Democracy starts with you, tag your it! ...Thom Hartman
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OK thanks Sidedraght for the PM, and thanks TradeIn, I'll try. Thx
I've got an IMAC, and I screen shotted the smallest version I could. Im thinking there's gotta be a way to convert the file somehow that can be extracted later, or maybe I can change iPhone camera to take a lesser quality photo?
I know Apple can be simplistic compared to Android.
I tried about 20 free companies yesterday. My file was too large. I'm just gonna have to suck it up and pay for a larger capacity. Not a big deal, but I'm just stubborn about things I feel I should be able to figure out. Computers just aint my thing
Az has posted a few times about the IRS 90% rule. From years ago research I know this to be true. WMI and WMIIC are discharged from BK. I cant fathom what else stands in the way. The REITs can no longer legally hold onto the money that whose who released, are due.
Keep in mind, this is important...of the 40 registered security ISIN numbers that WMIH CORP (not COOP) owns that are "ACTIVE" and "FULLY CORROBORATED" per the DTC, from my homework (that I'm still trying to upload here) half would be liquidated or matured into cash plus interest over some portion of the last ten years during the BK, and the other half are still ongoing cash producing securities.
This is a 2 fold return: 1 Part as accumulated cash, and 1 Part future and Ongoing investment. This jives exactly with how my escrow positions are held at Schwab...... 1 Part in Cash account, and 1 Part in Bonds account. Hand meets Glove. Its makes perfect sense.
I think the problem is I'm trying to take a pic with my iPhone and the resolution ends up being too large to upload.
I tried that but the free ones are limited to the size you can upload. I might just have to pay for an upgraded package just to get a URL for the screen shot.
Weird, that I could post the first one....and not the other 2
Thx AZ. I went through all 40 of those WMIH CORP ISIN security numbers. About half Matured or Liquidated after being converted to "WMIH" bonds.
I took a screen shot of them all researched, but I cant post it as I think the resolution of my phone is too high. Gonna keep trying....
Keep reading. What is the STATUS? "ACTIVE" and " FULLY CORROBORATED" as double checked by me at the DTC
Those are a list of events. The "Lapsed" was prior to the occurrence of the last update was 07-21-2020.
Top of the list, most relevant "STATUS" is.....ACTIVE
Nothing to worry about.
Its irrefutable. plain as day. verified by DTC. I've posted the exact links. Anyone can read and study it.
Bottom line? WMIH CORP is proven to be the parent holding company and is 'just' trading as COOP. WMIH CORP has 40 verified securities with corresponding ISIN numbers that show ongoing securities as they've existed since before 2008, or lliquated or matured versions of these securities that were converted to bonds just prior, during the bankruptcy. These ISIN numbers are DTC listed as "ACTIVE" and "FULLY CORROBORATED" as belonging to the LEI security holder number belonging to WMIH CORP. COOP has no LEI number, and files with the SEC. If you released, Escrow marker cusips represent your interests as a percentage in various WMIH CORP (legacy WMI) securities as evidenced by their DTC listing as ACTIVE and FULLY CORROBORATED.
I'm happy to see COOP fly, but its a distraction. As AZ has explained why, these investments have to pay up now by year end.
It cant be hidden any longer
All these WMIH CORP trading as COOP, DTC "active" and "Fully Corroboroated" ISIN NUMBERS all start with the numbers 939.....
Remind you of something? Same first 3 as my P escrow markers, which reside in my Schwab Bonds holdings. Maybe proof of my percentage share of any 939xxx ISIN number holdings representing ISIN securities still active going forward?
Commons escrows also 939xxx, and live on my cash and stocks page at schwab and state for future payment. Maybe proof of my percentage share of any 939xxx ISIN Number holdings representing WMIH CORP ISIN securities, that were shown to be converted to bonds, and that now are shown to be either Liquidated (LIQd) or Matured (MATd)
regarding some of the WMIH CORP ISIN codes where no info is found, and wy I think these are still active and performing securities, is because every single other ISIN Number that Matured or Liquidated has one other tidbit of information...
...and that tidbit states those few ISIN codes such as US939322AG85 were "Exchanged For Bonds" and then it lists the bond such as "WMIH 5.625 01/15/07 MATd" Matured
One "Exchanged for Bonds" WMIH CORP trading as COOP ISIN NUMBER also has the letters "FRN" before Matured? Indicating an international security?
Interesting stuff....
Some of the "Exchanged for Bonds" dates go out to 2041
thanks! you're not gonna believe what I'm finding so far researching WMIH Corp's ACTIVE 40 (forty) ISIN numbers, listed on their holding company LEI identification number. That is 40 separate securitiy identifiers. Specifically, ISIN number represents
I'll post when finished with all of them, but I'm finding a large portion of these ISIN number were "Exchanged for Bonds" and then it lists the bond it became (ie WMIH 8.2508/15/06 LIQd (Liquidated)).
Many fo these ISIN security numbers registered to WMIH CORP the holding company of Mr Cooper Group, that were also "Exchanged for Bonds" of various names..so far....are all stating MATd (Matured).
A significant amount of the ISIN numbers for WMIH CORP have "No Info". Since only MATd (Matured) and LIQd (Liquidated) seem to be recorded...might it be possible that these "no info" ISIN numbers still reflect the original securities functioning in safe harbor...ie winding down? I think so. Otherwise, the would show liquidated or matured. There is no other explanation for an "ACTIVE" ISIN security tracking number owned by WMIH CORP, the holding company, merely name changed to Mr Cooper Group.
I'm halfway through the list. I post if anything changes.
But holy moly, WMIH CORP is alive and well, is the holding company for MR COOPER, and.....and... still holding its legacy securities..or for the time being....still holding title ,by ISIN Numbers, to their ORIGINAL WMI safe harbored interests.
Get this..... One ISIN Number owned by WMIH CORP, is the MR COOPER (COOP) common shares. MR Cooper is truly not the parent. It is WMIH CORP.
Smoking Gun, for real!
Hi AZ, going back to an old post. I was exploring WMIH Corp as parent and name changed only to Mr Cooper today. I looked up the LEI number for WMIH corp, and it is indeed still an active holding company entity! The file last updated as of 7/21/2020. WMIH corp still exists as the parent corp, and the additional proof beyond that, is that MR. Cooper Group doesn't have an LEI number of its own ! https://lei.report/LEI/549300KD8C6DPXYC2M26
"LEI, or Legal Entity Identifier, is a unique identifier for legal entities or structures including companies, charities and trusts. The Legal Entity Identifier (LEI) is a 20-character, alpha-numeric code, to uniquely identify legally distinct entities that engage in financial transactions."
Also interesting is to then scroll down (on the above link about the LEI report), and click on WMIH Corp's LOU number or Global Managing Member, and you see that WMIH CORPs "Active Status" global LOU number is the DTC entity GMEI Utility, and it also verifies WMIH Corp as an "ACTIVE" status, with validation sources listed as "FULLY CORROBORATED". https://www.gmeiutility.org/actions/RecordDetails/viewRecordDetails/355551373075292745
Further, going back to WMIH CORPs LEI number page in first link, there are 40 active international ISIN CODES.
" International Securities Identification Numbering (ISIN) system codes all sorts of securities with unique identification numbers. ISIN codes have a total of 12 characters consisting of both letters and numbers. These include the country in which the issuing company is headquartered (first two digits), along with a number specific to the security (middle nine digits), and a final character, which acts as a check."
I'm sure this is not news to you, but for my first time I can actually SEE what you've been saying for years. Wow! WMIH Corp truly is the parent, and why it obviously doesn't need to report as its registrant MR COOPER does, to the SEC
These 40 WMIH CORP ISIN codes will be fun to follow and see where they point. Most likely to the REIT security investments you've described.
Further, I'm guessing my personal escrow markers should be able to trace back to ownership of some portion of one or more of these ISINs.
ha, yes. im speechless. something appears to be coming up
Yep. Exactly!
That’s a really great point about not needing to file for capital gain/loss after NSM. Hadn’t thought of that, but it’s pretty clear why and jives with what you’ve said all along
The LT is gone. Dead as a doornail
Good stuff happening here lately!
Yep, ain’t that the truth!
Hi AZ! I was thinking about the recent squeeze on mortgage servicers during this Covid hardship. Considering what you just posted, I wonder if COOP is feeling any external financial pressures to access or finally "claim" these debentures, to help them get thru this mess - as they are a non-bank servicer without the deeper pockets a bank servicer would have.
Of course we know they 'can have' access to their own deeper pockets, if they 'choose' to Tell, or claim it. And until they do, it just sits in purgatory and noone gets to use it at the moment. It's like a circular firing squad. Their hate and vitriol for retail so far has led them to step over a hundred dollar bill, to pick up nothing.....to the detriment of all parties who wait together...
It now makes me wonder if there is enough need for COOP as servicer during these times, that they'd be incentivized to "Tell" us. Could this crisis be enough to finally force their hand, or seek other outside debt and continue to give everyone the finger..
Do you think they are waiting to wind down the whole enchilada and convert to cash? Basically get every ABS trust wound down to < 10%, to where its all been exchanged for cash over time, or at less than 10% the trust assets can be bought out or repackaged?
Maybe COOP will get nothing to servicee of old legacy WMI ABS trusts....
“Contemplated by the plan.”....as in a Freudian slip meaning ‘contemplated by the WMILT’s ‘plan’ to mislead people.
Just imagine you’re talking to the ‘Tiger King’ .....
Ha! yep, me thinks the same. Especially after today's shiny new-ish ID in staunch defense of the stench....aka stinky stew!
and now, throw in the updated WMILT FACTS. Why update now that the LT is no longer relevant. Must be some professional liability on the line when some are soon to find out they were duped into not releasing. Reminds me of someone's need to leave the last written word for posterity - ala 'I did my job'.
Its really clever how the WMILT was used to play this bankruptcy as if it was Chapter 7 liquidation...in other words, there is nothing left in the LT and nothing therefore left for you who released. Instead the WMILT was just a dog whistle to follow their bouncing ball.
This was Chapter 11 Reorganization. Which literally means that there are 'things' left to reunite with after the end of bankruptcy. Tracking Markers are still here and valid, and not there for no reason. And you were right....haha, the LT cant friggin cancel them.
I'm sticking around, as the best is soon to come. Hope you and yours are well AZ! We've been snowboarding in AK as long as we could, until they shut us down. Cant even get to the surf either now that the Rez is closed. Guess a lot of honey-dos, will finally get done.
Bill
Kosturos is a tool
As the two bankruptcies have now ended in Q1 2020, I'm guessing that WMIH-Corp the parent corp of MrCooper would have to be recognized and finalized in the upcoming Q1 SEC quarterly report.
Seems like there is no other SEC excuse to postpone officially recognizing and welcoming the once bankrupt parent WMIH back into the fold, with everything legacy it can then (and is probably starting now) beginning to reunite with.
Recognition of the parent WMI now WMIH-Corp legacy and BK remote interests, should mean by default, the incidental recognition, or finally our personal observation, of what our released ownership cusips really amount to.
Seems like end of April, for a Q1 is the latest these guys can continue to keep us at arms length and in the dark.
haha, ok adios
Haha, ya right..
The Equity Comittee recommended you release, not the trust. The WMILT is a bunch shills shamefully representing that nothing is coming back outside the trust.
2008 OCC doc says WMBfsb merged with CUSA. Aka Chase
Wow! If the transitional accounts...are the present tense class specific escrow escrow cusips - then does that mean our individual money has been in purgatory (between heaven and hell) between the debtors bankruptcy and me for example, ever since 2012?
So if I understand this correctly, this really was hidden in plain sight. Neither the debtor has it, nor did I, a’s it was held in the middle by my broker to manage until given the green light to release it to me?
Or by WMI having 4 banks, is the released returns been in purgatory in one pot, managed by someone/bank, which is then waiting on the legal green light to disperse to us?
I understand if you can’t be specific, but this blowing my mind
After 7 or 11 years, one can easily conclude they are compensated issue advocates.
Just like the manipulation of political campaigns on social media platforms, it’s not a far stretch to see why some might make the same investment and daily effort for huge piles of bankruptcy remote cash.
Yes! This is Chapter 11. This means there is supposed to be sausage in the cellar. Only certain assets are needed for liabilities haircuts. Debtor only required to put out just enough (as we’ve seen) in the kitty for re-org bills and ‘lawyer chow’. KMart wasn’t a Chapter 7 liquidation either....assets were there to retrieve. As we’ve all seen. WMI is no different.
It’s been kinda funny to watch the years of teeth gnashing by those who don’t get the difference between chapter 11 and 7 liquidation.
Hi Xoom! imo, former WMI now WMIH (owns Mr cooper, trades as COOP) cash/assets outside chapter 11 are far greater than everything that is in the Mr Cooper box we/WMIH bought.
Imo, there will be some corporate event coming to fair and reasonably designate this ownership by percentage of for those who released. Specifically buying COOP, and I have thousands, doesn’t specifically grant me ownership of the other legacy WMI assets that I chose to grant releases to receive after the ending of both bankruptcies.
Coop will ride the coattails of this coming WMIH corporate event, but will not be the primary beneficiary of what those who released, are in line to receive.
They want everyone to give up and sell out cheap.
AZ, quote "A purchase of a “COOP” share today’ ... will not be treated in the same manner by the Parent Corporation as a Plan 7 released share received in 2012’ associated with the reorganized WMI, or WMI Holdings Corp. ... "
Yes, this is what I was trying to say in my long rambling post. Yours is so much better here.
My broker has always said the markers can't be removed and only be redeemed by a corporate event from WMIH - which is now soon to come, imo, as both BK cases are officially closed.
AZ quote "... I gotta go' for now ... but think about that separation of "ownership" for a bit' ...
Well, I'm thinking about an imminent corporate event from WMIH the Holding Company (re-org'd WMI), to exchange old holding company WMI interests, for new holding company WMIH interests...........via escrow tracking markers for those who released. : )
HLCE