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Boris, I do not see anywhere in these messages where it says anything about KENTUCKY STATUTES IN WHAT Tex wrote
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SamuraiProgrammer...EXCELLENT SUMMATION, however, do not waste your time with investors who have not signed timely releases by 3/2012. Thank you for your post that follows.
Re: lodas post# 712477
Monday, July 24, 2023 11:56:32 AM
Post#
712482
of 712482
OK... Let me explain this ONE MORE TIME!!
There WERE assets remote from the bankruptcy. They were discussed in court and THJMW disallowed detailed descriptions of them. For her to have done that, they MUST have existed.
WMIH now COOP (under whatever structure) was NOT given those assets by the BK court because the BK court HAD NO JURISDICTION over them.
These assets are somewhere.
These assets (IMO) already belong to the (former) shareholders of WMI so there is no need for a 'binding' contract.
However, there are two equivalents to binding contracts in play.
1) FDIC is MANDATED by its charter to maximize shareholder value.
2) The TRUSTEE is MANDATED by their Fiduciary Obligations to preserve and properly distribute those assets. When (no matter how long) the FDIC closes the receivership of WMB, any payment for assets will add to the assets managed by the trustee. IMO, that is why those assets have not been distributed... i.e. they are waiting for the closure of the receivership.
You (purposefully, IMO) conflate and confuse the different classes of assets... The LT had nothing to do with the BK Remote Assets. The FDIC tried to get them included via the big FIRREA argument (remember that?) and failed.
If you are not doing it purposefully.
YES I believe there will be money at some point
NO I don't believe it will be 600B.
And, while I am at it, you and Pick keep crowing about how AZ was wrong on everything he said. Remember this : AZ said the LT would never pay a dime to escrow holders - He was certainly right about that. He understood that our payments would come either from BK remote assets or the FDIC or JPM.
Now, go back to lurking... IMO very few people on this board give a flying f--- against a rolling doughnut about what you think.
At the very least go back to encouraging people who don't understand the risks to play options.
To Others.... please reply and quote my post in the reply because I believe this will be disappeared. The truth hurts some agendas.
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NDT,, just remember if nothing happens between now and 7/21, there is still FOUR business days coop has to file an 8K, especially if something will happen and they want to get it on the other side of their upcoming earnings report which is a possibility.
If nothing happens then we may have to wait until the powers-that-be sign releases and officially and formally release the Receivership as one of our very astute posters, CBA09 told us back in mid-year 2017 before he mysteriously disappeared.
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BBANBOB, put the link out as we cannot see the filing on Edgar or BP YET. Could this have to to with the closing on coop company they bought and extended the closing until 7/21/2023?
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LP, sure but after the four business days expire from 7/21.
Mike, just remember if nothing happens between now and 7/21, there is still FOUR business days coop has to file an 8K, especially if something will happen and they want to get it on the other side of their upcoming earnings report which is a possibility.
If nothing happens then we may have to wait until the powers-that-be sign releases and officially and formally release the Receivership as one of our very astute posters, CBA09 told us back in mid-year 2017 before he mysteriously disappeared.
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JJ, I believe if they wanted this to stay above $50.00 it would without retracement under $50.00 which has happened a few times already thus consistently resetting the clock.
September is also the anniversary month for the illegal seizure and bk filings so maybe there is some connection to these historic actions.
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newflow, yes, I know, however, they can keep reinventing, making claims for decades. If there was nothing more to force the distribution issue by SG, then that is the equivalent of being SOLD-OUT BUT, BUT, I DO NOT believe SG would have handled this way allowing criminals to make distributions on their timeline which would never materialize.
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I believe the monies go to DTCC/Clearstream then to Brokers however, if nothing during your timeframe, then I am afraid we may have to wait on signed releases from the Big Players and simultaneous closing of the R.
That could be days to years, unfortunately.
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BOBBY thanks. Yes, the Statute of Limitations could be in play but I do not but a lot of faith in this. It is just hard for me to believe anyone would want to wait for 15 years for their distributions due to fear of being sued when these kinds of people will sue anyway.
Investors either signed timely releases or not. People will sue regardless of when distributions happen. I personally do not believe these limitations are the issue rather, whatever was agreed to years ago and the Players involved are the issue. We just do not know.
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Yes, this COULD, COULD, COULD, COULD, COULD BE EXCITING between now and the end of next week.
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The interesting question for recent times is why have the powers that be taken the brakes off of coop and let it rise? Pending 8K filing in the offing?
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BBANBOB, there could not be a more factual statement than the one you just wrote that follows.
BUT THE GAME ALWAYS ENDS
Yes, THESE GAMES ALL END AT ONE POINT OR ANOTHER
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NDT, if the date passes and nothing happens, then there is one main action that must happen before this travesty runs its course in total.
That is as the subject matter poster, CBA09 always said before he mysteriously disappeared and that was that distributions MAY NOT happen until the Receivership has been closed and resolved in total.
So as always, we wait for time-passing and filings to show us the way forward.
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stox, yes, I still plan on seeing some kind of positive COOP 8K filing on/before 7/21/2023, hopefully showing something that we have been looking forward to for many years.
As I always say, ONLY time passing and filings will show us the way forward.
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JWW, J. Bray started running his mouth way too early referencing monetizing XOME about two or three years ago, and still NOTHING.
I believe this NON-ACTION with XOME PROVES a larger picture such as XOME will go to a DST named WMI something or named 1234, or ABCD, or whatever BUT there is much more to XOME than just selling as again COOP'S non-action with XOME proves this in my view.
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BBANBOB, you said the following:
COOP IMHO WILL NOT SELL XOME
IMHO XOME is being reserved for the REAL PARENT here NOT FOR A SUBS financial benefit
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Who in the world would KILL THEIR GOLDEN GOOSE? Maybe a TRAITOR and we know plenty of those but I do not think they are at COOP.
BBANBOB, can you say a DST by the NAME of WMI, or 1234, or ABCD, or WHATEVER but I will stay with WMI PLUS? They MAY have an INTEREST in XOME and I would BET on THIS and I did with TIMELY SIGNED (by 3/2012) RELEASES!
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Jhd, I do not think you can use Bray as a factor because to start with his auto sale is a small amount for him and this keeps him out of any I.T. Issues so no factor in my view.
Notice you only see the one sale from Bray an no other from Execs, so this is the tell in my view
jhd51, I hate to answer in this way, but NO WAY to know for sure in my view.
1) The price could seriously drop depending on if this event is one part or two parts separated by time and other potential filings
2) So, if this event has shares issued to a DST for potential ownership of assets from the former Estate and/or payback for the Servicing Rights all of these years, is there value shown in the filing for remittance of these shares to a DST for the distribution to Beneficial Owners who signed timely releases y 3/2012 OR IS THIS JUST A PAYBACK AFTER ALL OF THESE YEARS
3) If just payback, then it would be possible for COOP to be in the $18.00 to $20.00 dollar range due to dilution and of course this would eventually go MUCH higher BUT over time
4) However, on the other hand, if there is value associated with this transaction then there would be no dilution as this would more than likely be immediately accretive to COOP stock price and go SUBSTANTIALLY HIGHER
5) I tend to believe, the Big Money players do NOT want ANY sunlight shown on any of this or other big investors gumming up everything with litigation so I tend to believe the price will go higher then everyone is happy including the investors who do NOT have any signed releases, but again this is just my opinion.
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Cura, yes, you are correct and very good point. I am looking for something very positive to happen on/before 7/21/2023.
As always, only time passing and filings will show us the way forward.
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Cura, interesting post as it kind of aligns with what I think. Care to share what makes you come to this conclusion?
Thank you
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Boris, you wrote the following post which is spot-on correct and says it all!
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Just remember the hedgies are the cavalry. They will charge when the timing is right.
Anyone who thinks they've thrown in the towel is sorely mistaken.
They know something.
Their silence is deafening.
And of yeah, the UWs always send teams of lawyers to meaningless hearings where there is no money involved.
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March 19, 2012 was the (ED) Effective Date when there was an Ownership Change that would carry through whether Safe Harbor or not while ALL preferred and common prospectuses were canceled including all associated docs.
So for every dollar worth of assets 75% will go to timely signed preferred released investors and 25% will go to timely signed released common stock investors.
This is my view based on what I think I have learned over time.
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What should have propelled coop’s price much, much higher was retiring almost 20 some million coop shares.
It appears this did nothing or very little for price appreciation not to mention all of the hugely profitable quarters/years.
Also, coop has never been close to the so called financial analysis views of price always staying way under.
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Very simply Ron.
DST (s) will play a major role in whatever distributions we eventually see.
The trigger is anyone’s educated guess is as good as mine.
Enough said!
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Stox, all I can say for sure is the price of WMIH/COOP has obviously been held down with much lower prices since April of year 2012.
So, it appears the $50.00 dollar mark has been purposely kept just out of reach. Now, letting coop close at $49.99 to me is obviously purposeful and I believe the Powers-that-be are laughing their xss off.
Now could the closing price of $50.00 be some sort of trigger…well it fits into my timeline if it happens for an 8K filing by coop showing us something we have been looking for, for many years.
My timeline for this coop 8K filing is imminent to the 21 of July, 2023 based on some things I MAY have learned.
Only time passing and filings will show us the way forward.
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COOP closed at $49.99 and they are laughing their xsses off...hehehhe
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Cura, any point in this client agreement you care to discuss and/or highlight?
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Stox, I think ultimately all investors who released by 3/2012 will be happy with the returns considering money never sleeps and it has been since 3/2012. Only time passing and filings will show us the way forward.
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Newflow, I was trusted not to put out however, if it happens, we should see it several days ahead of 7/21, I would think.
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Stox, yes, DD is still intact for a potential 8-K/ Event up to July 21, 2023.
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SPIKED Opium worms ONLY…NOW AGING for best results
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Once we were abandoned, I believe that was the legal issue to allow us distributions so let’s have at it now JG Wentworth
Redneck Rivera can be fun coupled with beautiful beaches along with low rent and high rent districts so something for Bums, Losers, Criminals, Hoes and more
This. potential rumors makes absolute sense when one thinks about all the banks ready to fail and load up the FDIC criminals with more than they can handle
This also probably means something far worse than year 2008 meltdown will happen within six months to a year..,maybe much less
BanjoBob can get his Hulu dress ready with all he new recipes
Ready for fun in the Sun
Shutting us down would be wonderful as long as it is in our lifetime…How about shutdown being imminent?
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Boarddork, which Bonds are you referring to that you discussed in your post?
Are they CUSSIP numbers that follow? If so, please explain as these are the five bond flavors of Subordinated Debt that make up around 15B
1) 93933WACO
2) 93933VAS7
3) 93933VBA5
4) 93933WAB2
5) 93933WAA4
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Expecting a COOP 8K filing - Imminently and/or up to July 21, 2023 POSSIBLY suggesting information regarding investors who signed timely releases by 3/2012.
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LP, no because due to a very fluid situation the date has been moved out to July 21, 2023. I reported this in one of my recent posts in the last day or two.
However, I still believe an 8K is imminent or between now and 7/21.
The information I have is public information that most people would not look at or decipher.
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Sure looks like they are still keeping COOP from going above $50.00. Possible potential strike price NOT on record yet for another potential transaction...who knows for sure but time passing and filings will show us the way forward
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RD, I already responded to you publicly on IHUB why I will not disclose until after July 21, 2023, and/or when the potential filing happens.
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