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You’re welcome and that makes total sense. The numbers add up.
Thank you Newflow!
Let me add this. “ Regardless of when the wind-up is completed, the corporation’s existence will continue for a minimum of three years after the filing of the certificate of dissolution.” Unless a longer period is granted.
Also, to add. I would like to buy a Library, learn a few other languages, get my CPA’s License. No fancy hunk of Plastic, Rubber, Composites, Precious and Semi Precious Metals also known as, a Car. For that, I’ll rather invest in Commodities. Proud to be a Nerd!
Good Fortune
Wow, I have a similar Plan! More Power to You!
I’m going to be like Mike with an NDA and speak of nothing. Still looking like the old guy driving the old truck.
Hey Newflow, I’m not sure if you read this or not but I’m sharing the link. It’s really interesting.
https://bpinvestigativeagency.com/if-wamu-admits-to-destroying-the-chain-of-title-how-can-chase-retroactively-correct/
Thank you, Lodas. I appreciate it.
It’s good to read normal conversations to break up to monotony of the same old arguments day in and day out. I appreciate the change.
Magnificent and Majestic looking animal. I would love to hear it’s bellowing call over the horizon.
Thanks for sharing. I won’t be rude and invite myself over, so I will live and enjoy through your pictures. Lol
Wow, I remember being the first to post about WAMU Assets Acceptance Corp back in the Yahoo Days. When I stumbled upon Bill’s Page. (It seems ages ago.) Now looking at the writing and having a better understanding that the average Assets of the MBS had a 6.94% Interest Rate. So I theorize that in order to Repurchase or Replace those Assets they waited until the Current Interest Rates were similar to the Original Interest Rates. Just my Opinion.
Also, if you notice the Assets’ Total started at $29,545,922,955.00
Which coincides with Justin’s $30 Billion Dollar Number being Paid somewhere down the line. Thanks, Newflow.
Lodas, I wanted to Apologize to you for “Marking Your Time.” It was Rude and Unnecessary and very Juvenile of Me.
LOL! GOOD NIGHT LODAS...
LOL! Good Night Lodas.
How many impaired clases received a Payment?
More than 10 Impaired classes! That argument holds no water!
Again, THE 6th Amended Plan Along with the 7th Amended Plan make up, “THE PLAN.”
It’s a HYBRID OF 2 Plans in 1!
There were 2 Debtors not 1.
Enough said.
Good Night, Lodas!
And....THE 6th Amended Plan Along With 7th Amended Plan “THE PLAN”
Got Amended! The Litigation Trust Agreements GOT AMENDED!
Yet, you refuse to admit or see that! PERIOD,
You’re the Bling man that refuses to see!
LOSERS?
You believe the Foking Liars! I have1 Life and I wasted enough of it here! Keep your arguing with a bunch of strangers.
I’m going to go enjoy myself and try to Fok as many PRETTY YOUNG ”FEMALES” AS POSSIBLE! I know... That’s very HETEROSEXUAL OF ME! I’m wired Straight!
At 85 I’ll advise you to do the same you don’t have much time....
No Sheeit Sherlock!
I believe Cenn will have the same Upside as NIO did when VW took a controlling stake in their Chinese Manufacturer, the government-owned parent company of Anhui Jianghuai Automobile Group (often referred to as JAC ...
Thank you and Good Luck & Good Fortune to You!
Frederick's of Hollywood is an American lingerie brand formerly with stores in shopping malls across the United States. In 2015, all 111 retail stores were closed in advance of a bankruptcy filing. The brand was acquired by Authentic Brands Group and was relaunched as an online-only store, FOH Online Corp. In 2018, Naked Brand Group, Inc. acquired FOH Online Corp.
Also, if you were listening to the Shareholders meeting when Naked stated that Naked Brand Loaned $30 Million Dollars to Cenntro to get Operations Started and then at the Acquisition the Agreement states that Naked gets a $10 Million Dollar Loan Paid Off that was not there Prior to the Acquisition. Also, there was no Notification or Filings about the Newly Accrued Debt or Financing.
We wouldn’t be in this Position if Cenntro would have done their Fiduciary Duty and Maximized Shareholder Value buy Not Selling Naked Brand’s Assets for $2.84
Bendon and it’s Subsidiaries for $1 and Fredricks of Hollywood and it’s Subsidiaries for $1.84 . That’s why I lost respect for this stock and don’t even look it. Even though, I theorize that It will rally back up to $7.00 where the Insiders share average before the Stock Split.
Not Bashing the Stock or Company but I am disgusted with the Acquisition Agreements. We were Bamboozled out of Company Assets and Shareholder Value.
Don’t forget it was that Former Management who stole the Company and took it a Private for less than $3. Bentons and it Subsidiaries and Fredrick of Hollywood and it’s Subsidiaries transferred to Former Management and received a $10 Million Dollars Loan Paid Off that was not there Prior to the Acquisition. Zero Debt and $270 Million for the Acquisition. Yet there was a $10 Million Dollar Loan Paid off as part of the Acquisition Agreements.
Cenntro is just an Opportunist. The Real Thieves were Former NAKED BRAND Management!. They also Kept the Old Ticker for a Reason.
Don’t forget it was that Former Management who stole the Company and took it a Private for less than $3. Bentons and it Subsidiaries and Fredrick of Hollywood and it’s Subsidiaries transferred to Former Management and received a $10 Million Dollars Loan Paid Off that was not there Prior to the Acquisition. Zero Debt and $270 Million for the Acquisition. Yet there was a $10 Million Dollar Loan Paid off as part of the Acquisition Agreements.
Cenntro is just an Opportunist. The Real Thieves were Former NAKED BRAND Management!. They also Kept the Old Ticker for a Reason.
Coincidentally I was just having a discussion about SPAC and IPO regarding another company that was used to forego the IPO process.
NAKD and CENN.
The former management, CEO and Directors took the Company Private under the Guise of an Acquisition and sold the assets to themselves for about $2.84. Bentons and assets and Fredricks of Hollywood and it’s asset and Got a $10 Million Dollars Loan Debt that was not on the books before the Acquisition Paid Off by the Merging Company and it was totally Legal and they Figures out a way to Transfer the Asset to themselves and take the Company Private.
At the End the shareholders are holding the Empty Bag!
LMFAO! That is Too Funny!
I believe it will and in our favor. Class 19-Class 22.
I also own COOP.
Thank you for Clarifying. Your explanation brought back the Past discussions.
Now, what doesn’t make sense to me is why my Preferred Shares DID NOT RECEIVE A DISTRIBUTION on the same day as the Common. I have yet to receive a Distribution for my Preferred Shares.
ECONOMIC 101: PREFERRED SHARES GET PAID BEFORE COMMON SHARES.
My WAG IS: PREFERRED WILL GET A DISTRIBUTION FROM THE DISSOLUTION AND WIND-UP.
Also, I wonder why did they use Sell as a Transaction instead Canceled.
To my understanding a “Sell”equates to a Exchange of Money.
You can’t categorize a Sell for Zero Money. It wouldn’t be a Sale, it’s a Cancelation .At the least N/A Not Applicable would be more appropriate.
01/13/20 Distrib/Spin-Off 939ESC968 (939ESC968) to 62482R107 (COOP) 0 0.00 173,150 0.0 ( I copied and pasted )
This is what I found in my Transaction History.
When I looked up the definition of the transactions it’s defined as a Dividend Distribution.
What’s your take on this if you don’t mind me asking?
MISSION ACCOMPLISHED!
BOARD ACTIVITY IS TRENDING!
Look at the TREND!
The Board was going Silent. just a few posters with the same ole same ole!
Then the News! BAM!
Now, here we are posting on a Saturday with so much Activity!
BELIEVE NOTHING! This Board is Manipulated.
Mr Cooper Group has Several Holding Companies. Just to name a few:
WMIH HOLDINGS
NATIONSTAR HOLDINGS
XOME HOLDINGS
Time will Tell.
I like your opinion better than mine.
Mr Cooperman made a Great Example of that possibility when he spoke during the Conference Call Q&A last year.
Bbanbob, with the Architects of WMI, now Administrators of the LT, Birthing a New Acquisition Company, Paladin, and Willam Gallagher, and his M3 Brigade Acquisition Company also being Birthed. I believe that 1 Big Company might not be the way they Go. It might be a Couple or Several Smaller Newer Companies that are used to Spread out the Wealth among themselves.
Just my Opinion.
Paladin Acquisition Corp
M3 Brigade Acquisition Corp
Raja, that is so thoughtful of you. I can’t get past Hi John, without holding back emotions and fighting back that tightness in my chest and knot in my throat.
I was trying to find the right words, better yet, the strength to get the right words out, but couldn’t.
Guidance and Respect!
I wasn’t invited. Lol No problem. I too will save my celebration until it shows up in my accounts.
You wrote Amended Plan 7, but maybe you forgot that there is a Amended Plan 6 in the Disclosure of Plan 7. It gets confusing because it’s almost like it’s a Hybrid Mix of 2 Plans. My belief is Plan 7 is taken care of. Now we wait for the Amended Plan 6 agreements to take affect. Just my opinion.
Who controls “The Preferred Funds L.L.C.” and the Caymans? I see you keep mentioning the Balance Sheet, but what about the Off Balance Sheet Assets? You can’t say they don’t exist because Rosen Clearly stated that the Litigation Trust can go after the assets as they’re going to be carried through.
XOME INC./XOME HOLDINGS is not Valued on Mr. Cooper Groups Valuation , yet it still exist and it’s sitting there in their Portfolio building Equity. What makes you think they’re not doing the same with the Off Balance Sheet/Safe Harbored Assets?
It’s spelled out Clearly in the Agreements.
Also, in the very beginning the language was $1.888 Billion for Reinstatement Fees. Now that wording has changed. To the winning Bid for $1.888 Billion.
Xoom, LMAO! Good one!
There coming from the assets that weren’t part of the agreements.
As stated, Assets of the assets are not part of the Agreements.
Those Guys Include:
Appaloosa
OwlCreek
CenterBridge
Aurelius
What happen to the $10 Billion Dollars that was being Transferred to WAMU and the other $10 Billion that was supposed to shore up the bank every 1/4 throughout 2009 and help sustain it until 2011? That $20 Billion Dollars! The money coming from the $29 Billion Dollars Pot in WMBFSB.(The Little Bank.) It’s in Black and White!
It’s also stated that the Accounting was Estimated and Not Actual.
That too, is in Black and White!
Keep Believing the Liars! You are Good at that.
Rosen and Califano said to “Get Off their Jockstrap!”
Less than 500k shares and a $2.24 Gain.
More Manipulation! Period.
The End of Day Game has gotten Old!
This has been happening for over a Decade.
Nothing New!
You really think a Corporation is going to Leave $299 Billion in MBS and $29 Billion in Cash for a Mere $6.5 Billion Tax Credit?
The Math Formula is not Formulating. Lol