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~ LOL', It Goes Like This ~
~ Your Don't Have To Be The Smartest Person In The Room, You Just Need To Be Smart Enough To Figure Out, Who The Smart People Are ~
... Go COOP', Go COOP', ... the COOP BOD's Will Get It Done' ... "everyone, individuals and institutions alike, all wait together" ...
... LOL' ... Happy Thanksgiving Day Holiday ...
just sayin'
AZ
~ "Again ?", "COOP" and its BOD's', are obviously involved with the reorganized WMI, now to WMIH' as symbol "COOP", and' ... The SEC Reported ASSET's as well as the "ASSET MANAGEMENT" of the Entire Company' ... this includes, the ASSET MANAGEMENT of the Original WMI Securitizations that were held outside of the WMI Holding Company's BK's, ... and, obviously the awareness of the WMB Note's as well as ... again, everything' ... that was not considered to be a part of the BK's ...
... "ASSET MANAGEMENT" ... yes, the exact wording' ...
... So, ... having said that, ... the WMB Notes', and their "RECENT" Broker Directive issued Updates and Directives' Given, ... Now' Fall Under ... "ASSET MANAGEMENT" ... and NOT JPMC's ... The Corporate Bond Descriptive, Has Now Also Recently Been Changed', ...
... Washington Mutual Inc', ... Obviously Used a massive network' of financial production' subs' ... It Is' and Has Been' My Opinion, that the "Securitization Process" used by WMI', was reasonably the same throughout', ... whether a 144(a) (domestic), or a Reg-s (international) issue' ...
... it's all good' ... the recent WMB Note Changes and Updates, are meaningful to ... EVERYTHING' ...
~ Do Your Own DD ~
~ Know What YOU Own ~
AZ
~ "Again ?", Yes9, the Possible Increase of COOP's pps to $50.00 and above ?, Is a pps threshold which would allow for the COOP BOD's' to Utilize the "Debentures" as Debt Collateral ~
just sayin'
AZ
~ DM and (well, almost') ALL', Keep On Smiling Brothers and Sisters, LOL', A Bit of AZ' Thanksgiving Holiday Fun' ... "ASSET MANAGEMENT" ... Would NOT' Be A Part of the WMB Note Update & Change actual wording' ?, ... IF' ? ... There were no Assets' "TO BE" Managed' ... (emphasis on "recent" changes & updates'), ... LOL' ~
... Go COOP', Go COOP', Go COOP' ...
Have A Great Holiday' :) (well, to almost everyone ?', monkeys don't get a seat at the table' LOL)
just sayin' :)
AZ
~ GetnOttaDet, OH Yeah, WE'RE Totally 100% GOOD', The "RECENT" Need To Update the Bond Directives ?, and NOW ?, Is An Extremely GOOD Sign That "WE", along with "COOP" Will Be Moving Forward' ~
... otherwise, ? ... as they have shown for many years, prior to these "RECENT" Broker Directives "JUST" Given', ... nothing would have needed to be "Broker Directive "Changed" ...
... givving a sheeeeeewet' ? regarding who can see the changes or not ? ... is 100% completely irrelevant ... I Can', in my accounts, and With My Own Eyes' ... period' ...
Go COOP', Go COOP' ... Go COOP' ... the FDIC has exposed itself' to its creation of its own accounting methods' ... but, ? it no longer matters' ... the Process is moving forward' ...
AZ
~ I Highly' Suggest A Simple Check Of' an Individual's Own Brokerage' Account, "Everything Financially Pertinent" ?, ... Will Be There', But Only "IF ?", One Is A Direct Owner of the "Properly Purchased" WMB Notes', and From A Direct Provider', and Not From Any Third Party' Provider, ... along with, An Owner of DTC' Issued ESC Cusips, 992's 84's and 968's and what each of them "individually" represents' ... and now, after all of the opportunity's, over a number of years, Nicely Built Position(s' plural) in COOP' ~
... Otherwise ?, it doesn't matter, why would it ? ... "other than" ... with the Broker Directives now being given to a Direct Provider', and a Direct Owner', (like AZ) ... It Is A VERY, VERY, good sign that the "Process" is ALL moving forward in proper fashion' ...
... "COOP" and its BOD's will ? and obviously ARE going to get this done' ... and the FDIC went way' out of its way to create its own deceptive' accounting methods' ... Footnote 2'
~ Use Your OWN Noodle ~ (or not, LOL)
~ simply a case of pee-wee's worried and concerned about another's holding's ? ~ ... it doesn't matter' ... why ?, would it ? ... (duh)
"it is what it is" :)
just sayin'
AZ
~ Make A Choice', Be An Investor', Either Invest in "COOP" ?, (or not) and KNOW WHY' ( ~ Know What You Own ~ ) ~
... I Would Recommend To "EVERYONE", To Create Your Own "Napkin Math" At This Point In Time, Revolving Around The Profit That Is Available aligned with INDIVIDUAL Holdings, in an INDIVIDUAL's Broker Accounts' ... Openly Available Shares of COOP', ... Properly Acquired WMB Note' Holdings', ... and, the Individualized DTC's Issued 992, 84, and 968' ESC Cusips' ...
... I Have Revealed My Own WMI to WMIHC to WMIH as symbol "COOP" DD', Now Over Many, Many, Years, ... as well as the Recent Changes Being Made to the WMB Notes' ...
Yes', the Recent Directives and Changes made to the WMB Note's Are Truly Amazing To Me at this late date' ... along with the FDIC's Balance Sheet's Footnote 2', ... with the FDIC's creation of its own accounting mthods that somehow don't require the reporting of the $14.8 Billion DB's Claim and the WMB Notes, Interest earned, lost, and any taxation responsibility's that have been taken care of ...
Along with a continued deeper study of the ... "WMIH Preferred Managing Subsidiary" ... going way back to prior to the Seizure of WMB', and the BK Filings of WMI ... (how was all of that missed by "aya" and her supporters again ?)
... Openly trading positions and Share Ownership of symbol "COOP" ?, ... are obvious', and have been a good investment, when following the available entry points available over the last years since latter 2017' ...
... Considering the functioning and the progression of the ... WMIH Preferred Managing Sub' ... ? ... Is An eventual Big Deal' ... what's left ? ...
... Considering the BK' Separated WMI Sub Network and the WMI "Poison Pill", the WMI Capital Trust Is Also a big deal ...
~ Do Your OWN DD' ~
~ KNOW what YOU Own ~
~ STOP worrying about other's that DO NOT Matter To YOU ~
~ Watch The Company', It Is The "Tell", and KNOW WHY' ~
~ STOP Asking How Much ? and When ? ~
~ READ The Company's SEC Filings, It's ALL In There ~
just sayin'
AZ
~ John, Yes, the "WMB Note", "Corporate Bond Description" Has Now ALSO' Been Updated' In My OWN Accounts ~
... Yes Along With The "NEWLY" and "RECENTLY" Updated Managing Bank' ... which again, ... IS NOT JPMC' ...
What I'm finding to be a bit bothersome' after all of these years', ... is the FDIC's Balance Sheet's "Footnote 2", ... which has somehow allowed for the FDIC to apply its own version of an accounting method', ... which DOES NOT ALLOW for any of the considerations of interest earnings', losses, or taxation' ... Yes, Footnote 2', Is There For ALL' To Read ... shameful, shameful, shamful, ...
... Had an honest and an accurate accounting method been utilized by the FDIC ?', ... Those Claims, equaling some $14.8 Billion Dollars, would have obviously changed, if not zeroed out completely after all of these years of interest earnings, minus any taxation responsibility's ...
... A Direct Owner, (like AZ) that used a Direct Broker (like AZ) Finra Compliant (like AZ), should ALSO be in a current position to witness these updates in their own account (like AZ) ... anything else ?', third party purchasers', debate, argument, comments or questions' etc., DO NOT MATTER' ... "it is what it is" ... I'm witnessing these directives, changes, and updates, with my own eyes, and in my own accounts' ... period' ...
The DB, along with the Senior and Subordinated Debt Claims, equaling some $14.8 Billion Dollars showing against the FDIC, will dissipate' from the balance sheet' ... as the WMB Notes Begin To Distribute', ... any other remains, other than those particular claims showing, will be returned to the company ... "COOP" ... and its BOD's ...
... Things Are Moving Along ... Go COOP', ... it is the "Tell" ...
~ Know What You Own ~
AZ
~ Goodie', I Would Suggest A Call To Your WMB Note', Managing Broker, to Address This Issue' ~
... the WMB Note Changes and Updates' Have Recently Been Made' ... period' ... That ?, Is As Much As I Will Reveal' ... In My Opinion, ... again, I would suggest contacting your broker, and make sure that when distributions begin, that YOU, as an individual, will also be on the receiving end' ... as well as the broker' ...
AZ
~ ND9', No I Have Never Said The UW's Made Any Mistake or Error' ~
... I simply look at this issue somewhat differently, than this issue has been twisted up to be' ...
FIRST' ... the UW's Issue was part of a settlement ... as assigned to the DCR, to be managed by the "wmi-lt" ... now finished with any financial relevance' ...
SECOND' ... as "Defendants", the UW's needed to respond to the "aya"'s Plaintiff Charges Against Them' ... it's simply how our legal system works' ... If a plaintiff's charges are accepted for review', by the Court', there must be a response by the accused party', the Defendants', or those filed against, ... if ?, no defendant response is filed, the Defendant's automatically lose and the Plaintiff' wins by default' ... "aya" was the Plaintiff' ... but ?, continued to lose' ... due, in my opinion to sloppy preparation' ... this was a purposeful delay', with a support group' ...
I also stated back in March of 2019' that these Plaintiff Submissions were sloppy and poorly researched' ... just sayin' ...
In My Opinion, ... the UW's have responded to the Settlement', as well as to the litigation filed, all in proper form ...
the "employee claimants", stated openly that their intention was to unwind Judge Walrath's Approved Plan' ... "aya" tried and failed at a different approach to disrupt Judge Walrath's Plan' ... Both Tried To Get a Court Approved WMI Reorganization' Re-Do, ... and BOTH attempts Failed Miserably' ...
Remember, ... None of the Certs' have had any loans replaced', for a very, very, long time ...
AZ
~ NH, I Would Recommend To You (and to everyone) To Create Your Own "Napkin Math" At This Point In Time, ~
... I Have Revealed My Own DD', Now Over Many Many Years, ... Yet', the Recent Directives and Changes made to the WMB Note's Are Truly Amazing To Me at this late date' ... along with the FDIC's Balance Sheet's Footnote 2', ... not to mention a deeper study of the ... "WMIH Preferred Managing Subsidiary" ... going way back to prior to the Seizure of WMB', and the BK Filings of WMI ...
... Openly trading positions and Share Ownership of symbol "COOP" ?, ... are obvious', and have been a good investment, when following the available entry points available over the last years since latter 2017' ...
... Considering the functioning and the progression of the ... WMIH Preferred Managing Sub' ... ? ... Is A Big Deal' ...
... Considering the BK' Separated WMI Sub Network and the WMI Poison Pill', the Capital Trust Is Also a big deal ...
There's a lot' ... and earlier today, I made a typo' ... there are no 994's just 992's, 84's and the 968's ... "interesting" how there was no mention at all of all of the other information made' ... "typical"
just sayin'
AZ
~ A Current', WMIH', symbol "COOP" NasDaq Open Position, ... WMB Notes' Direct Ownership (showing the recent changes & broker directives given'), ... and, the Original WMI Released WMI Common Shares, now tracked by the DTC Issued ESC Cusip # 939ESC968, ... Are Financially Relevant to a "Current" Owner' of These (original) WMI Financial Products' ~
... Upon my continued reading and study of the Company's SEC Submissions, and In My Opinion ?, ... These "Three" Are The Money Makers' ... (1) Released WMI Commons, (2) WMB Notes', and (3) a Current Open "COOP" position, ... along with the original Series S ($25,000.00 per) Already Converted, prior to the seizure and BK's Filed the S Series Preferred, converted to Common Shares' ...
The WMI SEC Filings, report the P (992) + K (84) Fixed Income Bonds, in the negative (billions) just prior to the BK filing' ... the WMI, transitioned to the "WMIH Preferred Managing Subsidiary"
... Although AZ is ownership' very heavy in WMB Note Ownership', and, 4 account strong, NasDaq open COOP Positions, and many released DTC Cusip # 939ESC968' WMI commons (yes, more than MW') ... Yes, I also bought the 992's and the 84's as well' ...
anyway' ... "COOP", and "COOP"s BOD's, will move us forward, ... Go COOP', Go COOP', ... "COOP Is The "Tell" ...
In My Opinion ?, after reading what was in the WMI Preferred Managing Sub', prior to the BK's. and then following the inbound revenue. that was used to pay the run-off notes, and KKR's 3% quarterly CASH Coupon, ... ? ... Currently ?, ... I'm NOT Expecting anything financially "great" coming from the WMIH Preferred Managing Sub', to be issued back to a 994' or an 84' ... something ?, obviously as the DTC ESC Cusips remain, BUT ?, nothing great' ...
just sayin'
AZ
~ Neither the WMI Reorganizations Court Approved Docket Filings, or the WMIHC, to WMIH, now as Symbol “COOP”, SEC Filings, Have Purposely Deceived “Anyone” ~
… All of these extremely relevant documents, have simply been misunderstood and misrepresented … or WORSE’, … Totally Disregarded and And Ignored …
However, … none of any of that matters “It is what it is” … Go COOP’, Go COOP’, …
just sayin’ :)
AZ
~ Well Done', "Finally", Another Actual Document Reader !, Actually Related to symbol "COOP" in its Present Tense' ~
... Correct, ... These, as listed, were the KKR Requirements ...
https://www.sec.gov/Archives/edgar/data/933136/000156459016014568/R7.htm
now, moving forward' ... staying TRUE to the Company's SEC Submissions' ...
https://www.sec.gov/Archives/edgar/data/1520566/000152056618000004/nsmhinc1231201710-k.htm
PROPOSED MERGER WITH WMIH CORP.
On February 12, 2018, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with WMIH Corp., a Delaware corporation (“WMIH”), and Wand Merger Corporation, a Delaware corporation and a wholly-owned subsidiary of WMIH (“Merger Sub”). The Merger Agreement provides that, upon the terms and subject to the satisfaction or waiver of the conditions set forth therein, Merger Sub will merge with and into the Company (the “Merger”), with the Company continuing as the surviving corporation and a wholly-owned subsidiary of WMIH.
Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the “Effective Time”) and as a result of the Merger, each share of the Company’s common stock issued and outstanding immediately prior to the Effective Time (other than shares owned, directly or indirectly, by the Company, WMIH or Merger Sub or by any Company stockholder who properly exercises and perfects appraisal of his, her or its shares under Delaware law) will be converted into the right to receive, at the election of the holder of such share, (i) $18.00 per share in cash, without interest, or (ii) 12.7793 shares of validly issued, fully paid and nonassessable shares of WMIH common stock, par value $0.00001 per share (“WMIH Common Stock”), subject in each case to pro rata cutbacks to the extent cash or stock is oversubscribed (the “Merger Consideration”). The aggregate amount of cash to be issued as Merger Consideration in the Merger will be approximately $1.2 billion. The Company’s stockholders must make a cash or stock election at least three business days prior to the closing date, and election forms will be mailed at least twenty business days prior to the election deadline. In addition, WMIH has secured $2.75 billion of financing commitments in connection with the transaction. The Company’s existing senior unsecured notes of approximately $1.9 billion is assumed to be repaid at closing.
Pursuant to the Merger Agreement, immediately prior to the Effective Time, subject to certain exceptions, (i) each then-outstanding share of Nationstar restricted stock will automatically vest in full and be converted into the right to receive the Merger Consideration, in the form of cash or WMIH Common Stock as elected by the holder thereof, and (ii) each then-outstanding Nationstar restricted stock unit, whether vested or unvested, will automatically vest in full, be assumed by WMIH and converted into a WMIH restricted stock unit entitling the holder thereof to receive upon settlement the Merger Consideration, as elected by the holder, as described above with respect to shares of Nationstar restricted stock, with such payment of cash or delivery of WMIH Common Stock as soon as practicable but no later than three business days after the Effective Time.
The Company has made customary representations, warranties and covenants in the Merger Agreement, including, among others, covenants (i) to conduct its business in the ordinary course consistent with past practice during the interim period between the execution of the Merger Agreement and the consummation of the Merger; (ii) not to engage in specified types of transactions during this period unless agreed to in writing by WMIH, whose consent cannot be unreasonably withheld, conditioned or delayed; (iii) to convene and hold a meeting of its stockholders for the purpose of the adoption of the Merger Agreement by the Company’s stockholders; and (iv) subject to certain exceptions, to include the recommendation of the board of directors of the Company that its stockholders approve the adoption of the Merger Agreement in its proxy statement for the foregoing stockholders’ meeting. Each of the parties has agreed to use their reasonable best efforts to cause the Merger to be consummated, including obtaining required regulatory approvals, provided that neither WMIH nor any of its affiliates will be required to agree to or accept a Burdensome Condition.
The consummation of the Merger is subject to various conditions, including the following mutual conditions to the obligations of the parties: (i) the adoption of the Merger Agreement by the holders of a majority of Nationstar’s outstanding common stock; (ii) the approval of the issuance of WMIH Common Stock in the Merger (the “WMIH Share Issuance”) by a majority of all votes cast by holders of outstanding shares of WMIH Common Stock and preferred stock (voting on an as-converted basis in accordance with WMIH’s amended and restated certificate of incorporation); (iii) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (iv) obtaining required regulatory approvals as specified in the schedules to the Merger Agreement without the imposition of a burdensome condition that would have a material adverse effect on Nationstar and its subsidiaries, taken as a whole, following the Merger (“Burdensome Condition”); (v) the effectiveness of a registration statement on Form S-4 relating to the Merger; (vi) the approval for listing the WMIH Common Stock issuable in the Merger on the NASDAQ Stock Market LLC, subject to official notice of issuance; (vii) there being no law or injunction prohibiting consummation of the transactions contemplated under the Merger Agreement; (viii) subject to specified materiality standards, the continuing accuracy of certain representations and warranties of each party; and (ix) performance by each party in all material respects with its covenants. The receipt of a tax opinion from WMIH’s tax advisor that there should not have been an “ownership change” (within the meaning of Section 382(g) of the Internal Revenue Code) since March 19, 2012, and the Merger, taken together with the other transactions contemplated by the Merger Agreement and occurring on the closing date, should not result in such an ownership change, is a condition to the obligations of Nationstar to consummate the Merger.
... So, ... "NO OWNERSHIP CHANGE" ... hhmmmmm ?
(There is way to much irrelevant nonsense posted) ... that doesn't matter, ... "it is what it is" ...
just sayin'
AZ
~ Any "Direct Owners" of the WMB Notes', Would Not Have Any Questions, and Would Be In A Position To "SEE" in their own account, ... The Updated Broker Directives and Changes That Are Being Made To The WMB Notes' ... ~
(the Fidelity Platform, Is A Third Party Provider, for anyone that may be interested', hhhmmmm ?)
... and again, shame on the FDIC for concocting their own special accounting practices, which, as stated', did not account for the interest earnings, or losses, and the taxation requirements, for the WMB Notes, and the DB Claim equaling some $14.8 Billion Dollars Showing as Claims' continuously for years', and never changing on the WMB / FDIC Balance Sheet' ... Footnote 2 ... shameful, shameful, shameful, for the FDIC to do this' ...
just sayin'
AZ
~ ND9', You Are Welcome', ... "Getting Screwed ?" ... Is A Relative Consideration Regarding an Eventual Distribution Return to an 84' or a 992' ... right ? ... "eye of the beholder"
... My Views Are That "An Eventual Return" for an 84' and a 992' are truly "A Given" due to a few facts' ... First', of Course is the continuation of your DTC's Issued ESC Cusips' needing to be maintained in your account' ... the Second', is as of the last trackable SEC submission in latter 2018', ... the Expenses I have posted about, had been completed as of the last 2017 entry, and the WMIH Preferred Managing Sub, ... WAS NOT EMPTY', ... so, inbound revenues would have continued and been a future tense consideration through to the present tense' ...
... An Honest Take Away would be that ... the WMIH Preferred Managing Sub', ... would be controlled by the "COOP BOD's, ... the returning distributions would be separated by ESC Cusip', (NO 75/25 baloney), ... AND', ... the Amount of Available funding ?, would be reasonable numbers' of inbound earnings' ... NOT The crazy billions of dollar considerations' ...
The 968's and the WMB Notes are a totally separate consideration, ... just as a share of "COOP" purchased' or sold ...
Thanks'
AZ
~ Currently ?, AZ's ONLY' interested in the financial returns' "the money" ~
... obviously' WMIHC', to WMIH's, now symbol COOP's entry or add on, participations points made available, and tremendous pps increases ever since latter 2017', as the "Tell" ... now, the recent WMB Notes Broker Directives' that have been given to the Direct Owners' (like AZ) , ... and obviously', the BK Separated', Outer Sub and Capital Trust', 968's common share owners' ... and ?, whatever "is left over" in that "WMIH Preferred Managing Sub", now, Managed by the COOP' BOD's, for the 992's and the 84's remains' ...
... Go COOP', Go COOP' ... :) ... ""it is what it is"" ... Rock On, WMB Notes, COOP positions, the released DTC issued 939ESC968's ... and, the rest' of it' ...
AZ
~ ND9', I Am Considering and Posting "Everything" That Is Submitted Within The SEC Filings' Regarding The Company, First WMI, now WMIH as symbol COOP ~
... the sub we are discussing, ... now, The WMIH Preferred Managing Sub' ... and its SEC Filed financial entry's, showing that it does fall under the direction of "WMIH" now COOP, and can be tracked to latter 2018 through the NationStar Acquisition Is There For ALL to review' ... the subs financial reporting shows inbound revenue's and also shows the use of the funding being used to pay the run-off notes as well as the KKR $18,000,000.00 dollar 3% quarterly coupon in CASH', coming out of that sub' ...
I'm following the documents and the SEC submissions, ... without any interjection of whether or not these SEC filings are flawed, whether the money gets paid back, what hedge funds would allow or not allow, or, what the UW's were thinking ?, ... etc. ...
... I believe if its been filed by the Company', on the SEC site ?, it is important' ... and deserves a proper consideration ...
... at a minimum, these multiple Company SEC Filings, reporting these particular sub's financial transitions, which are relevant to a preferred holder, prior to the delaying' multiple litigation losses', ... could have easily been considered by "aya", and her daily support group' ...
The Entry's I have been posting about, ... are there for ALL to see' ... regarding the ... WMIH Preferred Managing Subsidiary ... which prior to the 09/2008 BK & Seizure, was the ... WMI Preferred Managing Sub' ... also able to be reviewed for many years now, on the SEC Filings'
AZ
~ ND9, "Clarifying", The Preferred Managing Sub', First' (pre-BK) From The WMI SEC Submissions and then Second' (post reorg, and plan implementation) from the WMIH SEC Submissions', Is Trackable', I Can "SEE" within the filings, with my own eyes' the inbound revenue and the expenses being paid' out' ... which include the Run-Off Note Fees, and the $18 million in 3% quarterly cash being paid to KKR' ... I lose track of it in late 2018' right after the NationStar Acquisition', ... ~
So, that's what I mean when I say ... "whatever is left over" ... with the Trusts being diminished over time, the purposeful delays', and no loan replacement' ... I just don't know what is left in that sub' ... The WMIH Preferred Managing Subsidiary" ...
"Azcowboy, what do you mean, “whatever is left over” in wmih preferred? I dont see how anybody can steal from the rich preferred shareholders and us. The hedge funds wouldn’t allow that. Could you clarify please?"
~ XOOM', Yeppers, My "Napkin Math" Is My Own Continued "uq" Opinion, When I Consider a Released WMI Common Share, and All That Actual WMI Ownership Entailed, and Now, Represented By DTC Cusip # 939ESC968', Yep, ... You can scibble on your own napkin' LOL' and come up with a reasonable amount as well' ... Just consider the WMI Subs Kept Separated, as well as the "Debentures", earning interest for A LOT of Years ? ... ~
... and whatever the ("aya" disregarded or flat out missed ?) WMIH Preferred Managing Sub' has ? was already used ?, or no longer has ? ... And Is Able To Release to a 992' or an 84' ?, ... is just gravy' ... however, ... Common Shares' always depict ownership of the Company' ...
... and' ... "COOP"'s BOD's Are Privy To All Of This As Well' ...
just sayin'
AZ
~ I Don't See That COOP's pps Going Down a Little or Up a Litte In This Controlled ($40.00 ish') Area ?, As Any Big Deal or Currently Actually Matters', ... I Firmly Believe, "FIRMLY", The COOP "Transitional" pps' Number and Timing Has Already Been Determined' ... I'm NOT A Day Trader' or even close' to one', ... I'm Satisfied With My Own COOP Position(s) Now, Methodically Built Over Many Years, and My Own WMI' to its Reorganizations DD', now to the present tense', ... "COOP" Is Going To Be Making Some Announcements' and prior to years end IMO' ~
... So ? ... I Hold Completely Steady, ...
... Honestly, ? ... the WMB Note Directives Recently Given and Recent Changes, ... ? ... has stirred my stew to embolden my continued beliefs of the positive future' ... Shame on the FDIC's Need To Apply An Accounting Method, That Did NOT' Allow For The Interest Earnings or the taxation responsibilities of the WMB Note Claims To Be Shown To The Public', Those Claim Numbers That Have NEVER Changed' on Its Own Balance Sheet' ... Shame on Them' ...
AZ
~ Margin / Debt' and Stop Loss "Users" Continue To Be Taken Out' (pee-wees), LOL ~
... Only "CASH" works on this' ... CASH' IS Always the "King" ...
Go COOP, Go COOP' ... Do Your Thing' ... Lots of US', Already know what's coming' ...
just sayin' :)
AZ
~ Correcting Some Additional WMB Note Mis-Information' ~
... The WMB Notes' will only release financial distributions on a semi-annual basis' ... so, I seriously doubt that "Monday" is a consideration' ... another case of non owners guessing' is all'
... the DB and the WMB Notes' Claims showing, $14.8 Billion Dollars, on the absolute shameful, Footnote 2) NO TRUE' ACCOUNTING IS NEEDED', FDIC's Balance Sheet ?, ... will disappear' ... and probably be updated', after the distributions actually begin' ...
... JPMC IS NOT going to be the custodian for', or involved with', the WMB Notes' or DB's Claim' ... the Broker Directives Have Already Been Given, (I Can See These Changes' Being Made' In My Own Account), and now ?, the Actual Note Descriptions Have Now "Also" Been Changed' ...
... any questions ?, call your broker' ... period'
just sayin'
AZ
~ Well Yeah T's ?, It Sure Looks Like That', ... NO "Rockin" COOP Positions, ... NO WMB Note "DIRECT" Ownership, ... POOR WMI 968' common share or 992 & 84' bond ownership Choices Made When "Releasing to Participate" in Judge Walrath's Plan ? ... "aya"s losing litigation(s) and the support given to attempt to disrupt and a complete disregard for the WMIH Preferred Managing Sub ? ... WOW' ... and the Daily Disregard for the actual "Disclosure Statement" ? and more, much, much more' ~
... Yep it has been extremely obvious that everyone isn't here for the "money" and the financial returns that WMI, to WMIHC, to WMIH, now trading as symbol "COOP" can provide' ...
~ Know What YOU Own ~
~ COOP Is The "Tell" ~
"no one's here for monies except ole Cactus lol"
~ The "Timing of the These Directives", Now, Currently Being Given to the WMB Note Direct Brokers, Is Important' ~
... The $14.8 Billion in Claims, showing on the FDIC's Balance Sheet' Haven't Changed in Years ... But Now ?, ... Things are changing' ...
... IF' ?, Things Were Not Moving Forward, ... the Directives', that are now being given and updated', could have continued to wait' as they have for years' ... yes, things are good' ... very good'
Go COOP', Go COOP', Go COOP
AZ
~ In My Opinion ?, The "Timed" Directives, Currently Being Given to the WMB Note Direct Brokers, Is Important' ~
... The $14.8 Billion in Claims, showing on the FDIC's Balance Sheet' Haven't Changed in Years, using their own slick accounting as an excuse' ... But Now ?, ... Things are changing' ...
... IF' ?, Things Were Not Moving Forward, ... the Directives', currently being given could have continued to wait' ... things are good' ...
Go COOP', Go COOP', Go COOP
AZ
~ Everything, Everything of Any Original Value', Currently Falls Under The Decisions Making, of the WMIH, symbol COOP's "BOD's" ~
~ Watch The NewCo, WMIH as symbol COOP', It Is The "Tell" ~
AZ
~ Regarding The WMB Notes "Updates & Changes" Question' ?, I Am Posting This Way on Purpose', "IF" ? A Direct Broker Was Used ?, (not a third party), and "IF" ? A Real', Finra Compliant Direct Owner Of The WMB Notes' ?, These Currently Revealed Updates & Changes, that are being made to the WMB Notes ?', Would Be Able to be Viewed and Experienced' in an individual WMB Note Owners' account' Also (just like mine') ~
The Recently Revealed Updates and Changes', now being made to the WMB Notes, along with footnote 2, regarding the FDIC's (lack of responbsible') accounting, conveniently placed on the FDIC's balance sheet, ... are relevant' ... and again, those that accumulated WMB Notes' using a Direct Broker, and made sure they were Finra Compliant the entire time, ... should not need to ask any questions' ...
just sayin'
AZ
~ CK', Judge Walrath's Plan For WMI's Reorganization "COULD NOT" Be Disrupted, Not By The "Employee Claimants", and Not By "aya" and her supporters', ... KKR's Genius Actions in 2017 & 2018, Made The "Acquisition" of NationStar Possible ~
Currently, Only The WMIH as symbol "COOP" SEC Filings Matter ... and the recent "revealing" changes, now being made to the WMB Notes' ...
just sayin'
AZ
~ "The Answer(s)" (plural) ?, Have Already Been Given To "Everyone" Many, Many, Times', over Many Years Now', and to More Than Just A Few', ... The "Answer" Regarding the "Dissolution" Of The "wmi-lt" ?, Is In Judge Walrath's Approved Plan of WMI's Reorganization's, Now Of Course Openly Trading as symbol "COOP"'s, "Disclosure Statement", and now has all been fulfilled per Judge Walrath's Court Orders' ~
... "ALL" Of The Answers, Have Been available on The WMI Holding Company's Chapter 11 to Reorganization's Docket, the Plan, the Disclosure Statement', and then placed methodically within the reorganized company's SEC Filings' ... to the present tense' ...
~ Know What YOU' Own ~ (just YOU', that's important)
~ Watch The NewCo, WMIH, now symbol COOP', It Is The "Tell" ~ (obviously ? right ?, with serious trackable forward moves over a number of years')
~ Do Your Own DD', No Margin', No Debt', and NO Group Think, "EVER" ~
and' all of the rest' ... no arguments, debates, point proving, and continued answers of the same', are needed, ... simply put', "It Is What It Is" ... ALL Questions are answered in Judge Walrath's Plan 7's Disclosure Statement, and then properly carried forward within the reorganized company's SEC Filings' ...
Currently, the changes being made to the WMB Notes are front and center on AZ's radar, ... "COOP"'s forward pps' moves are a given' ...
just sayin' :)
AZ
~ John, It Has Been My Opinion and Conclusion', That The "Date's" Of The Pre-Decided WMIH / symbol "COOP" Forward Move(s) and Transition(s), Have Been Known By "Many" and, for Quite Awhile ~
... The Recent Directive Updates, Given to the WMB Note's Direct Brokers (like mine, associated with my own Finra compliant "Direct" WMB Note Holdings') ... Are Further Proof of not only the "Process" Moving Forward, but also of the "shameful" way that the FDIC' "CHOSE" TO NOT ACCOUNT FOR', Interest earnings and taxation issues over all of these years ... SMH' ... Had The DB Claim and the WMB Notes Claims Been Properly Accounted For, The Claim Amounts Would Have Surely "Changed" If Not Disappeared All Together' over all of these years' ...
... No One Appears to be concerned with "COOP's" pps or the 75,000,000 shares available ... No One' ... including me' ... To Many Shares were reverse split in October of 2018', ... period' ... That's a good starting place, that I already supplied the sequential links to' ...
... As A "COOP" Position Holder, I'm simply waiting for what I believe is very "SOON" Coming, Just like the Institutional Investors' ...
There is a continuation of postings, now even by old friends, regarding issues that are simply NOT possible, ... postings that disregard the "Disclosure Statement" as applicable to Judge Walrath's "Implemented Plan" ... Yes, the "Lights Are On", Just Not "Everywhere' ... Respectfully ...
In My Opinion, ... Everything is still Fine' ... "it is what it is" ...
the ESC', 968's stay as a record of the releasing WMI Company's, now WMIH original owners' ... the Subs Not Included and the Capital Trust, in Liquidation Preference'
the ESC', 992's and 84's continue as a record of the WMI releasing fixed income original releasing owners', now tracked by the WMIH Preferred Managing Subsidiary', and its remains', after being conveniently tapped into, for payments to the Run Off Notes, as well as KKR's 3% Cash Coupon p[aid quarterly ...
and now, these "recent" changes made to the WMB Notes' ? ... WOW', ... Yes, JPMC WILL NOT', become the custodian for the WMB Notes' ... Uh', Nope, No Not Hardly' ...
... and' "COOP' and its CURRENT' Position Holders, will continue to prosper as WMIH', as symbol COOP', will continue to flourish' on the Nas' ...
Have A Great Day, and my Best To "K" as Always' ...
AZ
~ Over These Many Years, There Have Been Many WMB Note Ownership', "Opinions", "Comments", and WMB Note' Ownership "Claims", presented', ... So, With These Recent Updates', ... "IF" ?, ... An Investor and Owner of the WMB Notes', (like AZ) Utilized A Direct Provider "Broker" (not a third party), and Is "Finra Compliant" ?, ... The Newly and Recently Revealed WMB Note' Managing "Bank", NOT JPMC', as well as these Broker Directive "changes" being made', ... Should Be ?', Able To Be Seen, Within One's Individual Account' Like I'm Able To "SEE" In My Own Account', ... right ? ~
... These Broker Directed Changes, plus' the WMIH / as symbol COOP Forward Positive Moves, ... are meaningful ...
... the FDIC has NOT Been Completely Forthright', Obviously' and has hid behind its own "allowable ?", accounting applications' ? "WOW" ... "in accordance with current receivership accounting practices" .... who else ? ...
Footnote 2 on the FDIC's Balance Sheet reveals that, ... "The Total Liabilities line item may not include other liabilities arising from Estimated Interest on Claims and Income Taxes, as these liabilities may not be recognized as of the report date, in accordance with current receivership accounting practices."
just sayin'
AZ
~ That's Right Sam, The DTC's ESC Cusips Issued, Are A Counting Mechanism, Used In Order To Keep Track Of A "Participants" Original Ownership', Any Actual Distribution Results, "per individual", and per individual Cusip' received', would be a taxable event' (IMO) ~
... Continuing to go through some things this morning, ... The Broker "Directive" Issued Changes to the WMB Note' "Direct Ownership" Brokers, and the WMB Notes', Is A Very, Very, Big Deal' ... In My Opinion, in very short order, The WMB Notes, will begin to distribute to a Finra Compliant Direct Owner' (like AZ) ... the timing of these changes and directives issued, is relevant' ...
... These WMB Note' distribution actions, ... will eliminate the FDIC's balance sheet claims', ($14.8 Billion) That Have Never Changed' ... as their base value, interest earnings, and taxation events will begin to be realized', and handled by the Currently Listed "Managing" Bank, ... WHICH IS NOT JPMC' ...
Footnote 2 on the FDIC's Balance Sheet reveals that, ... "The Total Liabilities line item may not include other liabilities arising from Estimated Interest on Claims and Income Taxes, as these liabilities may not be recognized as of the report date, in accordance with current receivership accounting practices."
Yes, the "Process" Is Moving Forward, ... the Timing of these actions is relevant' ... WMIH as symbol "COOP" has obviously also been moving forward ever since latter 2017 to the Present tense' ...
... "way too many distractions, delays, word twisting, and guessing" ... none of which matter' ... "it is what it is" ...
just sayin' :)
AZ
~ Yeah, I Believe That's Reasonably Accurate, Closer To The $14,808,671 Showing on the FDIC's Balance Sheet as of Today', ... DB's "Globic Settlement" Approved $3 Billion Would Follow Suit as the same Cusips Are Showing as part of the settlement there also' ~
General Creditor $ 3,025,216
Senior Debt Holders 6,077,557
Subordinated Debt Holders 7,723,052
SubTotal - Other Claimants $ 16,825,825
Less: Dividends Paid to Date 2,017,154
Total Unpaid Other Claimants $14,808,671
... The Broker, My Own Broker', Is A Direct Provider' and Is Not A Third Party Provider and is obviously reacting to the "Directives" It Has Received ... This IS A Big Deal' ... A VERY BIG DEAL' ... especially when one considers the lengths that the FDIC went to on its site's balance sheet, ... to NOT Report, interest earnings and taxation responsibility's, In Proper Fashion ... shame on them' ...
~ As I Just Stated', "IF' ?", I Wasn't Witnessing These WMB Note Updates In My Own Account ?, Honestly ?, I Probably WOULD NOT Believe Them'" ~
... The First Major Update ?, to my WMB Note Holdings, was able to be reviewed "In My Own Account" on Sunday, Oct 31st, (shared privately) ... now, another major update, again to my own WMB Note Holdings ?, is now showing, and able to be reviewed in my own account', as of this morning, Nov 11th ... this process is not a fluke' or an error' ... it is continuing' ... JPMC WILL NOT Be taking over the WMB Note's ...
... The Broker, My Own Broker', Is A Direct Provider' and Is Not A Third Party Provider and is obviously reacting to the "Directives" It Has Received ... This IS A Big Deal' ... A VERY BIG DEAL' ... especially when one considers the lengths that the FDIC went to on its site's balance sheet, ... to NOT Report, interest earnings and taxation responsibility's, In Proper Fashion ... shame on them' ...
and again, ... I believe the WMIH / COOP BOD's Is ALSO Aware of these updates and changes, as WMIH / COOP's participation and pps' has been increasing since the latter 2017 ... Shame on the FDIC, for its need to be so evasive' to the public, and yes, ... COOP is the "Tell" ...
... I Have ALWAYS' Acted Upon MY OWN DD' ... no' group think "EVER"
just sayin'
AZ
~ Alright, "If ?", I Wasn't Witnessing These WMB Note Updates In My Own Account ?, Honestly ?, I Probably WOULD NOT Believe Them' ~
First, as a Finra Compliant, vetted, and accredited investor, ... with "DIRECT" Ownership of the WMB Notes', ... tenaciously' able to accumulate them' after WMI's implemented reorganization, and through March of 2016' when I could not get any more' ... the "Broker" I use is currently being given Directives concerning the WMB Notes, ... and changes to my own account are a reality' ...
The WMB Notes' ... Are Now', the responsibility of "Another" Bank, ... NOT JPMC' ... Yes, The Senior and Subordinated "Claims" That have shown on the FDIC's site WILL BE HANDLED By Another Bank' ...
Footnote 2 on the FDIC's site "States" that ... Interest Earnings and Taxation Responsibility's ... Have Not Been Reported' ... shame on them' ... Had the Interest Earnings and the Taxation Responsibility's as applicable to the WMB Notes been reported in proper fashion ?, ... After all of these years, Those WMB senior and subordinated claims, would have been diminished', probably to a zero level ... But ?, That ?, IS NOT WHAT THE FDIC Did ?, or What Was Reported' ...
... Today ?, I'm not sure whether to be disgusted at what was done and how ?, over so many years ?, or pleased as I review my own brokerage account which maintains my WMB Note Holdings', and these recent updates' to the WMB Note's themselves' ...
... My Broker has obviously been acting upon the directives it has received, ... This ?, Entire Process ?, The WMB Notes, as well as WMIH as symbol "COOP" is obviously moving forward ... the FDIC' site and the Senior and Subordinated Claims showing ?, will dissipate to zero' ... as this new bank takes over ...
... I'm Sure, The COOP BOD's HAS BEEN' Aware of these updates' and actions' ... and the realities of this transition', which I am now witnessing in my own accounts', ... as WMIH, / "COOP" has also been rising in pps', basically since the end of 2017' ...
The FDIC ?, and its balance sheet' site reporting ?, ... had me fooled for many, many, years' ... Yes, my bad' for assuming, I of all people, should have known better' ... but JPMC IS NOT Receiving the management of the WMB Notes' ... and shamefully, the FDIC NEVER Reported any Interest earnings or taxation responsibilities, which would have demanded, an updated Claims accounting' ... shameful, shameful, shameful, ...
just sayin' :)
AZ
~ Tigeroo, That's Correct The DTC's Issued ESC Cusips Are There To Maintain a Record Of and For', Any Interest Returns, Interest Generated, Outside of the Holding Company', That Is Still Owed To You ~
... How Much ? ... or When ? ... will these interest returns begin to be issued by the DTC and show up ? ... I don't know ... but the possible ownership issues' ?, the combined ratios of distribution ?, and the amounts ?, have been completely ... nutttzzzzzo' ...
However, I do know that your ESC Cusips were methodically separated by Cusip', separated to what you owned and released at Judge Walrath's Plan
the ... 992's and 84's Cusips ... show the WMI fixed income that you chose to own and release' ... the 968's depict a released common share ownership of WMI', the actual company' ... now, ... reorganized, and transitioned into WMIH and trading as symbol "COOP" ...
the 992' and 84' fixed income are related to the "WMIH Preferred Managing Sub", ... who's income was utilized to pay KKR's 3% Quarterly Cash Coupon, as well as Pay the Run-Off Notes' to their completion' ... all of which is revealed and trackable within the company's SEC submissions' ... what's left ?, with the delays and the diminishing production ? ... I don't know' ...
the 968's can be tracked to the Capital Trust's Liquidation Preference, as well as to the original WMI subsidiary network ...
The Company's BOD's Are In Control, so ... Everyone', Institution and Individual alike, waits together, ... in the mean time ? ever since the reorg ? ... I believed in my own DD' ... and' have been increasing my holdings of ... the now ... NasDaq symbol "COOP" ...
Take Care'
AZ
~ Sorry John, I'm Not Convinced That The "Debentures" Have Already Been Used, or Have Been Able To Be Used' ~
... The "First" was by the KKR backed private' offering that issued additional shares and received "Cash" payments for them, ... which allowed for too many shares to be reverse split, But ? also and more importantly, produced the additional Cash & Shares that WMIH "needed" to "acquire" NationStar' ...
... The "Second" specifically says its NationStar Mortgage' (supposedly the only operational sub' LOL) and the SEC allowed', "Registrant" ...
... I don't believe that the "Debentures" have been able to be tapped into yet' ... that's my opinion ... "Veterans Day & Stirred Up Memory's" ... hooorrrah' ... Have a good one buddy'
So far ?, ... "WMIH as symbol "COOP" ... has been doing okay ... Go COOP' ...
anyway'
AZ
~ Well XOOM', As In WMI's Operational Protocol's, Pre-Seizure & Pre-BK's etc., etc., etc., ? now to the Present Tense ? ... The Company's BOD's Always Makes ALL Of Those Decisions' ~
... That's why most of what is posted' is simply NOT Accurate' ...
However, ... Due to the Ability Of, and the Courts Approved Plan for WMI's Reorganization, ability to pay off the Courts approved creditors with ALL Cash and Tax Refunds, and, as revealed in the Plan's Disclosure Statement', ... Yes, ... interest earned', that would have normally been released, will be' ... and the interest, has now been able to accumulate' ... but again, the returns will be DTC issued and Cusip specific, and WILL NOT share in any 75/25 devisable ratios' ...
... I do not know when ?, or exactly how much ? ... however, Yes I do believe that "WE" are close ... and IF the company and the BOD's wants to use the "Debentures" as a debt offering ?, then "COOP"'s pps must be at a minimum of $50.00 ... I always enjoy the "TWISTS" and poor reading skills and context comprehension levels "shown" ... LOL' ...
The WMI Capital Trust Was Not a Part of WMI's BK's ... and the recent ... Directive' Given to the "Finra Compliant and Direct Owners", of the WMB Notes' is relevant' ...
~ Do Your Own DD ~
just sayin'
AZ
~ Yes9, This ALL goes back to the WMI Original (First Day) Filings' ... "Everything" "Preferred", Converted to a WMI Product' At The "Exchange Event" Which Occurred At 8:00am, Ruled Prior To The BK Filings at 10:15pm (WMIIC) and 10:16pm (WMI) Respectively' And More Importantly, Was Court Ruled To Be "Legal" and to Have Occurred' In Proper Fashion' ~
... The TPS', Continued to litigate against this, and', continued to lose' ... The TPS' also put the insert into your voting package, recommending a vote against Plan 7', ... which bopfn' promoted on their behalf ... then move forward into the sloppy and poorly researched losing' litigation delay's in 2019' ? ... and then come to your own conclusions' ...
But "NO" to your specific question' ... none of this' will have any effect on what ever the 992's and the 84's have earmarked to be returned specifically' ...
Also, None of this affects the released common DTC cusips, the DTC ESC # 939ESC968's ...
... What Is Important. Is That "WE" Have Been Methodically Moving Forward, Thanks to Judge Walrath's Actions in 2011 and 2012, ... and KKR's Actions in 2017 and 2018' ... Thank You to Both of Them' ...
Judge Walrath, Approved a Workable Plan', and WMI was reorganized into WMIHC, ... which then in 2015' transitioned to Delaware plus a few other KKR requirements', all to be done by July of 2015', and became WMIH, ... then, WMIH, with KKR's genius moves in 2017 and 2018', was able to "Acquire" NationStar and its own subsidiary group ... Now of course, trading a symbol "COOP" ...
I hope that helped' ...
AZ