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~ Again', I "Hope" You Are Correct Regarding Any Accumulated CT's Interest Eventually' Being Returned' ... WOW', ... That ?, Would Be Awesome' ~
... I've read the Covenant's a number of times' and back when, I tried to get that highway' dude to read them as well' ... but ? that wasn't conducive to their true objective' ... cotton-ball-firestarter and the stooges' either ... I just don't "Trust" any of these m-f-r's ...
... Stox makes a good point also regarding the recent filings' ...
... Regarding Any "Accumulated" CT's Interest Returns ? ... You can Be Right Brother, and I WILL GLADLY BE WRONG' ...
just sayin'
AZ
~ TooGood' ... Regarding The CT's Generation of Interest Discussion ? ~
I sure hope you are correct regarding the following ... WOW' do I hope you are correct, and I am wrong regarding any accumulated' or generated interest' returns' .. I just think ? think ? think ? that they spent the money already' ... my opinion' ... But That ? would be great
"ALL OF IT. The deferred and the moving interest regularly…. “IF” LBHI continue to exist.
Market will decide on how much you can sell"
and I agree with the Market Place actions, dictating a CT's Value, that will be available once LBHI gets going' ...
Have A Nice Day' ... to Everyone
AZ
~ 100% Accurate' TooGood' ... The CT's Still Show In Everyone's Account, ... Right ? ... While LBHI Completes its Reorganization ... Right ? ... The Market Will Dictate Their Buy or Sell "Value" Once LBHI Moves Forward as a Going Concern' ... ~
This ?, Needs To Be Repeated ...
"The only obligation is to pay interest".
"The only obligation is to pay interest".
And, This Refers To The Forward Moving Interest, In My Opinion ...
Happy Holidays and a Merry Christmas People' :)
ADDED: the cottonball-firestarter ? confused himself / herself ? ... and then chose to confuse everyone else' ...
just sayin'
AZ
~ I Agree TooGood' ... It's Coming', LBHI Is Getting Ready To Begin as a Going "Reorganized" Concern ~
In my opinion, the recent transfer of more claims, ... this time to NationStar LLC is good for LBHI, ... irrelevant for WMIH', trading as COOP, but definitely good for LBHI ... LLC' is the only operational sub listed within the COOP Corporate Structure', which is ridiculous actually, ... another discussion'
https://dm.epiq11.com/case/lehman/dockets
https://document.epiq11.com/document/getdocumentbycode?docId=4120890&projectCode=LBH&source=DM
Again, in my opinion ... this is great for LBHI
Have A Great Day
AZ
~ My Deepest Sympathy and Condolences To You John', ~
AZ
~ The CT's Tentative' December Quarterly Interest Distributions, Are LEHKQ on December 15th, then January 2023 is LEHNQ on Jan 18th, LHHMQ on Jan 22nd, and LEHLQ on Jan 31st ~
... It Sure Would Be Nice' ... (there were no CT interest distributions in February, May, August & November)
AZ
~ That Was Then' (end of 2017 and forward) For Me ? "COOP" Has Provided An Amazing Profit' over four years (I took about a half of a million dollar profit from just this one investment / security this year 2022) ... from $5 pps to between $45. to $50 This Year ... "COOP" Being the "Tell" and My Heavily Buying In ?, Has Thankfully Worked Out Well' ... The same was available to anyone' ... I still hold my released participations, as well' so ... ~
... I don't apologize for a lack of action' ... I took a risk and it paid off'
AZ
~ KKR and Gallagher (the WMIH CEO at the Time), Changed The Dynamic' in Early 2018'. ... WMIH to "COOP" Were The "Tell" ... Yep', I Added A Lot and Went Heavily In and Have Now Pulled Out Profit Made From the $5.00 2018 Range to the 2022 $45. to $50. pps Range ... I'm Still Holding About 1,000 COOP', But This COOP Has Begun To "STINK" and I'm NOT Getting Any Younger' ~
... "Profit" Is A Happy Word ... the market is for risk takers' ...
AZ
~ A Hypothetical Question ?, Correct Me If I Am Wrong', Since A CT's Functionality Is Similar To A past tense' WMI Piers (a term capped H), Would It Make Sense That A CT' Could' ?, Also Be Capped' ?, At Roughly Half Way Through Their 40 Year Term' @ Roughly $12.50 per ?, as well as the entire class 10' a, b, and c ? ~
AZ
~ ADDED; TooGood, I'm Considering The Differences Between LBHI as a holding company as well as WMI's, Both LBHI and WMI's Plans Were Approved, ~
The WMIHC' "newco" Began To Function, AND THEN, The Creditors Were Paid Over Many Years'
The LBHI (potential newco' yet to be realized) Has Already Had It's Plan Approved, HOWEVER', The Creditors Are Being Addressed PRIOR TO' The Actual Implementation Of It's Reorganizational newco'
... I Believe The Signed Court Order Allowing For The Document Destruction, and the Trustee Issues ... Were A Very, Very Big Deal'
AZ
~ TooGood, Do You Have Any Thoughts or Opinions Regarding The Necessary Operational Cash The Reorganized "Shell" Would Come From ? ~
I'm Thinking About The WMIHC' (newco) Implementation With A Credit Facility ($125m) and a gifting ($75m) ? ... H's were capped, and the newco' shares were issued to the remaining impaired classes' 19(preferred bonds), 21(a litigation completion), and 22 (the 22's were the commons)
Thank You For Your Participation
AZ
~ Yes, I Do' ... The NOL's Have Already Been Utilized', (calculated against what numbers again ?, LOL' hint, the WMB Seized Bank Has Not Been Finalized By The FDIC') ... WMIH CEO Gallagher Monitored The Private Offering, with Documented Threats of Consequences (in SDNY) ... IF' ?, the Information Shown', Was "Released To The Public" ... and ?, in my opinion the share count still needs to be rectified' ... the Use of the NOL's ? ... Is A Tell' ~
But you still expecting the returns from the ‘escrow’ positions right, at least for your UQ’s ?
~ Thanks (WMIH) / "COOP" For The Sweet Sweet Profit Able to be Taken', from a COOP $5.00 pps (2018), to $45.00 / $50.00 pps in 2022 ... ~
hunker down, there's a world wide financial storm coming ... might as well have some fun during the "storm" ... right ?
Thanks Judge Walrath and KKR' ...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170236381
... WMIH now "COOP" Has Been Very Good To Me' ... I hardly have much of a "COOP" position these days, ... However, ... the profits taken since the 2018' single digit purchases, have provided A LOT' ... So, Thanks WMIH / COOP KKR and Judge Walrath' ...
a luxurious month in Europe (Sept 2022), a new C-8 (Dec 2021), a sweet Cadddy as a second (March 2022), and $100k, gifted to help one of my kids buy a condo last January 2022.
~ Agreed, I've Never Paid Any Attention To (m-cryptic' cottonball) ... fire starter' ~
That case had zero to do with the LBHI CT's
:)
AZ
~ That's Correct Swiss, Keep Up The Good Work ~
Anything pass the 2012 date would modify the plan which can’t be done under law.
A lot here still don’t understand the logic and law of the plan they’ve been reading for 10+ years.
~ Doesn't Matter, Cases ARE NOT Comingled' ... The LBHI Plan Has Already Been Approved' ... misunderstood ? Yes' ... But Still Approved' ... NO one needs any unrelated precedent caselaw' at this point' ... The process for the CT's and the LBHI Holding Company has been well documented ~
The LBHI Holding Company has been and will continue to utilize the CT's Generated interest earnings until the LBHI BK is closed and a "newco", able to use the NOL's, ... emerges' ...
AZ
~ So As I Said, "Unrelated", ZERO or NOTHING To Do With The LBHI CT's or the LBHI Holding Company's Approved Plan', Just' As I Thought ~
AZ
~ I'll Only Believe There's (nothing more) Yet To Come, "Once" I See A Completed Corporate Structure Filed, Listing ALL Operational Subs, and NOT Just The One' Sub (LLC'), Which Has Been Humorous IMO' ~
... WMIH now "COOP" Has Been Very Good To Me' ... I hardly have much of a "COOP" position these days, ... However, ... the profits taken since the 2018' single digit purchases, have provided A LOT' ... So, Thanks WMIH / COOP KKR and Judge Walrath' ...
a luxurious month in Europe (Sept 2022), a new C-8 (Dec 2021), a sweet Cadddy as a second (March 2022), and $100k, gifted to help one of my kids buy a condo last January 2022.
... Have A Great Day Everyone' ... I no longer care much about' what COOP does, My COOP Position has been mostly Used' now, less than 1000' shares' ... Let's see an accurate Corporate Structure' ... and make a decision as to continue to own this WMIH, trading as "COOP"
just sayin'
AZ
~ JCPinny, I Agree The Holding Company's BK Needs To Close and the Holding Company Needs To Exit into a "newco" (commons) in order to take advantage of the NOL's ... Once The BK closes, and the "Impaired" are finalized, the CT's will separate back to their individual owners, like us', and their interest generation will continue' ... These are my opinions and conclusions ~
I still content that the "interest earnings" have been utilized by the Holding Company' ... legally ... IMO'
The recently filed actions, were very relevant ...
AZ
~ Is There Any Actual LBHI "CT" Related Filing or Link, Showing This To Be Related to our CT's Destination ? ~
CTs' Destination: New York State Court Breach of Contract
"and certain entities they dominate and control, sought to take advantage of the Tower Insurance Group’s financial distress by engaging in a series of transactions that triggered certain successor obligor provisions of the TruPS’ Indentures, without that successor entity assuming the TruPS’ obligations."
LBHI rejected the CTs' Executory Contracts:
~ This Is Also Interesting When Applying "Jim's" Post Quoting The Plan' and the CT Responsibilities' ~
https://document.epiq11.com/document/getdocumentbycode?docId=4110133&projectCode=LBH&source=DM
... Footnote 3' ... page 9 of 9 ...
(3) LBHI is the holder of Allowed Claims against itself of approximately $31.1 billion, including: $1.2 billion of Class 3 Claims, $25.3 billion of Class 4A Claims,
$0.6 billion of Class 4B Claims, $0.2 billion of Class 5 Claims, $0.6 billion of Class 7 Claims, $1.2 billion of Class 9A Claims, and $1.9 billion of Class 9B Claims.
Jim,'s Post, including my response' ...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170224491
AZ
~ Now, My Thought Is Complete' ... Well Done Jim', Give Me A Sec', I Need To Find Something I Read, That Associate's The 10B Distributions To These LBHI Payment Responsibilities as "YOU" My Friend' Have So Eloquently Listed' ~
(b) the Subordinated Class 10B Distribution shall be automatically distributed to holders of Allowed Claims in LBHI Class 3, LBHI Class 4A, LBHI Class 4B and LBHI Class 5 pursuant to Sections 4.3(b), 4.4(b), 4.5(b) and 4.6(b) of the Plan, respectively, until all such Claims are satisfied in full;
~ You Are More Than Welcome', ... I L@@K Forward To Your Posts as well as TooGoods and A Few Others', ... ~
Thank You For Posting The Voice of Reason' ... Please Continue, You Have a Fan'
just sayin' :)
AZ
~ LOL' ... (m-cryptic) ... How's That Appeal Working Out ?, ... Oh Yeah, Denied and Put Into The Circular File' LOL ~
Oh and the "dates" are also important ... just sayin'
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170219618
... don't miss the ... "Related Documents Tab" ... hhhhmmmmm ?
Docket # 61514 Filed Oct 17 2022
Related to Rex's appeal
Notice of Transmittal of Record of Appeal. All documents have been filed with the United States District Court for the Southern District of New York. Record of Appeal is Complete and Available Electronically under Civil Case Number 22-cv-8021 assigned to the Honorable Paul A. Engelmayer. Check the District Court Docket Sheet for the Briefing Schedule. (related document(s)[61493]) (Rouzeau, Anatin).
Debtor 08-13555 Lehman Brothers Holdings Inc.
https://dm.epiq11.com/case/lbh/dockets
~ Thanks Brother, Good Morning and I Hope All Is Reasonably Okay With You and Yours ~
... the other board's posting twists, attacks and informational and presenters attempts at a cancelation of consideration, and always expected personal attacks ... has tainted my thoughts of any participation ...
The relevant documents are and have been available to ALL, regarding "BOTH", LBHI and WMIH, and so I simply stick to what is being filed or submitted' these days' ...
I need my words twisted and personal attacks like I need a hole in my head' LOL'
And ADDED; ... the infighting is a waste of everyone's time (in both' arenas) ... Yesterday's submission and Epiq link, as posted by DJN', ... IF ?, ... followed through the related documents, show that particular issue to now also be documented as "closed" ... so, good' ... housekeeping in my opinion', as the process moves forward' ...
I also agree with s404' as stated, and here also quoted' ...
Disclaimer Im not a Lawyer
~ Agreed, My Opinion Has Been The Same As Your Reference ~
The "Interest" generation (not dividends), shows consistently, however it appears that the "interest" is able to be used by the holding company, as each individually listed distribution date per CT passes (4 CT's, 4 individual quarterly interests earned dates)
I don't think we will get back interest. The reason being they did pay the quarterly interest to the CTs but the monies were diverted to pay the senior creditors in the pecking order from Class 1-9.
Now, it seems like we are close to LBHI emerging out of Ch 11, there is a decent chance that the quarterly dividend gets assigned to the CTs and the monies will be flowing into the CT holders accounts. So, end of the last quarter and going into the new year is the new date I am going to propose we look forward to since that seems to be the case here for the past many years. Someone proposes a new date in the future and everyone gets their hopes up and waits for that date. Now, let's rally around my date of Jan 1st, 2023 LOL!
~ Jerz, This May Help Calculate Which "TWO" CT's Are Listed TO Receive For October ~
I actually now' own all four of the CT's, however this is from some earlier research, ...
Posted and Dated July 19th 2020
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157069086
~ Today, My Personal Account Shows The LEHNQ' Dividend Has Occurred, Calculated Properly, However' Due to the Bankruptcy I Have Not Received an Actual Realization of the Dividend as they Accumulate at The Respective Rate' ~
LEHNQ' dividends, distribute on Jan 18th, April 18th, "July 18th", and October 18th ...
I also own LEHKQ and LEHLQ' (different dates, and interest yield)
Thanks to all for the continued information
AZ
~ Lehman CT's and the Schwab Updated Investors Account ~
On 07/19/2020, I posted the updated dividend distribution mechanism placed within my own Personal Schwab Account ... The movement in my account was date specific to the LEHNQ ...
The CT's have different dividend distribution dates, ... the 19th of July was specific to a LEHNQ' ... @ .39 per quarter ... NO actual Cash was received, only the mechanism is being placed in preparation' ...
Here are the individual dividend distribution dates', of the three that I own, ... as the CT's are reconstituted, it is my opinion that the CT's are being set up to begin functioning properly once again' ... although restricted by Bankruptcy, their Capital Trust' supporting Debentures' have remained functioning and active' ...
LEHNQ:
January 18th
April 18th
July 18th
October 18th
LEHKQ:
March 15th
June 15th
Sept 15th
December 15th
LEHLQ:
January 31st
April 30th
July 31st
October 31st
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157003611
... The conversational debate' regarding any return of accumulated funding continues' ... in my opinion, my ownership of these CT's will give a nice rate of dividend far into the future' ... nq's to 2054 and the kq and lq's until 2052 respectively ... which will be long past my own demise', ... in the mean time ?, I'm looking forward to begin enjoying their dividend distributions at the intervals I posted above' ...
... again, I leave to debate over the return of any accumulated funding to others' ...
AZ
~ The "Counting Mechanism" and The Records of, Who Owned "What" and Who Released "What", Is Still Being Maintained and Has NOT Disappeared' ~
... The Records of Original Ownership, ... Have Not Disappeared' ... Only' the "wmi-lt" is done' ...
... NOT Until The Entire and Complete WaMu Seizure, and Subsequent TWO BK's "Process" Has Been Completed, ... and NOT Until The FDIC Completes the Receivership', ... as well as the Reconstituted WMB Notes, which JPMC continues to service' ...
AZ
~ 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