Democracy starts with you, tag your it! ...Thom Hartman
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Yes, read your release you signed
Because it’s DOA. If it was alive, her cheerleaders would be pumping the results hourly in the waning moments of 2020. They will play along while they can, to add to FUD with COOP
thankfully having to argue with bots over legacy WMI ends in 2020
Why is it dangerous for them? If you manipulate retail to take a lemming leap out of any returns, what recourse do they really have?
Track down anonymous internet IDs and sue them? with what money? It could happen, but the odds of them actually getting caught and punished are close to nil.
Rather just thank my lucky stars for people like AZ who keep it real and based in fact that I can and have verified...to know who and what is complete and utter BS.
It is pretty clear. And it really 'is what it is'. I really don't care anymore who gets it, or doesnt. I know what I own, and I know its coming.
And it really is shameful what lengths people and business go to, over grudges and money. Retail is hated!
HLCE
Don’t you understand what a ‘mole’ is? Jeez! A mole gains the trust of the people it seeks to stab in the back later. How do you gain the trust of retail? Act like retail, gain their trust, be invited into private messaging and research groups, and then use all that to F’em over later from the shadows.
She'll have better luck suing Starbucks again
Chapter 11 is a get out of jail card for big business. WMI took advantage of it like thousands of others.
Shed those cement shoes, and reorganize around remaining assets. Dump retirement plans, dump enough shareholders, dump debts......
Chapter 11 only require that you claim enough assets to cancel liabilities. You don't have to reveal all the other assets you might own, as they aren't required to settle the liabilities stated.
Chapter 11 is a lather, rinse, repeat scam. I'll never be a common stockholder of most large companies ever again.
That’s interesting.... trading history only starts 12/1/2020
Preferreds are not ahead of commons. The WMILT is done and toast. The bankruptcies are over. There is no hierarchy remaining.
You have separate income issues on different tracks or highways, all running somewhat concurrently. However as the Ks are redeemable and the Ps are convertable......there is prob some strategy to how and when the Preferreds are dealt with for WMI/WMIH now trading as COOP.
Escrow tracking markers still reserve ones % share of temporary withheld income from such during the bankruptcies, so that is not lost to those who release.....but how the Preferreds carry on in the future, is up to some corporate even dictated by WMI/WMIH now trading as COOP, imo
The Capital Trust portfolio has also been slowly decreasing over time I'd think as loans get refi'd, etc., imo
I think the idea of $ .38 is based on real numbers recently, is conservative, and a wise thing to do.
He doesn't mean its a toss up as far as yes they will produce income, or won't....
K's are redeemable, Ps are convertible I think.
The Preferreds are managed by a trustee subsidiary(s), who may not have the same reporting standards as the WMI Cap Trusts trustees. Or might be international based collateral and hard to track from here.
The Preferred Trusts are there and do exist. Just can't be as easily tracked as the base for old Commons can be now within the WMI Cap Trust
imo
I don't have anything close to that, but I will be quite happy with that return. And most of all, the returns coming every quarter for years to come.
That number doesn’t include Q1, Q2. It is a number completely out of context when applying Q3 as an annual number.
hahaha, it finally comes out. Thanks for playing
Thanks AZ for your reply!
Great! Thanks for proving.... that after 10 plus years of WMIH CORP owning the LEI code, that COOP is NOW the TELL as AZ has said all along the past few years.. !!!!!
MR COOPER could NOT administratively take WMIH CORP's DTCC approved LEI code unless the long awaited accounting consolidation by the "Lead Arrangers" was finally in PLAY....ie the TELL. You've proved the TELL, and we all appreciate your misplaced dedication.
Thanks meat for proving to me that COOP, the TELL, is finally moving to update its Accounting !!
Thanks for playing......I enjoyed that one IMMENSELY.
HLCE, AZ is Right!
AZ: "Currently, However' Quickly coming to a change by the LEAD ARRANGERS, as the Accounting is being updated, ... our SEC submissions have merely considered the SEC allowed "Registrant" ... actually its the same one NationStar used, ... LLC ... But Again, that is all about to be changed, now that the WMI Cases are closed' ... "
"The separations between “WMiH and its Subsidiaries” ... and what the SEC allows the company to submit as its financials ... using merely a “Registrant” ... actually, they’ve been using the same “Registrant” that NationStar was using at the time of the “acquisition” ... LLC’ ... simply because WMIH, the Parent Corp., was still under the confines of the BK Court ...
... now that the “Cases” were “Closed” back on 12/20/2019’ and the Court Ordered Requirements have been completed, carried into 2020’ ... Things Are About To Change’ ...
Your DTC Issued ESC Cusips maintain your original connection to “WMIH and its Subsidiaries”
Thx for this.
MR Cooper uses an E - conference call sign up via Q CONF. https://www.qconf.com/conference-call/WMIH/2020-04-30%2016:00:00.0
"In order to join the earnings online meeting, contact Mr. Cooper Group Inc for the information on connecting using web conferencing or bridge number and PIN code"
Even in April 2020, well after the 2018 name change to registrant and trading symbol COOP, the E-Conference Call company describes the registrant MR Cooper Group as:
"WMIH Corp. ("WMIH") is a corporation duly organized and existing under the laws of the State of Delaware. On May 11, 2015, WMIH merged with its parent corporation, WMI Holdings Corp., a Washington corporation ("WMIHC"), with WMIH as the surviving corporation in the merger (the "Merger"). The Merger occurred as part of the reincorporation of WMIHC from the State of Washington to the State of Delaware effective May 11, 2015 (the "Reincorporation Date"). WMIH, formerly known as WMIHC and Washington Mutual, Inc. ("WMI"), is the direct parent of WM Mortgage Reinsurance Company, Inc., a Hawaii corporation ("WMMRC"), and WMI Investment Corp., a Delaware corporation ("WMIIC"). Since emergence from bankruptcy on March 19, 2012 (the "Effective Date"), our business activities consist of operating WMMRC's legacy reinsurance business in runoff mode.
Read more Conference Call
Mr. Cooper Group Inc (WMIH)
Fifth Avenue Plaza, Seattle Washington 98104, United States"
I bought my P's after mid 2010 also, so that'd explain why i didnt get a letter either.
I have no idea why he got this LIBOR settlement letter. Old P preferreds were bonds. Maybe he holds P escrow? My P escrow tracking cusips are stored in my bonds portfolio.
Thanks for sharing AZ. That is a great quotation from the court!
That would be fine with me
They been loose on the filings for over 10 years, playing hiding the sausage with themselves. They don't want a light on it. It's not worth arguing anymore, lol. They're not allowed to accept it.
It is what it is.
LMAO! This doesnt resolve anything. And this could've been typed up by my 7th grader.
- Status right now, shows ACTIVE ENITIY STATUS at GMEI. Registration is Lapsed, which isn't fatal to keeping an LEI number or ACTIVE ENTITY STATUS.
- "the LEI’s legal name is still the outdated one" at this point in time.
- as I stated before, GMEI regs require the new owner must claim the LEI, and nobody else has other than WMIH CORP at this time
- this 'letter' as you typed up... what you wanted us to 'see' here, "based on the information you provided"...
- "we requested GMEI to validate the Legal Name of the LEI and make necessary changes to the LEI as soon as possible."
-WMIH CORP exists right here, right now. all one has to do is look at a real doc, not something a child typed up. https://www.gmeiutility.org/actions/RecordDetails/viewRecordDetails/355551373075292745
I've never seen someone so excited about not making money! Truly doesn't hold any escrow tracking cusips
I tried to buy those first as a single flavor purchase, and got nothing. So I split my purchases into smaller quantities amongst the other flavors
I'm new here, but my observation: I bought a bunch recently. The NQ was instant purchase for full quantity . The KQ took 30 minutes, and came in 4 blocks, and the MQ on a day order could not be purchased.
From prior research elsewhere, there might be a randomness to which flavor is more desirable, based on the underlying asset pool and how quick a pool is/has been paying down. It's possible that a pool at/near complete liquidation, could mean a quicker cash out.......but mayb if JPM is trustee, those flavors are more important to them once liquidated, if they are indeed double dipping while they can. ie, JPM might be creating a false hype over certain flavors
The whole Q label still puzzles me, and makes me think there's still a ways to go on this.
Yo AZ! Super stoked you are here. I bought into 3 of the 4. The MQ were not available at this time. And the KQ took a little time. Id think that WGM would've used the same strategy outline amongst these once banking giants. Considering where they made their money and where it could be protected and isolated from creditors, it seems like a slam dunk eventually.
Time heals, and securitized residuals accumulate, while the old liquidity issues abate through the baptism of bankruptcy.
Thanks for that overview. Appreciated!
PS, I do like the maturity date of 2052, 2054. So if not bought out, that'd be a nice little retirement if I live that long! "Subject to XTRO redemption". Any idea what XTRO stands for?
HA you are correct! Your LEH and my WMI - since 2009 and counting, lol
In my subconscious, I keep linking these 2 bk the same. I am new here, but I know exactly how you all feel I think.
GLTE
Yeah, no kidding! pretty funny to watch the zombies come out of the dark
Thank you sir! Thanks for the welcome
Haha, thanks Doc. Due to the timing and players, I am thinking the same strategy was used to hide residuals. I bought a bunch, so I’m in for the long haul. Nice to see some familiar faces here
umm, lol, nope
Haha, seriously.. if people dont stay focused on actual facts, that can be verified through regulatory authorities, it is easy for others to post endless misleading opinions.
My favorite was rotmeat quoting nobody linkable to prove an opinion counter to regulatory authority, which is and has been linkable multiple times. Reminds me of the time, Catz trotted out an anonymous ID who never posted, and then magically was an executive ABS securitizer who couldn't be verified, to say everything went to JPM. Yah, ok we not thaaaat stupid...
I'm surprised it took 2 days to actually get the group response. Must've needed another stratosphere of strategic authority to craft the rebuttal.
They have to stick to irrelevant data, otherwise they got no game
Thanks so much. That was a great explanation. I only have one other BK experience, and in that one, when they emerged from bankruptcy, the Q was dropped - despite it taking another few years to be eventually be closed by the court.
It was curious, the difference between the two.
What you posted is showing Mr Cooper as registrant ! just like AZ has always said. dba Mr Cooper is the registrant. Thanks for proving my and AZ’s point.
I just posted the DTCC name change rule that if WMIH CORP not a legally distinct enttity from Mr Cooper, DTCC requires that the file name be changed from WMIH Corp to Mr Cooper.... AND. ITS NOT! It’s still WMIH CORP after years of filings since Mr Cooper started trading
I’ll take the DTCC at their word over yours any day
WHY do these still trade as Qs, when the bankruptcy ended many years ago? Just curious.
Does it have to do with the liquidation preference on the managing trusts that collateralize these securities?
Ie, are the collateral assets still in liquidation per prospectus liquidation preference, and therefore still in safe harbored isolation until complete? as indicated by the Q?
Or?
Curious what you think.
Hogwash! Read the DTCC link provided once again. https://www.gmeiutility.org/actions/RecordDetails/viewRecordDetails/355551373075292745#
WMIH CORP "status" is "ACTIVE"
How does the DTCC define an "ACTIVE" status? to quote DTCC (from the link above) when you click the "?" at "Entity Information" for WMIH CORP.
"Entity Status:
Entity Status indicates whether the entity itself is active or inactive.
ACTIVE is assigned to an entity that has independent legal status. Active entities include solvent companies in normal operation, as well as those entities which are in administration, in receivership, or bankrupt, but which still have legal status.
INACTIVE is assigned for entities that no longer have independent legal status as a result of dissolution."
The latest filing by WMIH CORP was JULY 21, 2020. This was not filed by renamed Mr Cooper. It is WMIH CORP's filing.
Your made up quote regarding name change rules is inaccurate per the DTCC also. https://www.gmeiutility.org/frequentlyAskedQuestions.jsp
"HOW SHOULD I INDICATE A LEGAL NAME CHANGE ?"
" * An additional LEI should not be generated. Instead, the existing LEI should be updated to reflect the new legal name using the Renew or Challenge function."
Did you catch that? ....the existing LEI should be updated to reflect the NEW LEGAL NAME... and what name did they renew the existing LEI as...WMIH CORP !!
Not Mr Cooper. If WMIH CORP's LEI became MR COOPER's, than per governing authority DTCC, the existing LEI number has to say MR COOPER....but it doesnt ! They've had years to update the name status to MR COOPER if that was true, but its not. Many filings since the name change haven't changed the name with the DTCC per regulation.
WMIH CORP. LEGAL ENTITY. LEGAL NAME. ACTIVE. FULLY CORROBORATED. Linked and verified per the DTCC
Ka-BOOM
It was I. Long time WAMU poster. I'm sure bankruptcy remote residual interests reside here as well. Thought I'd finally put some money where my mouth is, in a few places.
You know they never will check with the ultimate authority of the DTCC,lol. Next they will trot out an ostrich as another authority that WHIH CORP isn’t a separate legal entity as defined by the DTCC.
So painfully obvious the group effort to mislead. They really don’t have an answer, other than make believe.
Wow, all these shiny new posters and some dinosaurs as well. All of them trying to find counter evidence that WMIH CORP does not exist by linking every third party source, EXCEPT the actually DTCC link I posted.
The fact you ignore the ONE THING coming from the top at the DTCC, shows your bias. LMFAO.
Maybe you should all email Mike Willingham and ask him? Or Rosen, or the WMILT? LMFAO