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~ 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 :)
~ John, ... May The Great Healer' ... Jesus', ... Show His Perfect Grace Upon Her, and You Also ~
... These are difficult times for BOTH of you my friend' ... I'm sure I speak for many when I say ... "WE" will ALL Pray For You Both' ...
AZ is misty' ...
AZ
~ Lets See IF I Follow', ... as relevant to ... COOP', ..."the Mr COOPER Group" ~
AYA', filed in March of 2019', and the Litigation Losses obviously stacked up' ... (IMO, as a delay, a hired JPMC' subcontractor', again though, IMO', it doesn't matter anymore, I have turned the page on that') ... representative' attorney's, are not sworn to tell the truth, the whole truth, and nothing but the truth', ... ie: everyone's ... "fav-a-holeee" ... rosbudder' ... just sayin' ... it is the system'
well, ?, ... the AYA issues were filed against the "wmi-lt" ... the Reorganized WMI Holding Company's Liquidation Trust ... Which Was The WRONG PARTY' ... the values in the P's and K's were held and managed in a WMI Subsidiary' ... I've posted this many, many, times' ... it is all recorded on the SEC site along with the relevant accounting' ... and, the Use Of The Cash to Pay KKR's 3% quarterly coupon as well as the Run-Off Notes' ...
why no one ever looks at these WMI / WMIH now COOP' SEC Filed documents ? ... I find amazing' ... but ?, it's all there ...
AZ
~ Hello John, ... Maybe', ... The Parent Company, WMI, now to WMIH, ... as the Manager, Is The Recipient of the Interest Returns ... Then The Company would need to issue an Interest Return' to an original releasing wamuq' holder ... the Original Released' Commons' ... the Capital Trust and the WMI Subsidiary Group not allowed any BK consideration, Has ZERO to do with the Preferred' ... managed by the WMIH Preferred Managing Sub' ~
My Best To You Both, and I hope you guys are well' ...
AZ
~ Hmm, Some of your points', I agree with, Some I do not' ~
POINT THOUGH IS THAT COOP would go WITH THE TENDER OFFER and THEN we will never KNOW the PRIVATE MARKET VALUE.
Whether "WE" Know or not ?, Doesn't Matter ... the Values are still there, proven by KKR' ... and Gallagher' the CEO in early 2018' ... and NO ONE will give away these massive amounts' of money and asset value' just to prove a point' ...
It was ONLY STATED that assets COULD NEVER RETURN TO THE REORG'd DEBTORS ESTATE WMIH is the reorg'd debtor and COOP is a sub of WMIH.
the debtor terminology left with the "wmi-lt" ... turn the page' ... it was originally WMIHC then transitioned to WMIH'
Don't think it was ever stated that WMI couldn't buy the WHOLE BALL OF WAX WAS IT.
This ? Is What I Find Interesting' ... WMIH Is Already is in charge of EVERYTHING' ... as stated', "Predecessor / Successor Protocol"
IMHO so far it kind of sort of HAS IT's HAND in this whole NSM acquisition anyway
WHO IN THEIR RIGHT MIND WOULD BACK a 2.7 BILLION $$$$$$$ loan and as it was stated that is NO WHERE NEAR the over all value back said loan.........
the collateral has been disclosed in the SEC Filings' ... "It Was Not NationStar" ...
But again we agree ALL WILL BE JUST FINE and WE AGREE there is LOTS OF MONEY LEFT OUT THERE
Agree, ... I dispute any sharing ratios', ... any continued relationship with the "wmi-lt", ... and those stupid numbers' ... and ?, I want to see the complete value of the ENTIRE Company' ... just like Gallagher showed to the chosen ones in 2018' ... and once shown', with the threat of prosecution in the SDNY if revealed to the public' ...
AZ
~ Follow Up:, In My Opinion ?, ... the 2018 Acquired Servicing Subsidiary Group Is NOT Worth The Trouble' ... It's The Parent Corp., That Holds The Values' ... remember', ? ... "the asset values of WMIH and its subsidiaries" ... and That ?, Would Cost A Lot ~
anyhew'
AZ
~ And What Is "Book Value" of the Entire Company ... ? ... Not Simply The Values of A Subsidiary Group' Acquired in 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."
Yeppers, ... In Order To Calculate a proper "BOOK ", ... ? Now All We Need Is A Proper SEC Release of the ENTIRE' "Corporate Structure" of the Entire' Company' ... Right Lee ? ...
... "And the other value is private market value, what would a strategic financial investor pay for the entire company?" ...
"Private Market Value" ... ? ... sound familiar ? ..
just sayin'
AZ
~ Actually "the Mr Cooper Group", ... Gave The BEST Answer to my Question ~
"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."
Yeppers, ... Now All We Need Is A Proper SEC Release of the ENTIRE' "Corporate Structure" of the Entire' Company' ... Right Lee ? ...
... "And the other value is private market value, what would a strategic financial investor pay for the entire company?" ...
"Private Market Value" ... ? ... sound familiar ? ...
=============================
the as of 12/31/2021 10-K
https://www.sec.gov/Archives/edgar/data/933136/000093313622000008/0000933136-22-000008-index.htm
and' ... the SEC listed registrant's ... of course' ... and, LLC is being reported as the only operational sub' ... ? ...
Subsidiaries of Registrant
Subsidiaries Jurisdiction of Organization
Nationstar Mortgage Holdings Inc. Delaware
Nationstar Sub1 LLC Delaware
Nationstar Mortgage LLC Delaware
just sayin'
AZ
~ Thanks Pink', There Is Something "wrong" There, (strong' medicine needed ? LOL) Regarding WMI, to WMIHC, now to WMIH, with NationStar as an acquired Subsidiary Group, currently available ... as Nasdaq's COOP ~
... It's ALL Made Up, and DOES NOT Depict the Actual Process' that has occurred' ...
I don't care of course, because I was there throughout', and continue to be involved' ... it' means zero
anyhew', ... have a great evening ...
AZ
~ You Are Welcome My Friend, and Yes', I Am Doing Fine ~
Yes, Interest Earnings Are Still Owed because ... WMI actually "Reorganized" ... and the Disclosure Statement, the Status as REITS', and the IRS 90% Rule ... will ultimately need to be returned ...
The ESC Cusips, ... were a trick perpetrated by the "wmi-lt" ... and then fueled of course' ... however the release forms were submitted to one's brokerage, and were also listed, counted and verified by a segregated law firm ... no one released the WMI Holding Company, the "wmi-lt" or ... bugs bunny' ...
Yes, interest is still owed ... and your location is tracked by your individual brokerage firm that you use' ... the law firm that kept track of your release submissions', will notify the brokerage firms' ...
1,000 shares of COOP' is a great position' ... I always think in terms of what I received in WMIHC', for my releasees submitted, ... as a base position ... I currently hold a few more, but ?, I do like to spend a bit of doe-re-me' ...
with all the fairness 2019 COOP price was around $7.50 .C-19 sell off in 2020, it went as low as $6.00
In 2020-2022, I believe that KKR saw this as an advantage, and many were able to take advantage, due to the pre-planned litigation delays' ...
Yes, ... KKR was integral in our survival ... Brey' (NationStar) would NOT budge on the deal offering, and WMIH simply DID NOT Have enough to complete the acquisition, ... so KKR stepped things up and got it done' ...
So forget the COOP for a second ,anyone can buy and trade it. ... OK' ...
"Eventhoug this is the COOP forum , 90% is talking about recovery and legacy of escows. There is stupid numbers getting thrown around 0-60,000.. (what a range right.. lol)" ... YES' I Agree
In your opinion ( I value your opinion and did for years) is the escrow story over?
No, I Do Not Believe that your recovery as alighned with your original ownershiip of the reorganized Holding Company is over' ... No, Nope Not Hardly' ...
Thank you
You Are Welcome, Have A Great Day
AZ
~ Holy Cow !', What "Board" or Company Is This Referring, To mr doubtful' 195k ?, ... This Is Not WMI' or the Holding Company's Filings' or the present tense "the Mr Cooper Group" ... This is Humorous' (LOL) ~
anyhew, ... as usual', turning the page' on this made up' dream' ... poof' ...
JPM paid a 13 billion dollar fine to the SEC for damages they incurred by their actions during the 2007 financial crisis, as did other banks...
SO WHAT'
all major banks were hit with SEC fines.....
SO WHAT'
5885 AT,
LOL'
and willful misconduct charges were all hammered out in the GSA agreement between WMI, JPM, FDIC, and Deuchebank,
Uh', ... Nopey-Dopey ... the GSA was between WMI and the FDIC and JPMC was allowed as an intervenor, ... which ? wasn't necessary' ... duh'
who agreed to give WMI 7 billion dollars in return for 100% claims for creditors claims up to class 18...
woweee'. ... the $7 Billion was WMI's money in its own account and tax refunds' ...
the "Litigating Trust of the WMIL-T was specifically charged with actions to pursue legal claims against JPM, etc to recover additional estate values... Rosen failed to pursue court cases against JPM simply because these causes had been overridden by the GSA agreement between all parties, making it unnecessary for the Litigating trust to pursue these issues....chapter 11 closed, and with it, all future recoveries from WMI for estate recovery ended.... equity recovery consisted with 200 million shares for old equity in the new company, plus 75 million dollars,.......Fact... Lodas
~ (OK Now) Yeah, actually', I was being sarcastic', but I find myself (sort of) agreeing with you' ... ~
More to the point was my 2nd' reference to the only operational sub that's being reported is NationStar' LLC', ... which I say is the SEC allowances being misused and abused', ... however legal' ...
I'm hoping this link will work for you, and we can move on quickly', ... like you, I believe XOME' is irrelevant' ...
https://www.xome.com/auctions/licensing
ok good, the link worked for me' ... turning the page' ...
===========================
back to what is being reported as, ... "the Mr Cooper Group" ... Corporate Structure, ... (give me a sec)
the as of 12/31/2021 10-K
https://www.sec.gov/Archives/edgar/data/933136/000093313622000008/0000933136-22-000008-index.htm
and' ... the registrant's ... of course' ... and LLC is being reported as the only operational sub' ...
Subsidiaries of Registrant
Subsidiaries Jurisdiction of Organization
Nationstar Mortgage Holdings Inc. Delaware
Nationstar Sub1 LLC Delaware
Nationstar Mortgage LLC Delaware
Thoughts ?
AZ
~ Hmmmmm', That's an Interesting Response', Can You Embellish a bit ? ~
AZ