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And BENEFICIAL RECIPIENTS
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JJW, you said the following,
NO ESCROW HOLDERS ANY MORE
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HOWEVER, there ARE TIMELY SIGNED RELEASORS!
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There is one thing that most of us agree with and that is we will all be good...
HOWEVER, some will be better than good depending on their decision-making, An example would be those who signed Preferred Equity Releases such as the UWs.
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Could have been two different numbers when I discussed the errors on my account back in mid-year 2012.
Used to but it became non working
Xoom, a couple of actions, I believe.
1) There are at least two or three separate buckets of distribution and they will not all be at the same time
2) I believe COOP needs to issue Non-Reverse Split Preferred Equity Interests to timely signed releasors at a ratio of 1-1 and 36M shares of Common Equity Interests to timely signed releasors
3) JPM must pay timely signed releasors book value for what they took as specified in Amended POR 7 signed on 2/23/2012
4) Then I believe WMI is still alive in a DST where most of the Safe Harbored monies reside and that will come back in the form of non-public traded securities based on what your original investment was and can only be sold back to WMI as this will represent the Estate ownership and they do not want it to fall into public hands
5) Hopefully, we see developments in the second quarter of this year
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JHD51, you are correct. I had to speak with a lady from WMILT as they had some wrong information on my account. She returned my calls promptly and ensured the account was correct. All timely signed release and W9 went to the exact same address.
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The ONLY thing that is re-written is AZC re-writing his HISTORY!
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MyPlace, at some point COOP will have to explain who the new client they boarded as there are SEC ACT 34 requirements. Assuming this was boarded in the second quarter, then more than likely would have to report it with their second quarter report and yes that is about a month after the close of the second quarter but most likely will be reported during the second quarter when they signed agreements to take this business.
Normally for a Material Event and I have to assume this 90B would be material, then they would have four business days to report from the agreement date. There are some assumptions here but if they continue to hide something of this magnitude, they will only be digging a negative hole that does not make sense.
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1Q 2024 saw 52 bulk MSR transactions, COOP's biggest ever, up 50% from a year ago. COOP is the preferred buy for many MSR sellers. PYRO makes COOP the quickest and most accurate buyer.
"In addition to the new client we onboarded" ... (no mention of the name again ...)
$100Billion expected to be added in 2Q, split between MSR's and sub-servicing.
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Xoom, yes one of the two new guys but how does he know that he has Trust accounts and/or timely signed releases by 3/2012 as he posited other than assuming?
The reason I would like confirmation is because if accurate this is as close as we have been all these years to confirmation of distributions to those who signed a timely release by 3/3012!
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MadBadger, second request as you posted the following.
———————————————
2 New Executives!,
Good morning Board, The Infamous Kevin Barker from Piper Sandler always first in line to ask questions during Company conference calls and Ranjit from Wells Fargo! https://ih.advfn.com/p.php?pid=nmona&article=93699409
Two Major Shareholders and one of them holds Trust accounts of the Estate. Wow! This is Huge!
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Please show or explain where you found or came by the information you posted regarding two major shareholders and one of them hold Trust accounts of the Estate. This his not in the filing you posted
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NDT, I do not see it either unless he said it during the CC this morning but surely other people would have heard it as well.
No other comments regarding this potentially huge revelation.
..,
More filings.
https://www.docketbird.com/court-cases/In-Re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
4021. MOTION for Disbursement of Funds AFTER DETERMINATION OF REASONABLE
FEES DUE, IF ANY. Document filed by David Klusendorf. Return Date set for 5/6/2024 at 11:59 PM.
1. Supplement Notice of Motion
2. Affidavit Affirmation in Support of Motion
3. Supplement Memorandum of Law
4. Exhibit A Order
5. Exhibit B Affirmation of David Klusendorf
6. Exhibit C Retainer Agreement
7. Exhibit D Invoice
8. Exhibit E- Petition for Fee
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XOOM,
1) JPM is responsible for the 15B in (SD) now grown to about 34B
2) The SD was placed in Tranche Five (Equity last in line for spoils tranche 6) of the now officially closed and terminated WaMu bk cases effective Jan 20, 2020
3) JPM is also responsible for all of the assets they purposely took from the former WaMu Estate and must pay Book-Value for them such as 24B in shelf-ready MBS assets plus much more as it was illegal to seize the WaMu Holding company in year 2008
4) JPM was ONLT to receive Servicing fees for handling the 650B in 2008 MBS assets
5) So, much more to come at some point BEFORE JPM CEO Dimon departs in late 2026 OR BEFORE
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Newflow, here you go.
The legal group Akin and Gump are discussing the scope of what the Examiner can examine and what he cannot examine. We also have in there the part (b) of what is to be retained, and that is because in negotiations that we had with all of the settling parties, with the equity committee last week, with the FDIC, we did talk a great deal about the concept of the retained assets.
Now, it's my position, Your Honor, that the examiner doesn't need to know much with the retained assets other than say the assets are retained and therefore the liquidating trust can go ahead and pursue them. They will still be there; they can be carried through. But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.
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newflow, this was NOT Rosie speaking it was a lawyer for Akim Gump making the equity statements and the EC can go after it later as it will still be there.
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Boris, keep the following in mind in relation to Dimon’s departure from Chase as CEO and timing of distributions.
Dimon said first around March 2023 that he would probably be gone in three and one half years.
Think about that statement. Most people would say three or four years, in a few years, three years or even four years but he made a precise timeframe of three and one half years from March of year 2023.
So that would be in September of the year 2026. Hmmm, the very month they legally stole the 100 plus year conglomerate called WaMu.
I have always said Dimon will not leave the helm until he sees distributions as he and his cronies will make more off of their signed releases than in all of their years of salary and bonuses times a few in my view.
So the timeline my view for distributions is sometime between September of year 2024 and August of year 2026.
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The following posts show AZC suggests his XXXX he is always referring to is JPMC but it does not matter whether that or WMI or similar. The XXXX simply does NOT matter for our point of conversation but rather the alignment of a Grandfather or similar or yet to be announced name via a potential merger with WMI.
What it does prove is AZC is more aligned with some of us than NOT but cannot bring himself to admit this fact.
Re: AZCowboy post# 724521
Thursday, March 14, 2024 11:10:35 AM
Post# of 724530 Go
So you are suggesting 2 separate subservicers. Nationnstar servicing old Wmih mbs and other assets and Coop a subserviver of everything new? Both of which are owned by Wmih, with the parent company of xxxx? That could explain, i think, where our distributions might be released from.
AZCowboy
Re: johnlconfer post# 724516
Thursday, March 14, 2024 10:47:54 AM
Post# of 724530 Go
~ John, (Yes, answering John) ... So, now with COOP as an acquired loan servicing sub grouping (in 2018), the FDIC can and will be able to complete the seized WMB's sale to JPMC. WMI's producing sub's were intertwined with producing Trusts embedded within WMB. (the WMB Bonds, reveal the process) ... ~
early on in the Chpt 11 (Oct 2008), M Goldstein and B Rosen filed to include the WMI' (separate) producing subs into the WMI Holding Company's BK (Filed as Docket # xxxx) ... Judge Walrath "denied" that motion, and specified that those Subs would continue to function, separated from the WMI Holding Company's Chapter 11 filing and eventual reorganization in 2012' ...
... I believe that M Willingham and his financial backer, Venerable, also saw this happening back in 2008' at the same time that ol' cactus did ! ! ... (he' approached Joyce to be able to represent equity') ... now due to the Judges actions, the subs have continued to function throughout' ... pre and post WMI's BK ... now with the acquired sub grouping NationStar as the servicer, reporting as a corporate registrant only' ... NationStar Mortgage LLC being reported by an SEC allowed registrant for the entire corporate structure is hilarious LOL ...
the Preferred Managing Sub, cash in and cash out ... also PROVES this' as its SEC trackable pre and post BK submissions ... as a sub of WMI and then of WMIH ...
the specifically settled GSA was between WMI and the FDIC only', (JPM was allowed to be an intervenor only', but never needed to take any action) ... is the rest of the proof is revealed in Docket # xxxx as well as docket # xxxx ...
just sayin'
AZ
AZCowboy
Re: clintonj post# 724522
Thursday, March 14, 2024 11:21:13 AM
Post# of 724530 Go
~ Keep Up The Good Work, You Make Me Proud of You ! ! ~
the Proof and the original Chapter 11 Docket Filings, have now all come together within an elaborate initiated process' ...
the continuing of the WMB Bonds to function, ... The continuation of the WMI / WMIH Preferred Managing Sub, ... the Separated Capital Trust', etc ... and the need for the Reorganized Washington Mutual Holding Company, to eventually "Acquire" a loan servicing mechanism ... obviously now, NationStar and its Sub group "Acquired" back in 2018' ...
Have A Great Day
just sayin'
AZ
AZCowboy - YOUR VISION THAT CLASS 22 OWNS THE FORMER WaMu ESTATE & 75/25 OWNERSHIP IS LAUGHABLE
1) You also agree by your history of posts that the (OC) Ownership Change did not happen and/or does not matter
2) You further believe the Preferred and Common Prospectuses were not canceled and these carry on forward never being affected by the Delaware BK Court
3) You also believe the 75/25 ownership does not apply to Safe Harbor assets as class 22 owns all of this except for possibly two to four par coming for Preferred
4) So, let’s say I potentially agree with your posit then this means you have to agree to the following as one cannot cherry-pick whether the BK Courts affected the ownership rights of Safe Harbor assets or not
5) We know that in Oct of 2018, there was a Reverse Split applied at a 1-12 ratio to the common shares and the Preferred was NOT AFFECTED by the RS
6) So, using an example of 12,000 shares, then for every 12K shares you would now have 1,000 shares, and for every 12,000 Preferred shares you would still have 12,000 Preferred shares, so an ABSOLUTE TREMENDOUS difference in value for whatever comes back
7) Then of course for the kicker if that was not enough, since the former Prospectuses were not affected then that means Preferred still carries an OPTION TO EXCHANGE INTO COMMON SHARES at a very GENEROUS RATIO and sorry one cannot cherry-pick to make one’s case. Further, if the Prospectuses were not cancelled then Preferred is only entitled to $1,000.00 par Face Value….HmmmHmmm
8) So, again, do I need to explain why the PREFERRED are so much more well, PREFERRED
9) If you cannot comprehend the aforementioned, then maybe you can understand that the Reverse Split ONLY applied to common shares and not PREFERRED letting them maintain even much more, so well, THEIR PREFERRED STATUS HAS A HUGE PRIORITY by a 12-1 margin
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Sure as the company authorizes them but before they can be put to use there would have to be all the details including Face Amount
This save a company a lot of time when they are authorized before they actually need them by as much as two or three months. Plus they can quietly do it after time has pass because most people would have forgotten about them and just think they canceled their plans to use them. Less attention the better especially in this particular case and history
No Face Value attached YET but could be any denomination that works for the Big Money Players so could be 1K, 5K, 10K or more
They have had these authorized since the ED of March 19, 2012 so obviously they have had a plan for years and I feel the time is getting very close for them to put those shares to work. Yes, this is part of what we have been waiting for
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No, LG does not say there are ten million preferred authorized and shelf-ready shares available on a minute’s notice but the filings say this since the (ED) Effective Date of 3/19/2012 and again post Reverse Split (1-12) during October of year 2012 confirms the aforementioned!
So, get your facts straight. I have just educated some.
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Goodie, thanks for the clarification that assumes the ownership of assets at the 75/25 ratio would carry through, however ambiguous.
The ONLY reason this would be ambiguous with these highly trained and subject matter experts is because they planned it this way since Safe Harbor protected assets are not legally involved in an active bk case due to being well, PROTECTED.
The asset ownership if legally had to be explained would obviously (in my opinion) be in one of the 800 plus sealed document clarifying the ambiguous documents.
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I believe you are wrong and this is why.
1) The company filed two cases in the bk court
2) Then the bk court would have 100% control of the cases and even though theses cases are officially closed the Delaware Court still carries the power should anything come forward regarding same cases
3) All Safe Harbor protected assets mean are the Creditors do not have access to them snd these assets while not acknowledged by the court in an active bk case still come under the jurisdiction of the Delaware bk court since the filings happened there
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So what you are saying are the prospectuses the court canceled on 3/29/2012 were ALIVE during the bk cases but somehow those prospectuses are all DEAD for those assets that are in Safe Harbor
The bk court ruling on asset ownership would carry through to any Safe Harbor assets otherwise one would have dual ownership of assets.
Further, think about what you are saying. Prospectuses now alive, now dead even though the court canceled them. Impossible!
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For some reason, Ron wants to use previous PORs to the ONLY and FINAL, Amended POR 7, wants to ignore an (OC) Ownership Change on the (ED) Effective Date of 3/19/2012, wants to ignore the August 01, 2012 8K filing showing the 75/25 ratio for Preferred and Common equity interests and cherry-pick from previous canceled POR then wants everyone to believe him. Ron TOTALLY FAILS THE SMELL TEST!
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BBANBOB, can you imagine NOT GETTING a Reverse Split like Preferred Shares and then having the Option-To-Exchange-INTO-Common Shares? Almost feel sorry for Commons getting hit with a Reverse Split of 1-12. Then you have the asinine posits that commons will be worth more...UNBELIEVABLE ANYONE could THINK THIS WAY.
Now do I believe the Prospectuses are in force? NO, NO, and NO! The signed court filings show they were canceled. The result will ultimately show 75/25 to a DST near YOU provided you signed a timely release which by actions shows many did not.
The (APR) Absolute Priority Rule was removed for a reason. This was a total hurdle to pull off in Delaware court. The ownership of assets shown 75/25 as shown by an August 01, 2012 8K filing. This 8K filing would carry through to Safe Harbor assets whether these are recognized by the court or NOT.
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So Ron do you believe the filings or not?
1) On the (ED) Effective Date of 3/19/2012, ALL Preferred and Common Prospectuses were canceled along with ALL associated documents
2) On the ED, there was an (OC) Ownership Change with new common shares authorized along with ten million Preferred authorized
3) The ONLY plan that counts is the Amended POR 7 that was signed by the court on 2/23/2012 and ALL previous PORs do not exist according to the court, they were canceled
4) On August 01, 2012, an 8K filing was issued showing the ownership rights of Preferred Equity Interests at 75% and Common Equity Interests at 25%
5) In October of the year 2018 a Reverse Split of 1-12 for common shares authorized and Preferred Shares was NOT affected by the RS so Preferred shares stayed at 1-1 whereas common was 1-12
6) These are all concrete facts so if you want to pick and choose what you want to include or disallow then you are making the rules after the court signed off on all of these facts so have at it.
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BBANBOB, you said the following.
SO there ya have it
At 13% of face I make ALL my money and some bank, AT FACE it will be the single best investment I have ever lived in my life , SO HURT ME with 4.6 X's face
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As some want everyone to believe if the Preferred and Common Prospectuses are not canceled how can Preferred get more than FV? They cannot as that would be against the law so how do you do that? It seems to fit an agenda some pick and choose what fits then try to push that agenda
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Newflow, a great find, and thank you for sharing. DO NOT EXPECT much in the way of positive posts because these kind of facts are very discouraged and very much frowned on since it appears many failed to release and receive timely signed releases...so very sad
HOW DID WE MISS THIS?. CONSERVING THE ASSETS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
6.3 Limitations on Liquidating Trustee.
(a) The Liquidating Trustee shall, on behalf of the Liquidating Trust, hold the Liquidating Trust out as a trust in the process of liquidation and not as an investment company. The Liquidating Trustee shall be restricted to the liquidation of the Liquidating Trust Assets on behalf, and for the benefit, of the Liquidating Trust Beneficiaries and the distribution and application of Liquidating Trust Assets for the purposes set forth in, and the conservation and protection of the Liquidating Trust Assets and the administration thereof in accordance with, the provisions of this Trust Agreement, the Plan and the Confirmation Order.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm
Page 22
PACKAGED??
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AZCowboy - YOUR VISION THAT CLASS 22 OWNS THE FORMER WaMu ESTATE & 75/25 OWNERSHIP IS LAUGHABLE
1) You also agree by your history of posts that the (OC) Ownership Change did not happen and/or does not matter
2) You further believe the Preferred and Common Prospectuses were not canceled and these carry on forward never being affected by the Delaware BK Court
3) You also believe the 75/25 ownership does not apply to Safe Harbor assets as class 22 owns all of this except for possibly two to four par coming for Preferred
4) So, let’s say I potentially agree with your posit then this means you have to agree to the following as one cannot cherry-pick whether the BK Courts affected the ownership rights of Safe Harbor assets or not
5) We know that in Oct of 2018, there was a Reverse Split applied at a 1-12 ratio to the common shares and the Preferred was NOT AFFECTED by the RS
6) So, using an example of 12,000 shares, then for every 12K shares you would now have 1,000 shares, and for every 12,000 Preferred shares you would still have 12,000 Preferred shares, so an ABSOLUTE TREMENDOUS difference in value for whatever comes back
7) Then of course for the kicker if that was not enough, since the former Prospectuses were not affected then that means Preferred still carries an OPTION TO EXCHANGE INTO COMMON SHARES at a very GENEROUS RATIO and sorry one cannot cherry-pick to make one’s case. Further, if the Prospectuses were not cancelled then Preferred is only entitled to $1,000.00 par Face Value….HmmmHmmm
8) So, again, do I need to explain why the PREFERRED are so much more well, PREFERRED
9) If you cannot comprehend the aforementioned, then maybe you can understand that the Reverse Split ONLY applied to common shares and not PREFERRED letting them maintain even much more, so well, THEIR PREFERRED STATUS HAS A HUGE PRIORITY by a 12-1 margin
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1) During October of the year 2018, 12,000 COOP Common shares became 1,000 due to 1-12 Reverse Split
2) During October of the year 2018, 12,000 COOP Preferred shares were still 12,000 Preferred authorized shelf-ready shares
3) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's DO NOT SEE IT ALICE"S WAY
4) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's fought Alice tooth and nail TO STAY IN CLASS 19
5) IS THERE ANY REASON TO BELIEVE THE UWs who performed the very business/expertise WaMU required, DOES NOT KNOW WHERE THE LARGE GREEN WAS TO BE FOUND AND IS THERE ANY REASON TO BELIEVE THEY PICKED CLASS 19 BECAUSE THEY ARE STUPID
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Alice's opposing lawyers in her suit over the one percent told her they do NOT want an equal amount in Class 22 because (their words), we do not see it that way.
It should be easy to see why they do NOT see it that way due to the following. Let's take twelve thousand shares as an example.
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1) During October of the year 2018, 12,000 COOP Common shares became 1,000 due to 1-12 Reverse Split
2) During October of the year 2018, 12,000 COOP Preferred shares were still 12,000 Preferred authorized shelf-ready shares
3) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's DO NOT SEE IT ALICE"S WAY
4) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's fought Alice tooth and nail TO STAY IN CLASS 19
5) IS THERE ANY REASON TO BELIEVE THE UWs who performed the very business/expertise WaMU required, DOES NOT KNOW WHERE THE LARGE GREEN WAS TO BE FOUND AND IS THERE ANY REASON TO BELIEVE THEY PICKED CLASS 19 BECAUSE THEY ARE STUPID
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LIBOR SETTLEMENT NOW HAPPENING? Thanks goes to Ron on BP
Libor settlement may be happening now.....
Thanks Ron.
LETTER MOTION for Conference Regarding Preliminary Approval of Exchange-Based Plaintiffs' Settlement with Remaining Defendants addressed to Judge Naomi Reice Buchwald from David E. Kovel and Christopher Lovell dated April 9, 2024. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB.
Alice's opposing lawyers in her suit over the one percent told her they do NOT want an equal amount in Class 22 because (their words), we do not see it that way.
It should be easy to see why they do NOT see it that way due to the following. Let's take twelve thousand shares as an example
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1) During October of the year 2018, 12,000 COOP Common shares became 1,000 due to 1-12 Reverse Split
2) During October of the year 2018, 12,000 COOP Preferred shares were still 12,000 Preferred authorized shelf-ready shares
3) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's DO NOT SEE IT ALICE"S WAY
4) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's fought Alice tooth and nail TO STAY IN CLASS 19
5) IS THERE ANY REASON TO BELIEVE THE UWs who performed the very business/expertise WaMU required, DOES NOT KNOW WHERE THE LARGE GREEN WAS TO BE FOUND AND IS THERE ANY REASON TO BELIEVE THEY PICKED CLASS 19 BECAUSE THEY ARE STUPID
Now this is a PERFECT FACT
DECISIONS THAT LED TO FAILING TO SIGN TIMELY RELEASES
***ASK JWW*** XOME HAS NOT BEEN SOLD AS XOME MAY HAVE SOLD A XOME SUB BUT TIMELY SIGNED AND RELEASED INVESTORS PROBABLY STILL OWN XOME
Mr. Cooper Group Inc. (“Mr. Cooper”) announced today that it has entered into a definitive agreement to sell its Xome Valuations business to Voxtur Analytics Corp. (“Voxtur”). The sale is expected to close in the third quarter of 2021,
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HERE is THE REAL COLD FACT THAT CAN BE DISTURBING
JAY BRAY SAID YEARS AGO THAT XOME COULD BE WORTH BETWEEN 800M and 1.5B SO IF XOME WAS SOLD HOW CAN THESE LARGE NUMBERS NOT BE MATERIAL...VERY SIMPLE XOME HAS NOT BEEN SOLD PERIOD
Consideration for the sale is not material.
XOME HAS NOT BEEN SOLD AS XOME VALUATIONS BUSINESS IS NOT XOME PERIOD AND THIS WOULD BE A SUB OF XOME
***SORRY ABOUT YOUR FAILED TO OWN TIMELY-RELEASES BY 3/2012***
Mr. Cooper Group Inc. (“Mr. Cooper”) announced today that it has entered into a definitive agreement to sell its Xome Valuations business to Voxtur Analytics Corp. (“Voxtur”). The sale is expected to close in the third quarter of 2021,
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BBANBOB, then factor in the RS common shares and Preferred issued 1-1 with NO RS and find out the TRUE VALUE. Let me again ask, is there any reason to NOT UNDERSTAND WHY THE UWs wanted class 19? I do believe this is a third-grade elementary math question they could easily answer.
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