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So what you are saying are the prospectuses the court canceled on 3/29/2012 were ALIVE during the bk cases but somehow those prospectuses are all DEAD for those assets that are in Safe Harbor
The bk court ruling on asset ownership would carry through to any Safe Harbor assets otherwise one would have dual ownership of assets.
Further, think about what you are saying. Prospectuses now alive, now dead even though the court canceled them. Impossible!
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For some reason, Ron wants to use previous PORs to the ONLY and FINAL, Amended POR 7, wants to ignore an (OC) Ownership Change on the (ED) Effective Date of 3/19/2012, wants to ignore the August 01, 2012 8K filing showing the 75/25 ratio for Preferred and Common equity interests and cherry-pick from previous canceled POR then wants everyone to believe him. Ron TOTALLY FAILS THE SMELL TEST!
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BBANBOB, can you imagine NOT GETTING a Reverse Split like Preferred Shares and then having the Option-To-Exchange-INTO-Common Shares? Almost feel sorry for Commons getting hit with a Reverse Split of 1-12. Then you have the asinine posits that commons will be worth more...UNBELIEVABLE ANYONE could THINK THIS WAY.
Now do I believe the Prospectuses are in force? NO, NO, and NO! The signed court filings show they were canceled. The result will ultimately show 75/25 to a DST near YOU provided you signed a timely release which by actions shows many did not.
The (APR) Absolute Priority Rule was removed for a reason. This was a total hurdle to pull off in Delaware court. The ownership of assets shown 75/25 as shown by an August 01, 2012 8K filing. This 8K filing would carry through to Safe Harbor assets whether these are recognized by the court or NOT.
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So Ron do you believe the filings or not?
1) On the (ED) Effective Date of 3/19/2012, ALL Preferred and Common Prospectuses were canceled along with ALL associated documents
2) On the ED, there was an (OC) Ownership Change with new common shares authorized along with ten million Preferred authorized
3) The ONLY plan that counts is the Amended POR 7 that was signed by the court on 2/23/2012 and ALL previous PORs do not exist according to the court, they were canceled
4) On August 01, 2012, an 8K filing was issued showing the ownership rights of Preferred Equity Interests at 75% and Common Equity Interests at 25%
5) In October of the year 2018 a Reverse Split of 1-12 for common shares authorized and Preferred Shares was NOT affected by the RS so Preferred shares stayed at 1-1 whereas common was 1-12
6) These are all concrete facts so if you want to pick and choose what you want to include or disallow then you are making the rules after the court signed off on all of these facts so have at it.
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BBANBOB, you said the following.
SO there ya have it
At 13% of face I make ALL my money and some bank, AT FACE it will be the single best investment I have ever lived in my life , SO HURT ME with 4.6 X's face
____________________________________________
As some want everyone to believe if the Preferred and Common Prospectuses are not canceled how can Preferred get more than FV? They cannot as that would be against the law so how do you do that? It seems to fit an agenda some pick and choose what fits then try to push that agenda
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Newflow, a great find, and thank you for sharing. DO NOT EXPECT much in the way of positive posts because these kind of facts are very discouraged and very much frowned on since it appears many failed to release and receive timely signed releases...so very sad
HOW DID WE MISS THIS?. CONSERVING THE ASSETS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
6.3 Limitations on Liquidating Trustee.
(a) The Liquidating Trustee shall, on behalf of the Liquidating Trust, hold the Liquidating Trust out as a trust in the process of liquidation and not as an investment company. The Liquidating Trustee shall be restricted to the liquidation of the Liquidating Trust Assets on behalf, and for the benefit, of the Liquidating Trust Beneficiaries and the distribution and application of Liquidating Trust Assets for the purposes set forth in, and the conservation and protection of the Liquidating Trust Assets and the administration thereof in accordance with, the provisions of this Trust Agreement, the Plan and the Confirmation Order.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000099/mm03-1212_8ke101.htm
Page 22
PACKAGED??
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AZCowboy - YOUR VISION THAT CLASS 22 OWNS THE FORMER WaMu ESTATE & 75/25 OWNERSHIP IS LAUGHABLE
1) You also agree by your history of posts that the (OC) Ownership Change did not happen and/or does not matter
2) You further believe the Preferred and Common Prospectuses were not canceled and these carry on forward never being affected by the Delaware BK Court
3) You also believe the 75/25 ownership does not apply to Safe Harbor assets as class 22 owns all of this except for possibly two to four par coming for Preferred
4) So, let’s say I potentially agree with your posit then this means you have to agree to the following as one cannot cherry-pick whether the BK Courts affected the ownership rights of Safe Harbor assets or not
5) We know that in Oct of 2018, there was a Reverse Split applied at a 1-12 ratio to the common shares and the Preferred was NOT AFFECTED by the RS
6) So, using an example of 12,000 shares, then for every 12K shares you would now have 1,000 shares, and for every 12,000 Preferred shares you would still have 12,000 Preferred shares, so an ABSOLUTE TREMENDOUS difference in value for whatever comes back
7) Then of course for the kicker if that was not enough, since the former Prospectuses were not affected then that means Preferred still carries an OPTION TO EXCHANGE INTO COMMON SHARES at a very GENEROUS RATIO and sorry one cannot cherry-pick to make one’s case. Further, if the Prospectuses were not cancelled then Preferred is only entitled to $1,000.00 par Face Value….HmmmHmmm
8) So, again, do I need to explain why the PREFERRED are so much more well, PREFERRED
9) If you cannot comprehend the aforementioned, then maybe you can understand that the Reverse Split ONLY applied to common shares and not PREFERRED letting them maintain even much more, so well, THEIR PREFERRED STATUS HAS A HUGE PRIORITY by a 12-1 margin
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1) During October of the year 2018, 12,000 COOP Common shares became 1,000 due to 1-12 Reverse Split
2) During October of the year 2018, 12,000 COOP Preferred shares were still 12,000 Preferred authorized shelf-ready shares
3) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's DO NOT SEE IT ALICE"S WAY
4) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's fought Alice tooth and nail TO STAY IN CLASS 19
5) IS THERE ANY REASON TO BELIEVE THE UWs who performed the very business/expertise WaMU required, DOES NOT KNOW WHERE THE LARGE GREEN WAS TO BE FOUND AND IS THERE ANY REASON TO BELIEVE THEY PICKED CLASS 19 BECAUSE THEY ARE STUPID
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Alice's opposing lawyers in her suit over the one percent told her they do NOT want an equal amount in Class 22 because (their words), we do not see it that way.
It should be easy to see why they do NOT see it that way due to the following. Let's take twelve thousand shares as an example.
____________________________________
1) During October of the year 2018, 12,000 COOP Common shares became 1,000 due to 1-12 Reverse Split
2) During October of the year 2018, 12,000 COOP Preferred shares were still 12,000 Preferred authorized shelf-ready shares
3) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's DO NOT SEE IT ALICE"S WAY
4) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's fought Alice tooth and nail TO STAY IN CLASS 19
5) IS THERE ANY REASON TO BELIEVE THE UWs who performed the very business/expertise WaMU required, DOES NOT KNOW WHERE THE LARGE GREEN WAS TO BE FOUND AND IS THERE ANY REASON TO BELIEVE THEY PICKED CLASS 19 BECAUSE THEY ARE STUPID
…
LIBOR SETTLEMENT NOW HAPPENING? Thanks goes to Ron on BP
Libor settlement may be happening now.....
Thanks Ron.
LETTER MOTION for Conference Regarding Preliminary Approval of Exchange-Based Plaintiffs' Settlement with Remaining Defendants addressed to Judge Naomi Reice Buchwald from David E. Kovel and Christopher Lovell dated April 9, 2024. Document filed by 303030 Trading LLC, 303030 Trading, LLC, Atlantic Trading USA, LLC, FTC Futures Fund PCC Ltd, FTC Futures Fund SICAV, Gary Francis, Gary Francis, Nathaniel Haynes, Metzler Investment GmbH. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-02613-NRB.
Alice's opposing lawyers in her suit over the one percent told her they do NOT want an equal amount in Class 22 because (their words), we do not see it that way.
It should be easy to see why they do NOT see it that way due to the following. Let's take twelve thousand shares as an example
____________________________________
1) During October of the year 2018, 12,000 COOP Common shares became 1,000 due to 1-12 Reverse Split
2) During October of the year 2018, 12,000 COOP Preferred shares were still 12,000 Preferred authorized shelf-ready shares
3) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's DO NOT SEE IT ALICE"S WAY
4) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's fought Alice tooth and nail TO STAY IN CLASS 19
5) IS THERE ANY REASON TO BELIEVE THE UWs who performed the very business/expertise WaMU required, DOES NOT KNOW WHERE THE LARGE GREEN WAS TO BE FOUND AND IS THERE ANY REASON TO BELIEVE THEY PICKED CLASS 19 BECAUSE THEY ARE STUPID
Now this is a PERFECT FACT
DECISIONS THAT LED TO FAILING TO SIGN TIMELY RELEASES
***ASK JWW*** XOME HAS NOT BEEN SOLD AS XOME MAY HAVE SOLD A XOME SUB BUT TIMELY SIGNED AND RELEASED INVESTORS PROBABLY STILL OWN XOME
Mr. Cooper Group Inc. (“Mr. Cooper”) announced today that it has entered into a definitive agreement to sell its Xome Valuations business to Voxtur Analytics Corp. (“Voxtur”). The sale is expected to close in the third quarter of 2021,
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HERE is THE REAL COLD FACT THAT CAN BE DISTURBING
JAY BRAY SAID YEARS AGO THAT XOME COULD BE WORTH BETWEEN 800M and 1.5B SO IF XOME WAS SOLD HOW CAN THESE LARGE NUMBERS NOT BE MATERIAL...VERY SIMPLE XOME HAS NOT BEEN SOLD PERIOD
Consideration for the sale is not material.
XOME HAS NOT BEEN SOLD AS XOME VALUATIONS BUSINESS IS NOT XOME PERIOD AND THIS WOULD BE A SUB OF XOME
***SORRY ABOUT YOUR FAILED TO OWN TIMELY-RELEASES BY 3/2012***
Mr. Cooper Group Inc. (“Mr. Cooper”) announced today that it has entered into a definitive agreement to sell its Xome Valuations business to Voxtur Analytics Corp. (“Voxtur”). The sale is expected to close in the third quarter of 2021,
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BBANBOB, then factor in the RS common shares and Preferred issued 1-1 with NO RS and find out the TRUE VALUE. Let me again ask, is there any reason to NOT UNDERSTAND WHY THE UWs wanted class 19? I do believe this is a third-grade elementary math question they could easily answer.
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JWW, come on now and face the fact that CEO Bray started talking way to soon about monetizing XOME and THE REAL FACT that has NOT happened in all of these years is because COOP is NOT in control and/or does NOT own XOME in its entirety.
Now posit the following. Assume the investors who signed timely releases own the former WaMu Estate and assets and those investors have NOT been paid for the use of those assets which time is coming due real, real soon through the issuance of shares and CEO Bray was ill-informed and when Xome could be monetized.
JWW, come on and give us a try and explain why Bray jumped the gun on discussing the monetization of XOME which to this day has not happened.
COME ON, GIVE IT A WHIRL, and see if it passes the smell test...now come on...give it a shot!
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BORIS, just pick a Preferred Face Value of 1K, 5K, 10K, or 20K, and the Preferred is still far, far, far better off and the real reason the UWs wanted CLASS 19 so there should not be any serious or real discussion on the 75/25 topic.
The UWs, with their knowledge, wealth, and contacts more than prove this point in my view UNLESS one wants to believe some who made decisions that came up on the short end or no timely releases period.
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BBANBOB, Alice's opposing lawyers in her suit over the one percent told her they do NOT want an equal amount in Class 22 because (their words), we do not see it that way.
It should be easy to see why they do NOT see it that way due to the following. Let's take twelve thousand shares as an example.
__________________________________________
1) During October of the year 2018, 12,000 COOP Common shares became 1,000 due to 1-12 Reverse Split
2) During October of the year 2018, 12,000 COOP Preferred shares were still 12,000 Preferred authorized shelf-ready shares
3) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's DO NOT SEE IT ALICE"S WAY
4) Is there ANY reason NOT TO UNDERSTAND WHY THE UW's fought Alice tooth and nail TO STAY IN CLASS 19
5) IS THERE ANY REASON TO BELIEVE THE UWs who performed the very business/expertise WaMU required, DOES NOT KNOW WHERE THE LARGE GREEN WAS TO BE FOUND AND IS THERE ANY REASON TO BELIEVE THEY PICKED CLASS 19 BECAUSE THEY ARE STUPID
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BBANBOB, yes, you are correct we have spoken about this for years, and here is another recent post to prove your point.
Boris, you commented on JWW's post that follows.
_______________________________
Jww...imagine the pps when the 2.5% hits.
Could be meteoric.
_______________________________
I do not believe they will let the price skyrocket into the hundreds of dollars per share and as many have witnessed they are having a hard time keeping the price as low as they have. So, to me, it would seem before it becomes glaringly obvious, that there will be a positive financial event that will keep the price from going into the hundreds of dollars per share. The following MAY play a major role in the upcoming COOP financial event.
1) Remember, there are ten million Preferred shares that are shelf-ready and authorized to be used on a minute's notice plus these shares were never reduced in the October of the year 2018 Reverse Split and were never reduced since they were authorized on the (ED) Effective Date of March 19, 2012.
2) There are 300 million common authorized COOP shares to be used on a minute's notice
3) COOP has purchased 36 million common shares of its stock which has lowered the outstanding stock to around 64 million
4) There could be a forward stock split to lower the COOP price when the future value (2.5% and/or Xome monetized) comes to pass
5) COOP could be taken private in a very cheap takeover with ultimate value continuing to be legally obfuscated
6) I predict relatively soon that we will see an exciting event for both investors who signed timely releases by 3/2012 and those investors who hold COOP and did not sign timely releases. I believe the financial event will have to do with COOP paying those investors for some assets those investors who signed timely releases for their ownership in the former WaMU Estate
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Serafino1, greetings. I hope you are doing well. You wrote the following post and I would like to point out some very important facts that change the outcome of the WaMu bankruptcy cases.
____________________________________________
Greetings folks, I had a peek in the room, to see if there is anything new about 04.04, but I see nothing about it.
Our opinion on the 75/25% is as follows, WMIH was not part of the WMB insolvency, .
As I have read and re-read the arguments and information from RON and AZC several times. , it also seems to me logical to think, that the 75/25 has no termination regarding the values of the WMIH which SHOULD NOT HAVE BEEN SEQUESTRY.
I think both RON and AZC are right, also because in any seizure or insolvency, the assets if any, belong by law always to the owners, ALWAYS.
This skein with so many knots, the knots are coming to the boil.
Only then can we be sure of knowing how they plotted
scheming to save the JPMC institution, stealing a large bank on Thursday all under the clear sky, this happens in imperial nations, but never in a free and democratic nation hiding it under the cloak of national security.
JPMC was already insolvent
Seraphim1 sends greetings with me.
____________________________________________
1) The common shareholder ALWAYS owns a publicly traded company UNLESS that company files a bankruptcy case which happened. There were two cases filed which means the Creditors ARE IN CHARGE. This also means there is usually a negotiated settlement. There were two months of closed-door Mediation ordered by Bankruptcy Judge Mary Walrath
2) The Creditors were found (COLORED) which is the same as guilty when Judge Walrath held in her court a trial for Insider Trading and this would have been upheld by ANY court in the USA per Walrath
3) On March 19, 2012, which was the (ED) Effective Date of the case, there was an (OC) Ownership Change which changed the ownership of not only the bk cases but the ownership of whatever assets there were whether inside the bk cases or Safe Harbor protected again going back to the ED which completely changed the ownership of assets to those who signed timely releases by the first part of March of year 2012
4) The ED date of 3/19/2012 also cancels ALL Preferred and Common Prospectuses ALONG with ALL associated documents otherwise, there would be dual ownership of assets which could never happen in a Delaware bk case
5) The (UW) Underwriters who performed the very work that WaMu required knew where all of the assets were, their value when they would be ripe and they were also given an ENTIRE year LONGER to RELEASE than all of the rest of the investors for REASON
6) The UWs challenged Alice for almost three years fighting her to STAY OUT of CLSS 22 for a reason as the UW's lawyer advised Alice they did not want class 22 because they do NOT SEE the case the way she does....this should tell one all they need to know about value BECAUSE the UWs could have selected class 22 as late as the year of 2020
7) Also from the ED of March 19, 2012, there were ten million sheld-ready and authorized PREFERRED shares approved to be issued on a minute's notice when ready, and these shares were NEVER diluted or (RS) Reverse Split even in October of the year 2018 when the 12-1 RS happened. The Players will issue these shares at some point soon as they would have never been authorized on the ED, would NOT have avoided the RS in 10/2018, and CERTAINLY would not be on the books CURRENTLY if they were of no use when they could have been deleted numerous times by now
8) Serafino1, so obviously, I and others do NOT agree with who owns the assets if those in opposition claim the assets are owned by class 22 due to the previous facts. So to me and others, the ONLY fact that makes sense is the fact that 75/25 applies not ONLY in the bk cases but also to the ownership rights that would carry on through to any potential Safe Harbor assets or not otherwise, there would be dual ownership rights of assets that could NEVER happen in Delaware bk cases
Thank you and take care
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BBANBOB, you said the following,
***THE FOLLOWING PROVES WMIH/COOP IS AND WAS NOT THE TELL FOR THE BIG-MONEY PLAYERS***
_____________________________________________
And again another point TEPPER SAVITZ BONDERMAN and the UW's lawyer are a heck of a LOT SMARTER than any of us on these boards and see where the aligned themselves in the different flavors here..............................................AND IN FACT SOLD OUT OF THEIR COMMONS in WMIH but ONLY AFTER they had gotten their legacy shares, so they must all be idiots right! WRONG
_____________________________________________
One can make the case there is NO MONEY coming back so far BUT ONE CAN NOT make the case that WMIH/COOP WAS/IS THE TELL after COOP was dead money for a multitude of years HOWEVER, BONDERMAN, TEPPER, AND SAVITZ DOES MAKE THE CASE THAT THE VERY LARGE GREEN WILL RETURN TO CLASS 19 for those investors who signed timely RELEASES by 3/2012.
Do not worry, investors who did not sign timely releases but own COOP when news of the financial event happens will be rewarded but some investors will do better than others as is always the case.
Investors who signed timely releases for class 22 will also be rewarded more so than those who did not but not as well as some others
,,,
BB, I believe the payouts revolve around two major actions.
1) The resolve of Libor
2) The resolve of (R) the Receivership being brought to a final conclusion
3) The FDIC has not been released and as a result of that action JPM has not been released via the FDIC[/b]
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Boris, I believe there are a few buckets of returns due to those investors who signed timely releases by 3/2012.
1) JPM must pay for assets as explained in Amended POR 7 signed by the court on 2/23/2012
2) COOP has used assets since 2012 without paying for them and making tons of money from servicing those assets. Remember, to have an asset that you can make money from is worth a fortune in itself, so when WMIH exited Chapter Eleven of the Delaware bankruptcy case/court, it only had 75M in cash and about 6B in NOLs...nothing more...then during the ensuing years they were able to have a servicing platform of around one trillion
3) The investors who signed timely releases are due monies from COOP for using those assets for years of which they did not own. One could also speak of Xome which I believe the same investors own because there is no way COOP could not monetize Xome as CEO Bray spoke of several times over several years, so this tells me COOP does not own Xome in its entirety
4) Then we know there are the Safe Harbor assets that should provide another bucket of returns but only time will tell
5) Also the FDIC should still own us for assets they took and not repay us not to mention the potential we should have once Libor is settled which should happen this year
...
Boris, you commented on JWW's post that follows.
_______________________________
Jww...imagine the pps when the 2.5% hits.
Could be meteoric.
_______________________________
I do not believe they will let the price skyrocket into the hundreds of dollars per share and as many have witnessed they are having a hard time keeping the price as low as they have. So, to me, it would seem before it becomes glaringly obvious, that there will be a positive financial event that will keep the price from going into the hundreds of dollars per share. The following MAY play a major role in the upcoming COOP financial event.
1) Remember, there are ten million Preferred shares that are shelf-ready and authorized to be used on a minute's notice plus these shares were never reduced in the October of the year 2018 Reverse Split and were never reduced since they were authorized on the (ED) Effective Date of March 19, 2012.
2) There are 300 million common authorized COOP shares to be used on a minute's notice
3) COOP has purchased 36 million common shares of its stock which has lowered the outstanding stock to around 64 million
4) There could be a forward stock split to lower the COOP price when the future value (2.5% and/or Xome monetized) comes to pass
5) COOP could be taken private in a very cheap takeover with ultimate value continuing to be legally obfuscated
6) I predict relatively soon that we will see an exciting event for both investors who signed timely releases by 3/2012 and those investors who hold COOP and did not sign timely releases. I believe the financial event will have to do with COOP paying those investors for some assets those investors who signed timely releases for their ownership in the former WaMU Estate
...
Exactly, yes, the APR was a vital part to this otherwise commons would have been canceled in their entirety and the Waterfall would have stopped with Preferred
Also do not forget the important fact concerning Preferred is they were NOT reduced with the Reverse Split or previous reduction. So, as we speak, there are still ten million Preferred authorized and shelf-ready for immediate use unlike the 300M common authorized shares
…
Serafino1, greetings. I hope you are doing well. You wrote the following post and I would like to point out some very important facts that change the outcome of the WaMu bankruptcy cases.
____________________________________________
Greetings folks, I had a peek in the room, to see if there is anything new about 04.04, but I see nothing about it.
Our opinion on the 75/25% is as follows, WMIH was not part of the WMB insolvency, .
As I have read and re-read the arguments and information from RON and AZC several times. , it also seems to me logical to think, that the 75/25 has no termination regarding the values of the WMIH which SHOULD NOT HAVE BEEN SEQUESTRY.
I think both RON and AZC are right, also because in any seizure or insolvency, the assets if any, belong by law always to the owners, ALWAYS.
This skein with so many knots, the knots are coming to the boil.
Only then can we be sure of knowing how they plotted
scheming to save the JPMC institution, stealing a large bank on Thursday all under the clear sky, this happens in imperial nations, but never in a free and democratic nation hiding it under the cloak of national security.
JPMC was already insolvent
Seraphim1 sends greetings with me.
____________________________________________
1) The common shareholder ALWAYS owns a publicly traded company UNLESS that company files a bankruptcy case which happened. There were two cases filed which means the Creditors ARE IN CHARGE. This also means there is usually a negotiated settlement. There were two months of closed-door Mediation ordered by Bankruptcy Judge Mary Walrath
2) The Creditors were found (COLORED) which is the same as guilty when Judge Walrath held in her court a trial for Insider Trading and this would have been upheld by ANY court in the USA per Walrath
3) On March 19, 2012, which was the (ED) Effective Date of the case, there was an (OC) Ownership Change which changed the ownership of not only the bk cases but the ownership of whatever assets there were whether inside the bk cases or Safe Harbor protected again going back to the ED which completely changed the ownership of assets to those who signed timely releases by the first part of March of year 2012
4) The ED date of 3/19/2012 also cancels ALL Preferred and Common Prospectuses ALONG with ALL associated documents otherwise, there would be dual ownership of assets which could never happen in a Delaware bk case
5) The (UW) Underwriters who performed the very work that WaMu required knew where all of the assets were, their value when they would be ripe and they were also given an ENTIRE year LONGER to RELEASE than all of the rest of the investors for REASON
6) The UWs challenged Alice for almost three years fighting her to STAY OUT of CLSS 22 for a reason as the UW's lawyer advised Alice they did not want class 22 because they do NOT SEE the case the way she does....this should tell one all they need to know about value BECAUSE the UWs could have selected class 22 as late as the year of 2020
7) Also from the ED of March 19, 2012, there were ten million sheld-ready and authorized PREFERRED shares approved to be issued on a minute's notice when ready, and these shares were NEVER diluted or (RS) Reverse Split even in October of the year 2018 when the 12-1 RS happened. The Players will issue these shares at some point soon as they would have never been authorized on the ED, would NOT have avoided the RS in 10/2018, and CERTAINLY would not be on the books CURRENTLY if they were of no use when they could have been deleted numerous times by now
8) Serafino1, so obviously, I and others do NOT agree with who owns the assets if those in opposition claim the assets are owned by class 22 due to the previous facts. So to me and others, the ONLY fact that makes sense is the fact that 75/25 applies not ONLY in the bk cases but also to the ownership rights that would carry on through to any potential Safe Harbor assets or not otherwise, there would be dual ownership rights of assets that could NEVER happen in Delaware bk cases
Thank you and take care
...
For years, I used to always feel a minimum of four to six bucks a share would return if any did at all so about one year ago, I changed so now I am between eight and twelve a share if any returns period.
Summer to late Fall for monies into accounts would be my guess.
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LIBOR8 SETTLEMENT LOOMING???
Thanks goes to BP Poster, Hold.
——————————————-
After the Judge ultimatum response many of OTC plaintiffs dropped their claims at the end of fact discovery deadline, I guess they were hoping Judge would approve their request. They should have hired additional attorneys if they really wanted to continue this legal battle, imo.
4003 04/04/2024 STIPULATION OF VOLUNTARY DISMISSAL It is hereby stipulated and agreed by and between the parties and/or their respective counsel(s) that the above-captioned action is voluntarily dismissed, with prejudice against the defendant(s) Citibank NA, Citigroup Inc, Citibank, N.A. and without costs pursuant to Rule 41(a)(1)(A)(ii) of the Federal Rules of Civil Procedure. Document filed by California Public Plaintiffs, City Of Houston, City of Richmond, City of Riverside, County of Mendocino, County of Sacramento, County of San Diego, County of San Mateo, County of Sonoma, East Bay Municipal Utility District, San Diego Association of Governments, San Mateo Couty Joint Powers Financing Authority, Successor Agency to the Richmond Community Redevelopment Agency, David Sundstrom, The Regents of the University of California, The Richmond Joint Powers Financing Authority, The Riverside Public Financing Authority. Proposed document to be reviewed and processed by Clerk's Office staff (No action required by chambers).Filed In Associated Cases: 1:11-md-02262-NRB et al.
Now with everything said and done, an imminent settlement agreement will likely be formed any day.
…
Agree and the (SD) Subordinated Debt or the 15B in bonds since they were placed in Tranche Five with Equity in Tranche Six
..,
Agree
BBANBOB, you said the following.
And in my math classes over the years 75% beats 25% in a BIG WAY
_____________________________________________
Let us look at it in another way since the 75/25 is a trigger that sends some into Nutzville. All one has to do is look up the meaning of PREFERRED so in most people's English classes Preferred means ahead of others or simply a PRIORITY.
Preferred shareholders have priority over a company's income, meaning they are paid dividends before common shareholders.
Common stockholders are last in line when it comes to company assets, which means they will be paid out after creditors, bondholders, and preferred shareholders.
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Thank you very much Royal Due for your research and sharing. This concerning former preferred shares of the WaMu Estate. The former (P) Preferred share of WaMu was based on a $1,000.00 (FV) Face Value and the former K share was based on $25.00 FV.
So, this is nothing more than a subset of the original P share. The Perps could have easily just spoken about the original P share since both of these shares are considered PREFERRED which would provide more cover and smoke for what the Perps have always been trying to hide. If they spoke in exact terms, then this would let the cat out of the bag, and after 16 years of redaction, smoke, and mirrors playing Hide The Saugage program, this would be unacceptable.
They could have easily coined these Preferred A & B so this could easily be a reality. As I always say, time passing and filings will show us the way forward. Thanks to Royal Dude for bringing this to our attention. This is exactly what these Perps would do if they were continuing the program of Hide The Sausage!
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf
"The holders of the Common Shares are entitled to elect all of the directors on the DTCC Board, other than the two directors who are elected by the holders of the Series A Preferred Shares and the Series B Preferred Shares. The holders of the Common Shares are also entitled to vote on any matters submitted to shareholders for a vote"
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BBANBOB, concerning former preferred shares of the WaMu Estate. The former (P) Preferred share of WaMu was based on a $1,000.00 (FV) Face Value and the former K share was based on $25.00 FV.
So, this is nothing more than a subset of the original P share. The Perps could have easily just spoken about the original P share since both of these shares are considered PREFERRED which would provide more cover and smoke for what the Perps have always been trying to hide. If they spoke in exact terms, then this would let the cat out of the bag, and after 16 years of redaction, smoke, and mirrors playing Hide The Saugage program, this would be unacceptable.
They could have easily coined these Preferred A & B so this could easily be a reality. As I always say, time passing and filings will show us the way forward. Thanks to Royal Dude for bringing this to our attention. This is exactly what these Perps would do if they were continuing the program of Hide The Sausage!
https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf
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RD, EXCELLENT deduction if the one-percent fee proves accurate then this makes perfect sense.
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Diamond, the bottom line is ALL INVESTORS who signed timely releases by March of the year 2012 will at MINIMUM do EXTREMELY WELL considering, however, as is always the case, some will do MUCH BETTER than others.
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This is hard to say as there are a few ways this could go.
1) They could be bought out lock, stock and barrel
2) They could be issued the 36M share that COOP has repurchased based on an investor's original purchase subject to the Reverse Splits taking the outstanding stock down to around 100M before the COOP repurchase program started
3) There are some more thoughts but I will leave you with the aforementioned
4) Just know that COOP has had shelf ready, authorized, and ready to issue on a minute notice ten million preferred shares which have NOT been subject to (RS) Reverse Splits or other reasons. They will use these at some point. COOP originally planned for these preferred shares or they would not have brought them forward from the (ED) Effective Date of 3/19/2012 and forward of the 12-1 Reverse Split in October of the year 2018 which AGAIN did not affect the Preferred, authorized shelf-ready shares.
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BBANBOB, you asked and wrote the following to AZC,
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WIth ALL of your NEW FOUND wealth, did you ever bother taking BOPS advice and taking the GSA/POR to a ""LAWYER"" and having them give you an opinion based on the 8k and PR on the payout matrix and how it was as well stated in the GSA?????????????? As to the 75/25% payout on any and all distributions???
OF COURSE, YOU DIDN'T you wouldn't dare
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When there is an agenda to push outside of the norm, there is no way one would pay a specific lawyer with subject matter expertise for an opinion when more than likely the legal opinion would NOT support the agenda being posited.
All one needs to know if they signed timely releases by 3/2012 is they own the former WaMu Estate and whatever may come from that whether Safe Harbor protected or NOT, otherwise since there was an (OC) Ownership Change on the (ED) Effective Date of March 19, 2012 there would be dual ownership of assets and that can NEVER happen in Delaware Bankruptcy Courts
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Diamond, I believe former Preferred WILL BE one to one.
In my view, this is why the UWs spent millions, received a one year delay to cast their timely signed releases then fought Alice for several years to the very end ensuring they STAYED in CLASS 19.
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TO ME, SEEMS VERY LIKELY TO HAPPEN ALMOST ANY DAY - RECENT COOP FILING – THE PUZZLE NOW FIGURED OUT – JUST MAYBE
https://archive.fast-edgar.com/20240318/AS2E422CZ22EI2Z2222P2CEZA7GSZZ62B262/
JUST maybe with the help of BBANBOB plus some others who agreed with us like Cura Asada, Dmdmd1 and others that the COOP merger with NSM was not totally completed and POSSIBLY there is a positive finale. At least until they issue the owners of the former WaMu Estate who signed timely releases by 3/2012 shares.
These same investors just mentioned also agree that COOP does NOT own XOME entirely, as for years they have talked about monetizing XOME worth roughly one to two billion. Strange, after multiple years they cannot monetize XOME and we have said this is because COOP does not own XOME entirely until they finish issuing the shares. More than likely this ownership of XOME is tied up in a DST owned (75/25) by those investors who signed timely releases.
***NOW LET US LOOK AT SOME NUMBERS***
• Post COOP 12-1 RS around Oct/2018, the outstanding COOP shares became roughly 100M
• The recent filing above shows around 64M COOP outstanding shares after a multitude of COOP buy-backs
• The difference is now 36M shares of COOP which MAY BE owned by timely signed investors
• If these 36M shares (36M + 64M) are given back to timely signed investors, then this takes the outstanding COOP shares back to around 100M but lowers the COOP price to roughly $50.00 a share based on current prices of around $72.00
• Now we have heard that XOME should be worth around 2B or so, NOW figure in 2B ($20.00 a share) on those 100M outstanding shares and WOAH back to $70.00 plus a share
• NOW figure the 75/25 ownership on the 36M shares and guess what you have roughly 27M shares for the Preferred and 9M shares for the Common
• The other thought is there are ten million authorized and shelf-ready preferred shares that can be issued on a minutes notice that has been part of the plan since the (ED) Effective Date of 3/19/2012 so ALL 36 M common shares could go the the investors who released common share and the preferred investors receive 1-1 preferred which explains why the UWs want into class 19 so bad – yes, this is their expertise and they have always known the specific class the big money was to be recovered from…CLASS 19
• IF COOP issues 36M common shares at $71.00 per share that is 2.5B so if they give this to common shareowners that is roughly 25% of a POSIT of ten billion and they back preferred with 7.5B funding for a total of ten billion POSIT. NOW if COOP gets 2.5% of the 635B that Congress spoke about around year 2010/11 that means COOP gets 15.87B so with the ten billion funding of preferred and commons 36M shares at $71.00 it leaves roughly 5.6B for their own coffers driving the COOP common much higher
• Hopefully, these shares are coming soon to a timely-signed-released account near YOU
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