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Wow, this will really muck things up if this goes forward...
I wonder how Alice will be able to get around taking about any assets outside of this courts jurisdiction when your not allowed to acknowledge anything.
Rosen is only taking about what is in front of the judge now, not what we believe.
Big uphill battle...
Civil, after thinking about it. I think the trust will take a page from the employees failed attempt for documents and site “FDIC confidentiality” and any hopes of transparency will be quickly dashed.
I think the employees had to ask the FDIC and were quickly denied and Judge Mary didn’t overrule. If that works, the trustee will just site confidential information with every question Alice’s counsel comes at him with.
Hope I’m wrong.
Thanks split for your post. So your calculations are just for COOP shares for assets not anything outside of the bankruptcy if they exist, correct?
Bob I own a boatload of k’s just like you.
Didn’t mean to upset there man.
Ron forgot to mention K’s in his equation and I wanted to see if his opinion changed.
Bob,
I guess the next date we’re waiting on is 6/30 for the DB Payment and see if they close out that issue? I fully expect them to sandbag any earnings in May’s stockholders meeting and crash this to the 6-8 range.
And K’s get cashed out with all back interest @ 7.75%?
How is the 72000 P’s not big money.
I probably don’t understand what’s going on, I’ll just admit.
As I believe this is a an opportunity to replace the trustee with Alice. He’s left himself way too open and the possibility of removing him will come up.
Az you might be right but there seem to be many lawyers jumping in the game. And I don’t think these guys are after a small payday or a go fund me account. I think they see malpractice and clawback possibilities.
Az do you think this is about stopping the transfer of 72,000 p’s? And why wouldn’t that be worth it even if you believe they only pay face plus back interest?
How did you come up with 840,000,000?
And is that after our preferred conversion in your opinion?
I think your correct LG, that’s why I’m waiting on 3/31/19 10k. We should see that in late May/June.
Yeah but that puts us out for a few bucks over the trading price. Unless we have more shares coming via a S4V we wouldn’t be able to do anything about it. And our only hope would be in escrows.
Yeah but it’s In the mist of all the downgrades. And there are other funds listed in the article.
Just saying, kill em with orchestrated downgrades while buying it up.
I meant to copy the link for you.
https://www.fairfieldcurrent.com/news/2019/03/29/20847-shares-in-mr-cooper-group-inc-coop-acquired-by-stratos-wealth-partners-ltd.html
So it might go down, but they’ll be plenty of players there to snatch shares up.
Notice the % owned by funds In article.
For every downgrade there’s one of these...
Stratos Wealth Partners LTD. Invests $243,000 in Mr. Cooper Group Inc (COOP) Stock - Friday, March 29th, 2019
Greed is impossible to control. They got us where they want us with no representation and no asset list. Yeah they can give us a couple billion after nothing in 10.5 years and we would celebrate.
What acquisition never happened?
I thought they had 2 in Feb.
Yeah I caught that after I asked the question, sorry bout that. It was early in the morning.
Do we know what Tranche Marta would fall on if their claim is allowed? It sure seems like they should be the responsibility of WMB.
Yes I believe your correct and if we’re going to take Rosen’s word. He did actually complete the employees claims by March. So maybe we can look toward the end of the year for closure.
Bob I think all the recent downgrades and Marta delay are all tied together. The recent downgrades mentioned a tough year and allowing things to clear up for 2019 (Debtload). Then instead of news as of 3/31 (Rosen Nov declaration), We get the possibility of Marta coming back and an attorney fee fight in the same week. I think the recent acquisitions and the March 2019 closing of the bankruptcy were supposed to coincide, but when COOP didn’t get what it was planning on, they had to account for the new debt they thought they were paying off. That’s when the downgrades came rolling in and the drop in share price.
I think they’ll delay Marta’s filing for a couple quarters and put us into late 2019 as a delay tactic. Meanwhile they’ll push the price down on good earnings. Heck they probably can get 3 or 4 delays on Bops filing just for more time.
And class 17B still hasn’t been addressed and that’s only after 18 has been satisfied.
They can delay this for another year easily and just blame Marta. Hope I’m wrong.
Why would you think it’s 324M when it clearly says the total value is 32M?
Well did you call TDA? Maybe they can explain what happened.
Hey bob as long as we’re still looking for the .44606 I’m good. Got a lot of shares of coop. You still looking for that to happen?
Thanks bob.
Bob, did split have any H’s? Could this have been a late payment on his H’s?
Coop doesn’t have any P’s.
Thanks for that Split T, I was so hoping this wasn’t another April Fools joke.
We wait and see...
Maybe this is why they want the 72,000P’s.?
Thanks bob, is 60 days around April 19th?
Maybe, but they can still use the time frame to file just like the employees did to the last day. It all falls in line with the 1st payment in the second quarter?
After all these years it’s safe to assume no ones in any rush to pay us even if they have more than 25M on hand.
They mentioned it in yesterday’s 10k so even if Marta doesn’t file, They’ll probably use the filing period as a delay tactic.
Royal, is it correct that Marta has 60 days to file from when piers were paid off?
Somewhere in Mid-April?
Royal I love your confidence, I mean on the same day as another 10k saying nothing now nor do we see anything in the future. Your looking for a check this weekend. I love it. I am wondering where do we go from here. If Bop hadn’t filed a challenge of fees, we would have nothing to look too for direction.
So we’re all asking the same question, why do you want P’s valued at zero?
So if we don’t see anything, we’re basically waiting on Marta to refile their billion dollar claim? With no time frame? What was Rosen talking about March 2019 for then?
Az, have we had any “taxable events” in the past that didn’t produce any actions?
Why do you believe something has to happen after this particular quarter?
Dmd, would this stipulation need the judge’s signature or just an agreement with the Trustee?
Cents, I know unjustifiable fees and creditor payments can be clawed back.
And we don’t know if anything was coming this month. There’s been no communication and we could be getting ourselves worked up for nothing.
Naw Ron, calm down. This should not add any time to our already forgone conclusion. March isn’t over and assets still need to be addressed AND reported if there available.