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~ Bro', That ? "is what it is", It's Always Been Like That ... COOP' ? Now after All of the transitions ? ... "COOP", IS NO DIFFERENT ~
I learned early on ... a very long time ago ... it ain't a swamp bro, ... it's a hot tub ... money's money ... it all spends the same'
just sayin' :)
AZ
~ Raj, Lets Just Consider An Original "Released" P, (a WMI Fixed Income Bond) For A Sec' ~
Lets say someone owned 1,000 P's during 2012's 1st quarter craziness' ... I bought mine at roughly $20.00 each' ... my K's were acquired for a bit of a lower reasonable price equivalent ... doesn't matter, lets use the $20.00 (ish) per P ...
So, 1000 P's would have issued roughly 19,000 WMIHC ... right ? ... so, some 19,000 WMIHC' ... then ?, WMIH "COOP" was Reverse Split at a 12/1 Ratio in October of 2018 ... right ? ... so, 19,000 WMIHC would have reversed to roughly 1580 "COOP" ... not to mention that additional shares of COOP' ?, Have Been CHEAP since then ... But whatever' ...
So, at a P's $20.00 cost ? ... 1,000 P's would have cost 20 grand ... but today, ... now after all of the "stuff" ? ... those 1580 COOP would be worth what 1580 X's $40.00 ? ...
So simply doing absolutely NOTHING ? ... NOTHING AT ALL" ... would have provided a 300% plus return ...
... Obviously Doing NOTHING ? ... Has Never Worked For AZ' ... I go big or get out' ... but that's me ...
just sayin'
AZ
~ WMI', 2012 Reorganized Into WMIH, now as COOP', Is and Has Been The "Big Time" The Asset Values, Always Held Outside of the WMI Holding Company's BK's Have Always Been Massive', and are to this Day' ~
... Nothing Has Ever Disappeared ... Nothing' ... or this, now reorganized company would have converted to a 7' ?, or collapsed, long, long, ago ... and no one would have done diddy squat to be involved' ... But ?, That Ain't What Has Happened ...
... AZ doesn't feel one bit responsible for any one else's CHOICES' ... I've been consistent' ... the entire time' ... But ? in order to be in the game at this level of returns ? ... ya' gotta have money' ... the numbers available for ones participation ?, are relative' ... the return percentages available ?, are consistent to ALL" ...
The Company' has always managed everything' ... I've posted that for years ... Now ?, the COOP BOD's Is managing "Everything" ... and Yes, life happens, ... CHOICES Are Individualized ... That's What I'm Pointing Out' ...
just sayin' :)
AZ
~ Yeppers, GO COOP', GO COOP', ... Nope, no "whine" ... Nope', Never Any "wmi-lt" fake' dependency', ... LOL @', no "aya" distractions', (all of that ? is still ?, well) ... Etc., Etc., Etc, ... Just WMIH trading as "COOP" ... and' my ESC Cusips', that "will be" utilized per Individual CHOICE of Original Released WMI Ownership' ~
... while the values of the WMIH Preferred Managing Sub have been already used ?, and diminishing ? ... the Capital Trust "Debentures", Have Continued to Function ...
... It's Always Been About ... "Choices" ... Individual Choices' ... the WMI, to WMIH as COOP', "Reality" ? ... Can Not Be Denied' ...
just sayin' :)
AZ
~ "Deceptive" ?, or "Reality" ?, I'm Finally', Profiting Very Nicely On the 2012' Reorganized WMI, as it has Reorganized into WMIHC, then into WMIH' now trading as symbol' "COOP" ~
... However' ... An Investors "BK & SEC Process DD" ?, Would Have "Realized" A Few Things A long The Way';
* The WMI Subsidiary Network, Including The WMI Capital Trust Were Never Able to be, or Allowed to be, Financially Considered Within The WMI Holding Company's Chapter 11 BK Process' ... Judge Walrath Court Ordered That Distinction Early On in 2008' ...
* WMI's Capital Trust Was NEVER Able to Be Considered', "other than" The Release of the $1,150,000,000.00 in Debenture Debt Support' ... so the piers, could be capped and paid off with WMI Cash' ...
* Judge Walrath's September 2011 Opinion' Denied The ("rosie") Attempts to Secure The WMI Asset Values for only a few chosen ones' ...
~ Judge Walrath's Court Approved "Plan", Issued the New Company to Those That "Released" ... and' ... Allowed for the DTC's Issued ESC Cusips' to maintain a record of original releasing owners, ... while the Litigation Came to an end, ... while the "wmi-lt" fulfilled it's duty's ... and', ... the New' Company either collapsed ?, or became a functioning trading company' ... which ? ... is obviously now represented by trading symbol ... "COOP" ...
"Eveyone" Has Had The Exact Same Opportunity's for Financial Gain ever since WMI' Reorganized back in 2012' ... The available pps participation numbers ?, as many things are', ... Yes, Are Very Well Documented' ...
... I went big' many, many, times' ... many times', ... however, in an effort to average or eliminate my costs ?, I sold off roughly half "three" different times while the litigation continued and the WMIH pps was in the $3.00 plus range' ... and then reinvested' in WMIH and COOP' when in the low singe digits' ...
... WE' ... are on the edge of the completion' ...
* "COOP" only financially reports using one operational sub ... NationStar Mortgage LLC' ... that's going to be updated' ...
* COOP's Outstanding Shares Available are currently in the 75,000,000 shares range ... that's going to be updated ...
* KKR Activated the Second Private Rights Offering, showing an account for value for ... the Asset Values of WMIH and its Subsidiaries ... not' anything to do with NationStar' ... or its acquisition' ...
... etc., etc., etc. ...
... Starting to get the picture after these 13 years ? ... ~ Understand Plan 6 "Participate" in Plan 7 ~ ... ring any bells ? ... or ... COOP, COOP, COOP Is the "Tell" ~ ... sound familiar ? ...
The Amounts of Participation are relative' ... But ? ... to simply sit on the curb ?, while the money train has been percolating now ever since WMIHC was available for 1/2 of Cash ? ... SMH ...
... I'm Finally Making Money on this investment, ... Now ? ... the kind of profit that AZ' likes to see ... 7 digits ever since COOP crossed over the $38.00 pps ... and ? ... gets bigger as COOP continues to grow' ... this one just took a bot longer ...
Deceptive ?, ... uh Nope, Nope Not Hardly ... I told everyone' ... and most importantly, I told everyone', ... NOT TO COUNT ON THE "wmi-lt" ...
Take It Easy' ... AZ's Doing Just Fine', ... and is comfortable with the Years Of DD Released' ...
~ Yep, It's Going To Be "Nice", "Real Nice", ... The Process' Has Never Yielded to the "Rabbit Hunts", or the continued', Mis-Understood Document' presentations', ... Never' ~
COOP's Current BOD's Are Managing Everything', ... When' COOP hits $50.00 ?, is when the Party Begins' ... "COOP" has been BOTH', an opportunity ?, and the "Tell" for many, many, many years ... as I have posted', also for years' ... the "wmi-lt" Is, and Has Been', Out Of The Picture' ...
Yes, the DTC deals in ONLY Cash' ...
... "iggie" the noise' ... or not ?, right ? ... its just another Choice' ... I turned over seven digits in "COOP" profit' @ $38.00 ... more is better' ...
just sayin'
AZ
~ Keep On Rockin "COOP" (later, stuff to do) ~
just sayin' :)
AZ
~ Not To Worry Brother', AZ Remained "Focused" On The Judges "Signed" Docket Filings', "As Well As" The Reorganized WMI' SEC Submissions, Leading Us To Today', The Present Tense, "Corporate Structure", "WMIH" Trading as Symbol "COOP", Being Currently Managed By Our Current COOP BOD's ~
... neither the, original (egg on face) restructuring component personal, JPM's press release' nonsense', ... yes, especially the "wmi-lt", ... the "aya" attempts', and now recorded losses', or', "rosie's irrelevant open court' antics" ... the confused "crew" ... etc., etc., etc, ... COULD EVER DISTRACT AZ' FROM THE ACTUAL "Documents" That Had Been Legally Submitted ... and, ? were accountable, "With Signature" ...
Again, ... WMI' and the Reorganized WMI ?, Has Worked out Very Well for ol' AZ ... especially now that COOP has crossed the $38.00 pps Mark, ... and just watching COOP continue to rise ? ... WOW' ... Just WOW' ...
As Walter Just Said, ... "Shares" (of COOP) Are Difficult to Gather', and as AZ Added', are' Obviously Valuable ... My Own 4' Accounts Holding "COOP" are also proof' ...
~ The Process Leading "US" Here ?, Can Not Be Denied' ~
It's ALL GOOD Brother' ... :) ... (and going to get better')
just sayin'
AZ
~ ND9', Thanks I Just KNOW It's Coming Brother', WITHOUT ANY DOUBT AT ALL' ... This Entire WMI Financial Recovery Process ? ... Has Been Accomplished Methodically ?, and in an Amazing Fashion' ... Truly Amazing' ... ~
... The "seizure" ?, was wrong' ... Judge Walrath Then Saved "US" ... KKR "KNEW" and set things up in 2015' ?, (so did AZ) ... and then ?, thankfully provided a WMIH "nudge" to accomplish what was needed to complete the "Acquisition" of NationStar' ... Cash & Shares' ... (WMIH was just a bit short' of Both') ...
Amazing' ... Truly Amazing ... I'm so Thankful to Judge Walrath and to KKR for getting everything necessary, for a TRUE "Fair & Equitable" Recovery' Completed for this AZ', "Participant" ... Yep', Thanks Again ...
I'll start peelin' off some "COOP" shares as long awaited profit and party money' after the turn into 2022 for personal tax reasons ... a "rockin" 911 for sure' and a seasonal condo' ... GO COOP' ... GO COOP' ... ESC Cusip, DTC monitored Interest Owed ?, ... Well ? That'll Will Spend Well Also ... CASH' is always KING ... AZ' Luvs Hundreds' for daily cruzin' ... :) ... and added', I may fix up "son of turnip truck" a bit, not to much' just a bit ... OG is coooooool', ... LOL ...
Have A Great Day ol' Friend
just sayin' :)
AZ
~ "Correct Walter", The "Shares" "Especially", Since 03/19/2012, Have Been "Golden Tickets of Opportunity" ... 1st as WMIHC, now to WMIH, as symbol "COOP" ~
... the handwriting ? ... has not been on the wall' ... LOL' ... its been on the BK Docket ?, in the Approved Reorganization Documents ?, ... and the WMIH, now as COOP' SEC Submissions' ...
This Is GOOD', This Is ALL', VERY, VERY', GOOD' ... :) ...
... Methodically Built' Positions in, now symbol COOP', ... and ESC Cusips Set to Receive any Interest still owed' ... Rock On' ...
just sayin'
AZ
~ COOP, COOP, COOP, and Interest Still Owed' per ESC Cusip Received ~
... That's It' ...
GO COOP
AZ
~ Serafino', What I "Think" ? Does Not Matter', Only the "Process" "Matters", and the Opportunity's That Have Been Obviously Made Available to "Everyone" on Many, Many Occasions', But Especially When Judge Walrath Saved "US" in 2012, and then Again in 2017 to 2018', When KKR Stepped Up, Now ? The Positive Realizations of Those Documented Steps ?, is being Realized with a Participation or an Active Position' in "COOP" (with eyes wide open', its the market) ~
... Studying The Entire WMI now to COOP Process ? ... and believing in an obvious positive result ? ... like all things ... Has Been A "CHOICE" ... This One ? WMIH trading as symbol COOP ?, Has Worked out very nicely ... all thing considered ... :) ... Lookin' Good COOP ... Lookin GOOD
So, which doc would you like quoted exactly ... ? ... the Disclosure Statement ?, Judge Walrath's Plan ?, KKR's 2nd Private Rights Offering ?, the sequenced (to many reverse split) Share Counts ?, the Capital Trusts 2006 Amendment ? ... the Judges' Court Order Financially Completing the "wmi-lt" ?, ... the recent' PLR referring to the Closing of WMMRC ?, ... ? ... or any other ? ...
... What I Think ? ... Is only directly related to my own decisions to Buy, Sell, or Hold WMIH, or symbol COOP', at any given time beyond the 2012' Implemented Reorg' ... ~ Know What You Own ~ ... NOT What another tells you you own ... and ... Yes, COOP Is The "TELL" ...
~ Watch Your Six ~
Have A Good Day, ... and Always' ... Do Your Own DD' ... or not ? ... that's just another CHOICE' is all ... right ? ...
just sayin'
AZ
~ Well ?, The "COOP" BOD's Are Managing "Everything", In The Exact Very Same Fashion as the Original WMI Was' Managed', They Decide' "Everything" Financially Relevant' ~
to quote my own last post, ... ? ...
"In my opinion ?, ... at the COOP $50.00 pps range ? ... which is obviously on the very near horizon, ... The "Debentures" Come Back Into Play, and the Real "WMIH" and its Subsidiaries" Party Starts and the Big Dogs' (and AZ' :)) Will be Here' to Feast' ..."
"Its ALL Good Brother" ... the Process ? simply demands it' ... but it's coming ... I just don't know exactly which day is all ... but WE are close, very close' ...
Have A Great Day My Friend' ...
AZ
~ ALL OF IT', Is Related Brother', "Everything", NO i or t or stone', Has Been Left' ... "COOP" Is the "Tell", and COOP's BOD's Are Managing The "Entire" Reorganized Company, This Entire Process Has Been Methodically Done and is "Perfect", ~
... Judge Walrath "Saved" Everyone, (that is a grinder for ?, well I could name a few LOL') ... and', ... KKR Brought in The Smart People' ... (another grinder') ... however ?, "it is what it is" ...
the Company's Forward Moves ? ... have been obvious financial opportunity's for anyone that understood what was being considered within the Holding Company's BK's ? ... and more importantly, What Was Not' ... right ? ...
an unpopular stand LOL', But I'm Truly Thankful To Judge Walrath and I'm Also Thankful to KKR for steppin' up' and pushing WMIH over the "acquisition" finish line' ... when WMIH was coming up short'
My DTC ESC Cusips, maintain a record of my Original Ownership of WMI' at the time it reorganized ... period' ... I'm owed my interest earned' ... period again' ...
and ?, ... I've Been Doing GREAT with, now what is symbol, ... COOP' ...
In my opinion ?, ... at the COOP $50.00 pps range ? ... which is obviously on the very near horizon, ... The "Debentures" Come Back Into Play, and the Real "WMIH" and its Subsidiaries" Party Starts and the Big Dogs' (and AZ) Will be Here' to Feast' ...
... no debates, or arguments' ... stuff to do' ... I'm Good With Everything' ... "everyone" has had the exact very same opportunity's ...
just sayin' :)
AZ
~ LOL', Well ? I See That "Everything" That DOESN'T MATTER Is Being Bandied About By "the-crew", However As Said Many Times, "It Is What It Is", and at COOP's $38.00 pps' ?, Currently Showing (AZ's) "COOP" Holdings are UP' Over A Million$$'s, now @ $40.00 to $50.00 and Above ?, Yep Even Better' GO COOP' ... All While I "Wait" For My DTC's "ISSUED" ESC Cusips To Receive My "Interest Still Owed Me", for Properly "Participating" in Judge Walrath's Plan for WMI's Reorganization' ~
Yep, WMI, to WMIHC, now to WMIH as symbol "COOP" ?, has been good to ol' AZ, very, very good', since the 03/19/2012 "Implementation" ...
Thanks Judge Walrath and Thanks KKR, ... and, GO COOP', GO COOP ...
later' got "better" stuff to do' ...
just sayin' :)
AZ
~ Read The Fine Print Joe', (or not', LOL) ~
In The Exact Very Same Fashion as the WMI Capital Trust', (always kept Bankruptcy Segregated) ... The CT's "Debentures" Have Not Ever Been RE-MARKETED' ... Either' ... The CT "Debentures" Continue to Function, earning interest and accumulating' ... These Are The "Covenants" I referred you to awhile back' ... "Covenants" are imbedded in granite' ... and can not be changed, amended, or adjusted' ...
So, ... the "Debentures" continue to run their securitization earnings course through to their fruition ? ... to the years 2050 ish' per ? ... or' ... the interest yields, are returned to an owner', once the reorganization is implemented' ... the big word ?, is only "2" letters' ... or ... easy for a novice' to miss I guess' ...
So, thanks anyway, but I'm good and don't seek any "incomplete" investment advice' ... ya' gotta own em' to "Participate" in the interest returns', that have been withheld, ... but not forever', that Plan is about to be implemented' ... and oh yeah, CT' ? Yeppers, CT' stands for Capital Trust ? ... hhhhmmmmm ? ...
Although I Haven't Been An Owner of CT's as long as some of the folks ?, (I've acquired and now own positions in all 4') ... I'm Also Like JCPinny,
~ Pete', ... In My Opinion ?, The WMB Notes will eventually transition to JPMC, Pay Up The Interest withheld and Still Owed, Be Reconstituted, All happening when WMB Completes It Final Move', as the FDIC completes the Receivership ... ~
... However, as the FDIC States on its own site ... none of these WMB, WMB Notes, or JPMC issues' ... Have Anything to do with WMI's Reorganization ...
I view these issues separately as well ...
gotta go'
AZ
~ COOL' I'll be Here As Well', later guys, I need some chow' and stuff to do, Please forgive any obvious typos', I've posted a lot over the last 2 days' ... The Plan was implemented in 2012', not my error in typing 2013' (duh) ... Anyway' ... GO COOP' ... its all good, and its all been regarding "CHOICES" right ? ~
GO COOP' ...
AZ
~ Pete', Yes I Did, You Asked About My Views Regarding The WMB Note's ? ... I Have A One Word Response', ... "Innovative" ... Those WMB Notes', and their securitization process was revealed in detail within a WMI 10-K' pre seizure ... That Information ?, Lead me to accumulate as many as was possible, between the Implemented WMI Reorg and roughly 2015' ... I ALSO Hold a tremendous amount of WMB Notes', ALL', diligently acquired through a Direct Provider ?, and ALL 100% Finra' Compliant ~
~ ND9', Well ? My Own DD' Leads Me To Believe ?, That I Seriously Doubt That Is Going To Happen', ... 'Do I Believe The Outstanding 75 million COOP shares showing as currently available will be eventually corrected ? ... Yes, Yes I Do, ... However' NOT BEFORE A COOP' $50.00 pps is Realized ... Remember, ... The "Debentures" HAVE NOT EVER BEEN REMARKETED', ... So, "Everyone" Wins' ... IF' as you say ?, ... Well, then the Company just screwed itself' out of, at a minimum of an available $1,150,000,000.00 in Debenture Provided Debt Collateral ... I DO NOT SEE THAT ? Happening' ... Nope, Not Hardly ~
an honest question ?, deserves recognition ... Thanks ND9 :) ...
just sayin'
AZ
~ Nado', I am Referring To A Current Holder of the DTC's Issued ESC Cusips' ~
The WMI Plan of Reorganization ?, was implemented Long Ago on 03/19/2013' ...
The "wmi-lt" has completed it Court Ordered Functions' ...
... The Company', now WMIH as symbol COOP', ... Is The "Tell" ... and is being run, managed', by our Current COOP BOD's ...
because WMI was reorganized, and used its CASH and Tax Refunds to complete the Court Approved Plan, ... interest earnings, withheld, are still owed,
... specific to form ...
DTC Issued Cusip # 939ESC992', issued for a Choice of the ownership of a WMI Fixed income Bond' ...
DTC Issued Cusip # 9393ESC84', issued for a Choice of the ownership of a WMI Fixed Income "Bond" subset' ...
and' ...
DTC Issued Cusip # 939ESC968', issued for a Plan 7' "CHOICE" of ownership of the Actual Company, ... WMI', now WHIH as COOP by way of a released Common Share' and an eventual recipient of Point 3 of the Cap Trusts Liquidation Preference and Debenture Interest Generation' ...
(I bought a lot of everything)
AZ
~ RW', IN My Opinion ?, I "FIRMLY Believe" The 60 Days Is For The Company "WMIH "COOP", ... and', is directly related to The Company's Ability To Utilize The "Debenture" Provided Debt Collateral, ... Again, In my opinion ?, Once The "Debentures" Are Formally Acknowledged, as the COOP pps comes to $50.00 ?, ... I FIRMLY Believe The "Trustee" Will Begin to Release the Accumulated Interest Earned, Back to an Original Releasing WMI Common Share Plan 7', Participant, and' a current Holder of the DTC's Issued DTC ESC Cusip # ESC 939ESC968' in Ones Account' ... ~
I believe point 3' ... and', the Trustee(s) Release of interest earned and accumulated, back to an Original Owner, That is to US' ?, ... Is different that than the Company's allowability to use the "Debentures" as Debt Collateral ... I believe the Company, "COOP" has to abide by the 60 days' ...
I hope that helped and was a bit clearer ? ...
AZ
~ That Is' IMO ?, CORRECT' ... As "WE" Watch the now Reorganized WMI' as "COOP"s pps Numbers Move Forward' ? Also Has Variables Imbedded Within the Text', But the $50.00 pps number is referred to' and in my opinion, a Relevant COOP pps' Triggering Point' ~
... I seriously doubt it will take very long, now at this point in time ...
also, within the fine print ?, ... WMI actually "waves" its own rights to any interest yield returns ... yes a miniscule 3% amount, ... but ? waved' none the less ... In My Opinion ?, I believe that was done so that the Reorganized Company, now COOP' ... Was Not Obligated to Report those funds ? ... the Debentures were able to remain at Arms Length, ... and our CEO ?, yep he' can say with a straight face, that HE' had no knowledge' ... :) ... just sayin'
anyway, ... All Is Going to Be Fine' ... GO COOP', GO COOP', GO COOP', ...
just sayin :)
AZ
~ Predicting The Future ? Is Not Allowed As A Legal Objection' (just ask "aya"), "Cases" Move Through the System Slowly', WMI now to "COOP" ? Is No Different "it is what it is" ?, and Everything Involves "Risk", I don't do any "chicken little's", Money and Value ARE ALWAYS The Goal' ~
... I seek the reasons Why ?, ... IDC, about why nots', or whine' ... This One ?, has been easy ... MONEY' ... MONEY' ... MONEY' ...
just sayin'
AZ
~ "ALL" WMI Related Documents' Are Available To ANY Interested Party' ~
YES, ... ALL OF THEM, ... from the SEC site, pre and post', to the original BK Docket, ... to the Present Tense, ... the SEC Submissions' That Are Specific to WMIHC, then to WMIH, then to the Present "WMIH" trading as symbol COOP' ... ALL Has Been Available to "Everyone" and Anyone' ... Institution and Individual alike' ...
... That ? Is Where AZ' (an interested participant) Finds, Studies, and Reviews the "Process" ... so lookin' for a doc ? that's where they ALL ARE' ... there's the answer ... learn' ... I don't argue, debate, or point prove' ...
just sayin' :)
AZ
~ Yes9', The Current "COOP" BOD's Will Utilized ALL Of' ... "The Asset Values of WMIH and its Subsidiaries" ... That specific designation is what was presented as Value within the 2nd Private Rights Offering of 2018' to some Heavy Investors', That obviously jumped in', and "Participated" ~
... The recent 8-K's ?, ... Have also been interesting' ... right ? ...
Yes, ... In My Opinion ? ... The WMIH, now COOP pps has obviously "always" been controlled, ... and as "WE" now move up ? to the $50.00 pps range ?, and considering that the original "DEBENTURES" Have NOT EVER BEEN REMARKETED' ? ... that the Company, WMIH now as symbol COOP is also waiting to hit a $50.00 pps, so that it too', can begin utilizing those Original "Debentures", which again at a minimum', are worth the WMI Indentured Trustee BK Docket Referenced' ... $1,150,000,000.00 ... and maybe (probably) worth more' ...
which, again has been generating interest yield returns to an original releasing common shareholder, (point 3) now, with the DTC's Issued ESC Cusip # 939ESC968 in ones account ? ... and all of this ?, is just for the Cap Trust, a yearly interest return generated @ .05375 ever since September of 2008' ... (napkin math)
... I Believe There Is More' ... A Lot More' ... :)
just sayin'
AZ
~ ADDED, Had "6" Been Approved ?, The Fixed Income (TPS' and Preferred) Would Have ALL ALSO Been Able to be Paid Within Point # 2' After Having Their "Claims" Determined To Be Allowed', Leaving point 3' to be distributed to ("rosoes) CHOSEN "Participants" Those That were earmarked to receive The Reorganized WMI' ... "6" Of Course Failed, and WE are now the recipients of reoprganized WMI, reorganized into WMIH trading as symbol "COOP" ~
... I've had many, many, years to study what was done ?' ... why the 2 original submissions were not approved ? ... and' ... why the process has lead us Here' ...
============ again,
~ Yes9', Yesterday' I Presented A Dissection of "Text" (not any theory) That Is Directly Imbedded Within the 2006 "Amended" Registration' and is Directly Related To WMI's Capital Trust, which again, Was NOT EVER ALLOWED To Be A Part of the WMI Holding Company's Bankruptcy's ~
Everything I posted about Yesterday, Was In Direct Relationship To point 3' of the Capital Trusts Final Liquidation Preference, which was activated on 09/26/2008' when the WMI Holding Company Filed for Chapter 11' Bankruptcy Protection ...
Point 2 address's the handling of any creditors that WMI may have had' and were owed money' ... obviously, ... at Plan 7', the 2012 WMI Reorganization, ... the Creditors and Claimants were able to all be paid with WMI's CASH and Tax Refunds ...
Point 3 distributes any interest returns generated @ .05375 annually to WMI's Common Shareholders ...
The financial trigger event' ... Is', ... The RE-MARKETING of the Capital Trusts "Debentures" ... The Entire Amount of "The Debentures" ?, Is An Unknown, ... HOWEVER, ... "WE' Can Be assured of a minimum of the "Debenture" Debt Support Listed On The Original "Docket Submissions of $1,150,000,000.00 ...
... IF' ... once the Liquidation Preference Had Been Activated', ... a Company's ... now, in the event of a reorganization, with' WMIH as COOP of course reaches ... a $50.00 pps or' May of 2041', ... the "Debentures" "Covenant" had been complete' ...
So, ... I have concluded, after additional study of this amended registration ... that had "6" been approved, ... the Debentures would have been rapidly "Re=Marketed" for the benefit of "rosies" chosen Participants' ... However, ... Judge Walrath made sure that "7" was Approved, giving the Reorganized WMI', ... now, as WMIH trading as COOP', ... to the Equity Classes ... and TO DATE' ... The "Debentures" HAVE NOT EVER BEEN REMARKETED ... So, ... back to the "either or above' ... I believe that once COOP hits $50.00 per share ? ... that the accumulated interest is able to be returned and the COMPANY' ... WMIH as COOP' ... will become in a position to Utilized The Original DEBENTURES', ... as Debt Collateral ...
I hope that helped explain yesterday' ... I ain't foolin' around here' ... never have been' ...
just sayin'
AZ
~ Yes9', Yesterday' I Presented A Dissection of "Text" (not any theory) That Is Directly Imbedded Within the 2006 "Amended" Registration' and is Directly Related To WMI's Capital Trust, which again, Was NOT EVER ALLOWED To Be A Part of the WMI Holding Company's Bankruptcy's ~
Everything I posted about Yesterday, Was In Direct Relationship To point 3' of the Capital Trusts Final Liquidation Preference, which was activated on 09/26/2008' when the WMI Holding Company Filed for Chapter 11' Bankruptcy Protection ...
Point 2 address's the handling of any creditors that WMI may have had' and were owed money' ... obviously, ... at Plan 7', the 2012 WMI Reorganization, ... the Creditors and Claimants were able to all be paid with WMI's CASH and Tax Refunds ...
Point 3 distributes any interest returns generated @ .05375 annually to WMI's Common Shareholders ...
The financial trigger event' ... Is', ... The RE-MARKETING of the Capital Trusts "Debentures" ... The Entire Amount of "The Debentures" ?, Is An Unknown, ... HOWEVER, ... "WE' Can Be assured of a minimum of the "Debenture" Debt Support Listed On The Original "Docket Submissions of $1,150,000,000.00 ...
... IF' ... once the Liquidation Preference Had Been Activated', ... a Company's ... now, in the event of a reorganization, with' WMIH as COOP of course reaches ... a $50.00 pps or' May of 2041', ... the "Debentures" "Covenant" had been complete' ...
So, ... I have concluded, after additional study of this amended registration ... that had "6" been approved, ... the Debentures would have been rapidly "Re=Marketed" for the benefit of "rosies" chosen Participants' ... However, ... Judge Walrath made sure that "7" was Approved, giving the Reorganized WMI', ... now, as WMIH trading as COOP', ... to the Equity Classes ... and TO DATE' ... The "Debentures" HAVE NOT EVER BEEN REMARKETED ... So, ... back to the "either or above' ... I believe that once COOP hits $50.00 per share ? ... that the accumulated interest is able to be returned and the COMPANY' ... WMIH as COOP' ... will become in a position to Utilized The Original DEBENTURES', ... as Debt Collateral ...
I hope that helped explain yesterday' ... I ain't foolin' around here' ... never have been' ...
just sayin'
AZ
~ Go Ahead Ya'll & Have Fun', LOL', that's all OK', ... BUT ? Seriously, The Registration Was Amended in 2006' ?, the WMI Cap Trust Was Never Part of the WMI BK's, and' The "Debentures" WERE NEVER, RE-MARKETED' ~
... a $50.00 "COOP" Common Share Price' ? ... as a present tense representation of the Original WMI' ? ... activates (point three) the Accumulated Interest Returns, ... and ? ... Allows for the "Debentures" to be utilized as WMIH', trading as symbol "COOP"(s) ... "Debt Collateral" ... again, the key ?, was that ... "The Debentures" Have Never Been REMARKETED, ... or, the Accumulated Interest generated by the "Debentures", @ .05375 per year', would have already been distributed ...
... "it is what it is" ...
... The WMI Capital Trust was always designed to be a protective Poison Pill in the event of WMI's need to file for BK protection ... whether a 7'' or an 11', purchased ?, etc., ... Obviously the 11 Was Filed For', & WMI Reorganized, and', was able to pay everything off with its own CASH and Tax Refunds at Judge Walrath's Plan 7's Approval ...
... It's OKAY LOL ... Have A Good Time ... BUT ? ... I Believe That's where COOP is going and soon, ... yep, quickly to $50.00 pps' ...
Oh, and you betcha', ... AZ's "4" accounts are already "Fat', Returning ALL Original Investment Costs, and passing the million$$s mark, in all FREEBIE' COOP' share values, ... as we crossed over $38.00 pps, ... but ?, will have substantially increased all the more', as COOP continues to rise' ... GO COOP'
... wait' ?, crusty ? ... what's up with dat' ... :) ...
Thank You Judge Walrath, and Thank YOU KKR, ... and' ? ... Thanks for the powerful increases from WMIHC, ... and now again from WMIH as COOP' ... GO COOP', GO COOP', GO COOP' ... (last one for today) ... ya'all have a great day' ...
just sayin' :)
AZ
~ Every' Documented COOP pps', Has Been A "Sign" To Make A Choice ? ... Yes, COOP Has Been The "Tell" For Many, Many, Many Years' ...
I have never, ... forwardly', recommended, a buy', sell', or a hold ... NEVER' ... everyone' has had the exact very same opportunity' ... Every One has been shown that, "COOP Has Been The "Tell" ... but ? individual choices ?, are also required ? ... or not' ... ("own it") ... :)
... now ? ... ~ Know What You Own ~
just sayin' :)
AZ
~ Yep, ... I say "WE" Are Good', Very Good' ... It Looks Like To Me That, The Company's BOD's Has Been Following The Original Directives' of the WMI Capital Trust', and the Securitization of the "Debentures" ~
... again, the "key" take away, is that ... "The Debentures" Have Not Been Re-Marketed" ... and the allowed distribution trigger, ... is for a common share, now represented by COOP', to achieve a $50.00 price' ... GO COOP'
just sayin'
AZ
~ JJ, Yes That Is My Opinion, ... the Current BOD's Are Deciding "Everything" just as in the days of old' ~
... the 992's and the 84's are difficult to track, "other than" ... the documented accounting disclosures through the third quarter of 2018', as the WMIH Preferred Managing Subsidiary ... which reveal their inbound earnings and then their expenses as I've posted', as are all documented ... as well as their association to WMMRC', ... now of course also "closed" as the recent misunderstood PLR referred to', and, as stated in the 10-K ...
... the 968's are easier and trackable however, ... through the BK Docket Submissions and the Disclosure Statement' ... and now, as I re-read and study ... "The Covenants" ...
I say "WE" are in good shape, very, good shape' ... as an Original Company's Common Share, is now represented by "COOP" ... as COOP rapidly continues to move forward to the $50.00 pps', as mentioned in the Original Documents' ...
just sayin'
AZ
~ Cool', Yeppers I's Always Asking The Very Same Exact Questions as Everyone' Else ? ... What (da-f) Is The Hold-Up ?, and I Continue to Study', ... I Believe The $50.00 pps for a Common Share (now represented by COOP' Is The Trigger', Since The "Debentures" HAVE NOT EVER BEEN RE-MARKETED', and. that DEBENTURE Debt Collateral, Is Going To Be Available To The Company' very, very, quickly' As "COOP" Is Rising Nicely' ~
... "Study Continues" ... :)
just sayin'
AZ
~ Gert', I Didn't Come Up With That "COOP" $50.00 "Common Share" Price', The $50.00 Common Share Price per Unit ?, Is Document Revealed as a Trigger Point' in the WMI Capital Trust Documents', ... as long as' ... "The "Debentures" Have Not Been Remarketed" ... Which ? They Have Not Been', ... now of course, the COOP Commons, are the representation for the Company, Reorganized WMI' ~
per the related document', Had the Debentures Already Been Re-Marketed ? ... The Accumulated Interest would have already been paid' ... again, to date, the Debentures Have Not Been "Re-Marketed" ...
... "In My Opinion ?" ... A WMI Reorganized, now a COOP' $50.00 pps ? ... triggers the process of the returns of the accumulated interest ... interest still owed, for a released WMI Common Share, ... now represented by a DTC Issued ESC Cusip # 939ESC968 ...
... Things continue to be good' ... "WE" are almost at a COOP $50.00 pps ...
just sayin' :)
AZ
~ JHD', Thanks For Being Grounded Within These "Impartial" Financial Considerations' for COOP as Documented' ~
... Yes, COOP's pps has been rapidly moving forward ever since early 2020' ... and will continue ...
... The key has always been that, ... "The "Debentures" Have NEVER BEEN' Remarketed" ... and the possibility's have the word ... "OR" ... imbedded as a ... "Covenant" ...
Had the Debentures Been Remarketed ? ... the withheld accumulated interest would have already been paid' ... a $50.00 COOP Common Share Price Could Very Well Be ... The Trigger' ...
I say "WE" are in Great Shape' ... Keep Goin' COOP ...
just sayin'
AZ
~ Again MBK', ... Those Individual "Life" Occurrences ?, Are Obviously "Sad", But They Are Individualized as Well', and Separate From What The Company, WMI now Reorganized Has Done ... Now ? of Course as "COOP" ~
just sayin'
AZ
~ Just Point Proving', "who" Has Not Read or Understands The WMI Reorganizations Actual Docket and SEC Documents' ~
... in lieu of' ... ? ... LOL' ... the Reorganized WMI, first into WMIHC, now into WMIH as COOP ... ? ... Has OBVIOUSLY Been A Money Maker' ... Choices' ... Right ? ...
Thanks Judge Walrath and Thanks KKR' ... This Has Been A Great "Investment" ... and ?, has more to go' ...
... the key has been, that the "Debentures" Have Never Been Remarketed' ...
just sayin' :)
AZ
~ Yeppers', And a "fwew", WMIHC's now "COOP's" Missed Opportunity's ? ~
... Obviously' ... at each level, buying opportunity's have been shown to ALL' ... LOL' ... Do Your Own DD' ... and "Participate" ? Accordingly' ... LOL' ... or not' ... right ?
just sayin' :)
AZ
~ Yeah, There Are Always Those Ever Famous "If's" ... Right ? ... "If This ?, If That ?', If Only ?', ... Well ? ... That Ain't How The System Works' ... "WMI Reorganized", First Into WMIHC, and now into WMIH, trading as Symbol "COOP" ... and' Has Been NO Different' ... The Opportunity's Have Been The SAME' For ALL' ~
... its a tough world' and financial market' ... "it is what it is"
just sayin'
AZ
~ Been 100% Consistent', and Pro' Judge Walrath Since 2008' and fortified in 2011', ... Also For MANY, MANY, MANY, YEARS' NOW', Yes, Since 2017' and Forward, ~ "Watch The NewCo' WMIH, now symbol "COOP", It Is The "Tell" ~ ... ~
... nothin new ...
Makin' Money (yes, a lot of money) Along The Way ?, ... was a no brainer' ... First as WMIHC, and now as WMIH as symbol "COOP" ...
... Thanks Judge Walrath and Thanks KKR ...
GO COOP', GO COOP', GO COOP' ...
just sayin' :) ... "its all good" ... its just choices' ?, right ?
AZ