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This offering has nothing to do with us.
You have to be an owner of this JPM's Preferred Stock in order to be eligible to receive a dividend.
The WMI Liquidating Trust (WMILT) was dissolved over +2 1/2 years ago.
Equity was 'out of the money' in POR6 so why would the court grant them control?
There was the Deutsche Bank probate court hearing in June 2017. To my knowledge i only saw two people who publicly posted about attending this hearing. One was Wamu999 from InvestorsHub, the other was Jaysenese from Boardpost.
Here’s Wamu999’s posts about the hearing. Wamu999 claimed to have heard the Judge mention about the “mom and pop”.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132250452
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132257694
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132259248
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132269300
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=132271662
Jaysenese claimed to not have heard the judge mention about the "mom and pop".
Ok.
We've had this conversation about the "memorandum" before over at BP. Yes, the information of there being a memorandum could be made up. I'm assuming you're basing your belief that there is one because CSNY said there was because of the information that she received. She's even acknowledged that she's never seen it. So, her belief is based on nothing more than hoping the information she was given is genuine. And, it's possible that whoever gave her this information could have lied. Don't be gullible.
Who is saying that it must be paid?
Once again , WMIH-1 didn't go private, it doesn't exist anymore.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174864205
Why don't you post this matter over to Boardpost unless you're afraid to have a real discussion?
WTF is wrong with you? It's a serious question. What's the current relevance of the excerpt you posted from a 13 year old document? It has nothing to do with any recovery to us.
Fabulous. I'm sure there's others than myself who would like to debate AZ on the DD he puts forth without having any posts deleted.
Ron, WMIH (Washington) did not go private. It no longer exists.
As documented; "1.1 At the Effective Time (as defined below), WA WMI shall be merged with and into DE WMI, the separate existence of WA WMI shall cease, and DE WMI will be the surviving corporation of the Merger (the "Surviving Corporation")."
https://www.sec.gov/Archives/edgar/data/933136/000119312515186101/d924385dex21.htm
Well, there's one lawyer on BP that may disagree about the claims of billions coming back to Escrows are outrageous. In fact, she unwaveringly believes that the total value of legacy assets is in excess of $3 trillion. Now, that's outrageous.
WMIH is COOP. COOP is WMIH. There's not 2 separate entities. Also, WMI Holdings Corporation didn't go private. It no longer exists.
=================================================================================================================
Hey, Ron... WMI Holdings Corp didn't go private, it no longer exists.
"As disclosed below, WMIH Corp., a Delaware corporation (f/k/a WMI Holdings Corp.) (“WMI Delaware” or the “Company”) became the successor to WMI Holdings Corp., a Washington corporation (“WMI Washington”), on May 11, 2015."
"As further described in Item 3.03 below, WMI Washington consummated a reincorporation merger (the “Reincorporation”) with and into its wholly owned subsidiary, WMI Delaware, pursuant to the terms of an Agreement and Plan of Merger entered into between WMI Washington and WMI Delaware on May 11, 2015 (the “Merger Agreement”), which is attached as Exhibit 2.1 to this Current Report on Form 8-K and incorporated herein by reference. The effective time and date of the Reincorporation was 8:00 p.m. Eastern time on May 11, 2015 (the “Effective Time”). As a result of the Reincorporation, the registrant is now a Delaware corporation and WMI Washington has ceased to exist."
https://www.sec.gov/Archives/edgar/data/933136/000119312515186101/d924385d8k12g3.htm
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171594866
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It looks like the SEC link that RD posted is not a proper link. (example: the ... in the link is not proper.)
https://www.sec.gov/.../000119312524.../d871263d424b2.htm
Project Eclipse was about WMIH Corp. (WMIH) acquiring Nationstar Mortgage Holdings (NSM). The acquisition was completed in 2018. Shortly after, WMIH Corp. (WMIH) changed it's name to Mr Cooper Group Inc. (COOP) resulting in Nationstar Mortgage Holdings (NSM) becoming a wholly-owned subsidiary of Mr Cooper Group Inc. (COOP). It's done.
Project Eclipse was referring to Nationstar Mortgage Holdings (NSM). It's acquisition happened in 2018. It's a wholly-owned subsidiary of Mr Cooper Group Inc. (COOP).
Quit making things up. You didn't need to "accept the plan" in order to receive a distribution as long as you didn't "elect to opt out". Pay attention to the Note.
6 of 13
ITEM 3. Release Election. By checking the box below, you elect NOT to grant the releases contained in
Section 41.6 of the Plan. Election to withhold consent is at your option. Please be advised that if you
check the box, you WILL NOT be entitled to a distribution under the Plan.
Check the box: Elect to opt out (and receive no distribution)
Note: By failing to check the above box, even if you vote to reject the Plan, you will be deemed to consent to the release.
https://www.fidelity.com/misc/wamu/WAMU-Class-22-Beneficial-Ballot-Code-GG-939322-10-3.pdf
Do i need to pull up some of your very old postings to remind you that you did believe that the WMILT was relevant to our recovery?
Revive Therapeutics Provides Update on Research Study Evaluating Bucillamine for Nerve Agent Exposure
July 02, 2024 13:58 ET
TORONTO, July 02, 2024 (GLOBE NEWSWIRE) -- Revive Therapeutics Ltd. (“Revive” or the “Company”) (OTCQB: RVVTF) (CSE: RVV) (FRANKFURT:31R), a specialty life sciences company focused on the research and development of therapeutics and diagnostics for infectious diseases, medical countermeasures, and rare disorders, announced today an update on the research study evaluating Bucillamine as a potential treatment for nerve agent exposure, in partnership with Defence R&D Canada – Suffield Research Centre (“DRDC”), an agency of the Canadian Department of National Defence. The DRDC is investigating pharmacological compounds, including Bucillamine, that can mitigate nerve agent induced brain injury. Control studies have been initiated and the DRDC expects to evaluate the data this month. Treatment studies will follow after the conclusion of the control group evaluation. The research study is expected to be completed in August 2024.
Nerve agents are chemicals that affect the nervous system. Nerve agents are highly toxic regardless of the route of exposure. The main chemical nerve agents that are man-made and manufactured for use in chemical warfare are sarin, soman, tabun and VX. These nerve agents are known to be present in military stockpiles. Exposure to nerve agents can occur due to chemical warfare or accidental release from a military storage facility. Exposure to nerve agents can cause tightness of the chest, excessive salivation, abdominal cramps, diarrhea, blurred vision, tremors, and death.
Recent studies have shown that antioxidant compounds such as n-acetylcysteine (“NAC”) could be beneficial in limiting seizure activity and improving the anticonvulsant efficacy of GABA-mediating drugs such as diazepam.
Bucillamine is a significantly more effective antioxidant than NAC and has the potential to provide increased efficacy against seizure activity while limiting the anticoagulant and bleeding event liability observed with NAC. The overall objective of the research project is to investigate pharmacological means for neuroprotection of GABA(A) receptors, which are required for the effectiveness of currently fielded anticonvulsant therapies. Bucillamine and NAC will be evaluated to determine the effect on GABA(A) receptor endocytosis and the effect on diazepam effectiveness in terminating seizures. Any additional antioxidant effects on seizure activity and survival will also be assessed.
The results from this research study, if promising, will determine further studies to facilitate FDA and Health Canada approvals for the use of Bucillamine in nerve agents or organophosphate pesticide poisoning. Also, the Company may explore the potential of Bucillamine for traumatic brain injury caused by concussive or explosive forces.
https://www.globenewswire.com/news-release/2024/07/02/2907735/0/en/Revive-Therapeutics-Provides-Update-on-Research-Study-Evaluating-Bucillamine-for-Nerve-Agent-Exposure.html
"They found something unexpectedly good: about $30 billion of mortgages on apartment buildings, which earned strong returns whether the economy was performing well or not.
"It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset that JPMorgan acquired in the auction."
https://finance.yahoo.com/news/jpmorgan-builds-apartment-loan-leader-050000982.html
That's because there is no connection.
If someone owns JPM common stock then it is awesome. Other than that it has nothing to do with anything else.
They went after Goldman Sachs but unfortunately nothing became of it. (the kccllc link is a dead link.)
Date Filed: 11/30/2012
Motion by WMI Liquidating Trust for an Order Authorizing an Examination of Goldman Sachs Pursuant to Bankruptcy Rule 2004
http://www.kccllc.net/wamu/document/0812229121203000000000001
"1. WMILT seeks authorization to conduct discovery into potential claims against Goldman Sachs for breach of contract and related causes of action. Evidence recently developed by WMILT's Litigation Subcommittee suggests that these claims could be a source substantial value to WMILT's remaining creditors and WMI's former equity holders."
I tried to explain to you 5 years ago (Private Message on Boardpost - March 18, 2019, 05:30:35 PM) how you were misinterpreting what the retained assets were.
"Moving on, the next step is part (b), and that would be "such other claims and causes of action which shall be retained by the Debtors, and the proceeds thereof, if any, distributed to creditors and equity interest holders pursuant to the Plan, and the claims and defenses of third parties thereto," and we've defined that as the "Retained Asset Component""
The 30 billion wasn't cash.
"They found something unexpectedly good: about $30 billion of mortgages on apartment buildings, which earned strong returns whether the economy was performing well or not."
"It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset that JPMorgan acquired in the auction."
https://finance.yahoo.com/news/jpmorgan-builds-apartment-loan-leader-050000982.html
You're harder to understand than AZCowboy. I guess i can't help you and i won't, anymore.
From last September...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172897353
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172897551
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172897820
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172903646
I already explained it to you last September.
In October of 2018 WMIH Corp (WMIH) changed it's name to Mr Cooper Group (COOP). They're one and the same. There is no private WMIH.
https://www.mrcoopergroup.com/press-releases/wmih-corp-completes-reverse-stock-split-and-name-change-to-mr-cooper-group-inc/
Your perception of "GROUP negativity" is simply people calling you out for continuously being wrong; in which you also arrogantly believe that your shit doesn't stink.
Enlighten me.
You're not unable to respond to anything, you're just simply unwilling. The real reason is you're been caught in a string of falsehoods to which you can't talk your way out of without creating more.
This is what Ron posted here on Investorshub.
There is Still $35 Billion Minimum Unaccounted For.
WMI assets; $375 Billion.
$375-$307-$33 =$35 Billion unaccounted for assets of WMI.
WaMu 1031 Exchange?
The numbers always tell us the Story.
IMO;
• WMI/WMIH (XXXX) can remain private and make distributions payments to UQ holders from the released assets. (WMB…).
• or the Parent will produce a private equity event of a public offering to old UQ shareholders only related to these assets. (IPO), one for one.
UQ owns the Parents Debtor’s Estate.
COOP is just a sub of the Parent.
COOP only generates $3 Billion from the 36 million shares.
36Mx $85= $3 Billion.
That’s not enough money to buy WMI assets.
Preferred Class 19 is 2.5X face held safely in Treasury Notes.
The February MOR Retained Earnings and the Court transcript told us.
That satisfies all past interest payments.
Do the math!
Series R is due another 2.1X in performance payments. You don’t need new Preferred shares to receive the Performance payments. (WMI Preferred Funding).
Ron
I didn't miss it. It's complete nonsense which is why it didn't get much traction at all.
Pliss, did you miss his post on Feb 7 2024 at 7:10 pm on BP ?