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'm a pre-seizure holder. What I'm getting at is getting $1/share recovery or the prospects of getting nothing more.
Seriously, it might not be F and R. But after all this time, who wouldn't be content with $1/escrow? Whether via cash or shares.
Outstanding. It gets to the point. Please let us know if you get a response and any details. Thanks for your effort on behalf of escrows holders.
Just curious if there is a possible gag order in place.
Why doesn't the huge loan (I believe 30B) that the Holding Company provided the parent company have to be paid back by JPM if they took over the parent company? Seems like that is the very least that's due to escrows. Couldn't that be "clawed back" in court?
Tdeank1, do you feel the hedge funds would accept that and just "throw in the towel? Actually, I'm a little surprised they haven't vociferously expressed their displeasure with not having received their loot by now.
I'm weary of reading all the speculation. I'm not a "groupie-type". If I see something that happens to "catch my eye", I'll inquire about it. That's just the way I roll.
I thought I saw some kind of speculation here within the last two weeks.
I just thought I read where a $50 COOP share price may trigger an escrows distribution. Obviously, I'm not sure about the reasoning behind this possible speculation.
What's the deal on possible escrow distributions at COOP $50/share?
distrojunky, really? Thanks for your input.
Large Green, so with your theory, would "common equity interests" just be a residual after preferred are triggered?
Does "2.5 par cash distribution" mean $2.50 per share of escrows?
Hi MONICALAW. I don't get what you are saying by this. "I estimate accumulated delayed Escrow payments to $8.6 coops". Please elaborate. And how far down the road are these "Escrow payments", IYO?
Imagine the boost an escrows cash distribution could give COOP. I have a feeling there would be some serious buying pressure. It's hard telling what it could do for the share price.
Now, COOP needs a boost from some substantial escrows distributions so investors can add to their COOP positions.
Large Green, specifically, which loans are you referring to"?
"Not the mention the 38 billion of loans which have not been repaid or liquidated returning to the FDIC receivership?"
If escrows have valuable assets being utilized, like what's being rumored. Why can't we have some transparency and see what assets escrows have that are actually being utilized? Why is this valuable information not being revealed to escross holders?
I noticed Jamie Dimon was awarded a nice bonus. Ain't that special?
BBANBOB, I sure hope you are on to something. Wonder how lodas looks at that observation.
If "Fair and Reasonable" has, indeed, already been awarded to it's completion, is there someone with authority that can confirm that? Someone that could put an end to all the wishful speculation if nothing more is coming to escrows.
lodas, your explanation still doesn't really satisfy the "Fair and Reasonable" claim. And is this paltry distribution so far, really what the hedgies were fighting so hard to preserve? If so, please explain. I saw your comment about "hedgies make investing mistakes too". I guess this could be the case here. But, if so, they got "snookered" into the releases like common shareholders did.
Regarding the "Fair and Reasonable" claim. "If it were the wmih turned coop (via reverse split) shares that we got a number of years back.. then they should have stated so." Absolutely ! The lack of communication and transparency in this whole ordeal is alarming. Frankly,it stinks !
So lodas, where is "Fair and Reasonable" in this explanation of yours? Isn't that how Walrath described the escrows awarded to shareholders? Or was it some other "bigwig" that said this? I also wonder if the hedgies see it the way you do.
The distribution speculation date just seems to continue to be extended. Why is there no regulatory guidance for Fair and Reasonable? This is troublesome. It has been for a long, long time since trusting shareholders signed their releases. Hell, if nothing more is coming back to escrows. Just make it official by eliminating escrows from our accounts. Stop the bullshit, wild goose chase speculation, officially, so we can move on. Enough is enough. If we got screwed by the biggest bank heist in history. Please make it official.
BBANBOB, besides getting a fair shake, class 22 just needs some closure to this elongated mess.
I'm talking about Class 22 having someone battling for them NOW in court.
So where is "Fair and Reasonable"? It's been a while since the Judge put this together.
Class 22 needs somebody fighting for them like AG is fighting for Class 19. In court, where it actually counts.
Sorry, I just check in occasionally.
If there is nothing more coming back, when will the escrows be removed from accounts?
So where did the 86B that Dr. A referred to go? That's a lot of money/assets to just go "poof Ghondi".
Why is it so ambiguous? I can't understand why escrows holders can't find out, officially, what's going on. Good or bad.
Somebody should be accountable for answering this question. What happened to the assets of the Holding Company?
Who owns the Holding Company? And what happened to the Holding Company's assets?
Royal Dude, what law firm are you referring to? "at least we have a legitimate Law Firm here, at no cost to us, to look into COOP's "fiduciary duty" to us as shareholders".
What % would you give to a great lawyer if he/she helped get you a nice escrows distribution? It might come down to that in order to have a decent chance to get anything more.
Large Green, I sure hope you are right. High level counsel, if possible, would still be nice to have to make sure this transpires on the "up and up". There's a lot at stake here that we've been waiting way too long for results.
Dmceng4, is high power legal consultation and representation desperately needed to help answer this?
"the liquidating trust can go ahead and pursue them. They will still be there". So where are they?
What do "signing releases" prevent escrows from doing? Would they prevent this? Boris the Spider posted, "I think we have been screwed and our only option may be to have a heavy hitter lawyer drag the bastards through the mud in court".