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After 12.5 years, now it looks grim, lol, ridiculous..
Nd9
Mr Cooper Group: Statement of Changes in Beneficial Ownership
Filing Type 4
Description Statement of Changes in Beneficial Ownership
Filing Date 03/30/2021
https://investors.mrcoopergroup.com/financials/sec-filings/document-details/default.aspx?FilingId=14839048
That is what Nelson said in court... but if not in judge’s order, the what Nelson said doesn’t mean anything..
Nationwide to allow all staff to work remotely
Jake Carter
March 25, 2021
Nationwide has revealed plans to allow all 13,000 office-based staff to work remotely permanently.
This decision follows a survey of employees, which revealed 57% wanted to work full time from home.
In comparison, 6% wanted to return to the office permanently, and 36% wanted a mixture of both.
mortgage travel
Habito: Mortgage applications declined based on travel costs
As a result of the decision, the lender is leasing three offices in Swindon; it also intends to change its current offices, with fewer traditional meeting rooms and more collaboration spaces.
Branch employees will still be required to work from their respective locations.
Joe Garner, chief executive of Nationwide, said: “The last year has taught many of us that ‘how’ we do our jobs is much more important than ‘where’ we do them from.
“We have listened and learned, and we are now deciding to move forward, not back.
“We are putting our employees in control of where they work from, inviting them to ‘locate for their day’ depending on what they need to achieve.
“Our data suggests that working in a home environment encourages us to think more about the impact on others when making decisions.”
https://www.mortgageintroducer.com/nationwide-allow-staff-work-remotely/
Big Oil’s Hottest Prospects In 2021
By Viktor Katona - Mar 17, 2021, 7:00 PM CDT
2. Jaca-1 (São Tome and Principe)
The small island nation of São Tome and Principe might become the latest addition to the international list of oil producers in 2021. The Portuguese oil company Galp and its project partner Shell will drill the Jaca-1 (“Jackfruit”) wildcat in the second half of 2021 in its offshore waters, marking the first-ever time an offshore well is spudded São Tome and Principe. Jaca-1, located within the offshore Block 06, will be spudded in water depth of 2500 metres. The Galp-Shell tandem has carried out extensive 3D seismic surveying on Block 05, 06, 11 and 12 already in 2017, however due to organizational issues (Kosmos selling its stake) and then the COVID pandemic its drilling slid off its original timeline. Nigeria, Equatorial Guinea, Gabon – they all have sizeable offshore reserves in the immediate vicinity of Jaca, therefore there is ample reason to believe that the drilling campaign in São Tome and Principe is only shaping up.
https://oilprice.com/Energy/Crude-Oil/Big-Oils-Hottest-Prospects-In-2021.html
Split T, so are you saying that Tepper isn't one of the big boys? That the big boys can keep delaying and not paying Tepper (i.e. escrow owner), who as I recall, owns 800,000 WAMPQ?
How do the big boys keep from paying Tepper, Bonderman, Greywolf, etc? You don't think they want their money, like we do?
ND9
Krombacher, thanks for taking the time to explain your shorting hypothesis to me. That was a very interesting read.
thanks again,
ND9
It's the daily pump, pump, pump COOP Board, via JWW.
Krombacher, I hope you are correct but it seems to me, unless you shorted when erhe price was very low, say 0.001, there is really no reason to cover. That is, let’s say somebody shorted erhe when it was $1. So now price goes up to 0.003. So what, still no need to cover..
Am I missing something? Again, to have a short squeeze, you must be assuming the shorts, shorted, when price was less than 0.01 (a penny)..,
Nd9
BP and kosmos (partners) both have huge expenses ramping up the 100 TRILLION cubic ft of natural gas fields offshore Mauritania/Senegal.. The fourth largest find in history.
ND9
This link is 3/23 but 2020, not 2021.
Clawmann, actually, you are the one who needs to read all the words. You are wrong.
BP boss Bernard Looney puts withdrawal plan into execution
********************************************
https://www.africaintelligence.com/oil--gas_corporate-strategy/2021/03/16/bp-boss-bernard-looney-puts-withdrawal-plan-into-execution,109650647-bre
BP boss Bernard Looney puts withdrawal plan into execution
SAO TOME AND PRINCIPE
Issue dated 16/03/2021
As we predicted (Africa Intelligence, 21/10/20), BP is to withdraw from Sao Tomé and Principe. The group's local staff are selling off its vehicles and IT equipment, which are expected to be acquired for a low price by Agência Nacional do Petróleo de São Tomé e Príncipe (ANP-STP), headed by former justice minister Olegario Tiny. The office of the British major is expected to be closed completely by the end of March.
BP, which began its activity in the country in 2017 on blocks 10 et 13 alongside its preferred partner Kosmos Energy (headed by former BP production manager Andrew Inglis), has only spent four years in the archipelago. It has not done any drilling, contenting itself with a seismic survey as provided for by its initial exploration contract.
The group announced that it was abandoning its activities in Sao Tomé, along with those in Gambia and Madagascar, in 2020 following the arrival of new chief executive Bernard Looney. He wants to invest more in renewable energy and gas, setting aside zones where the group had begun prospecting for oil in recent years.
https://www.africaintelligence.com/oil--gas_corporate-strategy/2021/03/16/bp-boss-bernard-looney-puts-withdrawal-plan-into-execution,109650647-bre
This hypothesis was wrong in 2018 and is still wrong today.
AZCowboy was correct...... again!
ND9
Thanks AZCowboy!!
ND9
Isn’t credit Suisse one of the underwriters? They would know..
Desperado90, well said.
BBANBOB, are the UW’s really fighting? To date, doesn’t seem like that big of a fight, pretty one-sided...
As for people understanding the UW’s are stealing from other p holders...... I think people know that... but some folks are tired and would rather take 90% today than.drag this out a couple more years... you and CSNY might want to wait but not everybody is like you or maybe can’t wait for various reasons...
Jmho
Nd9
Killinger wasn’t powerless. When he saw what was going on, he could have held press conference and explained why wamu was sound and had lots of other assets, could have gone on CNBC to discuss, could have issued press release, could have held shareholders mtg, could have sold company, could have done reverse stock split to raise share price, could have moved cash from banks earlier, etc, etc.... face it, Killinger and other wamu executives led wamu down the path to be seized... sure, it was illegal, a crime, a conspiracy, but wamu shouldn’t have made themselves vulnerable in first place...
Oh wait, Killinger now writing a book 12.5 yrs later.... a little late..
Sure, you want more light on this now? Then the criminals will continue to delay and hide the sausage, and escrow holders will never get our money...
Equity Shareholders have juice:
Billionaire Tepper on buyer’s side of Palm Beach mansion sale closed for as much as $73M:
Never-lived-in house at 905 N. Ocean Blvd. was sold by longtime Palm Beachers Pat and Lillian Carney.
Darrell Hofheinz
Palm Beach Daily News
Feb 22, 2021
Hedge-fund billionaire David Tepper and his wife, Nicole, are on the buyer’s side of an off-market sale that closed Friday for as much as $73 million for a never-lived-in oceanfront mansion on the North End of Palm Beach, sources have confirmed for the Palm Beach Daily News.
https://www.palmbeachdailynews.com/story/business/real-estate/2021/02/19/billionaire-tepper-buyers-end-73-m-palm-beach-house-sources/4488473001/
“..... A man like killinger?” You think he is some great hero or something? He put wamu in a position to be seized.. he is no hero... so many employees and shareholders were hurt...
His book will mean nothing because after wamu fiasco, he has zero credibility.. who will take action based on his book? Biden, pelosi, Schumer, McConnell, lol...
Large Green, I hope we don’t have to wait for fdic receivership to close... you look at some of these very small banks, and it sometimes takes fdic 10+ yrs to close receivership... based on size of wamu, I hope it doesn’t take fdic 20-30 yrs.. not sure how fdic prioritizes these receiverships.. but I hope they have been working on wamu past 12.5 yrs and not just sitting around doing nothing...
Nd9
I remember reading something about that years ago... but what I like is that Kosmos has identified 5 prospects in EG waters, plus this year, they are drilling 3 EG infill wells... so they definite want to increase production...
Then 2 more prospects right on STP Block 5 border (just inside STP waters, and just outside in EG wanters)...
Just draw a line, from EG mainland, west through EG waters, ongoing production and more prospects, to STP Block #5, continuing west to STP Block #4...
It's all good.... last year was a big setback because of COVID-19 but with oil price rising, things could start getting interesting again...
JMHO
ND9
Kosmos Energy has identified 4 prospects in Equatorial Guinea (EG) waters, that are closer to the EG mainland than Sao Tome Principe (STP) waters...
Kosmos has identified 1 prospect within EG waters, but on the border (Western Edge of Block EG-24 and Eastern Edge of STP Block #5).
Kosmos has identified 1 prospect within STP waters, but on border (in STP Block #5, Eastern Edge, close to Western Edge of Block EG-24)
See page 15/21, investors presentation. See yellow "stars."
https://investors.kosmosenergy.com/static-files/3bd3f0ef-3129-415d-94b8-841eb6938eca
ND9
PS - Also note, Kosmos will be drilling 3 infill wells in EG, 2nd/3rd Qtr, 2021. Page 12/21.
There will never be justice for the crimes committed.. we might get something but that won’t be justice.. that is more like a payoff or bribe... just to get rid of us..
Planet Paprika, unfortunately, I do still believe the FDIC is somehow still involved... Not just because of the receivership but also, because they illegally seized WAMU and they probably want to make sure this crime is hidden, as much as possible, even 12.5 yrs later.
JMHO
ND9
This quote below could mean that disbursements won't all come at one time..... maybe one disbursement is from JPM, then maybe another comes later from WMIH, then another from COOP.... So that statement below is very subjective..
"I believe we won't know how well for at least five years"
I agree..
90 days... I thought it was 30?
Don't hold your breath doesn't mean something won't happen... it just means it might take a long time... well, it has been a long time so maybe it's time...
ND9
Those odds are much, much better than powerball and yet, we have powerball winners.
Mr Cooper Filing Type 4
Description Statement of Changes in Beneficial Ownership
Filing Date 03/03/2021
We have to pray that Tepper, Bonderman, Underwriters, force the puppet-master to distribute funds and or stock, and we get to ride their (ie, Tepper, etc) coattails..
Split t, nice find. I always wondered about all these wmi subs.. how come we never hear from any of the folks working at those subs? you’d think just once in 12.5 yrs one of them would post here, or on another board, or one of us might know one of them or maybe there is something in news about them but nothing.. just makes we wonder if these subsidiaries still belong to wmi...
As of December 31, 2012, we had U.S. federal NOLs of approximately $7.5 billion, of which approximately $6.0 billion was allocated to the portion of 2012 after the ownership change described below, that, if unused, will begin to expire in 2031. As of December 31, 2020, we had U.S. federal NOLs of approximately $2.6 billion, of which $2.5 billion were not subject to limitation under Section 382 of the United States Internal Revenue Code of 1986, as amended (the “Code”).
Washington Mutual Lives On As a SPAC
**********************************
February 14, 2014
Washington Mutual Lives On As a SPAC
The failed thrift's shell company could be a vehicle for Kohlberg Kravis Roberts' next leveraged buyout.
Vincent Ryan
Failed banks don’t always go gentle into that good night. Indeed, at least one is becoming a kind of special purpose acquisition vehicle or company, also known as a SPAC, for leveraged buyout giant Kohlberg Kravis Roberts, reported The Street. At an investment conference Thursday, according to The Street, a hedge fund manager said KKR’s next billion-dollar deal may come via WMI Holdings, the publicly traded shell company of Washington Mutual, the failed thrift.
The hedge fund manager, Stephen J. Errico of Locust Wood Capital Advisers, recently invested in WMI Holdings (WMIH) to benefit from any deals KKR makes. “Expect acquisitions to be announced sooner rather than later,” Errico said at the conference. In January, KKR made a “strategic investment” in WMI Holdings, including $11 million in convertible preferred stock and five-year warrants to purchase 61.4 million shares of common stock, according to The Street.
Why would KKR invest in a shell company? WMI Holdings, estimates Errico, has about $6 billion in net operating loss carryforwards, which could be applied to future profits to reduce tax liabilities. Next month, according to Errico, a two-year waiting period to use the loss carryforwards expires.
The assets and liabilities of Washington Mutual were acquired by JPMorgan in 2008, after the bank had been seized by the Office of Thrift Supervision and placed into receivership with the Federal Deposit Insurance Corp.
https://www.cfo.com/ma/2014/02/washington-mutual-lives-spac/
Azcowboy, I thought we were waiting for wmi to report, and not mr cooper? If wmi is the parent, then shouldn’t they make the announcement for 1 company, and all the subs?
Thanks,
Nd9
As of December 31, 2012, we had U.S. federal NOLs of approximately $7.5 billion, of which approximately $6.0 billion was allocated to the portion of 2012 after the ownership change described below, that, if unused, will begin to expire in 2031. As of December 31, 2020, we had U.S. federal NOLs of approximately $2.6 billion, of which $2.5 billion were not subject to limitation under Section 382 of the United States Internal Revenue Code of 1986, as amended (the “Code”).