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JHD, January options were expiring today which could also be a reason for the price fluctuation in COOP.
Very misleading statement and you know it. The subject was escrow markers being removed from our accounts and they were removed.
But it's all stored in the secret historical vault right?
Everyone's escrow markers were removed in February of 2022. This nonsense has been said before; just because you can pull an old statement in your account before February of 2022 does not mean you still have escrow markers.
Very nice JHD! I've added to my COOP position over the years and did add some in 2020, but the lowest I got was in the mid 5's. Nice pickup to get it in the 4's. I'll be honest, I was nervous adding at that point when the market was crashing, but obviously now it was a good decision. Congrats!
Based on this quote from the Q3 call in 2021, it sounds like they are using them:
"But as you know from our sizable DTA, we're not currently paying federal taxes." -- Chris Marshall, Vice Chairman, President, and Chief Financial Officer
CWG,
The NOLs were converted to DTAs and according to one of the calls in 2021, they are using those DTAs. See post 680468.
Pick, I believe it was in the Q1 or Q2 calls of 2021 when they stated the NOLs were converted to DTAs.
Lodas, I certainly haven't made a ton of money, but I have made money thanks to your options posts. Never did anything with options until I started paying attention to your posts last year. I've been mostly selling covered calls and just recently sold 20 contracts at strike price of 60 which expired last Friday and I got to keep all the premium. It's nice to make some money on the side while holding my long position. I did have my shares called away once, but then I sold a put and got the shares back at a lower price ..... so made money there too. Thanks for sharing your options strategy.
So true. When someone says "GURU", I know exactly who that is :)
Couldn't agree more!
The narrative has changed quite a few times over the years and now the posts are about cars and vacations? Oh man.
BBANBOB, follow up to your previous question.
I signed timely releases, got shares in the new company and also escrow markers. Those escrows were removed from my account in February, so what asset are you asking if I'd give up for 1 cent per?
Agree 100%
If you are referring to shares in the new company, I've mentioned that plenty. I still own those shares and have added over the years making it a pretty good investment. I've mentioned this before as well.
But how the current company is doing is rarely discussed on this board. Too bad one has to wade through a bunch of nonsense fantasy posts to read anything about COOP on the COOP board.
Exactly! This line of thinking is pure garbage and is as old as the posts that are being referred to as "due diligence".
I signed my releases and was given escrows ...... escrows that are now gone.
Yeah, just a few more months. Except, in a few more months when nothing happens, a new timeline will emerge. Yawn.
I've been watching ...... for years and the only thing that happened is escrows were removed from my account.
I think we are way past ripe and it is rotten now.
UpTickMeASAP, I was both shocked and saddened when I read your post that we had lost dear Desperate Unicorn.
But as I continued to see others post that billions are coming very soon, I thought maybe you were wrong.
I mistakenly missed the end of your post that he will be with us until 2039. Good ole Desperate Unicorn, he certainly is a resilient creature.
The movement of COOP is definitely frustrating. I just held all my shares for years but finally started flipping some to make money while the price seems stuck.
Thanks to lodas, I looked into options and have been selling covered calls and if my shares gets called away, I just start selling puts to get my shares back cheaper when they push the price down. If they don't push the price low enough to get my shares back, I still keep the premium on the puts and I'll sell more puts the next week. At least I'm making a little money while waiting for the longer term investment.
Escrows were the proof for so many years that something would be returned to equity. Some even suggested they could never be removed. But they are gone.
Now we are going with BK remote assets are a possibility?
Sorry, I'm not convinced.
Those who wish to believe that theory, well, that's their choice. But my original point is that those of who don't believe in these continuous "something is coming" theories shouldn't be lumped into a category of not signing releases. That's pure garbage.
I'll continue to check in on this board for COOP related info while wading through the constant "money is coming" posts.
The line of thinking that "if you don't believe, you didn't sign releases" is so flawed.
I held shares before the bankruptcy, signed my releases and had "escrows" in my account for years. I hoped something would be distributed, but after they were removed from my account, I've accepted the fact that isn't happening. Why the theories about money coming back continue on this board ..... I certainly can't explain it.
But I signed my releases and I no longer believe so that blanket statement certainly doesn't apply to me and I'm assuming plenty of others who don't post very often.
Usually the next response is "If you don't believe, why are you still here?". The answer to that question is that this is the COOP board and I own COOP shares. My COOP shares have turned out to be a pretty good investment, especially since I've added to it over the years.
It is what it is.
Lodas,
I've been reading up on options, but certainly not comfortable enough to make any actual trades yet. I did notice Jan '24 being 28 this morning, so that was definitely a chance to make some quick money.
Thanks for the options posts to us beginners; I enjoy reading them.
Keep 'em coming :)
Lodas, I completely agree. I signed my releases, hoped for the best regarding escrows, and now they have been removed from my account. I no longer believe escrows are getting anything but I see it posted over and over to non-believers - "Why are you still here?"
I still own COOP; that's why I'm here. I'm interested in the developments of COOP and this is the COOP board.
The number of escrow posts seems to have gone up since they were removed from our accounts. Mind boggling.
I thought they stated in the 2021 Q1 and Q2 calls that the NOLs were converted to DTAs.
And based on the below quote from 2021 Q3 call, I was under the impression they were using those DTAs:
"But as you know from our sizable DTA, we're not currently paying federal taxes." -- Chris Marshall, Vice Chairman, President, and Chief Financial Officer
Over the years, I've heard so many argue that something is coming and proof is because we still have escrows markers in our accounts.
Now they are gone and if you believe they are worthless, the offer is to transfer the non-existing escrow markers from the secret historical vault to the believer? Classic!
Maybe there are notaries out there that would sign off on some nonsense like that. But since you made a believer out of me, I'm not going to seek them out. I'm keeping my markers that I don't have anymore.
I do not believe my escrows are worth anything. Why? Because they are no longer in my account.
So the offer on the table is to transfer them to a believer? Transfer what? I don't have anything to transfer.
I've seen this offer thrown out over the years and it made a little more sense back then than it does now.
Back to watching COOP......
JWW has explained why he posts similar information often and it makes complete sense to me.
Anyone coming to this board for COOP related info will have a hard time finding it because they have to wade through so many escrow posts.
He tries to keep COOP related posts from falling off the first page of this board and I for one appreciate it.
I have kept my shares this whole time and enjoy coming to this board a few times a week and quickly reading JWW's posts for COOP related info.
Thanks JWW!
JWW, I like to check in a few times a week and know I can quickly click on your posts for information related to COOP.
Your reasoning for posting often makes total sense to me; COOP related posts would never be on page 1 of this board if you didn't.
Thanks for the charts, earnings call summaries, and other COOP related posts.
Take care.
Very interesting. Thanks JWW!
JWW, I appreciate your COOP related information and hope you continue to post. I don't read this board as much as I used to, but when I do, I know I can click on your posts for non-escrow information.
Yep, thanks. Appreciate the info.
BBANBOB, thanks for the info. I looked around on Fidelity and couldn't find any info and also went to NASDAQ's website and downloaded the Global Select list and didn't see COOP on there.
https://www.nasdaq.com/screening/companies-by-industry.aspx?exchange=NASDAQ&market=NGS
I guess the list could be out of date.
I agree that if COOP is on the GS exchange now, it doesn't seem to be helping :)
JWW, wasn't there talks of uplisting to the Global Select Market? Not that manipulation couldn't continue on a different exchange, but was just wondering if you've heard any updates on that.
Thanks.
Where did the 100M come from?
You said industry standard is 1 to 2% in post 502616.
He did the math using your figures and 2 million is 2% of 100 million, not "BILLIONS".
Correct. Above $1 for 10 consecutive days.
Pumping this stock on a message board doesn't change anything either. Price still falling.
You are welcome.
But to clarify, it states 180 days which is 6 months, not 9 months. And based on the second paragraph, they'd only grant an additional 180 days (12 months total) if a company plans to comply by executing a reverse split. Hopefully we don't get to that point.
From the NASDAQ website:
If a company trades for 30 consecutive business days below the $1.00 minimum closing bid price requirement, Nasdaq will send a deficiency notice to the company, advising that it has been afforded a "compliance period" of 180 calendar days to regain compliance with the applicable requirements.
A company listed on the Nasdaq Capital Market may be eligible for an additional 180-day compliance period if it meets the market value of publicly held shares requirement for continued listing, all other initial inclusion requirements for the Capital Market, except for the bid price requirement, and provides written notice that it intends to regain compliance with the bid price requirement during the second 180-day compliance period, by effecting a reverse stock split if necessary.
It was actually around 4 million during normal hours and another 3 million after hours. I was interested to see what things would be like this morning, but nothing interesting so far today.
Just adding to Reiko's answer.
I've worked for a company that gave restricted stock awards. I did not have to pay anything; they were part of the compensation package. When they are granted, there is usually a vesting period. For example, 1/3 vests after 1 year, 1/3 vests after 2 years, and 1/3 vests after 3 years. You do not actually own the stock until after they vest. So it's not a "Long Term" capital gain until after it vests and then you hold it one year. You'd have to hold each set for 1 year after they vest. The timer doesn't start when they are granted; it starts when they vest.
I don't think the stock is being brought down for these grants to be worth more later. I'm sure last year the grants were awarded when the stock was higher. And next year the grants will happen around the same time at whatever price the stock is.
Here's a couple more with a reference to 12/5:
Post #468173 and #468131