Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I have been listening here and doing my own research and one of the few I have consistently considered is a cowboy. For those who have taken his clues and followed up I do contend will be happy in the end with their choice to know what you own. P's will have their day as well, but only if you released.
IT WAS LONG WRITTEN DOWN Regards,
B
Depends where you bought. I for one am very happy with my recent re-entry points. IF It keeps going I will be in fantastic SHAPE..... 30 years trading and I have seen this SH!t show many times before.
Trader regards,
B
As I have said and..... It looks like I am off by a few days on 6-8$ Intra-day . I added some more today and am going to back up the truck for all I got to spend "that I can Risk between 6 to 8$ watching for the intra day Vomit Comet and blood bath that will ensue. After watching today I believe in which full capitulation will be reached and the blood will be spraying.... soon.... that will be the end of this letting... then back north.... IMHO. I have waited a long time for these days.
Trading Regards
B
Either way even if it is a wreck try to keep it on the rails. Life will work out just don't get lopsided.
Regards,
B
MY 2 cents is relax the best you can and temper your emotions. Obviously things are happening on many levels.
There is some really solid DD by some, and speculation by many. For sure we know the court cases are wrapping up and although we may see a couple more (who knows ) we are getting closer by the day to finding out just what we have .
It could be a big fat nada (I think unlikely) research and documents show nothing definitive to that effect.
I think there may be an adequate resolution (More likely) or it could be a Cinderella story(highly unlikely).
What ever the outcome, take home the fact that you are here because you choose to be or if not, turn off the computer and come back in a couple of weeks, do so as needed and someday you will find the end to this long journey. At this point I will be staying.
LMAO regards,
B
AZ RON BoardDoark Mordi Large BBAN HOT ect.. Research, Payment and Timing Thanks for your contributions either pro or con.
A. Many have researched the crap out of the process, priority and the legal path.
B. Some have chained many of the pieces and paths to potential payment or recovery.
C. There is a very large divide between many here as to how, when and how much.
D. Documents,findings and rules are and have been set and ruled on. The interpretation of legal meaning and affect of those, some I think have really spent the time and gathered the expertise to disseminate correctly the corresponding documentation.
E. The majority here hold onto other words when they have not even read all the supporting documentation to verify and vet the words they hold onto! Regrettably they attack or defend others assertion with out proper thought as to why they do.
So where does that leave the process.
1. Only you can let you down. Verify and vet for yourself all that hypothesis you may or may not believe.
2. If things are not as you may wish or hope for go back or hire competent counsel to assist in your understanding.
3. Work towards understanding and correct interpretation of the findings you believe.
4. HOLD ONLY YOURSELF RESPONSIBLE FOR FAILURE OR ACHIEVEMENT IN THIS DEBACLE.
5. Share what you want to with those you choose to.
6. Remember all are here for a reason!!!!! Finding those motivations and the methods of hedge funds, posters, and Govt agencies and the length they are going to to hide protect, steal, mislead, and confuse SAYS VOLUMES ABOUT WHAT AND HOW MUCH IS AT STAKE HERE. THERE IS SO MUCH SMOKE IN THIS BANKRUPTCY, ONE CAN EASILY DEDUCE THERE IS A MONSTER OF A FIRE JUST BELOW!
Whether we are close or far from ZERO DAY or PAYDAY I hold myself responsible for the time and effort I have spent here and chosen to do so with out regret!!!!!
Regards,
B
So if that is just a portion of the legal fees the real question how big is the estate that is left that they were litigating managing and resolving? looks to me there is a F a lot to require that amount of billing. We shall see soon enough.
Regards,
B
Hexon,
Thank you. I think they will pull the rug out and it could go sub 8 for a panic effect. Hoping for all the show wraps up soon. Its is starting look like a coo coo clock factory around here and some need to put the coo coo back in the clock.
Regards,
B
Hexon,
So from the message they are stating the DTC notes say they will be awarded or converted to Common Coop Shares {CUSIP 62482R107}if I am reading that right, if and when the conversion or award was allowed.
If that is the case then it would make sense why the price has fallen so rapidly in coop commons share CUSIP 62482R107. Look who are major holders of CUSIP 62482R107 COOP
Who owns Mr Cooper Group Inc Com stock? CUSIP Number: 62482r107
Regards,
B
I sincerely say thank you to all are Vietnam Vets! About dam time and way to late for all of you in recognizing your selfless service and sacrifice to this nation. You all deserved much better from your country and those whom called you to service in the name of greed and maleficence should be subject to the harshest of all penalties.
Thank you for your service sacrifice you deserved so much better.
Emptyhead,
That is an interesting thought..However the escrow markers and their potential payout from the trust would be separate under Az's scenario. So what you are contending would be a pass through that would have a direct effect on the dilution of Coops stock price which is a different scenario if I understand you correctly.
Regards,
B
How can anyone not believe there at min 16 billion coming back
What was siezed:
On September 25, 2008, the Director of the Office of Thrift Supervision (“OTS”)appointed the FDIC as receiver for WMB (“FDIC-Receiver”). FDIC-Receiver immediately sold
“substantially all the assets of WMB” to JPMC pursuant to a Purchase and Assumption Agreement
(“P & A Agreement”) dated September 25, 2008. Compl
What was not:
WMI Hold co according to GAO 24.8 Billion net value at time of filing. This does no included a rather rather large pool of trust seperate.
We are almost to the end and it gets clearer everyday very very significant recovery awaits signed and releasing marker holders.
Regards
B
Oh great harm has been done by the Hot coffee. Why do I feel like this is a bad holdup? Well at this point she loaded the gun and pulled the trigger so lets hope that even blind squirrels get nuts. It reminds me of college when some one would keep asking questions of the Prof just about when the Prof was ready to dismiss and the semester was over and all just wanted school to be over. Her timing is frigging impeccable.
Regards,
B
I do believe you are On the Mark P's and that Purse of hers may also be a part of the 'Reason"
Regards
B
The question being is it is a manipulative false flag that has been used so all can be issued on par?. I believe AZ is correct in his "controlling mechanism" whether I like it or not is not the issue. I believe him to be correct in the "controlling mechanism" . It not about cheer leading or such nonsense he is correct in COOP was and is a tool of WMIH which senior debt needed. He is correct that presentation. As to your why I will let AZ answer as he is more qualified I believe.
Regards,
B
Bopfan I am no fan of. From day one she always made out to be on the side of Escrow. I have never seen once where she was right out of all her legal prowess and abilities to call anything correctly as far as out come let alone process. Pro Se as I have myself Means "FOR SELF" In representation of SELF. I am not saying the point she brings to the court is not correct as a question of the court however I do not trust nor will I fund. She has more than her own agenda in play. NOW GO AHEAD AND ATTACK ME and that is OK but that is my thoughts on this.
Attack regards
B
I do believe this is the final leg down ...way too many things lining up as Lucky Panda laid out ....just to much going on here to think nothing is up. They bleed this much more there wont be anything left for them to take...LOL.
Regards,
B
Loaded a bit more today! I have seen them always shake the old wamuers hard every time just before big news...I held some back just in case we get one more On Monday or Tuesday but at this point I would not bet will get one more leg down...
Regards,
B
Az,
Thanks for filling that background on your bio. Now I know that it explains THE WHY! Pleasure to say I have rubbed digital elbows with a distinguished United States MARINE, with high honors ! Thank You for all your meritorious Service to this Still great nation being held together by the highest of ideals in the hearts of the common citizen and service members of our armed forces.
It is an honor. Never held your high calling however I put some people back together as a Paramedic and Fireman stateside, could not fathom what you had seen.
Honor Regards! Truly!
B
YES IT IS CLEAR AZ YOU NAILED THE DELAYING MECHANISM PRECISELY...PERIOD!
As you paved the way for some of my own thoughts on that topic you commanded it unequivocally and nailed it with precision and clarity unmatched...It is quite a undertaking and massive research to uncover how they did it! Hats off!
Best regards,
B
JB
Only you know the answer ,however IMHO this wont be down long outside 10 trading days and it will spring back fast and hard ..real hard!
Regards,
Az
Thank you for the reply and very well clearly stated post. I guess that is what I was trying to say in my analogy about Coop as a washing machine. Nice job on your DD as always. You have saved many here from utter despair over the years and helped thousands. May you be justly reward now and in the life to come...win loose or draw.
Az respect regards,
B
JB,
OK. Sorry you do not gather the analogizes I am drawing ,however at least your forthright in saying so!
Regards,
B
Lucky,
I believe water flows in two ways one directly to escrow markers long ago decided and two, through our reorganized shares which we were giving in the reorganized debtor. It is my belief we will see the majority directly for a multitude of reasons...and yes one of them being very small media impact.
Luck Regards,
B
JB,
Simply put if you go to a well to get water you take a bucket. The bucket is not the desired item The Water is. Coop is just a bucket that the water must be caught it until its emptied.
Regards,
B
That is likely if not for sure. Question is how much?
Regards,
B
AZ
How do you feel about Coop as a stand alone Company? It seems to me that they are not off to a brilliant start considering WMIH bought out coop. They sure must feel that have a humdinger up their sleeve and are playing their newly acquired share holders like punks. Thanks kindly for sharing.
Regards
B
Who is to say that Coop is just more than a vehicle to recovery and not the end goal? I think sometimes that too much emphasis may be placed in the Vision of what Coop may be instead of the the WASHING MACHINE IT MAYBE. All I am saying is there is many possibilities and one could be; it is really not the prize, just the washing machine to wash the product back out the clothes.
Just a different view. Disclaimer I do own coop and have been adding the last two days. I would concur with some others here and would not be surprised to see them see how many here think the can catch a falling knife!
Between 6.00 8.00 on an intra day yank and they will firm it up over the next 7 trading days is my guess. Then we may all be hearing the news that rockets it north back over 12 in the coming weeks is my estimation.
I have been waiting patiently for this move and YES THESE CROOKS ARE THE BEST SO I DO NOT THINK I WILL BE STAYING VERY LONG WITH THIS DEN OF THIEVES RUNNING COOP.
3 month chart
Very Interesting Chart to say the least
Regards,
B
Financial Institutions Can
Be Parties to Contracts
That Receive Safe Harbor
Protection
lthough the automatic stay is one of the central provisions of the Code, it is subject to exceptions, one of which can be particularly important in a financial institution bankruptcy.
17
Commonly referred to as a “safe harbor,”
this exception pertains to certain financial and derivative contracts,often referred to as “qualified financial contracts”
I think all should read what can an cannot be done with regard to these..
https://www.gao.gov/assets/330/321213.pdf" rel="nofollow" target="_blank" >https://www.gao.gov/assets/330/321213.pdf[tag]GAO LINK/tag]
Yes Royal I believe the may use a variety of methods if JPMC is to pay us. Who knows anything is possible.
Regards,
Barry
I always go back to valuation by GAO
Washington Mutual also had several nonbanking subsidiaries, including two captive reinsurers, several mortgage companies, and several real estate companies. At the time of filing, Washington Mutual had
approximately $32.9 billion in total assets
and total debt of approximately $8.1 billion.
32.9 Billion Assets
-8.1 Billion Debt
_______________________
= 24.8 Billion Remaining assets
24.8 Billion ON THE BOOKS OF WASHINGTON MUTUAL INC! NOT BANK... INC!
WHO HAS THE MONEY ?
In my opinion and from my research over the years I most definitely believe 24.8 billion is the number with interest accumulating. I would like to believe big numbers however I see no path to pie in the sky numbers I do believe we will see recovery north of 24billion plus interest added less lawyers, accounting and litigation expenses.
https://www.gao.gov/assets/330/321213.pdf"; rel="nofollow" target="_blank" >https://www.gao.gov/assets/330/321213.pdf
Regards,
B
Royal
Its just a Bond Issue for JPMS international Issue not us.
Regards,
B
Jpm Got the deposit basis and retail banking operations for 1.9Billion they did not get the Hold co net cash which still remains at a GAO certified 24 Billion.
Regards,
B
Large
I have always read those articles the same way. Unfortunately I have not the time nor the desire to argue with those whom do not share the interpretation. I have read those same docs and always comeback to a quid pro qou. Something for something has always been pretty clear and to argue otherwise is like the political environment we are in.
Nice synopsis Large> Nice job. I applaude your efforts to keep the weary from jumping off a cliff.
Best regards,
B
I think many here forget that The share Markers have different meanings and mechanisms all which are not the same or function the same.
Marker Regards,
B
DEFINITION of Escrowed Shares
Escrowed shares are shares held in an escrow account, secured by a third party, pending completion of a corporate action or elapse of a time period leading to an event. Shares are escrowed in three common cases: merger and acquisition transactions; bankruptcy or reorganization of a company; and granting of restricted shares to an employee of a firm
A bankruptcy or reorganization during which a company's shares are suspended from trading pending the resolution of the corporate action. In this case, a shareholder's holding will be converted to escrow shares and then converted back to their original form if any equity remains in the company after the completion of the bankruptcy or reorganization process.
So in our case The markers are class specific? The DTC and (cuspds) are specific So as if one is to believe the LTI argument once WMI went into WMIH it should have been poof OR if you are in the other camp they are class specific which means if the TRUST are used to refuel Coop the new CO then yes those Markers will be reimbursed their APPROPRIATED VALUE.
Regards,
B
Whatever comes to pass I truly do pray our time here will soon end. I pray this will end reasonably soon. Of course we will know whom was correct and whom was incorrect but does that really matter?.
Whether winner or looser we all will be able to close the book of WAMU and move on from this place. Best regards and luck to all especially those who have been harmed I hope restitution will be theirs and reward shall be adequate.
Regards
B
Checking back in after recieving a nice check in the mail!
Hello to all those longs whom have been on the most arduous journey, I hope all are well and of good spirits. I received my final piers payment ....thank you.....By the sounds Az Ron and a few others we should be ready to finish this all off shortly.
Best Regards,
Barry
Lodas, Hello. You cant go back and make Frank Dodd Act retroactive. The Shelia Blair and the seizure of WMB and the harm it cause its holding company WMI is precisely why Frank Dodd was created so the F-up would cover Hold Co's next time. But they F-up'd and then found out how bad they did.
Regards,
B
FDIC SEIZED WMB WMFSB. THE FDIC DID NOT, I REPEAT NOT TAKE WMI's MONEY or SIEZE WMI's assets. The FDIC effectively cutoff the arms and legs of WMI by their actions of Seizure. How could The holding company do anything with out banks and customers. Hence that is why the FDIC want are releases.
If anyone thinks that we have monies in mass coming from the FDIC Receiver they would be incorrect. As for what we could get from them is some restitution for seizing WMB as The FDIC's hasty action caused a unrecoverable and irreversible situation for the holding co WMI. So all that was left was the HOLDING CO and their Big ass Safe of assets that filed For Bk PROTECTION because a Holding company with out a bank is useless going forward. WMI at the time of filing had 32 Billion in assets and 8 billion in debits and was Valued at 24Billion NET!
Please everyone remember what the FDIC SEIZED!
Hold Co Regards,
B
If Escrows have no claim to the assets of WMI why swap them for new cuspids share from share in all flavors locking down the change of ownership. The only thing we would have had coming were LTI's or the dispute4d additional shares we have received. LTI's and Escrows are NOT INTERMINGLED!!!!!!!!!!!.
Regards,
B