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Lucky, didn’t 1 P share equal roughly 19.8 commons? And one K share equal 1 P?
I can’t remember the conversion factor.
I think you mean 968 which is commons.
Many people will be highly upset if your right about the 75/25, but I don’t see any other way if that’s what the employees are indeed asking the judge to grant. The implementations of these filings will swing many accounts up and down by millions.
But everyone who holds any flavors of escrows will be fine.
Movement on EXTREMELY low volume.
That tells me this thing is wrapped extremely tight and those short shares are going to be needed for price control.
I think we see a major pop before March.
Well they said they would try and complete the process by March. The employees have been able to go forward after being told by multiple courts...No!! The FDIC and all appeals. But they have standing somehow in bankruptcy court. That tells me there’s smoke there. I hope the carve out takes care of them and we can move forward with COOP soon.
Sorry Az, How does this explain the timing issue?
Justice, COOPs next earnings announcement is scheduled for 2/28. So you would think these acquisitions would be done before then. I think these two would add 2-3 hundred million to the bottom line and tax free. I also think Lodas was onto something when he mentioned the expiring options of NSM this month. This hopefully will cause upward pressure on low volume.
Please continue to post...if it makes sense to you do it. I’ll figure it out later.
Dmd...you think they will Offer incremental payments on your estimates? Or everything upfront?
So we don’t have to “render unto Ceaser what is Ceasers” till 2020?
The US trustee is being told in 2018?
Humm, If that’s correct it looks like so final stipulations are coming into play.
And what would become of the P’s and K’s. If they just allow the common escrows to just start trading?
I don’t recall any other time we have seen no filing by the due date with no extension filed. Maybe something can happen by the end of the year?
Does anyone know if there was a filing last night?
I’m wondering if our delays into March 2019 will effect the 1Q acquisition COOP announced?
Let’s see if that gets pushed back a quarter.
I noticed that also, just didn’t think they would be able to drop it this low.
I don’t see anyplace for a signature therefore it might be “Ordered”.
And that probably has many of us frustrated.
Wow, that basically covers all basics.
NO MORE WAMU’s!!! I’m they can’t backdate this or we would be toast.
I was thinking the same thing. No one will touch this thing. Not even the judge. Too many rules skirted and information redacted.
Well, the judge said they can have more time and they asked for it.
I don’t know if this would stop the carve out Rosen requested though, that may still go forward.
Royal, I don’t think we’re entitled to back dividends, so this may not be us.
Can’t find it, you got a link?
Yes but this implies that the escrows will soon convert to Coop? You think it’s possible?
These are wise words and I will take your advice.
Thanks
Board, there’s no “maybe”. Somethings going on behind the scenes and it has a deadline.
Let’s see if she just signs Rosen’s order.
Unless something major has changed in the last 2 1/2 weeks. I don’t see how the judge can sign this order. Rosen’s done nothing he said he would. Weird...
I don’t know what to make of this. But it’s obvious Rosen needs to get this issue closed out now. The timing with the FDIC meeting today makes me wonder about a side deal that would satisfy the judge.
How did you get 394M? I thought 3.5B / 12 = +|- 300M.
Where did you get that from? That would be great if correct.
Sounds like they hit on all cylinders.
Curiously no NOL’s? Or am I reading this incorrectly?
So your not expected Jay to apply ANY NOLs tmrw on the earnings announcement?
Fred,
So your here to see what happens to escrows?
Correct, but I am only talking about how the stock could most be effected.
If we have $200-300M that could be drawn back with the NOLs. The stock price would go up $10-20 bucks easily. That’s what I’m hoping for right now. They can continue to be quiet on the escrow issue, but let’s see COOP rise.
Lodas, what will really help the stock is if they announce going back a couple years and applying the NOLs.
That would have a bigger impact than managing 65B worth of mortgages.
This is more than attorneys fees. There’s a message behind the no ruling.
Yeah, it’s all about the attorneys fees.
I hope these employees had these attorneys working on contingency, if not they in a bad spot.
Do you know the value of the filing and do you believe it’s just an initial offering?
I am wondering if the lawyer is still on vacation while her case and possible
Income disappear.
Nov 6 court date? I thought 11/6 was a deadline. But I am wondering if after 11/1, will the deadline still be necessary. I think the lawyers will beg and get something and leave the employees hanging. Case dismissed
We move forward before earnings are announced and then shortly afterwards the BK closed.
Royal I have no idea what this could possibly mean, do you?