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Bob, this judge was called before CONGRESS to answer for her rulings. Remember? “Why didn’t you just cancel all classes?” I believe she knows everything that going on and just refused to sign on to that stipulation.
Oh yeah she knows...
Bob, I believe the judge knew but wouldn’t sign on to the fraud but now that it’s been brought up you in pleadings it must be addressed as if this is all brand new.
Sarcastically...yes
I suspect this little 1% was to split by certain parties as a reward for not complaining about the process.
I hope the filing is not too late.
I guess we’re watching for the last 3 cases to close at the court. Other than that I can’t think of anything.
That’s not so, JPMC knows the value and if this scenario happens, I believe the actual value will be worth 3-5 times book value.
Chase always wins. Like it or not.
Well next week will be exactly 7 years since we were issued WMIH shares. Hopefully it’s some milestone that has significance.
I wonder how far they are in arrears? I hope 7 years at least.
Thank you for that important reminder Royal.
You do know why Marta was expunged don’t you?
Gotta admit Royal, I used to get excited for these filings and delivery dates. But it’s hard now. Hopeful one day one hits.
ItsMy, I’m looking for a surprise disclosure around mid April for that trust. In my opinion, I think it changed hands at the end of Dec and they probably will wait to the last possible day to disclose. But in the meantime some loose ends will be tied up allowing for some good upward movement.
“Your gonna like what you see”. - Jos A. Bank
I hope we see the other acquisition before months end. I don’t think it will effect the next earnings call, but it might add a little jolt to the share price.
Royal, can you imagine if it’s just that’s easy? 7 years from the date they assigned the initial shares?
Your waiting on 2/22? That doesn’t make any sense? Why?
Oh my Az....this is gonna get good.
Az, any guesses on a conversion for P's?
I’m hoping for a conversion from preferred to commons and no 75/25 if that’s possible. Seeing that perferreds missed four consecutive dividend payments.
But we will see. And K’s get paid out.
Az, you don’t see this as a “we’re watching everything you do” type letter? What’s wrong with protecting your interest and letting the overseers know you expect all your returns?
I think that’s wishful thinking. This is the first time anything happened early for us in 10yrs. I honestly believe it has something to do with COOPs acquisitions. But hey,2/22 sounds like a good day if we have to wait.
I agree, I think an appeal has to go through the judge and she said she wasn’t going to allow it.
Do you think the 21day order comes into play?
Boris, I think its business as usual tmrw. We may pop up a bit, but no sign of how much we paid until the conference call in March. And by then we would have closed the 2nd acquisition also. The company formally managing these has closed up shop. And the employees claims couldn’t stop it.
I wish it was that easy Stevo...but at least we’re not waiting months for direction.
Justice, I know the first acquisition in tmrw. Does you know when the 2nd one is scheduled to close? Usually it’s buy the rumor and sell the news. So I thought the 1st acquisition was already priced in.
Let’s just wait till the 5th to see if a trail is requested or the employees are done. They might be able to do a special distribution if monies become available.
I think we will seamlessly transition this new company without any information on how much we paid. Like it’s a transfer disguised as a purchase.
Bban, I’m actually thinking the opposite. I think she sets dates for trial. This judge has not wanted to rule on this issue. And by going to trial she basically will put the FDIC’s tactics on trial and force them to compromise. I also think COOP will pullback on that news. I hope I am wrong. I think Rosen lied to the employees and strung them along.
Wow I wonder if this will effect COOPs closings at all?
Wow and on the date Lehman’s is supposed to close. Can someone say Hummmmm....
I would like to see real numbers based on this. So it’s like a reverse margin? Where you receive interest on your holdings while at the same time being able to cash out at any time?
All right, what’s VBRN...
Maybe after the old options expire?
Coop doesn’t trade options yet, but didn’t Nationstar? Wasn’t this discussed about a month ago? That we would need the old options to expire before we seen any real movement? I can’t remember...so much crap going on with this stock.
Is this a change is opinion from your Sept 25th post of 266B or in addition too?
Does payment mean completion?
Royal don’t we need a few things to happen before payment?
Adjusted DCR
Piers addressed
Employees finalized...just to name a few?
How do we know that this is not for lehman?
They are having arguments to close on 1/24/19?
Distro posted this earlier today...
WMIH: Here's how old shares relate in value to the new shares.
1 WAMUQ = 0.03349842 WMIH
1 WAMKQ = 0.4950146 WMIH
1 WAMPQ = 19.8005825 WMIH
1 WMIH = 29.85215422 WAMUQ
1 WMIH = 2.020142436 WAMKQ
1 WMIH = 0.050503565 WAMPQ
1 COOP = 12 WMIH
1 COOP = 358.2257064 WAMUQ
Thanks Distro....
So we move up on a downgrade and on less than 100k total shares trading? Really....