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Dump? You mean Transfer.. someone sold and there was someone else there to buy.
I remember reading a Valuation on the litigations somewhere around $20 Billion from either seeking alpha or Forbes back in 2008.
We survived a Bankruptcy and got new shares in the New Company. Rosen was Wrong, Excuse me, Rosen Lied!
Hot meat, thank you for the brief synopsis and your take away from the hearing. Also I would like to touch base on a misunderstanding, just about everyone, hear, read, think, understand and interpret things differently, hence their belief system. I don’t believe in 100’s Of Billions, I also don’t believe in zero in assets. You do not commit a crime(Insider Trading) unless Their is some great value, that’s my belief, so me calling “The Lawyers”,”Liars” was not directed to you. Unless you are one of the lawyers, than yes I am, but if not, than I’m not. Once upon a time, I was upset because I was not educated but as time past and I learned from everyone who shared leads and information, also to seek out and find my own, found it to be a Beautiful Hustle. I learned what Wall Street does to secure and safe guard their assets, how they invest and Most Importantly, How They Maneuver... I can’t be mad if the wise takes advantage of the dumb because the dumb is too lazy to do their own research and Learn The Language.
If I would call you any names, it would be Intelligent and Informative and at times Inspirational.
I Also feel that way about Many Others on this Board, even though not All of Us have the same Views.
You’re right because “assets of the Assets are not part of the Agreement”.
I believe nothing of what I hear and half of what I see! You’re entitled to your belief but I don’t believe Liars! Period! Where were KMarts Assets? In a Canadian Corporation! Owning the Land. Do you remember David? who headed the meeting in 2006 with Big Banks and Government Officials, On How to Hide Your Assets. Perfect example Seretus was held by IBM as a Favor.
Maybe, All of Us Haved Been
Be Patient, it was mentioned that the stock price will not reflect its value until late in the third to last quarter and first part of next year. This is Nothing New or Unexpected.
Nothing with this Bankruptcy adds up,
32,000,000,000.
-8,000,000,000.
=============
24,000,000,000.
/1,197,000,000
=============
00,000,000,000
A theory that was thrown out there was S4V, I think the LTIs Are valued at around $8.72(92)
and no LTIs or cash will be issued at values above $10.00
So, anything can happen really, nothing is normal, starting with the Purchase Agreement with Yet more Amendments.
Coop got kissed back in late January and early February. The moving average is starting to rise so the indicators are leveling and might reverse by the end of the week or beginning of next. My opinion..
WAIT! What Changed? A few weeks ago, the board was All Riled Up about Writing a Letter regarding the same issue to an Individual(US Trustee) who is going to do Nothing( in my opinion ) and Majority were in Agreeance and Patting each other on the back. Now Alice took the Initiative and the fight, to the Right Door Step and Now the Board is Against Her! Why? If you wrote to the Us Trustee, who, if he cared, would have taken the same steps Alice did, would you be Mad at Him Too! She Brought it to the Court, the Honorable Judge Mary and in my Opinion, the Proper Authority, the one who makes a decision and an important factor in this matter. She went straight to the source instead of going around the Mulberry Bush. You are Redirecting your anger in the wrong direction, to the wrong person. Direct it to the Individuals who got together and caused it from the very beginning, the ones who wanted this Company All For Themselves and wanted Us Excluded from the Reorganization. She’s a Weaker Opponent compared to the Feds and Wall Street.
I know, but this is not a normal bankruptcy. This is from WallStreetPrep. “Construction of a recovery waterfall that can accommodate scenarios that deviate from the absolute priority rule”
Well it’s not that far fetched. I got this from investopedia. A bankruptcy or reorganization during which a company's shares are suspended from trading pending the resolution of the corporate action. In this case, a shareholder's holding will be converted to escrow shares and then converted back to their original form if any equity remains in the company after the completion of the bankruptcy or reorganization process.
Bbanbob, after reading Coop’s 10K, there’s Language regarding SPV/SPE and that to me seems like they are back to WMI 5.0 the restructured version. Same Play just a new game.
Bbanbob, the more I look into it, the more I lean towards your theory with the S4V.
Bbanbob, I read that the ownership changed has not occurred. I think it was regarding the escrow shares held for distribution, they have not distributed the shares because it can cause a C.I.C.
Goodie, I believe she’s referring to the Class 19(75%) And Class 22(25%), not a Shares Value.
One is Present Agreement, the other is Past Tense.
T1215s, you forgot some crucial information, 20,000,000.00 shares each representing 1/40,000th ownership interest in a share of Series K Non Cumulative Floating Rate Preferred Stock, liquidation preference $1,000,000.00 per share (equivalent to $25 per depositary share ).
http://quantumonline.com/search.cfm Link gives an easy to understand breakdown in Layman’s Term.
Nightdaytrader, I wanted to add that the information is dated but it shows that they already established a business relationship.
Night, here’s the link providing the information you mentioned. https://www.businesswire.com/news/home/20170130005321/en/Nationstar-Establishes-Subservicing-Relationship-New-Residential
Yes, I too was and am still scared, but I continued purchasing because upon filing for bankruptcy the original paperwork stated, $32 Billion in Assets minus $8 Billion in Liabilities and it clearly said there was enough to pay common shareholders. That kept my glimmer of hope. Coupled with January 4, 2010 when Ps shot up to $110 kepted me in the game.
Good Luck Jerry, maybe someday when this is truly over some of us will meet and celebrate.
I’m not.. I was a scared, inexperienced common shareholder and just bought it because it was one of the cheapest at the time. I don’t want to take credit as if I knew what I was doing, I didn’t, but other board members did. I just followed their lead and Learned.
Wow, going back down memory lane you kind of remind me of IncaTupac without the Zinfandel. (Lol)
Dissecting your question leads me to believe that the EC knew P’s would have a Greater ROI. My Opinion. So we assume the same...
I bought my Wahuq early @.30 cents
Wampq @$2.00-$2.25
Wampq @.75 cents
Thanks to Bopfan’s Advice To Hedge My Losses.
Jerry, you asked, why no one bought WAHUQ? No one in the EC bought WAHUQ because it would be considered Insider Trading. Is that Logical enough? The only reason we( Escrow ) are even allowed within the negotiation table was because the Hedge Funds got Too Greedy and committed Insider Trading and got caught. Do you really think the EC would chance that Opportunity and ruin it for themselves and all of us?
Good morning wcheng, read the purpose of a 1031 Exchange, then COOP’s Actions or Lack Of will make sense. They have to “Not Be Connected” in order for the Investment Vehicle to Function.
Yes you are correct about the security agreement but the Plan And Initiative is still the same, it was just restructured. Couple with disguise and 1031 Exchange it is Purposely executed so Mr. Cooper is not entangled or Connected to the Old Estate, but it’s still the same old players, playing same old game just with added new board members.
Yes you are correct about the security agreement but the Plan And Initiative is still the same, it was just restructured.
On December 10, 2007 with the closing of WAMU Capital Corp. the focus shifted to Direct Mortgage Lending hence Nation Star, now Mr. Cooper. It’s right there in the writing for the Preferred series R stock.
You’re welcome.
Lol too funny! My wife makes fun of me says I’m too technical, sorry had a Nerd moment.
Bbanbob, YGM? I was not sure if you’re in another time zone and in my Creative Writing Class plus my time working in Finance, it is proper to greet with “Good Morning”. In Creative Writing, the English book explained that majority of people read their letters and emails in the morning and in Finance, it was our custom to greet with “Good Morning” before 1:00pm EST. because a lot of our investors were from the Midwest and West Coast.
Good morning Bbanbob, you’ve mentioned this nitwhit play several times, how can I be a nitwhit too or is it for a selected few? Lol
On that Note, Let me Thank Bill Kosturos, for his Role(Forced or Not) in Structuring a Return on My Investment!
At one point in time that was a true statement but, for Bill Kosturos to go and post about his Accomplishments and Boast about return of <100% for creditors and a return for equity before any of this Ordeal has comes to a Close, is a Message for All to Read.
T, my belief is that, we will have to wait until end of quarter(March). COOP’s Acquisitions and WMILT’s Settlements may need to be Aligned. Just my opinion.
T, I do not think so, I believe it’s was just Assumptions because of Lehman.
Incompetent Lawyers Do not Earn Millions of Dollars in Salaries and over $2.5 Billion in Billings. Also, a Incompetent Judge Would Have Allowed The Demise Of Equity! Not Everyone Thinks Like You And Those That Follow, Are Weak Minded Sycophants!
Lodas, it’s called the Privacy Act. They cannot disclose Their Clients Personal Business. There are many unanswered questions, but what matters at the end is that there is something they are managing. Remember these Attorneys rub elbows with the Attorneys who study, right and amend the financial Laws and Policies and use it to their Advantage. Not to mention, maybe this is their way of getting their Payment upfront rather than on Contingency or double dip on both forms of payments, hours and contingency.
J, weren’t they already on the schedule for the 17th of December? This might run into January through March..