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Thanks for sharing LG,
the 75% 25% is part of the WMI Liquidating Trust agreement... its scope?, I don't know
WMI Liquidating Trust Agreement, dated as of March 6, 2012, by and among Washington Mutual, Inc., WMI Investment Corp., William C. Kosturos and CSC Trust Company of Delaware, as amended.
(11)
Holders of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full. Further, distribution to Tranche 6 will be shared 75% and 25% pro rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000291/mm08-1512_8ka1e102.htm
Thanks for sharing,
maybe not difficult to understand but easy to forget, anyway:
Mr. Cooper Group Inc. CIK#: 0000933136
SIC: 6199 - FINANCE SERVICES
State location: TX | State of Inc.: DE | Fiscal Year End: 1231
formerly: WASHINGTON MUTUAL INC (filings through 2006-10-12)
formerly: WASHINGTON MUTUAL, INC (filings through 2012-03-20)
formerly: WMI HOLDINGS CORP. (filings through 2015-05-08)
formerly: WMIH CORP. (filings through 2018-09-14)
is parent company XXXX (mentioned by AZ) the DTCC or another one?
Im not sure what you mean here, could you please explain?
btw, there is also a https://opengovwa.com/corporation/604202653 Thackeray Three LLC (vs Thackeray Three L.L.C.)
Thanks Ron, you are way better informed than I am, again, I haven't closely followed this for a long time, thanks again..
https://opengovwa.com/corporation/601566389 Mr Smith is also here, ok (after merger non survivor)?, does it make sense to contact him THERE (or similar actions... where employee of company X answers about company X only ...) and ask him some basic info about that company, because as an employee of this company about this company he has to answer at least basic questions??
But maybe if you ask him THE SAME QUESTION but contacting him in COOP, he does not answer....
Ok, I know what you mean, thanks for sharing
Do you belive Coop is the sub of WMIH who is the sub of a parent company?
Ron, I believe we have to ask simple questions to the right employees at the right company, probably Edgar or a former WMI Trust employee does not fit into that description (but Mr Smith is more than that, ok...), Edgar did not help me at all when I contacted him back in 2012 ... he copied me... and that was it, never seen or heard anymore
The WMI LT was/is NOT the tell IMO
But whoever is the top parent company, is still there and must have some employees with some duties which may include answering some very simple questions ... , just my opinion
I do NOT see here CWG asks Doreen who is the parent company of the parent company of COOP. I do NOT see it because it is NOT there. And that is what I would like to know (buy U already know dat ....)
Sounds very reasonable, Thanks Ron
I believe some longs here deserve (if they want to of course) the privilegue (if they feel it like that, of course) of finding out and sharing, but Im not trying to escape from what I said: I would gladly write to her and simply, directly and clearly ask her about the whole corporate structure from bottom to top parent. Is my english good enough for phone conversations at that level?, probably not
Does she have an email where to write her? preferible if the email belongs to the corporation that includes as her job answering to that question ...
I'm just trying, like everybody else (except a few goalies) to contribute with my grain of sand to the discovery & recovery beach
Fingers crossed
Thanks for sharing
as clearly visible in the link below:
https://www.lawinsider.com/company/933136/wmih-corp?cursor=CjEKEAoKZ3JvdXBfc2l6ZRICCAgKGQoIZ3JvdXBfaWQSDRoLMXhoWnB0YXBGcmkYACAB
The Company , her Juriscition and Industry changes thru time (as being dicussed)
Knowing as Doreen does know who the top parent is, would help in understanding the whole thing? Yes, IMO
WMIH Corp. (WMIH) is a corporation duly organized and existing under the laws of the State of Delaware. On May 11, 2015, WMIH merged with its parent corporation, WMI Holdings Corp., a Washington corporation (“WMIHC”), with WMIH as the surviving corporation in the merger (the “Merger”). The Merger occurred as part of the reincorporation of WMIHC from the State of Washington to the State of Delaware effective May 11, 2015 (the “Reincorporation Date”).
WMIH, formerly known as WMIHC and Washington Mutual, Inc. (“WMI”), is the direct parent of WM Mortgage Reinsurance Company, Inc. (“WMMRC”) and WMI Investment Corp. (“WMIIC”) which has no assets or liabilities. Since emergence from bankruptcy on March 19, 2012 (the “Effective Date”), The company had limited operations other than WMMRC’s legacy reinsurance business, which is being operated in runoff mode. The company continue to operate WMMRC’s business in runoff mode and its primary strategic objective is to consummate one or more acquisitions of an operating business, either through a merger, purchase, business combination or other form of acquisition, and grow its business.1
The company continue to seek, identify and evaluate acquisition opportunities of varying sizes across an array of industries for the purpose of facilitating an acquisition by WMIH of one or more operating businesses. Its management team meets regularly with the Corporate Strategy and Development Committee (the “CS&D Committee”) of its Board of Directors (the “Board or “Board of Directors”) to discuss and evaluate potential acquisition targets. During the six months ended June 30, 2017 and the year ended December 31, 2016, the CS&D Committee met formally and informally numerous times to assess various opportunities. The company has focused primarily on acquisition targets in the financial services industry, including targets with consumer finance, commercial finance, specialty finance, leasing and insurance operations. The company also may review potential targets in other industries, such as information technology, industrials, business services, healthcare and other sectors.
On January 5, 2015, The company announced that WMIH had completed an offering (the “Series B Preferred Stock Financing”) of 600,000 shares of its 3% Series B Convertible Preferred Stock, par value $0.00001, liquidation preference $1,000 per share (the “Series B Preferred Stock”) in the amount of aggregate gross proceeds equal to $600 million. Net proceeds of $598.5 million were deposited into an escrow account and have been, and will be, released from escrow to it from time to time in amounts needed to finance its efforts to explore and fund, in whole or in part, certain acquisitions, whether completed or not, including reasonable attorney fees and expenses, accounting expenses, due diligence and financial advisor fees and expenses. For further information on the Series B Preferred Stock Financing, see Note 9: Capital Stock and Derivative Instruments, to the condensed consolidated financial statements in Item 1 of Part I of this Quarterly Report on Form 10-Q.
WMIH will continue to evaluate acquisition opportunities and work with its strategic partner, an affiliate of KKR & CO. L.P. (together with its affiliates, “KKR”), to identify, consider and evaluate potential mergers, acquisitions, business combinations and other strategic opportunities. As of June 30, 2017, and through the date of the filing of this Form 10-Q, The company had not consummated an acquisition and it can provide no assurances that It will successfully consummate a transaction and, if so, on what terms.
If the company do not consummate a Qualified Acquisition (as defined below), or take other actions to extend the redemption date applicable to, or to refinance or modify the terms of, the Series B Preferred Stock, then the company is obligated to redeem the Series B Preferred Stock on January 5, 2018 (the “Series B Redemption Date”) for cash, utilizing the remaining proceeds from the Series B Preferred Stock. While the company remain focused on identifying and consummating a Qualified Acquisition before the Series B Redemption Date, there can be no assurances that it will be able to do so, on terms favorable to it, or at all. A mandatory redemption of the Series B Preferred Stock would substantially deplete its cash on hand to continue seeking acquisitions and would likely have a material adverse effect on its financial condition and business operations. Relatedly, under those circumstances, The company also may not have access to alternative sources of capital or liquidity. “Qualified Acquisition” means an Acquisition (as defined below) that, taken together, with prior Acquisitions (if any), collectively utilizes aggregate net proceeds of the Series B Preferred Stock Financing of $450 million. “Acquisition” means any acquisition by the Company (or any of its direct or indirect wholly-owned subsidiaries), in a single transaction or a series of transactions, whether by purchase, merger or otherwise, of all or substantially all of the assets of, or equity interests in, or a business line, unit or division of, any person.
In connection with the foregoing, The company have established a Finance Committee of the Board of Directors, comprised of independent directors, that is authorized, among other things, information to review the long-term financial structure, objectives and policies of the Company, and to make recommendations to the Board regarding such structure, objectives and policies, if appropriate, (ii) to evaluate the financing requirements of the Company and management’s proposed financing and refinancing plans and to recommend to the Board those actions, authorizations, filings and applications necessary and appropriate to enable management to execute such plans and (iii) to consider and make recommendations to the Board regarding the terms, timing, amount and other material factors related to the possible restructuring or amendment of the Company’s outstanding equity securities, issuance of new equity securities in one or more private or public transactions, redemption of outstanding securities, or other transactions related to the Company’s outstanding securities, capital structure or fundraising to meet the Company’s future liquidity and capital resources needs (any such transaction, a “Financing”), in each case as the Finance Committee deems appropriate. There can be no assurance that any financing or refinancing plans will be pursued or consummated, or if so, on what terms.
In connection with its evaluation of potential Financing alternatives, the Finance Committee expects to consider various factors, including but not limited to, financial terms and costs, potential dilution of existing shareholders, impact on the Company’s liquidity and capital position, the term of any Financing, the cash proceeds available to the Company to fund potential acquisitions, the impact of any Financing (including any redemption of the Series B Preferred Stock) on the Company’s tax attributes under Section 382 of the Code, and the timing and certainty of closing of any Financing.
With respect to its current operations, the Company currently operates a single business through its subsidiary, WMMRC, whose sole activity is the reinsurance of mortgage insurance policies. WMMRC has been operated in runoff mode since September 26, 2008. Since that date, WMMRC has not underwritten any new policies (and by extension any new risk). WMMRC, through predecessor companies, began reinsuring risks in 1997 and continued reinsuring risks through September 25, 2008.
All of WMMRC’s reinsurance agreements are on an excess of loss basis, except for a reinsurance treaty with Genworth Mortgage Insurance Corporation during 2008, which is reinsured on a 50% quota share basis. Pursuant to the excess of loss reinsurance treaties, WMMRC reinsures a second loss layer which ranges from 5% to 10% of the risk in force in excess of the primary mortgage insurer’s first loss percentages which range from 4% to 5%. Each calendar year, or book year, is treated separately from other years when calculating losses. In return for accepting a portion of the risk, WMMRC receives, net of ceding commission, a percentage of the premium that ranges from 25% to 40%.
WMMRC commuted three reinsurance agreements, one each, in 2009, 2012 and 2014, respectively, and the related trust assets were distributed in accordance with the commutation agreements. The company also may seek opportunities to extract excess capital through commutation of one or more of WMMRC’s remaining reinsurance agreements or otherwise, with a view toward accelerating the distribution of trust assets in excess of the amounts needed to pay claims.
Beginning in 2006, the U.S. housing market and related credit markets experienced a multi-year downturn. During that period, housing prices declined materially, credit guidelines tightened, delays in mortgage servicing and foreclosure activities occurred, and deterioration in the credit performance of mortgage loans occurred. In addition, the macro-economic environment during that period demonstrated limited economic growth, stubbornly high unemployment, and limited median wage gains. Beginning in 2012, home prices began to rise again. The current outlook for the housing market is optimistic with low interest rates, steady employment growth, increased household formation rates and less restrictive credit conditions. Nevertheless, WMMRC’s operating environment remains somewhat uncertain as much of its results over the next two years will be directly affected by the inventory of pending defaulted mortgages at its ceding companies arising primarily from mortgages originated in calendar years 2007 and 2008. However, its financial exposure to that environment has been steadily reduced as the remaining net aggregate risk exposure has decreased due to the runoff nature of its operations.
References
^ https://fintel.io/doc/sec-wmih-wmih-10q-2018-july-27-17948
[ https://finpedia.co/bin/WMIH%20Corporation/ ]
Good points Ron, thanks for sharing
Thanks for sharing BoardDork :)
I believe that sooner or later the answer to this important question will be found
Fingers crossed
DITTO Sir
My english is NOT so good when speaking, I will email her myself and will the share the answer here, Which is her email??
TIA
Thank You very much, AZ :)
Doreen Logan is connected to both :
Thackeray Holdings Corp.
https://opengovwa.com/corporation/600250290#dataset-information
and
Wmi Holdings Corp.
https://opengovwa.com/corporation/601566389
does she know who the secret parent company is??, probably IMO
accordingly for pages 2 and one would be:
page 2:
9 Jul 1997
AMENDMENT
30 Jun 1997
AMENDMENT
24 Jun 1997
MERGER
20 Dec 1996
MERGER
18 Dec 1996
AMENDMENT
28 Apr 1995
MERGER
28 Nov 1994
AMENDMENT
28 Nov 1994
AMENDMENT
31 Oct 1994
AMENDMENT
17 Aug 1994
ARTICLES OF INCORPORATION
page one:
Filings for WMI HOLDINGS CORP. (Washington (US))
28 Jan 2020
COMMERCIAL STATEMENT OF CHANGE
19 Mar 2019
OFFICE CORRECTION
18 Jul 2018
COMMERCIAL STATEMENT OF CHANGE
4 May 2018
COMMERCIAL STATEMENT OF CHANGE
30 Mar 2018
COMMERCIAL STATEMENT OF CHANGE
28 Mar 2018
COMMERCIAL STATEMENT OF CHANGE
9 Mar 2018
COMMERCIAL STATEMENT OF CHANGE
8 Mar 2018
COMMERCIAL STATEMENT OF CHANGE
16 May 2016
STATEMENT OF CHANGE
3 Jun 2015
CORRESPONDENCE WITHOUT FEE
11 May 2015
MERGER NON-SURVIVOR
7 May 2015
CORRESPONDENCE WITH FEE
5 Jan 2015
AMENDMENT
5 Aug 2014
ANNUAL REPORT
30 Jan 2014
AMENDMENT
23 Jan 2014
CORRESPONDENCE WITH FEE
31 Jul 2013
ANNUAL REPORT
13 Aug 2012
ANNUAL REPORT
19 Mar 2012
AMENDMENT
5 Mar 2012
CORRESPONDENCE WITH FEE
8 Aug 2011
ANNUAL REPORT
17 Jun 2011
AMENDMENT
19 Aug 2010
ANNUAL REPORT
12 Aug 2009
ANNUAL REPORT
15 Dec 2008
STATEMENT OF CHANGE
26 Aug 2008
ANNUAL REPORT
27 Jun 2008
AMENDMENT
10 Apr 2008
AMENDMENT
10 Apr 2008
AMENDMENT
17 Dec 2007
AMENDMENT
https://opencorporates.com --------- direct link to the company does not work
Thanks so much BoardDork, it very well could be as you say
I have been trying to find the original 1994 articles of incorporation (maybe the "--secret parent company but not registrant--" was already there form the begining) for WMI parent company but I cant access SEC filings before 1997 (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000933136&type=&dateb=&owner=include&start=2000&count=40)
https://opengovwa.com/corporation/601566389 here is the Corporation Documents History, including the 1994 document: I believe it must be in one of those (which I can't access either...)
https://opencorporates.com/companies/us_wa/601566389/filings
one of those filings (in the link above, I can't access ...) may explain who is the top parent company, mayhaps I dunnno
https://www.sec.gov/Archives/edgar/data/933136/000119312515186101/d924385dex31.htm
https://finpedia.co/bin/WMIH%20Corporation/
[ https://fintel.io/doc/sec-wmih-wmih-10q-2018-july-27-17948 " ... As used in this Quarterly Report on Form 10-Q, unless the context requires otherwise, (i) the terms “Company,” “we,” “us,” or “our” refer to WMIH Corp. (formerly WMI Holdings Corp. and Washington Mutual, Inc.) and its subsidiaries on a consolidated basis; (ii) “WMIH” refers only to WMIH Corp., without regard to its subsidiaries; (iii) “WMIHC” refers only to WMI Holdings Corp., without regard to its subsidiaries; (iv) “WMMRC” means WM Mortgage Reinsurance Company, Inc. (a wholly-owned subsidiary of WMIH); (v) “WMIIC” means WMI Investment Corp. (formerly a wholly-owned subsidiary of WMIH); and (vi) “Merger Sub” means Wand Merger Corporation (a wholly-owned subsidiary of WMIH). ..."]
Thanks to all da good boyzzz in this MB
thanks for sharing
just in case:
918353 THACKERAY CORPORATION
5950633 THACKERAY DEVELOPMENT, LP
2187974 THACKERAY ESTATES ASSOCIATES L.P.
4260553 THACKERAY FUNDING CORP.
4317657 THACKERAY FUNDING PARTNERS
4296295 THACKERAY HOLDINGS CORP.
5067220 THACKERAY III BRIDGE, LLC
5721961 THACKERAY LANE, LLC
927154 THACKERAY MANAGEMENT, INC.
3986608 THACKERAY PARTNERS FUND I ACQUISITION, LLC
4440546 THACKERAY PARTNERS FUND II ACQUISITION, LLC
3880232 THACKERAY PARTNERS GP, LLC
3881642 THACKERAY PARTNERS, LP
4980437 THACKERAY PARTNERS REALTY FUND III, L.P.
4979438 THACKERAY PARTNERS REALTY FUND III NON-REIT, LLC
4291976 THACKERAY PARTNERS REALTY FUND II, L.P.
5533929 THACKERAY PARTNERS REALTY FUND IV, L.P.
5616807 THACKERAY PARTNERS REALTY FUND IV NON-REIT, LLC
5616805 THACKERAY PARTNERS REALTY FUND IV REIT, LLC
3968022 THACKERAY PARTNERS REALTY FUND, L.P.
6609375 THACKERAY PARTNERS REALTY FUND V, L.P.
6852937 THACKERAY PARTNERS REALTY FUND V NON-REIT, LLC
6852938 THACKERAY PARTNERS REALTY FUND V REIT, LLC
2125210 THACKERAY PROPERTIES, INC.
4775386 THACKERAY VENTURES, LLC
interesting
https://fintel.io/so/us/93933wab2 [ US93933WAB28 ]
https://www.caalerts.com/credit-corporate-action/ISIN/US93933VAS79 [ US93933VAS79 ]
https://www.caalerts.com/credit-corporate-action/issuer/washington-mutual-bank-code-==gN2cDM ---- some curious dates here btw ---
where to buy these these dayzzzzzz
hopefully a vette or just a tang
who knows if tears in the sand
Eagle who knows just let the farm
only our man
from Scotland
can answer dat
Now seriously Robert,
regarding UWBKQ is IMO really difficult to 'know' or even guess ...
Did holding company assets non seizable apply or not when all happened (very important); even if so, who owns the assets not included in the P&AA?
At what market value/real prices were those (if any) and the rest of assets liquidated ?
Was wrongful seizure unoficially/off the record 'admitted' upon parties?, if so there was some kind of agreement/compensation to put it to rest or not (if so, how much) ?
Has there been any extent of disclosure of the monies of the liquidation proccess, etc in PACER? will there be before this ends?
But besides and on top of all that, I still believe that even if from an accountant or legal stand point we are breaking even+, those in control can do whatever they want, so I have really no idea
Sir,
that is a good question
in uwbkq I wouldnt know
in P's or K's maybe 50% FV, dunno if ALL
despite the wine inside the jug
and all those vaps
filled with grass
sailing so far
a vast realm
made me feel mad
--remember man
this tiny rat
has been sailing with Ahab--
sometimes was fun
frequently nutts
always smart our mariscal
will we be let holding the bag?
--this uwbkq rat
now takes a nap--
" ... This is very interesting article imo ..."
ditto
Generally speaking it would be a way of managing liquidity thru common stock and common stock thru liquidity but when JPM is involved and regarding a potential conection with WMI I wanna know but I dont
Fingers crossed
"... DESCRIPTION OF COMMON STOCK
As of the date of this prospectus, we are authorized to issue up to 9,000,000,000 shares of common stock.
As of December 31, 2021, we had 2,944,149,145 shares of common stock issued and outstanding (which
excludes 1,160,784,750 shares held in treasury). ..."
[ https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/prospectus-july-28-2022.pdf ]
" ... DESCRIPTION OF COMMON STOCK
As of the date of this prospectus, we are authorized to issue up to 9,000,000,000 shares of common stock. As of December 31, 2015, we had 4,104,933,895 shares of common stock issued (excluding 441,459,392 shares held in treasury). ..."
[ https://www.sec.gov/Archives/edgar/data/19617/000119312519012162/d676915d424b2.htm ]
I link those two docs because they mention the number of common stock held in treasury, not because they are connected to JSDG, JSDH, JSDI, JSDJ
If, as some speculate, the number of common stock in treasury is related to WMI, does it make sense that it was
1,160,784,750 @ December 31, 2021
and
441,459,392 @ December 31, 2015
Regarding JSDG, JSDH, JSDI, JSDJ, is there more info about them (I'm still doing some catch up work regarding all this, I was not very connected to the saga for a long time)
TIA
Thanks LG,
and very special thanks Sir for your always +++ energy to this board all these years
Fingers crossed
Common sense + Big BoyZ in our boat + UW (way more recently) also in our boat + R alive + ... + indicate differently :)
PS: I received you PM, I understand
Thanks Ron
BOB Im with you in the this aint over till the R is over boat
no matter what the various goalkeepers say, actually they are a constant motivation (THANK U goalies, I really mean it:: THANK U ¡¡¡¡)
Some of those subs dont exist anymore but some do, keeping an eye on them may be eventually game changing
Fingers crossed
WASHINGTON MUTUAL, INC. DIRECT AND INDIRECT SUBSIDIARIES
https://www.sec.gov/Archives/edgar/data/933136/000104746908002083/a2182890zex-21.htm
thanks BOB, AHAB tricked me