Explore small cap ideas before they hit the headlines.
Explore small cap ideas before they hit the headlines.
It would certainly be nice to have more factual legal input. Legal oversight on behalf of escrows is what's really needed.
UpTickMeASAP, if what you say is true. How will the powerful hedge funds involved react? Seems like they'd be pretty pissed and proactive in finding out why there wasn't "Fair and Reasonable".
wcheng, it's nice escrows still seem to be alive. (if we are) But jeez, after the ridiculous amount of time we've endured waiting for F and R. If nothing in the next few months, no doubt, we need to invest in a reputable law firm to see what the "hold up" is. And to make sure we aren't getting "bamboozled". Right now, we seem to be in a "gunfight with a scissors". Hopefully, Boris the Spider has astute counsel in mind, if needed.
Key question, when are we going to get paid? I appreciate all your dd. But "when are we going to get paid?" is what it comes down to.
yep, the whole ordeal has been "murky", at best, for escrows holders anticipating something "Fair and Reasonable".
Isn't Willingham in Class 22?
yep, who is going to give escrows "Fair and Reasonable" now? Please answer that, Judge Walrath.
What does it mean for escrows if LT was terminated today? Anything?
How would the hedgies feel if this were to happen? What would their reaction be?
"When LT is dissolved, the next step will be the deletion of the escrow markers from our accounts".
What will escrows commons holders find out tomorrow?
What did Rosen claim, something like, there was a nominal amount of money left and it would be going to charity? Somebody, please refresh my memory on this.
Could March 19 reveal any information regarding escrows?
So lodas, do you feel the hedgies might have gotten "screwed over", too, on getting Fair and Reasonable for their escrows?
Let's hope COOP "puts a premium" on maintaining and utilizing those NOLS. Why wouldn't they?
JPM can, but would they put up 10 Billion to settle this? And make escrows go away. Just in case the trusts theories don't "pan out". I sure wish escrows had a distinguished law firm working on this type of possibility. Surely, the hedgies could come up with the funds to hire decent legal representation on this pertinent matter.
BBANBOB, hope you are "right on" about it not being over. I'm hanging in there, too. I do really appreciate those that help us try to substantiate a real possibility of something materializing.
Understood. But there is a certain actual "deserving" restitution involved with "PRE" that isn't the case otherwise. Agree? By the way, I hope both investment situations get some kind of a pay-back for their long-suffering investment.
You do realize I am a "PRE", right? Believe me, I know the devastation caused by this deceptive, caustic seizure of a great company. Not only as investor, but as an American. It's one of the most embarrassing things for the USA I've ever witnessed. Has there been a brilliant coverup? I sure don't see any "fair and reasonable" yet.
Very much deserved. Washington Mutual was a wonderful company that "got the shaft". The seizure/theft was and still is an embarrassment to the country. It didn't get the exposure it warranted. I still can not figure out why more Congressional "leaders" didn't call for a full-blown investigation. As well as why much of the media "dropped the ball" in the pursuit of justice.
I agree, as it stands, "PRE" were the true victims in this travesty.
Whatever happened to Dr A? We (escrows) could sure use him now pleading our case.
Boris the Spider, does your attorney friend feel escrows are entitled to this? And that he can present evidence to prove it in court, if needed.
"we have the $30B in "bonus money" that JPM "found" from the commercial property portfolio that should be returned to the shareholders, as well as the $4B that WMI had just deposited that was stolen".
If nothing shakes in the next few months, Boris the Spider's prominent attorney will likely use some of this stuff in his pursuit of justice for escrows.
PickStocks, aren't you "pulling" for the predictors to finally be "right on"?
The predictions for a possible March escrows payout would give COOP a huge "shot in the arm". I say, $50/share minimum shortly thereafter. It would be an almost "perfect storm" situation.
Yep, I'd be surprised if COOP wouldn't surpass $50/share quickly if there were a nice escrows distribution sometime in March.
Boris the Spider, that is some great news. Thanks.
Imagine where COOP would be if some investors had some escrows distributions cash to "sink into" COOP.
We likely need "no-nonsense" counsel that can sort thru this and get results. Escrows holders have NEVER had that. So we've waited over 12 years and "still no meat on the bones". This in response to, "My question is what can we do to escape this whirlpool we keep circling around in?".
If so much money is at stake, would a great law firm take this on a contingency basis?
"Some entity is holding the cash that belongs to WMI Escrow Marker Holders". Who could be "holding the cash" and what's the hold up getting it distributed? Those, seem to be the "$137.2068 B" questions that need to be addressed?
Large Green, what is your projection as to the shares payout ratio to common escrows holders? "I look for these shares to be issued to legacy common share investors who signed timely releases by 3/2012".
Hope the recent runup can be substantiated. And not just a "head fake".
So if that's for Preferred. What are Commons supposed to receive out of the deal?
Large Green, it looks pretty obvious. They just need to "get the show on the road".
Hope Andyg59 stays on top of the situation and posts again to help keep Escrows holders informed. From that entire educational post, this stood out to me. "Mr Cooper is a 100% subsidiary of WMIH which is the holding company. Its not Mr Cooper NOL it is WMIH NOL contingent that the existing capital ratio remain intact."
BigBang, I hear you. That's a big reason I'm skeptical. And no guidance from those in the know.
So this saga could drag on indefinitely?
Is the closing of the Receivership sometime March 2021? If so, is that definite or any chance of further delays?
Will Rosen and Willingham be making statements confirming this soon?
LuckyPanda, I agree.