
WMIH
Moderator: Bill Gallagher
02-13-18/ 9:00 a.m. ET
Confirmation # 6499125
The aggregate consideration payable to Nationstar stockholders will consist of $1.226 billion in cash and 400.7 million WMIH shares. In addition, approximately $1.9 billion of Nationstar’s existing senior unsecured notes will be refinanced at closing with $2.75 billion of new financing commitments. Please refer to this morning’s press release for additional details.
=================
... So, pretty much ALL of the Cash was used as well as MORE f-n Shares That Were Being Reported Per The SEC 10-Q and 10-K Reports ... ? ... whats up'
just askin' ... ? ...
AZ
~ And Added:, ... ? ... I always Found THIS to be "Interesting" ... ~
why did all of these people', ... want to leave' ? and all on the date of the acquisition ... ? ...
in connection with the closing of the merger, and pursuant to the merger agreement, william c. gallagher , diane b. glossman , michael j. renoff and michael l. willingham have resigned from the wmih board of directors, and the remaining directors of the wmih board of directors, who are christopher j. harrington, tagar c. olson and steven d. …
https://www.mrcoopergroup.com/press-releases/wmih
just curious ? ... a coincidence ? ... no big deal of course, ... just curious is all'
AZ
~ So, Mr Gallagher ?, (the circa 2018 WMIH (now NasDaq's, COOP) 2018' CEO', ... Can You Explain "HOW" 1,092,000,000 WMIH Shares "WERE AVAILABLE" To 12/1 Reverse Split ? ... ~
per the sequenced SEC 10-Q and 10-K Recorded Submissions (2012 - 2018) ... WMIHC', to WMIH' ... (as the Registrant), had and reported roughly the original 200 million shares, ... then KKR converted the A's and the B's ... But That amount still' comes up a bit "Short" ... right ? ...
... So, ... just exactly where did the OTHER' roughly 300 million WMIH shares come from to complete the Acquisition of NationStar ? ... and then 12/1 reverse split the load ... yeppers, my calculator skills may' suck, (using rounded numbers) ... but "Come On Now" ... ? ... really ? ... ++ ... SEC monkey business in the 3rd quarter of 2018 ... ? ... hhhhhmmmmmmm ? ...
... were the delaying', 2019 filed litigation losses necessary ? ... W-DA-F ?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169650079
just askin'
AZ
~ WMIHC', (the 2012' Registrant), Is Not Over', ... WMIH', (the 2015 Registrant) Is Not Over', ... the Mr Cooper Group (the 2018 Registrant), ? ... Yep, Same Answer, Is Not Over', ... ~
Taxes Get Paid on REIT' Earnings ... Interest Returns Continue to Accumulate, ... ~ Know What You Own ~ ... and ... ~ COOP Is The "Tell" ~
and' ? ... ~ KNOW What NEVER Mattered ?, and What No Longer Matters' ~ (who donated ? LOL')
(the "wmi-lt", ? ... the coffee drinker', ? ... sanese's 8-balls & fund me ? ? ... the employee claimants ? ... the dissolved WMIH Preferred (P & K) Managing Sub into the NOW dissolved WMMRC' ? ... etc., etc., etc., ... ? ... its not difficult, its all been on the SEC site' )
... now COOP reports only one operational sub ? LLC' ... ? ... Yeppers still humorous' ... always good for a LOL' ...
just sayin' :)
AZ
~ What IT' Means Is That ... The WMI Reorganized Common Shares stayed at the 200,000,000 shares range well beyond 2012', and through 2017; ... the B' Preferred then Converted into commons as well, ... and' ... that the 400,000,000 warrants that were issued to acquire NationStar ... were used in the padded' share count, and then reverse split in their entirety' ... however, ... the warrants' ? have not been exercised' ... ~
... in my opinion, and as posted numerous times ... a forward COOP split is coming (somewhere between a 3 or 5 to one) ... and then the cash is accounted for ...
... I'm directly referring to the Company's SEC submissions' ... the WMIH, now being referred to as the Mr Cooper Group' COOP ... NOTHING ELSE' ... ABSOLUTELY NOTHING ELSE ... ++
My Proof ? ... Is On The SEC site' ... 2018 was a pivotal year ... the distractions meant zero' ... (pun intended)
just sayin' :)
AZ
~ This Statement ?, Has NEVER Been Accurate, ... "The Equity Community set aside $20.77 Billion in Treasury Notes to satisfy Class 19’s claim with a premium." ... ~
NOT TRUE' ... NOT AT ALL' ... and like so very much ... misunderstood' ... THERE IS NO ... "$20.77 Billion in Treasury Notes to satisfy Class 19’s claim with a premium" ... (SMH') ...
... just for simplified starters, ... only the WMI Holding Company Filed for a Reorganization Chapter 11, and only the WMI Holding Company was allowed to Exit Chapter 11 as a Reorganized Company, (implemented on 03/19/2012) ... WHICH, was as WMIHC, and then as, WMIH ... as reported to the SEC as the company's ... "Registrant" ...
... The Company's original BK Docket, and subsequent exit into a reorganization, and then followed through on the SEC site', ... Should Be ? ... (but isn't being) ... CONSIDERED' ... seriously, enough already' ...
it was the "wmi-lt" that placed (holding company) funds held for distribution', into treasury notes' ... now ? per the documents ... ? is all done and gone' ...
just sayin'
AZ
~ COOP', ? Why The Delays ?, and why the Distractions ? ... WMIH / acquires NationStar, now NasDaq Symbol "COOP" ? ~
As POSTED", ... Follow the company's SEC Filings, ... the "Registrant", Yes the Registrant, as well as the Corporate Structure ... and' ... the reported outstanding share numbers' ...
I'll help a bit' ...
ON 03/19/2012 ... WMIHC Became The SEC's Submitted "Registrant" for the Reorganized WMI Holding Company', ... that title continued on through the 2015 transition to Delaware, then as "WMIH" ...
let me interject some critical outstanding share information ... (I've done this before)
At WMI's Plan Implementation ... 200,000,000 ... shares were issued ...
,,, in 2015' the outstanding share allocation was increased ... (that sort of ? no longer matters, ... please follow along ... these following dates and sequencing are important')
the end of 2017 10-K shows 206,714,132 shares outstanding (as of 02/2018)
the 1st quarter 2018 10-Q shows 206,714,132 shares outstanding (as of 05/01/2018)
the 2nd quarter 2018 10-Q shows 216,664.908 shares ouitstanding (as of 07/26/2018)
so, a reasonably consistent number of shares is being reported, with the original plans allocation of opening shares at the reorganization's implementation ... roughly 200,000,000 shares ...
Now, here's where things get a bit slippery ... (just sayin') ... follow the share counts' ...
"The Reverse Stock Split affected all record holders of Common Stock uniformly and did not affect any record holder’s percentage ownership interest in the Company, except for de minimis changes as a result of the elimination of fractional shares. The Reverse Stock Split reduced the aggregate number of shares of Common Stock outstanding from approximately1,089,738,735 shares to approximately 90,811,562 shares. The authorized number of shares of Common Stock was reduced from 3,500,000,000 to 300,000,000, and the authorized number of shares of preferred stock remains 10,000,000."
https://www.sec.gov/Archives/edgar/data/933136/000115752318002024/a51880658.htm
The highlighted statement is not accurate ... "affected all record holders of Common Stock" ... "did not affect any record holder’s percentage ownership interest in the Company" ... Nope, Not Hardly' ...
... WE' exited the BK and reorganized with 200,000,000 shares' ... WE' ... then somehow ? (LOL) under Gallagher as our CEO' ... Magically increase to 1,089,738,735 shares' ... WE' have the converted B Preferred into commons, ... WE' ... have the original 200,000,000 )ish) shares ... and Magically ? ... an additiopnal 397 million shares show up to use to ACQUIRE NationStar ... ? ... seriously ? ... and a magically created 1.2 billion shares reverse split ... ? ... come on'
So 1.9 Billion shares were reverse split in October of 2018 ... ? ... I can SEC Submission Follow the original 200,000,000 shares, as well as the converted B preferred ? ... but that DOES NOT account for the amount of shares that were reverse split ... nor, the magical appearance of the additional 397 million shares issued to the NationStar people' ... Cash and WMIH Shares' ... were used remember ? ...
There's more, ... however, ...
"WMIH" became the Parent" ... it's all over the filings ... 2018 was a pivotal year ... and the distractions kept the conversations on everything except what was important and what was going on ... coffee anyone ? ... (L, L, L, LOL)
... COOP Is The "Tell" ... and the "wmi-lt" NEVER Mattered ... shine up those COOP positions, things are about to get interesting ...
just sayin' :)
AZ
~ XOOM, I Don't Know What D Tepper, Savitz, L Cooperman, M Willingham, Renoff, Glossman, or Gallagher has thought', or WHY ... regarding their WMI / COOP Holdings' ... I'm, sure their reasons were individualized' ... I only consider the WMI BK Docket, and the WMI now to WMIH SEC Submissions', along with Judge Walrath's Rulings and KKR's Actions' ... Which ARE ALL DOCUMENTED ~
AZ
~ "Obviously" ... The Inability, or The Refusal, To Navigate The WMIH / "the Mr Cooper Group(s) SEC Submissions Has Been Made CLEAR To ALL' ~
... However', ... These SEC Submissions actually really do' exist on the WMIH / COOP Sec site' ... keep looking' ... stop arguing' ... especially on a m-b' ... its demeaning' and embarrassing ... to watch' ...
Yes, I Know ... shaking'-mh' ...
Sorry AZ, I’m Not Finding Supporting Documentation,
to your claim regarding Preferred Funding and Series R
I only see numbers regarding Series A and B.
~ And ?, A Follow Up; ... "My Math Is Wrong ?" ... I Did Not Use Any of my own Math', I Merely Posted The SEC Filed', Accounting For The WMIH Preferred Managing Sub' as Shown on the SEC site, For the Periods Ending 12/31/2017 and 06/30/2018 ? ~
This Is NOT My Math', ... ? ... I'm Specifically Reading The WMI, now reorganized into WMIH, to now "the Mr Cooper Group" SEC Documents' As Submitted, ...
My Source Is The Company's SEC site' ... and the sequential submissions' ... That ?, is MY LINK' ...
just sayin' :)
AZ
~ ND9', Thank You For Your "Kind" Response ... WE' Have ALL Been Here For Many Years' ... and the accusations of any agenda' ?, are 100% and completely without any merit' ... whatsoever', ~
... I am not sure exactly how WMIH (merely name changed to "the Mr Cooper Group"), will address these many, many, many issues', ... however' ... in my opinion, many issues remain open ended' ... I'll leave it that', since the Company's Actual SEC 10-Q and 10-K submissions, that are controversial to the guessing and wishful, ... ? ... appear to be a bother' ...
just sayin' :)
AZ
~ Here Is My Answer', ... My Best Suggestion' Would Be To "STOP" and Review The SEC Submitted Filings For the WMIH Actionable Events', That Have Now' Materialized as the Company (WMIH', merely name changed to "the Mr Cooper Group" ... as COOP') ... Has Been Brought Forward ~
Attacking, Arguing and Debating ?, Over What Has Been Clearly Provided in the COOP' 10-Q's and 10-K's ... has zero time value' ...
Yes, 2018 was a pivotal year' ... KKR and the WMIH CEO, "Gallagher" Played an integral part ... "it is what it is" ... the WMIH Preferred Managing Sub, DOES NOT Show any relevant Cash Value Remaining beyond 06/30/2018', not enough to be of any major consideration, as per the SEC Filings', ... and that Preferred Sub, Was Managed By WMMRC', which was then soon after ... also "Dissolved" and referenced by the recent PLR ...
attacking the messenger, or twisting the wording, ... serves NO purpose' ... "Everything" I Have Posted Can ALL be verified within the ... WMIH / the Mr Cooper Group's ... SEC Filings' ...
Yes, I made a calculator error and have admitted so, ... and the "wmi-lt" ... with help', purposely tricked everyone', myself included ... the "wmi-lt"s ESC assignment DID NOT Tell the Entire Story regarding a Release' to Participate' ... however, there have also been numerous quite' larger errors made with the AYA' delay promotions, as well as the unachievable numbers' ... and many, many, many, other issues' ... the list is long and continues'
Simply Read The SEC Filings' ... I am not anyone's enemy, nor do I have any agenda' ... I'm only seeking the possible truth' ... as I continue to ADD SHARES of COOP' into my numerous positions' ...
(... popularity on a m-b ?, because it may sound good to others' ? ... is not a relevant profit center' ...)
AZ
~ ND9', Yes, I Do See Your Point', However I Also Believe That There Is Substantially More To It' ... ~
So, lets see' ... according to the WMI Preferred accounting submissions, as of 06/30/2018, (just ahead of the acquisition) most of the returning Cash received has been used' ... again, to pay off KKR's 3% quarterly coupon as well as the Run-Off Notes' ... that sub is being managed by WMMRC' ... which also then gets dissolved' later on' ... both', are dissolved' ... an important word' ... (the misunderstood PLR was referring to WMMRC also ... just sayin')
So, Two things come to mind, ... 1st; the Wrong Entity (the "wmi-lt") was filed against in March of 2019', ... (no one was this stupid', this was done on purpose) ... and the goal could not have been the Cash' ... ? ... right ? ... the goal had to be what was more profitable' ... the convertibility option' ... that's my opinion anyway ... that's where the profit is ... a preferred's conversion potential ... and that is why everything, the released' P's, K's, and uq's (common share ownership) was always kept separate' ... 75/25 to the end' ? ... "AYA"s credibility ? ... Uh, Nope Not Hardly' ...
AZ
~ ND9', Honestly From Literally The Day Of The Original Submission By "AYA", Back in March of 2019', I Stated Openly Those Filings were "Sloppy & Poorly Researched' ... Obviously Those Losing Litigations were Submitted against the "wmi-lt" ... Which Was The Wrong Managing Entity' for the WMI Preferred' ... ~
the WMI / WMIH Preferred Managing Sub, was Separate from The WMI Holding Company' ... and its BK Filing' ... Judge Walrath Kept Everything Separated' ...
The WMIH Preferred Managing Sub accounting documents, are disclosed as I have posted' ...
Please review the SEC submissions for WMIH / and the Mr Cooper Group ... the cash payments were made' as shown ... out of that sub' ...
AZ
~ Goodie', The Preferred Money Was Being Spent to pay KKR's 3% and the Run-Off Notes' ~
"Six Months Ending 06/30/2018 Net (loss) income $(7,579)"
... I prefer to read and believe the WMIH / the Mr Cooper Groups SEC Submissions' ... they used up the preferred's money ... and then dissolved its remains when WMRRC was dissolved' ...
and' as of ... the same 06/30/2018 accounting'
... "Total fixed charges and preferred dividends $200" ... that's in thousands' ... so, only $200,000.00 remained' ...these accounting documents are and have all been available to everyone' ... the 03/2019 losing litigation, was filed against the WRONG Entity', very sloppy and poorly researched' ... yes, keeping the litigation open, was a delaying tactic in my opinion', nothing more'
that's why I don't hang my hat on any relevant preferred return ... the accounting documents simply DO NOT show anything to be excited over' ...the common shares owned what was financially relevant' ...
AZ
~ Goodie, Yes I Do Have Thoughts Regarding Your Questions' ~
my 1st thought ?, ... is Always of the early 2018' WMIH CEO "Gallagher" and the KKR Second Private Rights Offering' ... and his witness and statement in text', to each private participant, ...
the reality and release of the existence of ... "the asset values of WMIH and its subsidiaries" ... WAS NOT to be revealed to the public, or litigation would be filed in the SDNY' for serious violations, ...
... all very methodically pre-planned ... however, along with AZ ... all of them remain for the inevitable ... remember' ... the WMIH acquisition of NationStar and its Subs' ... took place on 07/31/2018
...
"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."
just sayin'
AZ
~ Major-B, Very, Very', Doubtful In My Opinion', and According to the Accounting as Presented' ... Those Considerations Are Not Supported By The WMI / WMIH / the Mr Cooper Groups' SEC Submissions, for the WMIH Preferred Managing Subsidiary' and the accounting submitted' ... Which again, was managed by the, now dissolved WMRRC' ... ~
its a product of continued confusion over ... "ownership" ... and ... "participation"
just sayin'
AZ
~ XOOM, Thank You For Your Interest and for Following The Relevant Reorganized WMI, now to WMIH, name changed only, to the Mr Cooper Group Process' ~
Yes, ... Two' ... were necessary ... one was for the acquired NationStar and its subsidiary group, and the other was for the WMI / WMIH entities that were earmarked to be dissolved and their contents moved' ... obviously' Investment Corp, and the PMI Insurance Sub, and manager of the WMIH Preferred Managing Sub, ... WMMRC' ...
just sayin' :)
AZ
~ So, Carrying The WMIH', with the acquired NationStar and its Subs', "SEC Revealed" 10-K Corporate Structure Forward' for those that are Following This "COOP" Financially Relevant Research ... ? ... ~
... The Use of merely a "Registrant" continues through the 2019, the 2020, and now the 2021, WMIH named changed to the Mr Cooper Group's ... 10-K's ...
... so far ?, ... we have seen WMMIC, (the recipient of the holding company's investment returns',) ... as well as WMMRC, (the PMI Insurance sub and designated manager of the WMIH Preferred Managing Sub') ... now, dissolved into "merger sub" but the accounting for the Entire Company' has yet to be revealed ...
The financial returns are not zero', nor are they "stupid" numbers' ... the returns are a designation and a specific accounted for amount directly related to what a Plan 7' releasing Participant owned', released, and is still being monitored ...
anyway'
AZ
~ So, Back To The "Wand" WMIH SEC "Corporate Structure" Question (the Mr Cooper Group) ~
the Company's10-K's beginning at the end of 2017' ... are the easiest way to reveal in a simplified form ...
========
1st ... as of 12/31/2017 ... Corporate Structure Is SEC Revealed (ahead of the acquisition)
https://www.sec.gov/Archives/edgar/data/933136/000156459018004269/wmih-10k_20171231.htm
WMIH CORP. and SUBSIDIARIES
ENTITYDOMICILE
WMIH Corp.Delaware
Subsidiaries
WM Mortgage Reinsurance Company, Inc.Hawaii ... (the managing WMMRC insurance sub has not been dissolved at this point in time, that happens later)
Wand Merger Corporation Delaware ... (merger sub' is the designated sub' to receive all of the dissolved entities')
========
The Acquisition of NationStar, with KKR's Help, and Its Subs', occurs in July of 2018 by WMIH' ...
"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."
(moving forward, or as I like to say', ... "Turn The Page"
========
Now, We', moving forward to the ... as of 12/31/2018 10-K (the acquisition has now occurred' ... )
https://www.sec.gov/Archives/edgar/data/933136/000093313619000030/mrcooper1231201810-k.htm
now, moving forward within the 2018 WMIH SEC Filings, depicting what was happening, and being achieved by KKR and the WMIH CEO Gallagher' are intriguing' ... "truly amazing" ... So now We' see the Corporate Struture being reveal by simply using an SEC "Registrant" ...
Subsidiaries of Registrant
Subsidiaries
Jurisdiction of Organization
Nationstar Mortgage Holdings Inc.
Delaware
Nationstar Sub1 LLC
Delaware
Nationstar Mortgage LLC
Delaware
========
So, I can keep going through the 2019, the 2020, and the 2021' ... 10-K's for you' ... but ? I think ? I've answered your question ... ? ... for the last couple of years, ... the Company's SEC Corporate Structure has remained incomplete' ... while SEC allowances, allow for the use of "merely" a "Registrant" as a reporting agent' ...
AZ
~ That Is A Great Question' ... Yes, I Can Track "Wand" But Only To A Certain Level' ~
However, directly to your question' ... Yes "Wand" Is Listed' ... but is then (magically' sorry my humor kicks in) ... removed from the SEC Corporate Structure Reveals' ... as the SEC allowances are used (legal yet abused') to NOT Account for the Entire Company' ... and merely use the NationStar and its Subs for the accounting' ... as the "Registrant" ...
Maybe I can show you the transition' ... I'll check ...
This is taking a few minutes, ... I'll put out a new post' is a sec
AZ
~ XOOM' ... WHO (or What entity, "WMIIC") "We" All Released', Was and Still Is A VERY, VERY, VERY, BIG DEAL' ... ~
yes, dissolved into Wand' ...
and' ...
the WMIH Preferred Managing Sub, was managed by WMMRC' ... and WMMRC was ALSO' dissolved' ...
just sayin' :)
AZ
~ Go Ahead, Make Irrelevant Fun, and Hang On To That Error I Made', ... However', ... Irrelevant of that' ?, ... I Continue to Hold My Own Multiple WaMu Positions Intact' ... COOP', of course' ... my own reviewable' WMIIC's Release Documentation, ... WMB Notes' Holdings' ... etc.etc. etc. ~
... It's All Going To Be VERY' VERY' Good ... (boo-hoo to all of those others')
AZ
~ Sorry', However This IS Exactly What Happened ... When WMI Reorganized into WMIHC', and then Transitioned into WMIH, ... and' The CEO (Gallagher) with the aid of KKR', ... Pushed The Acquisition of NationStar Through ... "Privately" ~
"Ya can't have it both ways. You CAN't reward a group that had no FOUL DONE TO THEM post 2012 owners OR those that didn't sign off.......SEEMS SIMPLE TO ME"
... Don't Believe Me', ... It's Fine ... However, The Company's SEC Submissions Reveal Exactly What Was Done' and How They Did It' ... interest returns still owed, will be returned, ... COOP will correct the float numbers, ... the parent Corp WMIH' will be fully accounted for' ... and only COOP Position Holders will benefit from the "corrective" forward split that I believe is on the very near horizon' ...
The WMIH / the Mr Cooper Group' SEC Documents Are There To READ' ...
AZ
~ HogWash', "tick" ... The Releases Submitted Were Applicable To Release WMIIC', (its Documented, Check Your Own Paperwork) ... Not to the WMI Holding Company, its "wmi-lt" and its own' separated ESC trickery' ... ~
... Yes, I was tricked as well, ... believing that the ESC cusips were separate and relevant', ... However', ... the Counting Mechanism Properly Submitted, of ones Original WMI Ownership, Remains Intact ... Received and Maintained By The Assigned Attorney Firm' ... as Individually Submitted To Ones Brokerage Firm (s) ...
~ A Position In "COOP" ... Has ALREADY PROVEN since the single digits' entry points, and Will Once Again Be Proven To Be Financially Advantageous ~ Go COOP'
~ Ones Releases', ... to "Participate" Had Quite A Lot More Relevance Than the "wmi-lt" Word Trickery ... This ?, IS NOT OVER ... only the "wmi-lt" Is ...
AZ
~ My Consistent Opinion, Regarding WMIH / the Mr Cooper Group ~
... the "wmi-lt" Holding Company's Liquidation Trust, ... verbally tricked "everyone" (myself included) ...
... the Mr Cooper Group's "COOP" Position Holders' Will Benefit from the forward movements about to come' ...
... Plan 7's Releasing "Participants" Will Financially Benefit, With Cash Deposits into a Continued and Active Brokerage Account', with the interest withheld ...
~ The "wmi-lt" Never Mattered ~
~ The NewCo', COOP Is The "Tell" ~
~ Know What You Own ~
~ EVERYONE', Institution and Individual Alike Have Waited Together ~
~ KKR and the' WMIH CEO "Gallagher" Reaffirmed in 2018' the Existence of the "asset values of WMIH and its Subs" ... ~
~ NationStar and its Subs Were Acquired ~
~ The Company, ... Currently, ... Only Reports ONE Operational Sub, ... LLC' ... Which Is NOT A Complete "Corporate Structure" ~
Have A Nice Day, Good People',... BUT' ? ... Saying there is nothing for an Original 7' Releasing Owner of the Reorganized WMI', ... IS NOT Consistent With The Company's SEC Submissions' ..
~ Investment Corp., now financially dissolved into Wand', ... Was The Entity That Was Released' In Order to "Participate" ... NOT The "wmi-lt" or the WMI Holding Company' ~
just sayin' :)
AZ
~ Well ? YOU My Friend Are NOT Alone Regarding "COOP" / WMIH "the Mr Cooper Group" ... KKR, Citi, HSBC, the Jeffries Group, Affiliates, ~
... (chicken' "COOP" ? ... LOL) ...
AZ :)