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t1215s, one important point about Options - is Time value and decay.
Theta is part of the Option Greeks alphabet
If you sell to open ether a Call or PUT option, you have Theta or Time decay working on your side. It is why I always Sell first with 45 days to expiration date being the sweet point I normally look 1.5 to 3 months out but the more time to more value you get. I normally wait till close to expiration date to Buy to Close my position back or let it expirer if that works best. I love doing Sell to Open Puts if I feel comfortable that the pps should close above your strike price at expiration date. Why buy a stock when you can get more value Selling to open a PUT. Example today I did this trade an out of the money STO PUT.
Update: The only negative with Selling to open is you must have cash or margin value in your account to cover buying it back if exercised against you.
Security: COOP Sep 16 '22 $50 Put
Term: Day
Price type: Limit at $6.8
Execution price: $6.8
Quantity: 50 note: This controls 5000 shares and I collected $34,000 today!
If you Buy to open, you have Theta or Time Decay working against you.
Theta gauges the time value of an option. Theta defines the loss in value an option will experience as time passes, and it's usually expressed on a per-day basis. Buying premium will result in a negative theta, because time is working against you, while selling premium involves a positive theta, since the passage of time works in your favor.
So, a long option with a theta of -0.10 will lose about 10 cents per day in value, assuming the stock price and volatility are constant. Theta is non-linear, because it accelerates as the option gets closer to expiration. This rate of decay is proportional to the square root of the time remaining before expiration.
When one sells to open PUT option it is an optimistic play that you feel the current COOP pps is oversold and will go up above your strike price on option expiration date.
COOP = fundamentals & technical = https://finviz.com/quote.ashx?t=COOP
IMO, COOP is oversold, or insiders have sold knowing a dividend will adjust the pps down after dividend.
P/E = 2.76
EPS = $16.46
EPS next year = +418%
Target Price 59.14
I have had a great day and making $$$$$$$$$$$
Security: COOP Sep 16 '22 $50 Put
Term: Day
Price type: Limit at $6.8
Execution price: $6.8
Quantity: 50
Net amount cash today = $34,000
Also today
Security: COOP Jul 15 '22 $40 Put
Term: Day
Price type: Limit at $1.5
Execution price: $1.5
Quantity: 100
Net amount cash today = $15,000
I always sell first and use time decay to buy to close. I like working within 60-90 day as I feel going over a year out may not give best bank for your buck. I preferer to sell PUT options but you must have reserves needed to write those, but if you feel COOP is undervalued then to me it's like free money.
Lodas, RE: OPTIONS yes, I have done many STO PUT options which I love these two just today put $45,500 cash in my account today.
Security: COOP Jul 15 '22 $50 Put
Term: GTC
Price type: Limit at $6
Execution price: $6
Quantity: 50
Security: COOP Jul 15 '22 $45 Put
Term: GTC
Price type: Limit at $3.1
Execution price: $3.1
Quantity: 50
Yes, the Escrows that the WMI-LT held are worthless but not the Assets that were put into the DST - those assets were bankrupt remote or in legal isolation. If you would do some of your own DD instead of posting sh?t every day maybe, you would learn something. It is most likely you never held and old WMIH or did not sign the release.
If you look at all the subs I listed many were merged out and into new sub holding such as this one.
https://opencorporates.com/companies/us_de/3210870
all now held at DST in Jurisdiction
Delaware (US)
WASHINGTON MUTUAL FINANCE GROUP, LLC
Company Number
3210870
Incorporation Date
11 April 2000 (almost 22 years ago)
Company Type
Limited Liability Company
Jurisdiction
Delaware (US)
Agent Name
CORPORATION SERVICE COMPANY
Agent Address
251 LITTLE FALLS DRIVE, WILMINGTON, New Castle, DE, 19808
Directors / Officers
CORPORATION SERVICE COMPANY, agent
Registry Page
https://icis.corp.delaware.gov/Ecorp/...
Lodas, there is now why with all the work that Chad and Doreen did to reactivate old WMI subs and creating this PALADIN ACQUISITIONS COMPANY LLC with all their work being paid by the Estate will NOT COME BACK TO BENIFIT ESTATE HOLDERS!
Yes, all their work and these reactivate subs will someday show up as subs connected to WMIH-Corp and ether with new issued shares or some form of payment to old escrow holders will benefit from their work!
lodas - You keep posting about some email supposable from Doreen please answer this question??????
Now that Chad Smith and Doreen have wrapping up their Ministerial details. Why did those two reactivate so many old subs of WMI and created PALADIN ACQUISITIONS COMPANY LLC - who will benefit with these changes?
How all this plays out should be interesting???????????
Why did they form = PALADIN ACQUISITIONS COMPANY LLC
SEC FORM D
2021-04-10 - 2021-04-30 Addition of officer WILLIAM KOSTUROS, chief executive officer
TIMCOR EXCHANGE CORPORATION
https://opencorporates.com/companies/us_ca/C2968762
SUTTER BAY CORPORATION
2021-02-14 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1993263
FLOWER STREET CORPORATION
2021-02-14 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1993262
AHMANSON OBLIGATION COMPANY
https://opencorporates.com/companies/us_ca/C1800910
2021-02-11 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
ACD4
2021-02-12 - 2021-05-20
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1868511
H.S. LOAN CORPORATION
2021-02-13 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1955875
WAMU 1031 EXCHANGE
2020-12-28 - 2021-05-20
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C0855386
AOC LLC
https://opencorporates.com/companies/us_wa/603189419
Inactive Directors / Officers
CHARLES EDWARD SMITH, agent
CHARLES EDWARD SMITH, executor
WAMU 1031 EXCHANGE, governor
HS LOAN LLC
Inactive Directors / Officers
CHARLES EDWARD SMITH, agent
CHARLES EDWARD SMITH, executor
WAMU 1031 EXCHANGE, governor
https://opencorporates.com/companies/us_wa/603189424
WMI RAINIER LLC
Addition of officer JOHN DE LANOY ESQ, executor
2006-04-20 - 2019-01-05
Addition of officer WAMU 1031 EXCHANGE, governor
https://opencorporates.com/companies/us_wa/602606678
WM CITATION HOLDINGS, LLC
https://opencorporates.com/companies/us_de/3414483
Chad Smith is deeply involved in managing other assets most likely for benefit of COOP or the true parent WMIH-Corp – Just a few under management:
Mr. Cooper Group has added a new press release to its website:
Mr. Cooper Completes Agreement with Sagent to Create the Mortgage Industry’s First Cloud-Native Servicing Platform
Click here for a complete listing of Mr. Cooper Group press releases.
https://investors.mrcoopergroup.com/events-and-presentations/press-releases/press-release-details/2022/Mr.-Cooper-Completes-Agreement-with-Sagent-to-Create-the-Mortgage-Industrys-First-Cloud-Native-Servicing-Platform/default.aspx
My bet is the pps of COOP will move back up. I just sold to open May $50 PUT option on 50 contract and collected 25,500 today. I also did the same with $45.00 put and collected $2.10 today per share on 50 contracts.
Today is end of 1st. quarter earnings and end date for Chad Smith and Doreen wrapping up their Ministerial details. We are seeing a very low volume take down, so I am not expecting COOP to go down much further.
I feel an 8K coming after trading that will spell out possible 2.5 forward stock split.
How all this plays out should be interesting???????????
Why did they form = PALADIN ACQUISITIONS COMPANY LLC
SEC FORM D
2021-04-10 - 2021-04-30 Addition of officer WILLIAM KOSTUROS, chief executive officer
TIMCOR EXCHANGE CORPORATION
https://opencorporates.com/companies/us_ca/C2968762
SUTTER BAY CORPORATION
2021-02-14 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1993263
FLOWER STREET CORPORATION
2021-02-14 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1993262
AHMANSON OBLIGATION COMPANY
https://opencorporates.com/companies/us_ca/C1800910
2021-02-11 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
ACD4
2021-02-12 - 2021-05-20
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1868511
H.S. LOAN CORPORATION
2021-02-13 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1955875
WAMU 1031 EXCHANGE
2020-12-28 - 2021-05-20
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C0855386
AOC LLC
https://opencorporates.com/companies/us_wa/603189419
Inactive Directors / Officers
CHARLES EDWARD SMITH, agent
CHARLES EDWARD SMITH, executor
WAMU 1031 EXCHANGE, governor
HS LOAN LLC
Inactive Directors / Officers
CHARLES EDWARD SMITH, agent
CHARLES EDWARD SMITH, executor
WAMU 1031 EXCHANGE, governor
https://opencorporates.com/companies/us_wa/603189424
WMI RAINIER LLC
Addition of officer JOHN DE LANOY ESQ, executor
2006-04-20 - 2019-01-05
Addition of officer WAMU 1031 EXCHANGE, governor
https://opencorporates.com/companies/us_wa/602606678
WM CITATION HOLDINGS, LLC
https://opencorporates.com/companies/us_de/3414483
Chad Smith is deeply involved in managing other assets most likely for benefit of COOP or the true parent WMIH-Corp – Just a few under management:
AS PER GSA “WMI Entities” shall mean WMI, WMIIC, Ahmanson Obligation
Company, H.S. Loan Corporation, Marion Insurance Company, WAMU 1031 Exchange, WM Mortgage Reinsurance Company, Inc., WM Citation Holdings, LLC, Washington Mutual Finance Group, LLC, Soundbay Leasing LLC, WMGW Delaware Holdings LLC, WMI Rainier LLC and Washington Mutual Capital Trust.
WMIIC and WM Mortgage Reinsurance Company, Inc. where to go to reorganized WMI.
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf
WASHINGTON MUTUAL FINANCE GROUP, LLC
https://opencorporates.com/companies/us_de/3210870
Soundbay Leasing LLC
https://opencorporates.com/companies/us_de/3310143
WMGW DELAWARE HOLDINGS LLC
https://opencorporates.com/companies/us_de/3048665
WAMU 1031 EXCHANGE
https://opencorporates.com/companies/us_ca/C0855386
Addition of Bill Kosturos in 2021
WMI Rainier LLC
https://opencorporates.com/companies/us_wa/602606678
Governor is WAMU 1031 EXCHANGE
Washington Mutual Capital Trust
https://opencorporates.com/companies/us_de/3383458
Petewamu, thanks for all your DD info RE: A01 when COOP had last investor relations manager, he helped me log into investor sight as I stated I was a large investor and wanted to look at the servicing of these loans I invested into.
I found many pages of these A01 coded loans that Mr. Cooper was servicing. When I asked him who was the owner of all these A01 coded loans he did not know. So I asked him if he could get that info from J Bray or CFO.
The next week I found out he was let go and they closed my access to that investor log in. So at one time Mr. Cooper was servicing many of these A01 coded loans - I feel they still are. I also found A02 coded servicing loans.
IMO
I wrote or Sold to open $35 PUT 50 Jan 22 contracts collected $1.90
I also Sold to open $40 July 50 contracts and collected $1.45
I feel both of these will leave me in the money as COOP should be trading above those two Strike prices on expiration date. It is easy cash flow money today!
When you sell a PUT contract you believe COOP will trade above those prices you also must have reserve cash in your account if it is exercised below those strike prices. I also have time decay working on my side and will most likely buy to close both at Hugh profit.
JWW - Also WMIH-Corp is still operating and true parent
Also why all these reactivated subs of WMI?????
2021-04-10 - 2021-04-30 Addition of officer WILLIAM KOSTUROS, chief executive officer
TIMCOR EXCHANGE CORPORATION
https://opencorporates.com/companies/us_ca/C2968762
SUTTER BAY CORPORATION
2021-02-14 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1993263
FLOWER STREET CORPORATION
2021-02-14 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1993262
AHMANSON OBLIGATION COMPANY
https://opencorporates.com/companies/us_ca/C1800910
2021-02-11 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
ACD4
2021-02-12 - 2021-05-20
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1868511
H.S. LOAN CORPORATION
2021-02-13 - 2021-04-30
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C1955875
WAMU 1031 EXCHANGE
2020-12-28 - 2021-05-20
Addition of officer WILLIAM KOSTUROS, chief executive officer
https://opencorporates.com/companies/us_ca/C0855386
AOC LLC
https://opencorporates.com/companies/us_wa/603189419
Inactive Directors / Officers
CHARLES EDWARD SMITH, agent
CHARLES EDWARD SMITH, executor
WAMU 1031 EXCHANGE, governor
HS LOAN LLC
Inactive Directors / Officers
CHARLES EDWARD SMITH, agent
CHARLES EDWARD SMITH, executor
WAMU 1031 EXCHANGE, governor
https://opencorporates.com/companies/us_wa/603189424
WMI RAINIER LLC
Addition of officer JOHN DE LANOY ESQ, executor
2006-04-20 - 2019-01-05
Addition of officer WAMU 1031 EXCHANGE, governor
https://opencorporates.com/companies/us_wa/602606678
WM CITATION HOLDINGS, LLC
https://opencorporates.com/companies/us_de/3414483
Chad Smith is deeply involved in managing other assets most likely for benefit of COOP or the true parent WMIH-Corp – Just a few under management:
AS PER GSA “WMI Entities” shall mean WMI, WMIIC, Ahmanson Obligation
Company, H.S. Loan Corporation, Marion Insurance Company, WAMU 1031 Exchange, WM Mortgage Reinsurance Company, Inc., WM Citation Holdings, LLC, Washington Mutual Finance Group, LLC, Soundbay Leasing LLC, WMGW Delaware Holdings LLC, WMI Rainier LLC and Washington Mutual Capital Trust.
WMIIC and WM Mortgage Reinsurance Company, Inc. where to go to reorganized WMI.
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-global-settlement-agreement.pdf
WASHINGTON MUTUAL FINANCE GROUP, LLC
https://opencorporates.com/companies/us_de/3210870
Soundbay Leasing LLC
https://opencorporates.com/companies/us_de/3310143
WMGW DELAWARE HOLDINGS LLC
https://opencorporates.com/companies/us_de/3048665
WAMU 1031 EXCHANGE
https://opencorporates.com/companies/us_ca/C0855386
Addition of Bill Kosturos in 2021
WMI Rainier LLC
https://opencorporates.com/companies/us_wa/602606678
Governor is WAMU 1031 EXCHANGE
Washington Mutual Capital Trust
https://opencorporates.com/companies/us_de/3383458
AZCowboy, This Paladin Acquisitions Corporation
Paladin Acquisitions Corporation :: Texas (US) :: OpenCorporates
Seems to be a possible sub of WMIH-Corp or tied into a new company being formed for benefit of the Estate holders. To me it is clear with all the names connected such as Charles Smith that this could be a new company set up to have other Old subs of WMI that have been reactivated – all with Charels Smith as acting director.
I notied they had a small fund raising of 2.4 million which is small and it show 18 investor. https://www.sec.gov/Archives/edgar/data/1876566/000187656621000001/xslFormDX01/primary_doc.xml
Do you also see this company was formed for the benefit of Estate holders?
IMO
mordicai, do you have a link of that 10-K report? Is it the one for For the fiscal year ended December 31, 2013? I would like to find what page that info is on as I am writing a letter to COOP management along with cc to SEC about what I feel is misinformation in that report.
Split T I sold both the Feb. 50 & 55 Covered calls collecting nice premium. It looks to me there is too much buying pressure and tomorrow at option expiration they will keep the pps above 50 to force all that had a STO order to sell at $50.
Now I do have a low order to BTC - buy to close but do not feel it will come down to it. I will have 30 contracts or 3000 shares Call end of day tomorrow. My game plan will then be on Monday I will Sell to Open the March 18th $50. PUT option and should collect about $1.50 premium.
I have lots of COOP, so I am using options to collect a monthly dividend.
The way to play is always Sell first collect your premium then let time decay work on your side and then on expiration date BTC- buy to close at good profit if it does not work and it is called, I work the PUT side to play it back.
Yes, I was also hoping for more meat in 10-K but appears to be no ties to WMIH Estate assets being owned by COOP.
I DO FEEL THE ASSETS ARE STILL UNDER MANEGMENT BY CHARLES SMITH AND DOREEN LOGAN DOING their final MINISTERIAL DETAILS through and including 3/31/2022 but could end before 3/31/2022 WHICH ARE ALSO UNDER CONTROL IN A Delaware Statutory Trust HELD FOR THE BENIFICIAL HOLDERS OF WMIH ESTATE HOLDER.
I FEEL MOST OF OUR ASSETS MAY END UP UNDER = "PALADIN ACQUISITIONS CORPORATION" WE HAVE WITNEST MANY OLD SUBS THAT HAVE BEEN MOVED TO ACTIVE STATUS AND ALL LIST CHARELES SMITH AS ACTING CEO – IMO those will all get incorporated within "PALADIN ACQUISITIONS CORPORATION" and we will get new shares as owners of the estate. Also feel WMIH- Corp will reemerge as parent over "PALADIN ACQUISITIONS CORPORATION"
Still confused about the retained earnings that was reported and how and who has control but most likely under the control of are two remaining administer.
NOTES FROM 10-K Mr. Cooper Group Inc. - 2021 Annual Report on Form 10-K
Mr. Cooper Group Inc. (Exact name of registrant as specified in its charter)
So far I see no reference to WMIH-Corp as the holding company - Prior to October 10, 2018, Company’s common stock traded under the ticker symbol “WMIH”. I also see no reference that COOP is holding any WMIH Estate assets, or any other assets within the consolidated balance sheets.
- Number of shares of common stock, $0.01 par value, outstanding as of February 10, 2022 was 73,776,900.
- As of December 31, 2021, the aggregate principal amount of our unsecured senior notes was $2,700 million.
- We may not be able to fully utilize our net operating loss (“NOL”) and other tax carry forwards
- As of December 31, 2021, we had U.S. federal NOLs of approximately $609million, of which $460 million were not subject to limitation under Section 382 of the United States Internal Revenue Code of 1986, as amended (the “Code”). Our ability to utilize NOLs and other tax carry forwards to reduce taxable income in future years could be limited for various reasons, including if projected future taxable income is insufficient to recognize the full benefit of such NOL carry forwards
- Dividends We have not declared or paid cash dividends on our common stock, and we currently do not expect to declare or pay any cash dividends in the foreseeable future
- In July 2021, our Board of Directors authorized the repurchase of up to $500 million of our outstanding common stock. In December 2021, our Board of Directors authorized the repurchase of up to $200 million of its outstanding common stock.
- Our authorized capital stock consists of 300,000,000 shares of Common Stock, par value $0.01 per share, and 10,000,000shares of preferred stock, par value $0.01 per share. Our Board of Directors may establish the rights and preferences of the preferred stock from time to time. As of February 10, 2022, 73,776,900 shares of our Common Stock were issued and outstanding and no shares of our Preferred Stock were issued or outstanding.
- Subsidiaries of Registrant Subsidiaries Jurisdiction of Organization Nationstar Mortgage Holdings Inc. Delaware Nationstar Sub1 LLC Delaware Nationstar Mortgage LLC Delaware
My take on this 10-K is there appears to be no ties to WMIH Estate assets being owned by COOP.
I DO FEEL THE ASSETS ARE STILL UNDER MANEGMENT BY CHARLES SMITH AND DOREEN LOGAN DOING AND are administering final MINISTERIAL DETAILS through and including 3/31/2022 but could end before 3/31/2022 WHICH ARE ALSO UNDER CONTROL IN A Delaware Statutory Trust HELD FOR THE BENIFICIAL HOLDERS OF wmih ESTATE HOLDER.
I FEEL MOST OF OUR ASSETS MAY END UP UNDER = "PALADIN ACQUISITIONS CORPORATION" WE HAVE WITNEST MANY OLD SUBS THAT HAVE BEEN MOVED TO ACTIVE STATUS AND ALL LIST CHARELES SMITH AS ACTING CEO – IMO those will all get incorporated within "PALADIN ACQUISITIONS CORPORATION" and we will get new shares as owners of the estate.
Just my opinion!
10-K annual report out
02/17/2022
Mr. Cooper Group has added a new SEC filing to its website:
10-K (Annual Report)
https://d18rn0p25nwr6d.cloudfront.net/CIK-0000933136/a4ce90e5-58a1-445d-9ba6-b6b0598e8213.pdf
Click here for a complete listing of Mr. Cooper Group SEC filings.
To unsubscribe from this list, please visit the email alert section of the Mr. Cooper Group site.
Hi AZC, I am also waiting for that 10-K and based on last few years getting filed last week in Feb. I am expecting it Feb. 25th on Friday.
Thanks for all the DD you have provided over the years - our time has come!
Conference Call Webcast and Investor Presentation
The Company will host a conference call on February 11, 2022 at 10:00 A.M. Eastern Time. Preregistration for the call is now
available in the Investor section of www.mrcoopergroup.com. Participants will receive a toll-free dial-in number and a unique
registrant ID to be used for immediate call access. A simultaneous audio webcast of the conference call will be available under
the investors section on www.mrcoopergroup.com. A telephonic replay will also be available approximately two hours after the
conclusion of the conference call by dialing 855-859-2056 (toll-free), or 404-537-3406 (international). Please use the passcode
7271516 to access the replay.
navycmdr, Thanks for posting the below info: As they are looking for Public input on FHFA it would be great if many write letters and complain about how FHFA has hijacked the GSE's. We should all try to send letter.
BigBang, the 1099's from E*TRADE are not available till Feb. 15, I usually just download them into Turbo Tax. I used to keep records of every buy and sell now I just let the Brokerage firms do it and I review if I see anything unusual.
WAMUSHAMU - yes I understand a forward split does not change the value of the stock but the pps may be getting adjusted to where they want it to be to realign the outstanding share count.
AZ may have a better read on where the stock count needs to get realigned to. We had about 79 million outstanding, but I think we may be closer to 75 million. This most likely will get realigned for use of NOL, so it could take about 3:1 forward split - is that close AZ?
Note: Some investors will look at any F/S as dilution - especially those Option plays that don't own the stock, and if they feel / know of possible F/S they will need to adjust their play book.
That may have been for the Jan PUT options as I did see a increase in $40
PUT Strick price,
BUT PUT option could be an optimistic play where one is Selling PUTS for the high premium they pay and use them to buy to cover short position collecting the high premium - the system is rigged in their favor.
Any thoughts on this drop in pps last few days? Is pps getting adjusted to a planned level for Forward split - any thoughts on this?
We still have about 9 days till end of 2021 earnings which should be positive and also waiting for annual 10-K which could be very reviling on structure and subs of company. Looking at the top managers most have had recent sales - do they know something? - yes! but What?
It could be just more MM manipulation taking the pps down to cover their short position.
Greedy, I have played options for many years and used to do what you just did buy OTM Call options and loss it almost every time.
I feel a better gamble would be sell the March 18th PUT today you would collect .51 per share now into your account. The gamble is if it is going above $1.50 by March which you believe you would keep that .51 per share you collected, and it would expire.
Now the downside is you need to have the money in your account to buy that $1.50 PUT option but if you are optimistic in IDEX moving up - if on expiration date the pps is below $1.50 you are assigned IDEX or forced to buy it at $1.50 but you already collected .51 so your cost is .99 per share.
I mostly Sell option to collect $$ now and play with ITM or OTM Strick prices.
This is court link, and it should work for playback.
https://5thcircuit.streamguys1.com/enbanc
AZCowboy, yes, COOP 2021 10K report should be interesting. Last few years it has been released around Feb. 23 so I also expect it sometime in 3rd week of Feb. 2022.
This lines up to have the game plan spelled out and distribution IMO early March 2022 and Charles Edward Smith and Doreen Logan served as the Trust’s administrators have managed the winding-down the Trust’s operations and its dissolution AND the administrators expect to complete a full-winding down of the entity on or prior to March 31, 2022.
AZ, do you feel the administrators could be using this 65 day ruling and we could still get distribution that will be a 2021 Tax event?
IMO the first couple weeks of March will be a life changing event for many that held their Escrow shares all these years.
JB3136, I feel the assets that we are waiting for is not under any control of FDIC and will have no effect if the FDIC does not close before end of March. It is still possible we may get some distribution from LIBOR claims from FDIC
http://www.wmitrust.com/WMITrust
Charles Edward Smith and Doreen Logan served as the Trust’s administrators and have managed the winding-down the Trust’s operations and its dissolution. In December 2021, the administrators filed a Certificate of Cancellation with the Delaware Secretary of State’s Office pursuant to which the Trust was canceled effective as at December 31, 2021. After giving effect to the foregoing, the Trust no longer has any active operations and the administrators expect to complete a full-winding down of the entity on or prior to March 31, 2022.[/
Their update was Carefully word: BUT IMO THE TRUST NEVER HAD OR MANAGED ANY OF THE ASSETS THAT US ESTATE ESCROW HOLDERS HAVE BEEN WAITING FOR. WE KNOW THAT THE RETIANED EARNERS WHERE NEVER MANAGED BY THE TRUST AND I STILL EXPECT A DISTRIBUTION BEFORE END OF MARCH AND ONE THAT WAS UNDER THE 65 DAY RULE AND WILL BE CONSIDERED A 2021 TAX EVENT. JUST MY OPIONION
The Trust has not at any time engaged in, and will not at any time engage in, the conduct of any trade or business other than the liquidation and distribution of the Liquidating Trust Assets.
Nightdaytrader / Royal Dude,
My take on this Paladin Acquisitions Company LLC it is a Corporation that now only needs an office to operate out of so current Principal Place of Business is not important. What is important is the names associated like Charles Smith, that it is designed as an Acquisition Company and it is an offering open to large money Hedge funds and most likely a Sub of WMIH-C
I also like it is designed as = Pooled Investment Fund & Other Investment Fund. IMO it will operate similar to WMII and will hold assets of WMI Estate for benefit of Escrow holders. I also like how they declined to disclose the Aggregate Net Asset Value Range.
JMHO
Itsmyoption
RE: Tax Tip: Fiduciaries Have an Extra 65 Days for Discretionary Distributions
my read on this link below is we still may get a W2 income form that shows income for 2021 but they have extra 65 days to distribute this income distribution. Is this what others believe?
https://news.bloombergtax.com/tax-insights-and-commentary/tax-tip-fiduciaries-have-an-extra-65-days-for-discretionary-distributions
Interesting find Newflow: Looks to me as a remerge of a direct subsidiary Of WMI – look at the link below for list of subs.
ACD4 - Interesting Address ATTN:
https://opencorporates.com/companies/us_ca/C1868511
Company Addresses
MAILING ADDRESS
1301 2ND AVE, WMC 1410, ATTN: DOREEN LOGAN, SEATTLE, WA, 98101
2021-02-12 - 2021-05-20
Addition of officer WILLIAM KOSTUROS, chief executive officer
VICTORY OVER CHASE: Washington Mutual, Inc. Direct and Indirect Subsidiaries Prior to Sept. 25, 2009
List of the subs Prior to Sept. 25, 2009
Washington Mutual, Inc. Direct and Indirect Subsidiaries Prior to Sept. 25, 2009
WASHINGTON MUTUAL, INC. DIRECT AND INDIRECT SUBSIDIARIES
Prior to Seizure of Sept. 25, 2009
110 East 42nd Operating Company, Inc.
620-622 Pellhamdale Avenue Owners Corporation
Accord Realty Management Corporation
ACD2
ACD3
ACD4
Ahmanson Developments, Inc.
Ahmanson GGC LLC
Ahmanson Insurance, Inc.
Ahmanson Land Company
Ahmanson Marketing, Inc.
Ahmanson Obligation Company
Ahmanson Residential 2
Ahmanson Residential Development
Bryant Financial Corporation
California Reconveyance Company
CCB Capital Trust IV
CCB Capital Trust IX
CCB Capital Trust V
CCB Capital Trust VI
CCB Capital Trust VII
CCB Capital Trust VIII
Clayton Blackbear, Inc.
Commercial Loan Partners L.P.
CRP Properties, Inc.
Dime Capital Partners, Inc.
Dime Commercial Corp.
Dime CRE, Inc.
Dime Mortgage of New Jersey, Inc.
ECP Properties, Inc.
The E-F Battery Accord Corporation
F.C. LTD.
FA California Aircraft Holding Corporation
FA Out-of-State Holdings, Inc.
Flower Street Corporation
Great Western FS Corporation
Great Western Service Corporation Two
H.F. Ahmanson & Company
H.S. Loan Corporation
Harmony Agency, Inc.
HCP Properties Holdings, Inc.
HCP Properties, Inc.
HFC Capital Trust I
HHP Investment, LLC
HMP Properties, Inc.
Home Crest Insurance Services, Inc.
HS Loan Partners LLC
Irvine Corporate Center, Inc.
Ladue Service Corporation
Long Beach Securities Corp.
Marion Insurance Company, Inc.
Marion Street, Inc.
Mid Country Inc.
Murphy Favre Housing Managers, Inc.
Murphy Favre Properties, Inc.
NAMCO Securities Corp.
Nickel Purchasing Company, Inc.
Norstar Mortgage Corp.
North Properties, Inc.
Pacific Centre Associates LLC
Pacoima Investment Fund LLC
PCA Asset Holdings LLC
Pike Street Holdings, Inc.
Plainview Inn, Inc.
Providian Bancorp Services
Providian Leasing Corporation
Providian Mauritius Investments LTD
Providian Services Corporation
Providian Services LLC
Providian Technology Services Private Limited
Reverse Exchange Corporation
Rivergrade Investment Corp.
Riverpoint Associates
Robena Feedstock LLC
Robena LLC
Savings of America, Inc.
Seafair Securities Holdings Corp.
Second and Union LLC
Seneca Funding (UK) Limited
Seneca Funding LLC
Seneca Funding Management LLC
Seneca Funding Trust
Seneca Holdings, Inc.
Seneca Newco LLC
Seneca Street, Inc.
Sivage Financial Services LLC
Snohomish Asset Holdings LLC
SoundBay Leasing LLC
Stockton Plaza, Incorporated
Strand Capital LLC
Sutter Bay Associates LLC
Sutter Bay Corporation
Thackeray Funding Corp.
Thackeray Funding Partners
Thackeray Holdings Corp.
University Street, Inc.
WaMu 1031 Exchange
WaMu Asset Acceptance Corp.
WaMu Capital Corp.
WaMu Insurance Services, Inc.
WaMu Investments, Inc.
Washington Mutual Asset Securities Corp.
Washington Mutual Bank
Washington Mutual Bank fsb
Washington Mutual Brokerage Holdings, Inc.
Washington Mutual Capital Trust 2001
Washington Mutual Community Development, Inc.
Washington Mutual Finance Group LLC
Washington Mutual Life Insurance Company of California, a Stock
Insurer
Washington Mutual Mortgage Securities Corp.
Washington Mutual Preferred Funding LLC
Washington Mutual Trade Service Limited
Washington Mutual-Seattle Art Museum Project Owners Association
Western Service Co.
WM Aircraft Holdings LLC
WM Asset Holdings Corp.
WM Citation Holdings, LLC
WM Enterprises & Holdings, Inc.
WM Funds Disbursements, Inc.
WM Marion Holdings LLC
WM Mortgage Reinsurance Company, Inc.
WM Specialty Mortgage LLC
WM Winslow Funding LLC
WMB St. Helens LLC
WMBFA Insurance Agency, Inc.
WMFS Insurance Services, Inc.
WMGW Delaware Holdings LLC
WMHFA Delaware Holdings LLC
WMI Investment Corp.
WMI Rainier LLC
WMICC Delaware Holdings LLC
WMRP Delaware Holdings LLC
Yellowstone Venture, Inc.
I show the same 6.4 million shares traded and of those over 5 million after hour - so good news coming soon! IMO
coop GOT VARY ACTIVE END OF DAY WITH OVER 3 MILLION SHARES TRADED AFTER HOUR NOW SHOW 4.7 MILLION SO A BIG DAY!
AZ, so you do not expect distribution for your WMI Notes until Jan. 15th?
IMO - I do not feel that scheduled distribution has any effect on possible DTC distribution before end of year. You agree?
BBANBOB, I do not have private message but to your question yes you can.
After looking at those claims or assets transferred I could not find those specific claims - 700065.01, 700065.02, 710052.01, 710052.02
It looks like those were removed so hard to tell how much in assets those claims held so it may not be a big deal but does show assets are being transferred which is great.
bond-007, I agree it is not valued in $1,000 but it is a claim assigned to
Nationstar Mortgage LLC,