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~ Yes, (reg-s) the WMB Notes are Multi-Nationals Issued Out Of The UK' "Asset Backed", as stated' not legally bound by the OTS' the FDIC' or the SEC', and listed within Globic' (DB) ~
the SEC' submitted WMIH Preferred Managing Sub Accounting releases, reveal the use of the cash and the diminished returns available ... just another sub' that was Not a part of the Holding Company'
the common share ownership' ... is obvious' ...
AZ
~ XOOM', ... NOPE' the 75/25 to the end', ... etc., etc., ... Was Not Ever A Possibility' ... ~
... the 75/25 to the end, ... the 299b, 100b, a $60k P' etc., etc., etc., potentials ? ... Sorry But NO', none of that was ever possible ... merely based upon sloppy and poorly researched material ... fueled by the "wmi-lt" and the restructuring component, with aid from many many many others' ... all to confuse and misrepresent the facts' to the people', ...
in order to "Participate" ... one's submitted release documentation shows just exactly who was released, ... (it was NOT the Holding Company) ... the linked GSA explains everything', and the Disclosure Statement explained how the process was to move forward into a reorganization' as well ...
~ Understand Plan 6' "Participate" in Plan 7' ~ (link included, NOPE', ... NO guessing')
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf
... The WMI Holding Company', "the debtor" ... WAS NOT THE RELEASED ENTITY' ... "the debtor in possession" ... WAS RELEASED, by those original "releasing" WMI Owners' ...
just sayin' :)
AZ
(yes, the "wmi-lt" and the restructuring component, with aid from many many others' ... confused and misrepresented the facts' to the people', ... misleading me, as included as well, regarding the original ownership tracking mechanism' and the paid for ESC nomenclature') ... however' ... standing fast allows for a win' ...
~ the UW's Responded To The "sloppy" and "poorly researched" 03/2019 Submissions' in order to maintain the settlements continuity, ... To NOT', respond is a loss as a default' ~
the WMI Preferred Are "Bonds" ... the WMB Notes' Are "Bonds" ... Common Shares Own the Company ... now, being portrayed with an incomplete WMIH Corporate Structure, merely trading as symbol "COOP"
“Bond Indemnity” shall mean that certain General Agreement of
Indemnity, dated as of June 14, 1999, executed and delivered by WMI in connection with the issuance of the Bonds."
"Bonded Obligations” shall mean, collectively, those liabilities with
respect to which the Bonding Companies issued the Bonds, whether or not such
obligations are contingent, unliquidated or disputed.
“Bonds” shall mean the bonds issued by the Bonding Companies on
behalf of one or more of the Affiliated Banks or their Affiliates, each as identified on
Exhibit “D” hereto, together with the numbers of the respective proofs of claim which have been filed with the Bankruptcy Court in connection therewith.
~ Understand Plan 6' "Participate" in Plan 7' ~ (link included, NO guessing')
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf
... The WMI Holding Company', "the debtor" ... WAS NOT THE RELEASED ENTITY' ... "the debtor in possession" ... WAS RELEASED, by those original "releasing" WMI Owners' ...
just sayin' :)
AZ
(yes, the "wmi-lt" and the restructuring component, with aid from many many others' ... confused and misrepresented the facts' to the people', ... misleading me, as included as well, regarding the original ownership tracking mechanism' and the paid for ESC nomenclature') ... however' ... standing fast allows for a win' ...
~ Yep, WMI has reorganized, now into WMIH', ... now, being called "the Mr Couper Group" (one of a few WMIH Subsidiary Group(s)), (Corporate Structure) ... currently trading as NasDaq Symbol "COOP" ... Yes, COOP Is The "Tell" ~
~ Understand Plan 6' "Participate" in Plan 7' ~ (link included)
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf
... The WMI Holding Company', "the debtor" ... WAS NOT THE RELEASED ENTITY' ... "the debtor in possession" ... WAS RELEASED, by those original WMI Owners' ...
just sayin' :)
AZ
~ The WMI Holding Company Numbers' ... 299b / 100b / $60k per P' (seriously' LOL) etc. etc.., ... whatever' ... Should Never Have Been Considered', or discussed' ... No One "Released" The "Holding Company" In Order to Participate' in the Courts Approved' Reorganization ... "COOP" / with the WMIH "acquired" subsidiary group, (NationStar) now simply being called, the Mr Cooper Group', can, and is able to re-adjust its fiscal accounting, considering the entire WMIH Corporate Structure, at the close of each quarter' ~
... As "COOP"s Intuitional and Individual Investor's, ALL wait together' ... and, at the very same timeline' ...
Again', ...
* Check Your Release Documents' ... WHO ? was released ? ... it was NOT the Holding Company' ...
* Now move forward' in the WMIH to COOP SEC Submissions' ... one can reasonably begin with an outline of sound' initial BK Docket, Disclosure Statement, and Reorganizational Knowledge, and begin at the end of 2017'
~ Watch The Newco, It Will Be The "Tell" ~ ... and' ... ~ Know What You Own ~
* "dissolved upon consolidation" ... "consolidation" is the operative word' ...
Nothing Has Disappeared ...
just sayin'
AZ
(yes, the "wmi-lt" and the restructuring component, with aid from many many others' ... confused and misrepresented the facts' to the people', ... misleading me, as included as well, regarding the original ownership tracking mechanism' and the paid for ESC nomenclature') ... however' ... standing fast allows for a win' ...
~ Information' Regarding reorganized WMI', to WMIH / now using an incomplete "the Mr Cooper Group" as NasDaq symbol "COOP" Corporate Structure SEC 10-K and 10-Q Reveal (yes, allowable) ~
* Check Your Release Documents' ... WHO ? was released ? ... it was NOT the Holding Company' ...
* Now move forward' in the WMIH to COOP SEC Submissions' ... one can reasonably begin with an outline of sound' initial BK Docket, Disclosure Statement, and Reorganizational Knowledge, and begin at the end of 2017'
~ Watch The Newco, It Will Be The "Tell" ~ ... and' ... ~ Know What You Own ~
* "dissolved upon consolidation" ... "consolidation" is the operative word' ...
Nothing Has Disappeared ...
just sayin' :)
AZ
(yes, the "wmi-lt" and the restructuring component, with aid from many many others' ... confused and misrepresented the facts' to the people', ... misleading me, as included as well, regarding the original ownership tracking mechanism' and the paid for ESC nomenclature') ... however' ... standing fast allows for a win' ...
~ LOL', Actually Reviewing ?, and a Fundamental Investors Understanding of The WMIH / the acquired NationStar + LLC, / called Mr Cooper Group's, / "COOP" SEC Submissions, ... or ? a simple Return Review at one's Release Form ? ... Must ? somehow' Be Difficult ? (LOL) ~
DUH' ... later' lil' remora(s)
AZ
~ Thanks, ... The Mr COOPER Group's (WMIH etc.) past and present tense fiscal year' is revealed within page 1' of each SEC' 10-Q or 10-K submission' ... however' ! ... the Company's Fiscal Accounting Terms', ... Are Able to be adjusted, amended, or corrected ... at the end of each quarter' ~
ADDED; a quick study, or any study' at all, of WMMRC, and the WMIH Preferred Managing Sub, ... completely debunks' ... yoda' ... and any financial alignment or consideration with the holding company, ... etc., etc., etc., ... $60k p's ? ... ? ... ? ... oh my' !
AZ
~ So, Who Was Released ? ... WHAT DO THE RELEASE DOC's "STATE" ? ... WMI the Holding Company', was Reorganized into what is now being partially referenced by NasDaq symbol "COOP" ... with approximately $4 billion of its own Cash and Tax Refunds, able to pay the Holding Company's Allowed Creditors OFF', leaving roughly $76 Million plus a $125 Million (100 + 25) credit facility, now gone of course' ~
... yes, ... the "wmi-lt" and the restructuring component', ... with help' ... etc., etc., ... twisted me up with the ESC nomenclature' ... That deception ? ... and the DTC Maintenance ?, was Paid For' ...
However, ... My own' Releases were NEVER ALIGHNED with the WMI Holding Company, or with the "wmi-lt" ... my own release' submissions, and the recording of my original released ownership', are still being maintained' ...
just sayin'
AZ
~ WMI to WMIH / and' one of its "Post Reorganization" acquired Subsidiary Groups, ... (NationStar + LLC'), now being called, the Mr Cooper Group ... May re-adjust The Fiscal Accounting at the end of Each Quarter' ~
"COOP"s Corporate Structure Submissions are Incomplete' ... SEC submission allowances being abused by smart people' ... eventually to be updated'
... Everyone' Was Told (by, AZ) ... specific to the Holding Company', the "wmi-lt" WAS NOT EVER GOING TO BE A SOURCE OF RECOVERY', (not', for releasing equity) ... and to' ... Watch The Newco' ... "COOP" ... It Was The "Tell" ... numerous entry points available to investors', have been posted' ...
... Reorganizational Release Forms, properly submitted, were NOT Submitted To "Release" the Holding Company' ... ~ Know What You Own ~
Sorry, but I don't know when ?' or how much ?' ... (no guessing, only investment opinions') ... however, the (interest generated and accumulated), returns WILL NOT BE ANY NUMBERS THAT WERE ALIGHNED WITH ... WMI's HOLDING COMPANY ... 299b, 100b, $60k per p' ? oh my' ! ... blah, blah, blah' ... yoda' and all the rest', ... etc., etc., etc., ...
just sayin' :)
AZ
~ WMIH / COOP (which is a symbol, merely representing a WMIH subsidiary group, per the SEC's Corporate Structure Reveals', gained with the WMIH 2018' acquisition') ... and the SEC Submissions Are ALL That Is Relevant ~
... a few Initial 2nd rights offering participants, as listed'
* WMIH CORP.
* KKR Wand Investors L.P.
* Growth Value Securities Ltd.
* Teacher Retirement System of Texas, a public pension fund and entity of the State of Texas
* Greywolf Strategic Master Fund Ltd - MSP1, by Greywolf Capital Management LP,
* Greywolf Strategic Master Fund Ltd - MSP6, by Greywolf Capital Management LP,
* GCP Europe Sarl
* Greywolf Opportunities Fund II, LP, by Greywolf Capital Management LP,
etc, etc, etc, ... (there's obviously more,)
Now, ... I Refer To The "RELEASE" (submitted) and "WHO" (or' what) ... YOU released' ... (or not ?)
All Corporate SEC Submissions, are ALL on the SEC site', and available ...
~ Know What You Own ~ ... (or not ? right' ?) ... (yoda's numbers are humorous' at best)
just sayin'
AZ
~ Your Answer' ~
("which counsel shall initially be Simpson Thacher & Bartlett LLP")
until voted out' ... (which won't happen) ...
Go COOP' ... Yes, ... ~ COOP Is The "Tell" ~ ... there's more, ... much much more' ... however, ... a waste of time' (here') ... right ? ...
"Everything Has Been Properly Disclosed" regarding WMIH / KKR / COOP ... Everything WMIH / COOP Related Is On The SEC site' ...
the DTC merely distributes "CASH" when authorized ...
just sayin'
AZ
~ I Don't Know How To Answer The (your) "confusion" Question ? ... Calling The DTC won't help you, ... The DTC merely distributes CASH when ordered to do so, The DTC Is Not The Placeholder for the Releases' to Participate' ~
Any Interest Earnings that are earmarked to still be returned, have not been released for distribution yet ... I'm not sure when ?, or how much' ... only that the interest generated exists' ... this continuing process was explained in the Disclosure Statement and then reverified by KKR years later' ...
AZ
~ Because That Statement By The DTC Is "True" ... 100% True ~
I was also caught speeding', deceived' ... the specified ESC Cusips were a mechanism placed by the "wmi-lt", just the "wmi-lt" which was specific to the WMI Holding Company' ... and the directives to pay the WMI creditors
however again', ... the releases submitted and the tracking mechanisms', continue to be available and our releases actually list another' ...
AZ
~ The DTC Merely Distributes "Cash" When Told To Do So' ~
... refer to the / or to ones release documents' submitted ... claims allowed for a release' to participate, (in 7) were not listed under WMI the "Holding Company" ... (reading is a skill' ?, this ? not so much) ... all are listed the same' ... dimes', uq's, P's and K's ...
just sayin' :)
AZ
~ Goodie', It Has Been My Opinion The Plan Administrator Took Those Moves In An Effort To Utilize The Interest Funds Still Being Held. Now Done' The CT's Accumulated Interest Is Gone' (turn the page) ~
Secondly, ... This is 180 degrees off of WMI's BK ... WMI Filed, then implemented its plan (of reorganization) and THEN paid off the allowed holding company's creditors ... LHBI's Plan (of reorganization) has not been implemented, while everyone waits for the creditor classes allowed, to be finalized ...
In My Opinion, the CT's will be reconstituted, once the creditors are satisfied and the plan is implemented, and the market will address their value and pricing
... the purposeful delays' are the constant ... however, the good news is "reorganization" ... in both, WMI and Lehman
AZ
~ Thank You SideDraft' ~
This, The Following Is Dated May 2019' ...
"Lehman Brothers Holdings Capital Trust Preferred Stocks: Still Trading 10 Years Later"
May 20, 2019 11:17 AM ET Lehman Cp Iii LEHKQ, LEHLQ, LEHNQ, LHHMQ
* Four Lehman Bros. Holdings Capital Trust preferred stocks continue to be traded in the OTC market.
* Capital trust preferred stocks are designed to be hybrid securities that possess characteristics of both debt and equity.
* It is my understanding that a bankruptcy court hearing on May 30, 2019, may clarify the value of the LEHKQ, LEHLQ, LHHMQ, and LEHNQ preferred stocks, if any.
* It appears that the argument is that the CT preferreds should be in parity or higher relative to certain claims that were paid in 2014.
* Investors should do their own due diligence. It is not possible to predict the outcomes of ongoing and potential litigation with respect to these capital trust preferred stocks.
* Four Lehman Brothers Holdings Inc. (LBHI) capital trust (CT) preferred stocks continue to trade in the over-the-counter market. These are the 6.00% Series M (OTC:LHHMQ), the 6.375% Series K (OTC:LEHKQ), the 6.375% Series L (OTC:LEHLQ), and the 6.24% Series N (OTC:LEHNQ).
* Each of these CT preferred stocks has a liquidation amount of $25. There are 48 million shares of these CTs, with a "liquidation amount" of $1.2 billion.
Dividends have been suspended since 2008 (the prospectuses of these CT preferreds allow the preferred dividends to be suspended for only 20 quarters). In recent weeks, these CT preferred stocks have traded in the 10 to 20 cent range, which is less than one cent on the dollar in terms of market price to liquidation value. I have previously written about the LBHI CT preferreds here.
Rex Wu (Pro Se) has filed this motion before U.S. Bankruptcy Court Judge Shelley C. Chapman. This motion explains that the four LBHI CT preferreds:
Now trade on the OTC Pinksheets exchange.
Currently have an unsecured subordinated debt claim in Class 10B with their distributions reallocated to higher classes and are stated as unlikely to receive any distributions.
Are entitled to file a claim to enforce the "guarantee" as stated in the prospectuses of the four LBHI CT preferreds.
Are "on a parity" with certain other LBHI senior preferreds or preference stock, as described in Rex Wu's motion.
LBHI and JPMCB/JPMSI are co-debtors and thus affiliates in this bankruptcy via common control.
It is my understanding that Rex Wu seeks payment from LBHI for any payments made to parity senior preferred or preference stock and with respect to any guarantee.
To be clear, I am simply summarizing Rex Wu's motion for an order enforcing the Modified Third Amendment Joint Ch. 11 plan of LBHI and its affiliated debtors and the related Confirmation Order.
I have not done an independent and thorough evaluation of the merits of Rex Wu's arguments. I would encourage interested readers to read the document linked above carefully.
The Bankruptcy Court's decision on this matter may resolve the status and value of the four CT preferred stocks in a way that may be favorable to investors in LBHI CT preferred stocks. Alternatively, it is possible that the Bankruptcy Court's decision could be appealed in some fashion.
This article was written by
Wayne Olson, CFA
CFA, CPA, MA in Economics.
Disclosure: I am/we are long LEHLQ, LEHKQ, LEHNQ, AND LHHMW. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
=================================
It Is And Has Been My Opinion That The Court Will Make The Correction'
AZ
~ the Mr Cooper Group's SEC Submissions Are Currently All That Is Important ~
... However', ... what IS NOT being SEC reported, due to SEC (abused) allowances', ... IS ? ... more important than was is ... :) ... KKR proved the continued existence of the WMIH assets four years ago in 2018' ...
"COOP" @ $5.00pps in 2018' ... ? ... now $40.00 ish ?, ... could have now paid off a million dollar home mortgage', with a COOP Investment of merely $125,000.00 ... upon study of the KKR Private Rights Offering' ... everyone was told' to ... Watch The Newco' ... symbol' COOP'
"COOP" @ $5.00pps in 2018' ... ? ... now $40.00 ish ?, ... could have easily and additionally', purchased with cash', a new C-8 and a smokin' Caddy' ... with a COOP Investment of merely $21,000.00 ... roughly' ... and again', ... upon study of the KKR Private Rights Offering' ... everyone was told' to ... Watch The Newco' ... symbol COOP'
the goal is to make financial progressions' ... not to worry about what another has decided to do ?, or has actually done' ... COOP's entry positions that have been available', have been posted' ...
Have A Great Day People' ... Sunday Brunch', Relaxation', ... and' ... :) ... Hot Rods and Hotties' ... keep on rockin' & rollin' ...
just sayin' :)
AZ
~ Enjoy' "Life" There Is MUCH MUCH', More to Life Than "WMI" or "WMIH" or "COOP" ... right ? ... ~
The WMI Holding Companies', fundamental financial considerations and continuations' of the WMI Sub Network earnings considerations', WERE NOT altered between the failed "6" and the APPROVED "7" ... only with 7 ?', rosie was denied the ability to control the returns by the Indentured Trustees Motion and Judge Walrath', ... and then, ... equity received the newco' ... and AAOC had to finance the newco's start up with the $200 million', it's that simple'
Seriously, ... per the Disclosure Statement', ... the interest earnings were continued' ... then', with 7', along came the extended and delayed litigation ... omnibus, employee claimants', and everyone knows who' ... boopppppie' ... and the losses'
the "wmi-lt" was a distraction' that NEVER Mattered' ...
positive investment participation became clear' at the end of 2017 with KKR's private rights' offerings ... COOP was available in the $5.00 pps range just four years ago in 2018' ... That ?, has been the reality of COOP' Investing' ... yeppers' ... paid off homes', hot-rods' ... ? all for a portion of their costs' ... now $40. pps from $5.00 ... ? ...
Yepperini', ... ~ Understand Plan 6' and "Participate" in Judge Walrath's Plan 7 ~
oh and', ... worrying about what another has' ? ... really ? ... hotrods and hotties' ... LOL' ...
just sayin' :)
AZ
~ "google" ? as a source .... oh my' goodness' wow' ... an S-3 Is An SEC "Registration Change" (duh) ~
maybe the SEC should rename this submission ... ? ... to accommodate' a google search engine ... LOL' ... really ? ... wow' ... toooooooooooo funny'
what ever happened to an actual education' ... I'm too old to have played video games as a youth' ... LOL ... generationally pitiful' ... that C-8 is truly rock & roll' ...
AZ
~ Hey MB', Ask One Of Those "others", ... I Don't Do That Date Thing' ... I've been rollin "in and out" with "COOP"s Increases ever since latter 2017' ... remember ? AZ said, COOP Is Going To Be The "Tell" ... ? ... gotta hold em' ... ~
I like hotrods and hotties' ... and still ... my COOP holdings are in the positive since the low entry points taken advantage of, over the years' ... take it easy' ... now, ... ? ... I'm just here for the party'
AZ
~ Pick A Company' Any Company' ... Just Pick One' ... WMI, WMIHC, WMIH, the mr cooper group' ... ? ... S-3 Registration Changes Must Be Filed' with the SEC ... duh' ... duh', ... duh' ... sorry tunafisjh' ... LOL ~
... that is ... "REGISTRATION CHANGES" ... duh, duh, duh' ... LOL
AZ
~ Well ?, ... LOL', ... while waiting for a "WMIH" updated S-3 ? (LOL) ... ol' COOP Has Allowed a "doodled" Cash Paid For' C-8 (smokin 2lt) last December and a Cash Paid For sweeeeeet' Cad', (black on black gangsta' 4 dr roller') a few weeks ago' ... It Is NOT' WHO' IS CREDIBLE ... "here or elsewhere", (duh', duh, and duh', LOL', ) ... It Is However, the original Segregated WMI Sub Network, ... obviously the Disclosure Statement', ... the Indentured Trustee's Judge Walrath's Approved Motions', ... and ... more recently, KKR's Actions' ... ~
just sayin' :) ... (dino's opening day with the caddy & a hottie, dinner and a slumber party after') ... :) ... rock & roll' ... :)
just sayin'
AZ
~ "AGAIN' Guess What ?, Everyone Was Told (by, AZ) ... the "wmi-lt" WAS NOT A SOURCE OF (equity class) RECOVERY', ... and to' ... Watch The Newco' "COOP" It Was The "Tell" ~
just sayin' ... :) ...
AZ
~ So "COOP's" Crickets ? LOL', (other than XOOM :) ) ... Since So Many Believe (wrongfully) That WMI' "WMIH" and its original SUB Network Has Disappeared ? ... then Why Isn't There Any SUPPORTING SEC Registration (S-3) On the Record ... ? ... hhhhmmmmmmmm ? ... ~
... (delaying) omnibus', ... (delaying) employee claimants', ... (delaying) jpm'-s subcontractor (boppppppie) ... ? ... multiple failed attempts ? ... to disrupt and delay ? ...
I stay with the docket and the SEC submissions' ... not only what is there ?, ... but also what isn't there' ... ~ "COOP" Is The "Tell" ~ ... ~ Know What You Own ~
just sayin' ... :) ... :) ... (it's opening day for the dino's, takin the caddy, and a hottie)
AZ
~ Yes, 100% Accurate' ... and' ... There is documentation proving the existence of the WMI Subsidiary Network' ... The Failed Attempts to Control Them and Their Values' within the Holding Company's BK' Process, ... along with the ability to financially track the WMI', then at implementation, transitioned to the WMIH Preferred Managing Sub', its use' and its contents' ~
... then years later, in latter 2017' ... KKR Also Undoubtedly Proves The Existence of the WMIH Asset Values With The Second Private Rights Offering' ...
AZ
~ You Are Welcome', These "TWO" Of SO' Many', Are Both Documented and Relevant ~
The Company', ... WMIH ... merely name changed, with a new symbol "COOP" Issued' ... But Never Submitting a New or Amended Registration with the SEC (an S-3)
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169112208
... and' ... the rosie/goldsteine initial attempt to exclude equity' ... and simultaneously include the WMI Sub Network' ... 6 failed twice'
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169111169
AZ
~ Only "ONE" S-3 Has Ever Been Submitted' By WMIH' "ONLY ONE" ~
... WMIH ... acquired NationStar ...
https://investors.mrcoopergroup.com/financials/wmih-sec-filings-archived/default.aspx
Now, Over Four Years Ago ... the ONLY S-3 Ever Filed' ...
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000933136/b95149f8-150d-461d-b372-4b6f33e96d46.html
Yes, the Docket Filings as well as the SEC Submissions' ... are the reasons that I refuse to believe there is nothing here' ...
AZ
~ (thankfully) KKR' Aided and Helped complete Reorganized WMI', "WMIH" within its Acquisition' of NationStar, now NasDaq symbol "COOP", the DTC is a distribution mechanism' able to be utilized' ~
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169111169
AZ
~ "Timing & Planning" WMIH, now', on the NasDaq as symbol "COOP" with / out a completed 10-K Corporate Structure' (yes using, SEC Abused Allowances) ~
now with the WMI Reorganizations Implementation, 03/19/2012, then, adding in the litigation delays and extensions' ... to the present tense'
* 09/26/2008 WMI' the Holding Company Files for BK Protection' (just the holding company, mind you') Chapter 11 Reorganization' ... which NEVER converted into a chapter 7 liquidation'
* 10/02/2008 https://www.dtcc.com/~/media/Files/pdf/2008/10/2/OTC191.pdf (the segregated equity class cusips are added' ... AGAIN', ... AFTER the Fact)
* 10/2008 Judge Walrath DENY'S the "rosie/goldsteine" Motion / Request to Include and financially consider the WMI Subsidiary Network (Docket # 0025)
* The Indentured Trustee Files a Motion and Questions rosies attempt', ... Judge Walrath Agrees with the Trustee', ... Judge Walrath Submits the September Opinion, 2011,... Orders Mediation 2011', ... 6 fails twice, and 7 includes equity ...
* 03/20/2012 https://www.dtcc.com/~/media/Files/pdf/2012/3/20/OTC-054.pdf (6 had failed and 7 was the reality', so the same October of 2008 cusips that were added are now removed')
the esc descriptive's, escrows', etc., etc., were devised by the "wmi-lt" ... now removed' ... however the Tracking Mechanism remains intact' ... YES', the "wmi-lt" has tricked and twisted me and my research as well, over the years' ... But I Have Never Given Up' ... NOTHING of the Great WaMu HAS EVER SIMPLY DISSAPEARED ...
Follow the Dates', ... as I have', ... the WMI Financially Producing Sub Network was intact prior to' and post' the BK Filing as well as post the Plan's Implementation'
the Tracking Mechanism for one's release "To Participate" submitted remains' ...
AZ
~ Yes, Yes I Do ~
Yeppers,. ... I've made a few miscalculations' along the way' (pun intended) LOL' ... but we've been dealing with some extremely motivated and highly intelligent "playa's" ... there was ?, and continues to be BIG' money at play here' ...
the delayed litigation has allowed for the process to be subdued' and lengthened ... the SEC allowances, regarding Corporate Structure reporting have been USED', but also "ABUSED" IMO' ...
to your question' ... the timing of a release of interest ownership and accumulation', from the now, (incomplete) Reorganized Corporate structure' being SEC Reported ... revolves around the "REIT's" ... IF ? ... the reorganized company ?', ... has in any way shape or form, been profiting from ANY of WMI's Trusts, originally imbedded within the original subsidiary group' ... and YES', It Has Been Profiting', ... the 90% Rule WILL APPLY' ...
... When ? ... I doubt it will be very long now' ... the Company's Fiscal Accounting Period Ends at the close of the second quarter' ... now coming quickly' ... the share allocation still needs to be corrected' ... and withheld interest returns are still owed' to the releasing participants', ... due to a proper participation in the reorganization ... it's that simple'
I hope that helped' ... I don't know when or any defined amounts' ... I've studied the process, and I can see clearly what needs to be completed so that all can benefit' ...
the WMB Notes, and the FDIC' ARE NOT a consideratin within, the WMI Holding Company's Reorganization and the WMI Producing Sub Network, the WMI Subsidiary Network, that JUDGE WALRATH WOULD NOT ALLOW To Be Considered' ...
KKR stuck its toes in the water in 2015' ... and then took the ball and ran with it at the end of 2017', including their bro's ... these are VERY VERY Smart People' ...
Have A Nice Day My Friend' ...
AZ
~ I'm NOT Quakin' In My Larry Mahan's, ... "COOP" Is ? and has been The "Tell" ~
Judge Walrath agreed with the Indentured Trustee', (ouch rosie', crash and burn' again') ... a twice Failed "6", (ouch again', I though you believed the Judge was in the bag' ? ... NOT ...) ... a Judge Walrath "capped" and Failed H' Holders' receipt of all that was WaMu, ... now, Disgruntled' "wmi-lt" promoters, ... and a load of Failed Restructuring Component's "employees" ... and years of attempts to control the narrative' of there's nothing' ? ... really ? ... all baloney'
AZ
~ Yep', The "COOP" Stew Is Surely Getting Stirred Up Today' LOL ~
WMI's Holding Company, was able to reorganize, (Without Its Subs Financial Consideration) ... now ? trading as merely a symbol "COOP", ... with the releasing equity participants intact and trackable', ... did anyone send their release documentation to the "wmi-lt" ... ? ...
Yepperini', ... Judge Walrath agreed with the Indentured Trustee', (ouch rosie') ... a twice Failed "6", ... a Judge Walrath "capped" and Failed H' Holders', ... now, Disgruntled' "wmi-lt" promoters, ... and a load of Failed Restructuring Component's "employees" ... and years of attempts to control the narrative' of there's nothing' ? ... baloney'
the WMIH, name changed to the Mr Cooper Groups SEC submissions verify "EVERYTHING" ... it's just another great day ... Thanks KKR and Thanks Judge Walrath ...
here's a thought ?, ... why didn't the "wmi-lt" stay with the original Firm', "Weil" when "rosie" was shown the door' ... ? ... hmmmmmmmm ? ... now ?, ... add in a smidge of the litigation delay' between a few pals' ... LOL' ... verrrrry slick' smith', very very very' slick' ...
just sayin' :)
AZ
~ Yeah', (sarcasm alert) ... None of these 80% plus' institutional investors are hanging around "COOP" because of the 2018 Nationstar acquisition' ... and the SEC allowed incomplete Corporate Structure' ... that will be corrected' (duh) ~
and all of these analysts' ... ? ... "Piper Sandler:$71, Wedbush:$60, BTIG:$60, Credit Suisse:$59, Barclays:$44 ... ? ... just sayin' LOL
Have A Great Day' ... Everything Has Been Verifiable within the limited holding company's reorganization', ... moving into the WMIH ("COOP") SEC Submissions' ... again, Thanks KKR and Thanks Judge Walrath' ...
AZ
~ LOL', ... WMI's Holding Company, was able to reorganize, now trading as merely a symbol "COOP", ... with the releasing equity participants intact and trackable', ... ~
Yepperini', ... Judge Walrath agreed with the Indentured Trustee', (ouch rosie') ... a twice Failed "6", ... a Judge Walrath "capped" and Failed H' Holders', ... now, Disgruntled' "wmi-lt" promoters, ... and a Failed Restructuring Component's "employees" ... and years of attempts to control the narrative' of nothing' ... baloney'
the WMIH, name changed to the Mr Cooper Groups SEC submissions verify "EVERYTHING" ... it's just another great day ... Thanks KKR and Thanks Judge Walrath ...
(caddy or vette today ... ? ... thanks COOP')
just sayin' :)
AZ
~ the Mr Cooper Group, "COOP" Brokerage Notification to (vetted) Accredited Investors "ESC Removals" ~
"Please Note: Because There is no transfer agent for this security, ... (this is referring to the wmi-lt's issued ESC cusips' only, ... NOT to your releases to Participate as owners of the reorganized holding company') ... we are unable to register the shares in your name or send you a physical stock certificate. In the event the issuer retains a transfer agent in the future, we will make every reasonable effort to return the shares to your account. If your account has been closed, we will attempt to contact you at your last known address"
Now, separate the COURT RESTRICTED WMI Holding Company's BK Process', ... the extended and delayed litigation process, ... and the Reorganized Company, ... now NasDaq symbol "COOP" ... (WMIHC, to WMIH) ...
the "wmi-lt" was never a source of recovery, and the reorganized company ... and ... "COOP" has always been the "Tell" ... numerous investment opportunity's were made available to everyone' ever since latter 2017', while the process comes to a close' ... the wheels turn slow', ...
~ Know What You Own ~
AZ
~ Understand 6', "Participate" In 7', ~ / ~ Symbol COOP Is The "Tell" ~
SEATTLE, March 26, 2010 – Washington Mutual, Inc. (Pink Sheets: WAMUQ.PK) (COMMON SHARES) (“WMI” or the “Company”) today announced that it has filed a Plan of Reorganization (the “Plan”) and Disclosure Statement (the “Disclosure Statement”) with the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). The Plan implements and incorporates the terms of the global settlement agreement (the “Settlement”) reached among WMI, JPMorgan Chase Bank, N.A. (NYSE: JPM) (“JPMC”) and the Federal Deposit Insurance Corporation (“FDIC”), which was announced to the Bankruptcy Court on March 12, 2010 and is set forth in the draft settlement agreement annexed to the Plan. The provisions of the proposed settlement agreement have been agreed to by WMI, JPMC and significant creditor groups of the Company. As of this date, the FDIC has not agreed to all of the provisions contained in the draft settlement agreement. However, discussions are ongoing among the parties and they are hopeful that such agreement will be obtained in the near future. The Plan is supported by JPMC and significant creditor groups of the Company. WMI today issued the following statement: “WMI is pleased to have reached this important milestone in the Chapter 11 process. The proposed Plan will provide substantial recoveries for the Company’s creditors and reflects WMI’s diligent efforts over the last 18 months to maximize the value of the bankruptcy estate.” The Plan, under which the Settlement will be implemented, also contemplates, among other things:
* WMI will establish a liquidating trust to make distributions to creditors on account of their allowed claims. In accordance with the terms of the Plan, the trust will distribute funds in excess of approximately $7 billion, including approximately $4 billion of previously disputed funds on deposit with JPMC. (the "wmi-lt")
* It is anticipated that the reorganized WMI will undertake a rights offering pursuant to which certain creditors will receive a right to purchase newly issued shares of reorganized WMI common stock. (name changed only to, ... the Mr COOPER Group "COOP") The reorganized WMI (WMIHC to WMIH) will retain equity interests in WMI Investment Corp. and WM Mortgage Reinsurance Company. (Will Retain Equity Interests)
* JPMC will assume certain liabilities related to benefit plans (including the pension plan sponsored by WMI).
* The various litigations involving WMI, JPMC and FDIC will be stayed or dismissed. In addition, JPMC and the FDIC (in its capacity as receiver of Washington Mutual Bank and in its corporate capacity) will withdraw claims against WMI’s bankruptcy estate and the parties will exchange mutual releases.
* Preferred and common equity securities previously issued by WMI will be cancelled. WMI has requested that the Bankruptcy Court schedule a hearing on May 19, 2010 to consider approval of the Disclosure Statement. Following approval of the Disclosure Statement, WMI will ask the Bankruptcy Court to confirm the Plan by July 20, 2010.
The Disclosure Statement filed today contains historical information regarding WMI and certain of its affiliates, a description of proposed distributions to creditors, an analysis of the Plan’s feasibility, as well as many of the technical matters required for the solicitation process, such as descriptions of who will be eligible to vote on the Plan and the voting process itself. WMI’s Plan and Disclosure Statement are available at www.kccllc.net/wamu. The Plan is subject to confirmation by the Court. This press release is not intended as a solicitation for a vote on the Plan.
Then Came, ... the September Opinion, the Mediated Result, and the Final Approval of "7" ... and KKR' ...
~ Know What You Own ~
Have A Nice Day' :)
just sayin'
AZ
~ I DID NOT Bring This Up' ?, I Merely Responded To The Possibility Of It's Being Accurate and a True Depiction' from DL' ... It Was NOT' ... Lot's of Holes in the presentation ~
AZ
~ rick, simply revert to the actual process' ... B Rosen needed to be contacted FIRST' on ALL issues' ... Then ? B Rosen himself', directed what was to be considered ?, and who was allowed to interact on a personal level, ... vetting' to prove a true participant was then done by the staff' ... and also as a direct order from B Rosen' ~
... the "wmi-lt" always wanted everyone to believe that it was running the entire process', ... it was not' ... it was only relevant to the WMI' holding company's agreed upon payments to creditors' ...
as stated, ... the "wmi-lt" NEVER MATTERED' ... That TRUISM' ?, Is ? and Has Been', the burr under their saddle' ...
AZ
~ Pink', Just Added "AGAIN" ... "COOP" ... now ?, going for a cruise ~
just sayin' :)
AZ