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"Looks like the LIBOR 'Recoveries' were all imaginary."
Why would you say that, before there is any settlement announced? Odd...
Isn't that a 'bit large' for an offering of 750M?
"got a problem understanding all this stuff"
You sure do....
Don't the Bonds on the FDIC Receivership Balance Sheet need to be paid off first?
It is near the bottom of this page:
https://investorshub.advfn.com/Mr-Cooper-Group-Inc-COOP-11133
WMI Equity Escrow Calculator
https://docs.google.com/spreadsheets/d/1pwCKc7u2dfGuduf29OuF9u1Jag44gUl-q3ycCZgwz3w/template/preview?usp=drive_web#
Once the above page opens, click on 'USE TEMPLATE' in the upper right corner.
"read the documents, and stop being silly"
lodas, Show a Document that states the SHARES were cancelled.
The Prospectus's WERE cancelled, to allow the Common to participate before the Pref's were paid in full.
You must have misinterpreted my post. The shares were not cancelled, the Prospectus's WERE. That is the way that Common could get something/anything before the Pref's were paid in full.
" WMI states officially that, ALL COMMON AND PREFERRED SHARES ARE CANCELLED, EXTINGUISHED, AND ALL RIGHTS TO PREVIOUS DIVIDENDS ARE NULL AND VOID!!!!!!!!!!!!!!!!,,,, get the language ALL. ALL. ALL, ALL... now, whats not to understand about that statement "
Were the SHARES cancelled? Or, just the Prospectus's?
Nice to see the volume is up a bit....
Bill, Sounds right. For every $10B that comes back, P's = $1,000, U's = Approx $2.2.
This is from the old 'WMI Equity Escrow Share Calculator' if I recall.
I agree. It seems that some think they are being 'saved' for a share rebalancing.
I believe the bought back shares are 'retired'. Otherwise they would be in the Share Count. Currently, Shares Outstanding 64.72M.
imo, They would have to issue NEW shares for any 'rebalancing' of the count.
Why is this site showing different volume and share price from what Yahoo Finance shows?
"And doesn’t Dimon have 14M?"
Are you sure about that? He FORCED every former WAMU employee to sell their WAMU stock if the wanted to work at JPM. I would have thought someone would have called him out for going against 'his own rule'?
"Should get some real updates in about 40 days."
What is significant about 40 days?
I always wonder WHY he is selling? If he wants/needs money for a different purpose, why not borrow against the stock?
IF, this is truly a $200-250 stock. Why leave 60% profit on the table?
Thank you for this!
"1.2 Bil Legacy shares x 13.33= 159.96 Bill"
**NO**
1.2B x13.33= 15.996B
Clearly stated. Thank you.
"Jamie Dimon's comments and JPMorgan Chase actions seem contradictory: "
That is a bit odd? Surely he didn't just think of a share buyback yesterday....
I wonder what changed? Unless he suddenly thinks JPM shares are going to jump in value??
Filed Jun 28 2024
Chapter 11 Monthly Operating Report for the Month Ending: 05/31/2024 Filed by Garrett A. Fail on behalf of Lehman Brothers Holdings Inc.. (Fail, Garrett)
Debtor 08-13555 Lehman Brothers Holdings Inc.
View on Website
https://dm.epiq11.com/case/lbh/dockets/61672?debtorId=1906
I believe you are quite wrong about that. The FDIC sued 'on behalf' of the Banks. The $$ will go to the Banks, minus Litigation costs.
If You are in a car wreck, and your Lawyer wins 1 million dollars for you, does he get to use it to pay HIS bills?
" My suggestion is to sell the COOP at any price above $80+++ "
Why, some are predicting $200-$250 per share....
"I just read about this ‘napkin math’and 75-25
If 300 billion comes back does that mean 75 billion to commons?"
Yes, that is one of MANY theories.
We won't know for sure, until the end. It might not be likely, but I wouldn't say impossible.
I don't believe anyone means to be 'unwelcoming'. Most have been here close to 15years. It is unusual to get a new poster.
So, WELCOME, and good luck. 100,000 escrow is a good thing. At one point there were WMIH shares and then COOP shares attached to these escrows. You should be able to go back and find out about them, or ask Fidelity about them.
As for actual value and when, nobody here actually knows. We are all waiting. Many theories and guesses.
"I recently inherited 100k escrow shares"
How did you find out about the escrow shares, as they have been 'disappeared' from the Brokerage Statements for quite a while now?
Odd? This page shows 133,755 volume. Up 0.0201 (8.04%) end 0.2701
Yahoo Finance shows 85,900 volume. Up 0.0401 (17.4348%) end 0.2701
Last trade 3:18 PM
"I watch Sheila B saying on TV"
Well it's a good thing the TV always tells the 'truth'....LOL
"Libor is done".....Ignorant much?
" ask AI about..."
To those who might not know, AI is available to everyone.
Here are some sites:
https://openai.com/index/chatgpt/
https://gemini.google.com/app
https://www.perplexity.ai/
LG, This is how I see it.
When our original shares were converted to WMIH :
It took aprox 33 Common for 1 WMIH
1Pref. got aprox 20 WMIH
Neither of these numbers got reduced 12:1
ALL who held WMIH at the time of the 12:1 were affected...to their WMIH holdings.
If you think only 1 group was affected please explain.
Nice volume and upswing.
Like I said... RE-READ IT. You might actually become aware.
Re-read what they said. They gave a clue as to when.....
"CBA09 and DMDMD don’t have new posts with money coming back…."
Why would they need to make new posts? Just go back and re-read what they said.
">80k BUY at the close, someone wanted these shares IMO..."
ALSO, someone SOLD all those shares.....why?
Don't you wonder where the Holding Company is hiding?
Thank you for the link.