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Yep....Simply indeed...
It's just amazing to me how people can read the same document and come away with different opinions. I do know that we have no idea if and/or when there will be a payment to escrow via COOP. We say that we are waiting with the big boys (HFs) but it's possible that they have already gotten a return. AZ has done a lot of reading and DD and last year he posted the main event would happen by end of year 2020 but nothing happened. Ms. Alice posted on the BP board in February that her source told her that something would happen in a couple of months...well it's June and nothing happened. Now her source tells her June 30th. Her source, according to her, also stated that she was holding things up yet someone on this board stated that she was not holding anything up. This is like a mystery that has been going on since 2012...9 years. I believe that all the little people on this board want to know is when. AZ states "COOP is the Tell"...what should we be looking for? Simple English not language that you can't understand.
He has been saying this it seems for years. The BOD is working on this but the only thing we see is the gifting of shares to themselves. Don't seem like they are concern with setting things right. I can appreciate all the comments and messages on this board by those who post but what good is it if you read and more confused.
AZ also stated that the money will not come from the trust but from COOP. Rosen is correct according to AZ...there is no money for us from the LT.
How can you mention "the Source" all thru your court filings and not willing to give the name. I'm not a lawyer but the job I had before retirement was investigating employees issues and concerns. If there was a situation of a "hearsay" comment(s) I needed the name or evidence in order to continue the investigation. If the employee was unwilling to provide there was no more I could do but close the case due to insufficient data. AG is an attorney she should have known the court would ask for the identification of the Source. So she should have prior to the filings asked this person can she give his/her identification. She really needs to stop and let this end.
They did what they wanted to do and dragged this out to get millions paid to them from the trust. I'm sure they do behind the scenes crap all the time but never thought they would have a person like Alice to challenge them. I'm not in the debate of the 1% issue but I do respect what she is doing. Do not know how things will turn out in court tomorrow but one thing she has done is fired a warning shot..if they are smart they will stop this BS going forward.
Yes... please! These past 9 years have been brutal. If they had taken care of this in a timely matter this would be over. Rosen's greed got the best of him in prolonging the bankruptcy and now COOP which is the tell is taking care of others rather than ending this. Again, American Greed. This is what they do to keep the money.
Yes it is strange. I think I'm in the wrong stock. Coop has made no effort to increase the value of stockholders. Someone on this board said that "Watch Coop; COOP is the Tell", well I've heard this for years and we have yet to understand that statement or what it is we should be looking for. I despise people who make such comments that say nothing and refuse to give the details in normal English. I have pre and post Wamu/Coop stock and escrow as well. Yes, I've been in this more that 13 years and it's very disheartening to see what is and has been going on with this.
For whatever the reason the financial community doesn't seem to think COOP is undervalue as of current. Something is causing hesitation ....
Hi AZ,
Forgive me for asking for clarification in your statement below. Are you saying "your source" communicated to you these facts.
~ Repeated For Accuracy; My (very’ credible) “Source”, Verified the Completion of the “wmi-lt”, the Delaware Court’s Order and the Final “wmi-lt’s” Distributions per the Court Order, in January of 2020’ ~
Also, are you saying this will end with June 30th, 2021?
Reading and Understanding in their entirety, the “COOP” SEC Submissions, the Registrant, and the time lined “COOP” share allocation, reveals the positive result to come for those holding the DTC’s Issued ESC Cusips, as the “COOP” common sharing alignment with the predecessor / successor accounting utilization comes to an end with June 30th, 2021’s fiscal reporting comes to a close …
Hotmeat,
Do you really think that Alice would file a document with the courts with made up statements concerning "The Source" and the $$ involved. Why would she lie...it makes no sense at all. If she was talking about this on the message board...ok I could see you saying this but she filed a legal document with the courts. If anything maybe her "Source" has lied to her.
That's why that number is not going to be.
Major...will there be a dilution and if so should I sell my COOP shares that I currently have?
Well it looks like AG's chess move is bold and has a hint of confident arrogance. "Touchet" AG.. I will say she is the only one that has confronted the beast with her speculation and/or knowledge even though some have said her work was sloppy. After 13 years of this I take my hat off to her.
Unfortunately the financial community doesn't think so. Something/somebody is holding the price down. When are they going to take their feet off the brakes and let the price rise. After years on this board I realize that what I think or anyone else on this board thinks we are not driving this bus.....we are passengers hoping and dreaming .....
"COOP" shares are very valuable'
Now this I can totally agree with. Again it's called American Greed and if the return is anywhere close to the amount of dollars posted on this board why do you think they will release anything to us. There is nothing legally specific that speaks to this in detail as to where the money is, who is the person/company responsible for distribution and what is the last action to happen in order for the distribution to start. The speculation on this board should not be...there should be factual information concerning the escrow distribution. The reason I know this does not exist IS because of the many different points of view placed on this board. We should all be in agreement because the facts speaks for itself. By the way with facts there should not be changing of dates. This date revisions have been going on for years.
If monies are legally hidden from us, they will always remain hidden. We won’t see a cent.
Royal,
What does this have to do with WM escrow??
I guess the next question is why ? How many more years to we have to wait for justice. For me if Coop was at $100 a share I would've n need escrow. So what is the blockage that is holding this back?
Hmmmmmmm.... I read that statement by AZ also and thought if he can make that statement then he should be able to tell us when "COOP is the tell".
For him to post that statement and not give us more information knowing people are desperate to receive $$ says a lot about who he is. My Opinion.
What puzzles me is with all the documents around there is not one mentioned of the time this F&R to escrow is to take place. If it was certain people on the board would not keep coming up another date when the last date has transpired. After 13 years and nothing I don't think anything will be coming to escrow. I believe the persons in charge and responsible for making this happen (and it's amazing that we don't know who that is) has found another way to milk this money in their favor. It disturbs me when certain ones post information on this board as if it's factual and it's not. Giving people hope is on thing but later it turns into emotional abuse.
It's called "American Greed". If you think they care about the shareholders...think again. They are doing nothing to take this stock over $40.00.
Watch The NewCo "COOP" It Is The "Tell" ~
AZ,
We have been watchin the NewCo "COOP" for a very long time. First..what should we be looking for and Second, when should we expect what we are looking for to happen?
WHEN ? ... Remains an unknown, ... AMOUNTS ? ... can be conservatively calculated per Cusip, ... "COOP" ?, that's easy ... However ... ~ Everyone, Institution and Individual Alike, Waits At The Exact Very Same Time ~
OK...then you would think the institutions would be putting pressure on WMIH/COOP to get it done NOW. It's been 9 years if count from 2012. I watch the show "American Greed" and one thing I have learned is greed brings out the worst in people. The idea of doing the right thing(s) and/or following the rules/laws flies out the window. I think this maybe the situation for escrow. It's possible the reason the big boys are not screaming is because they may have already be paid something. My opinion only.
Well, well, well...if you read the last paragraph from CSNY it's all about "I" (her} and not what is best for us all. This is all about her and nothing about us the group. My goodness...I would say that she has an emotional condition which some people are being sucked into.
Finally, I know some of you are hostile to my decision to exhaust my legal remedies. My response is that my portion of the money coming to us is a large sum, very significant to me and my family, and I have no intention of relinquishing any portion of it unless forced to do so. No one here is going to replace the money I will lose if the Underwriters remain in Class 19 and given reports I have received very few people here would be able to write a check for either the initial or ultimate value of their portion of the money lost to the Underwriters. (Also remember that Morgan Stanley/E*Trade has the largest portion of the Underwriters’ $72 million claim in Class 19.) Accordingly, though I am sympathetic about people’s individual concerns, I am resolute. If you want to hurry things along, reach out to Tepper and the other three Settlement Noteholder heads and Jon Savitz.
Yes....I have Schwab. This has been this way for years.
PickStock.....well stated. I believe you spoke the heart of many on this board. It's been 13 years and people are frustrated and it's emotional debilitating when dates are spoken and when they past new dates are posted. Coop was suppose to be the "Tell" at $27 and change. The stock is over $30 and the phrase of "Coop is the tell" keeps coming up without any explanation of what is Coop suppose to be doing in order for the spoken escrow dollars to flow.
This wouldn't be so hard to take if escrow was receiving dollars. Certain people on this board are making assumptions based on what they read from the documents filed. I believe there are a lot of things going on behind the scenes that we are not aware of until the action has been done. Again 13 years is a long time for anything and whoever is in charge please have a heart and let the $$ flow to escrow. PLEASE..
Pick...thanks for your response.
Does it means escrow will be receiving $$ soon? Is this the "COOP is the Tell" event that AZ is always talking about which starts the $$ to flow to escrow. Like many I'm just ready for this to start now and be done with this. It's been a long, long time waiting.
Unfortunately, I don't think anyone on this board can answer this. There is a lot of information and DD posted but not this. The CEO and Board gets a boat load of $$ but we sit waiting for somebody somewhere to make a decision to start payment to escrow. My opinion ... "This makes no sense".
If there is $$ for escrow then why haven't we heard anything from the people or persons who know.
YES
waiting on something like COOP did say ( Royal Dude post )
if the Transaction is not consummated by August 12, 2021..
Is this another data? When August 12, 2021 pass there will be another date and another date and another date which has been going on for years.
I just don't understand why it's taking so long for the money to move our way. Makes no sense....after 13 years. The people responsible have the power to make this happen now that is if there is money for escrow.
I'd sacrifice that in a heartbeat, to be done with this 12 year insanity.
AGREE!!!!!!
I agree dragoon76. It seems to me that she is only for self. This last submission is proof of her intention.
Austin.
I agree with your statements. There is some entity or person holding the funds from escrow. I think if you're not trying to get this information then the other comments on this board is futile. The shortest distance between 2 points is a straight line.
RD...how do you know this? This looks like all the other information you have posted that had nothing to do with COOP.
Money coming from GS to Coop for COOP
FOURTH. The total number of shares of all classes of stock which the Corporation shall have authority to issue is 4,350,000,000, of which 4,000,000,000 shares of the par value of $0.01 per share shall be a separate class designated as Common Stock, 200,000,000 shares of the par value of $0.01 per share shall be a separate class designated as Nonvoting Common Stock and 150,000,000 shares of the par value of $0.01 per share shall be a separate class designated as Preferred Stock.
Are we still expecting an announcement from BOD prior to the earnings CC?
Have a Schwab account and below is the message I received when signing in.
+++++++
This system is temporarily unavailable. Please try again later. For urgent trade-related matters, please call us at 800-435-4000.
AZ when will will we see the payout. It's been 13 years and the BK ended last year. Alice's appeal was denied. What is holding things up? this makes no sense especially with the number of years behind us. Where is the compassion and mercy from whomever is in charge. So tired of the speculations on this side. The people on the other side who know exactly what is going on is not saying anything......
Yes, the cost has been huge for most. We are in the 13th year and we don't know no more than we did 5 years ago. According to AZ we were suppose to have seen some activity by EOY 2020....but nothing happened and RD is still doing what he was doing 5 years ago...predicting dates that come and go with nothing. It's obvious that we are hoping and praying for something to happen soon...real soon. I personally think that the person in charge is doing whatever needs to be done to make sure we get nothing. If they can use the interest for something else and we are not informed then what will keep them from doing whatever needs to be done behind the scenes to make sure we get nothing.
Hmmmmmmmmmm....looks to be so.