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.
LG, could he be referring to Wells Fargo and that is the one that holds trust accounts ?
I know over the years we always referred to the Wells Fargo accounts.
AZ, thoughts on yesterday’s earnings call ?
Transcript below :
https://www.fool.com/earnings/call-transcripts/2024/04/24/mr-cooper-group-coop-q1-2024-earnings-call-transcr/
TIA
It’s amazing that Bologna knows more about this stock than the rest of the analysts and shareholders, combined.
Thanks MB. But how would that impede JPM making its payment for WMB ( and not the 1.9B crap spewed by the resident naysayers) ?
Split T, every morning I check my brokerage account to see if they slyly deposited XXXX shares in our accounts.
Talk about infatuation for XXXX
Pliss why don’t you just say AZ loves XXXX ?
I think you have to read it backwards
AZ, I think all of us are ready
BTS, this was just a clarification on ‘actual value’ ,legacy UQ would receive for a potential 36,000,000 share distribution, at a hypothetical and predetermined pps. Sadly the value is just minuscule.
2221, it’s interesting you say Sunday the 28th, as Hold on BP has the Monday the 29th as one of the potential dates for the overall case.
They would have to have the details by Sunday.
Good luck to all of us
Nobody other than true insiders have those numbers.
But you can use this post for estimates
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174266361
Yes $1.5 per UQ legacy but only for this bucket via new COOP shares.
Please see calculation in post below :
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174276840
Hi AZ, speaking of ‘reasonable’ , what in your personal opinion or SWAG , would you consider ‘reasonable’ for a legacy UQ ?
Just for the record, the $1.5 ish per legacy UQ accomplished with the 36 million COOP new shares, is no way ‘reasonable’.
TIA
Yes $1.5 ish for each legacy UQ , pre 2012 reorg
Lets say somebody had 500,000 original UQ shares.
After the 2012 reorg, that was reverse split into
500, 000 * 0.03 = 15,000 WMIH commons
(Same conversion used in a potential transaction
1,200,000,000 total UQ released commons * 0.03 = 36,000,000 shares)
So presuming you get new COOP shares matching the above share count and COOP pps is say $50, total new value = 15,000 * $ 50 = $750,000
But when you consider your original count of UQ was 500,000 then value per UQ ( not per WMIH) is
$750,000 / 500,000 = $1.5 per UQ
Hi AZ, some folks are being asked to update their beneficiary info within their profiles by their brokers. Timing is uncanny. Seems we are very very close. Also Gorilla XXXX may want to feast on all the available cheese asap.
GLTA
Its 28 days after April fool, so that does not work either.
But the first week of May could be a setup for some good news.
GLTA
Thanks. Could you hint on how ‘good’ please ?
Gorilla XXXX only paid for 1 pound of cheese after getting almost 300 pounds of cheese, free.
Later Gorilla XXXX realized eating 300 pounds of free cheese could cause lactose intolerance and took 15 years to consume it and pay for it.
Picky, You mean AZ talks to himself pretending DL is standing next him ?
JB, I think he shared enough info even for anybody with 1/4th of a brain, to put 2 and 2 together and predict/speculate a potential future event/events.
IMO there is no new actor. It’s the same old actors who have always been here.
Sensing a positive event soon for all of us who have waited for 15.5 years for a meaningful return on their investment.
GLTA
Don’t JPM and COOP send mortgages for servicing back and forth ?
Isn’t JPM servicing AZ’s bonds ?
So they are related in some way ?
Why are you sooooo concerned ?
Uncle Sodas,
Here is a picture of cash flow
WAMU > Some Banks > Uncle Sodas, Picky etc
I think there was confusion between the rat and the elephant.
BTS, please think, what was the need to move it by 10 days if there was a whole year for closure ? And why did JD publish his shareholder letter on ‘eclipse day’ right in the middle of those 10 days ?
Picky, I like this post of yours ( cannot believe I just said that ). You only need to be right ‘once’. I feel XXXX needs this more than us.
LG, the 1 for 12 r/s for COOP affected all COOP holders, both legacy UQ, legacy PQ , legacy KQ etc
My PQ which were converted to COOP were affected by the COOP reverse split.
Which preferreds are we taking about ?
If you meant the 1 for 12 r/s was less of an impact than the forward split the preferred’s experienced (19.8 for 1) in 2012 as part of the reorg, then I understand the impact was 0 as they would cancel the impact.
1.They moved deadline from 14th to 4th (by 10 days, AFTER WASTING years on this)
2.So they were expecting something before the 14th
3.JD publishes shareholder letter on ‘eclipse day’
4. Parties settling like falling pins
5. Based on the above, news in the next few days.
6. Bop using the word ‘shortly’ and AZ sating ‘soon’.
GLTA including naysayers.
FWIW
Picky, remember my Ferrari example.
No need to worry about XXXX
Uncle Sodas, it’s about time you stop reading 10 year old links in circa 2024 and start celebrating.
Did Uncle Sodas send the invitation for the Malibu party already ?
Payday is almost here. I am guessing he will send via snail mail, that sometimes gets delayed.
Bban
1 for 12 RS was for COOP ( all converted legacy went through this)
Did you actually mean the 1 for 30 ish r/s common UQ went through in 2012 ?
‘Zoom Zoom’ already knows that you cannot walk into a Ferrari showroom and walk out with just the tires and steering wheel, like Picky thinks, he could. You need to buy the whole car.
Here is a summary of what AZ posts in simple English
* AZ made a lot of money in COOP riding it from $5 ish to $50 ish
* AZ feels, no 75/25 to the end, as 75/25 was restricted to the LT, which is now done.
* AZ feels, the estate belongs to the legacy commons
* AZ made some coin on his WMB bonds
* AZ feels some folks drank kool-aid flavored coffee and are still not able to think clearly
* AZ is eagerly waiting for XXXX , his preferred’s , his commons and bond payments ‘soon’
* AZ only has 6,000 + posts but Bban has 36,000 + posts
WRONG WRONG WRONG ok
But Lodas is on this board 24/7. But no money, no money , no money
Eh ?
Something stinks..
True JB. Bigger question is why did JD release the shareholder letter on ‘eclipse day’ ?
Somebody knows something !!!
On a humorous note, since you brought up a third grader, a third grader would say 19 comes before 22 on the number line, so I want 19. One does not need to be a UW for this math problem.
DBD, I wasn’t expecting WAMU or WMI to be listed in the doc.The key thing is lots of big changes in MBS and our stuff could be slipped in as part of these big changes, under the radar. That’s all.
Could you please make one more ‘prediction’ on the pps of the new preferred shares ?
That’s the key thing that will make all of us happy.
TIA