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Years ago "The Shadow" used to be listened to because " the Shadow knows". With the questions of returns great, small or none, the Underwriters are like the Shadow - they KNOW. And knowing about the bird in the bush, Underwriters refused the Millions in hand for staying class 19. Still hope!
Your choice. The board has still not been honest with the business or dealings in my estimate.
The vote. With the continued lack of forthcoming by those at the board of Mr. Cooper Group involving matters of deceitful and incomplete revelations about what has happened and what may happen, it would be a breath of fresh air if all were voted against on the proxy.
Monies? Many years(!) ago there were some rich players charged with colorable claim. RICH PLAYERS abhore prison. RICH PLAYERS are calculated in their moves. RICH PLAYERS moved to take big money anyway. So the question is - huge monies or not. My concensus is yes.
I am one old timer. Still reading and waiting for a hopeful conclusion while still living. Still believe little jamie and little b.rosen will be rewarded for being the cause of suffering for so many. Sussman a Saint for standing against the wrong. Nate a Hero when all was so desperate.
Remembering the insistence with which Nelson gave his opinion, not once but several times, it would seem that evidence must have been available. Easy to read from hopefulness past, not so easy accepting cold reality of zeros. May the best be.
Still it is believable that if anyone knows of value that could be returned, it would be the folks at S&G. Nelson had to be threatened by judge Mary. Surely Nelson and Steven discussed what fair and resonable was.
Perhaps legal help necessary. Wonder if Nelson and associates at S&G would be interested in pursuing for a percentage of everyone's holdings ? Maybe Mike W. still has a connection?
1/9th of my life ago, there was a small hope that a return from this would be realized. Now with current postings, hope is stirring once more. It would be wonderful recieving just the interest.
My feeling about jpmc are well expressed by this small piece [According to the United Nations' Financial Stability Board, JPMorgan is the largest systemically important financial institution ("SIFI") in the world. That means JPMorgan CEO Jamie Dimon would be Charles Ponzi's hero, if only Ponzi were still alive to bask in his glow.
You see, there's no way any central bank or government in the world will allow a SIFI to fail... They'll find a way to bail them out every time. And in turn, that secures Dimon's vast fortune...
According to FactSet data, Dimon owns about 8 million shares of JPM stock, worth more than $740 million today. Not only is JPM the world's largest SIFI... Dimon is apparently a systemically important banker, his fortune guaranteed by the Federal Reserve.
Now, I'm not accusing JPMorgan or Dimon of fraud at all.
But his and his company's incentives are arguably worse than all the SPACs (not one of which is big enough to warrant a bailout, COVID-19 or not). The fundamentals at JPMorgan probably aren't as wonderful as Wall Street would like you to believe, either.
JPMorgan currently has $3.2 trillion in assets, and its quarterly filings run just over 200 pages. What are the odds anybody on the planet – including Dimon – really understands what the company owns or how much risk it's taking? Probably somewhere between zip and zero, I'd guess.
Given the Fed's ability to print all the money JPMorgan needs to stay afloat, you could argue that Dimon has realized Ponzi's dream of endless easy money... earned without fear of legal retribution or risk of loss.
To the right kind of crook, it's beautiful, man... just freakin' beautiful.]
Feels like ??.
The two Senators news is a surprise. This jig is changing really fast. Wonderment about possibly of collision on massive scale in order to change owners of these rich lands.
How short a hard to borrow except through selling without shares. Telling of the POTUS plans before officially released is curiosity. Desperate. Wild ride next day of trade. Large drop seeking stops.
Northern Dynasty President & CEO Ron Thiessen welcomes Bass Pro Shops founder Johnny Morris’ remarks
Northern Dynasty President & CEO Ron Thiessen welcomes Bass Pro Shops founder Johnny Morris’ remarks
August 17, 2020 Vancouver – Northern Dynasty Minerals Ltd. (TSX: NDM; NYSE American: NAK) ("Northern Dynasty" or the "Company") President & CEO Ron Thiessen spoke out today about comments made by Bass Pro Shops founder, majority owner and CEO Johnny Morris on Fox News Friday evening.
“I’ve heard from Northern Dynasty shareholders, from supporters of the Pebble Project, other domestic producers of US minerals and metals, and from pro-development conservatives from every region of the country over the course of the weekend,” Thiessen said.
“A lot of them were concerned about Mr. Morris’ message, but I see it differently. I want to assure all Americans who value the Bristol Bay region of Alaska for its wilderness and wildlife – particularly its thriving commercial, sport and subsistence fisheries – that we share your values, and are equally committed to the responsible use and sustainable development of America’s natural resources.”
Thiessen said Morris’ on-air recitation of a quote from former US President Theodore Roosevelt resonated with him. Calling Roosevelt the ‘father of US conservation’, Morris said: “There can be no greater issue than that of conservation in this country. We must conserve the soil so that our children shall have land that is more and not less fertile than our fathers worked in. We must conserve the forest not by disuse but by use, making them even more valuable at the same time that we use them. We must conserve the mines.
“Moreover, we must ensure so far as possible the use of certain of our great natural resources for the benefit of the people as a whole.”
Thiessen said Northern Dynasty’s 100%-owned, US-based subsidiary Pebble Limited Partnership (the “Pebble Partnership”) has invested close to US$1 billion at Pebble to advance the proposed development project into and through federal permitting, much of it on environmental studies. He said the Pebble mine concept that initiated federal permitting in 2017, and last month received a favorable final Environmental Impact Statement (“EIS”) from the US Army Corps of Engineers (“USACE”), is the most conservative, environmentally-driven engineering design ever for a major hard rock mine in the United States.
“We’re very proud of the work we’ve done to design an environmentally sound, socially responsible and economically vital project that will fully co-exist with clean water and healthy fish and wildlife populations in Bristol Bay,” he said. “We’re very confident that Pebble will achieve both President Roosevelt’s and Mr. Morris’ vision for ‘use of our great natural resources for the benefit of people as a whole.’”
While welcoming the Bass Pro Shop founder’s views, Thiessen said certain statements made and impressions left by the Fox News segment require clarification, specifically:
that Pebble may harm the Bristol Bay fishery:
Thiessen: “The Bristol Bay region is about the same size as Ohio, 40,000 sq. miles. The commercial fishery is more than 100 miles away as the crow flies, and more 200 river miles away. Even the 230 sq. mile area around Pebble produces less than 1/10th of 1% of Bristol Bay salmon.
“So to suggest a single modern copper mine built to the highest standards in the world could materially affect this fishery is absurd to the extreme. Furthermore, after 2½ years of scientific study, the USACE and the Pebble EIS have determined our project will have ‘no measureable impact’ on any fish population or fishery in the region.”
that Pebble will displace existing fishing jobs and related economic activity:
Thiessen: “Again, the Pebble EIS found just the opposite – that Pebble will fully co-exist with the existing fishing economy, while creating new opportunities for local people. I think that’s precisely what President Roosevelt meant when he said we can make our land even more valuable through use than through disuse.
“It’s also important to recognize that the vast majority of jobs and economic activity generated by the Bristol Bay fishery lasts 6 – 8 weeks each year, and does not benefit local people. The Pebble Partnership has worked extremely hard to ensure that our project will benefit local people, local villages and the Alaska Native cultures of Bristol Bay to the greatest extent possible. Pebble jobs will be stable, year-round, well-paid jobs that prioritize local hire, and benefit generations of Alaskans.”
that conservatives don’t support Pebble:
Thiessen: “To suggest that US business organizations, pro-development conservatives and Republicans want this administration to shut down a project like Pebble that is on the verge of receiving its key federal permit – a project that has the potential to deliver thousands of American jobs, billions of dollars in government revenue and economic activity, while producing minerals like copper, gold, molybdenum, palladium and rhenium that are critical to America’s economic and military security for generations to come – is just absurd.” See https://www.northerndynastyminerals.com/site/assets/files/4845/august_7_2020_-_final.pdf
“There may be a small proportion of the Republican base, elitist sportsmen and anglers, who want to preserve these lands as their own personal playgrounds. We don’t think that group represents a significant proportion of US conservative voters, or even a significant proportion of American sportsmen, quite frankly.”
that President Trump may intercede at Pebble:
Thiessen: “From the very beginning of his administration, President Trump has stressed that permitting and regulatory review processes for major development projects in the U.S. must be objective, timely and science-based. He has taken great strides to eliminate the type of political interference with regulatory decision-making that we saw under the Obama administration – including at Pebble.
“To suggest the President is now inclined to reverse course, to abandon the ‘rule of law’ and politically intercede with regulatory decision-making at Pebble is unfathomable. Not only would his supporters in business, in the State of Alaska, in conservative and Republican circles react with extreme displeasure, such a decision would be extremely damaging for the United States’ reputation as a reliable jurisdiction for investment in job-creating projects and industries.”
About Northern
Jr. needed shares on the cheap. What better way than using social status and tweets. Similar strategy used months ago with a large communication
company and White House giving mixed news.
Not a small item of having worked with Newmont!
Gold and copper are the values the hungry world miners are looking for. Pebble has both in abundance. The right mine at the right time ! GOLD looks to be looking for replacement of assets no longer assessable because of political problems. Alaska is much more politically correct and close at hand.
Article from WIRED.
Alaska, Summer’s Getting Too Hot for the Salmon Run
Bristol Bay is heating up, killing fish as they try to swim upriver to spawn. It’s a harbinger of climate change and hard times for fisheries.
This story originally appeared in High Country News and is part of the Climate Desk collaboration.
Last summer, across southwest Alaska’s Bristol Bay region—home to the largest sockeye salmon fishery in the world—tens of thousands of fish washed up dead along riverbanks. Rivers running at temperatures above the threshold for salmon health were killing the fish even as record numbers of them were returning from the ocean to reproduce.
On the Ugashik River, a wide, muddy tributary of the bay, salmon schooled near the river’s mouth, hunkered down in the deeper, cooler water, but they refused to swim upstream into the too-warm waterway. Because no salmon were reaching spawning grounds upriver, the state closed commercial fishing on the Ugashik in early July, right at the normal peak of the run.
Unable to wet their nets and unsure when the fishery would reopen, Ugashik fishermen bided their time at seasonal camps, looking on as jumpers pocked the water all day long. “You’re pretty much watching your income go by,” Catie Bursch, a commercial setnetter on the Ugashik, said later. As Bristol Bay fishermen gear up for this year’s salmon season—one beset by fears that Covid-19 could overwhelm this remote region as thousands of seasonal workers from across the world descend on fishing communities with scant medical resources—they must also contend with a slower-moving hazard: the warming temperatures that threaten a $1.5 billion industry and the people it supports.
Every year, millions of salmon return to the Bristol Bay watershed on their annual summer migration to the headwaters where they spawn. This 250-mile-long nook in the Bering Sea is largely undeveloped—an area the size of Iceland, riddled with lakes, streams and wetlands that provide some of the planet’s best habitat for anadromous fish.
The Ugashik is a muddy world, where fishermen slog through knee-deep muck to secure nets along the edge of the river at low tide. A single net can yield thousands of pounds of salmon, which fishermen pick by hand from small open skiffs and then deliver to buyers on tenders anchored downstream. Some of the Ugashik setnetters have fished here each summer for decades, living in plywood bunkhouses in a dozen or so camps, bathing in handmade saunas, and riding four-wheelers into Pilot Point, a village of fewer than 100 residents, where milk costs $20 per gallon.
Bristol Bay, which produces nearly half of the global sockeye harvest, has been called “America’s fish basket.” The salmon season passes quickly, with many fishermen making their annual living in five exhausting weeks.
In addition to being the region’s economic driver, salmon represent a primary food source for the residents in remote towns and villages, most of whom are Yup’ik, Dena’ina, and Alutiiq. Each summer, Mark Kosbruk, an Alutiiq setnet fisherman on the Ugashik, puts up about 200 fish—canned, smoked, dried, salted—for home use. Last summer’s closure was “nerve-wracking,” Kosbruk told me recently. Dogged by the concern that he might not get to fish at all, Kosbruk fixed everything he could around his camp, topped off all of his engines with oil, then waited.
The state stipulates that water temperature must not exceed 59 degrees Fahrenheit in order for salmon to stay healthy during upstream migration. Last summer, however, river temperatures in Bristol Bay reached 76 degrees. That spells problems for the fish: When salmon can’t avoid warm water, they can sicken or die. Warm water adds stress at a time when fish are already tackling the herculean task of returning to headwater lakes and streams to spawn, making them more susceptible to diseases and speeding up their already-taxed metabolisms. Something like a heart attack can follow: Warm water holds less oxygen than cooler water, but at higher temperatures, salmon actually need more oxygen to survive. Under those conditions, their hearts can’t pump blood fast enough to support their brains and bodies.
ARTICLE :
Behind the scenes, Pebble leaned on Dunleavy, pleading for its survival
February 19, 2020 by Liz Ruskin, Alaska Public Media
Pebble CEO Tom Collier, left, was the only witness for the mine at a U.S. House hearing last year. (Liz Ruskin/Alaska Public Media)
Publicly, Pebble CEO Tom Collier always radiates confidence about the proposed mine and about the viability of the company, even when partner after partner has backed out.
“If you believe it’s not viable, let’s all go home,” Collier scoffed at a congressional hearing last year. “But the project is financially viable. We’ve invested almost $1 billion in this project to get it where it is now. We’re going to be able to build it, and it’s going to make money as we go forward.”
But in a July 17 email to the governor’s office, Collier struck a less confident note, pleading for help and suggesting the company’s “survival” was at stake.
That’s one of the episodes revealed in documents from the governor’s office, obtained through a public records request. The records are a peek behind the scenes at one Alaska’s most controversial projects. They show how Pebble leaned on Gov. Mike Dunleavy to help the company woo an investor. And they show that a letter from mine opponents packed a punch.
Pebble has applied for a federal wetlands permit, and a ruling is expected this fall. If the permit is granted, Pebble would need state permits. And it’s clear from its financial reports, Pebble is going to need a lot more money to keep going.
Back in July, Pebble was pinning its hopes on a Canadian firm called Wheaton Precious Metals for a substantial investment. Wheaton executives would visit Alaska later that month, and Collier wanted to show them that his project had the governor’s support. The Pebble CEO planned a dinner for the potential investors at his Anchorage home, prepared by a private chef. A senior advisor to Dunleavy was coming. But Collier felt it wasn’t enough.
Collier emailed Dunleavy advisor Brett Huber, asking that the governor change his out-of-state travel plans. The governor had to meet the Wheaton delegation, Collier wrote. A phone call wouldn’t do it.
“I would not make this request unless it I thought it was absolutely, critically essential,” Collier said in his July 17 email. “This currently is our best option for survival.”
Taryn Kiekow Heimer, an attorney with the Natural Resources Defense Council, saw a copy of the Pebble emails late last year. (CNN obtained them from the governor’s office first, and the network let her read them.) Heimer says she was struck by Pebble’s tone, and how needy Collier sounded.
“It was really interesting to see him admit it,” Heimer said. “Seeing that come through differently, you know, secretly to the governor, really validated what we see when they provide quarterly statements of their financials. What’s really evident is that they desperately need money.”
Pebble declined an interview request for this story. Spokesman Mike Heatwole says the company is on firmer financial footing than it was in July, after raising $20 million by selling stock.
Heimer says she was amazed to see how Pebble pressed the governor for help attracting investment dollars from Wheaton.
“Asking the governor to shill for them, right? It’s extraordinary,” Heimer said. “The governor is giving a sales pitch, on behalf of a foreign mining corporation.”
The governor’s office declined an interview request and refused to say whether Dunleavy complied with Pebble’s request to meet the Wheaton team. But Dunleavy did write a letter to Wheaton encouraging the company to invest, and the emails reveal the letter was written almost entirely by Pebble.
The records from the governor’s office also show what happened right after the Wheaton team visited Alaska. Heimer’s group and other mine opponents wrote Wheaton a 12-page letter, basically warning that if they invest in Pebble, they’ll face never-ending opposition.
The message landed like a bomb.
Within 10 minutes of receiving it, Wheaton CEO Randy Smallwood sent a terse email to the chief executive of Pebble’s parent company.
“Wow. Things don’t stay very secret around our visit,” Smallwood wrote. “Pretty sure a similar package will have been delivered to our directors. Not good.”
Actually, Heimer says, mine opponents got lucky. They’d heard a mining investment company might be interested in Pebble, so they sent letters to about half a dozen firms, including Wheaton
“We papered a bunch of them,” she said. “I never heard back from anybody.”
She did not send the letter to Wheaton’s board of directors, as Smallwood feared. But now Heimer says she knows what to do if she sends a similar letter in the future.
“Hearing what Mr. Smallwood said about that, I will absolutely be sending it to every single senior executive and board director.”
Wheaton has not invested in Pebble and the company isn’t saying if it’s still considering it.
Reporter Nat Herz contributed to this story.
Alaska was acquired for 7.2 million from the Russians. Even today the up side is almost unlimited for Alaska and also for Pebble. A partner for the project (either Alaska itself or corporate) will soon shake things up.
Questions - if nothing returning- WHY did rosen state that retained assets [not to be seen by the examiner] could be pursued by EQUITY at the end if there were no such assets? WHY the out speaking in court by NELSON and the shut down by judge mary if there are no such assets? WHY the change in interest rate from 6.875% for the P preferred by judge mary if there are no such assets? /// Statement on fair and reasonable - the hank paulson did offer around EIGHT DOLLARS per share before the take down.
IF money's are returning then what roadblocks? #1 Time #2 Remaining trust's possible bias against some holders of interests #3 Hedge funds definite dislike for small shareholders.e
The less than truthful rosen had claimed that he was watching out for equity's interests - lie. So maybe the no money thesis was not the whole truth. Attorneys could not be represented by a worse example of woe than rosen.
Article was from " Wired ".
This article was put out there about Alaska. NOT necessarily my personal view.-- How Chaos Will Unfold if Trump Opens the Tongass to Logging
Tongass National Forest is a massive yet fragile treasure—logging and slicing roads into it will set off horrifying effects that will ripple through the ecosystem.
PHOTOGRAPH: CARLOS ROJAS/GETTY IMAGES
The Trump administration this week proposed ending the so-called Roadless Rule, which banned logging, development, and road construction in Alaska’s Tongass, the biggest national forest in the US. If the USDA Forest Service has its way, it would “remove all 9.2 million acres of inventoried roadless acres and would convert 165,000 old-growth acres and 20,000 young-growth acres previously identified as unsuitable timber lands to suitable timber lands.”
If you’re thinking that opening up the Tongass for road-building and logging might have some environmental consequences, it’s actually far worse than you can imagine. Clear-cutting the Tongass, or even just laying down roads, will have hidden yet dire knock-on effects that ripple through this dynamic ecosystem and even spread to rivers and the sea.
When logging removes trees, it doesn’t just assault the biodiversity of the local vegetation. For one, opening up a gash in the forest changes the dynamics of what you leave intact. In this part of the world, it’s usually too wet for the forests to refresh with wildfires, which in places like California clear out brush to make way for new growth. Instead, the Tongass relies on heavy winds to blow over trees, dispensing with the old and making room for the new to grow.
That natural process is supercharged if humans modify the environment. “Once you have a clear cut, then the remaining trees or the edge of the forest becomes much more susceptible to what we think of as windthrow, or wind disturbance,” says Northern Arizona University ecologist Michelle Mack, who studies forests. This exposure also imperils species like moss, which rely on a moist, dark environment to thrive, but are now left to dry out in the wind and sun. You see the same thing happening with deforestation in the Amazon: Leaving islands of rainforest surrounded by farmland doesn’t just trap the animals there—it transforms the dynamics of vegetation at the edges.
Gouging a road through the Tongass will have the same effect, as vegetation on either side struggles to cope with the exposure. And add to that stress the potential to introduce invasive species as the area develops. “One nice thing about most Alaskan forests and tundra is they're relatively resistant to invasion,” says Mack. Roads and clear-cuts, she says, remove some of that protection. Equipment brought in from afar might carry seeds that can take root and out-compete native species, as well as winged insects that can spread even faster in the stressed-out forest.
In a healthy forest like the Tongass, the tree canopy captures rain and snow, a process known as interception. This actually controls the amount of water runoff in the ecosystem, as what’s caught in the canopy evaporates back into the atmosphere. “So when we remove the forest canopy, we remove this protective layer,” says John Pomeroy, a hydrologist at the University of Saskatchewan. “We have much more snow and rain hitting the forest floor—or what was the forest floor.”
With fewer trees the soil can come loose, which all that extra water picks up and washes into rivers, where it either directly kills fish by choking the water with muck or indirectly by cutting off the light for aquatic vegetation like eelgrass, in which fish species breed. From the rivers the sediment flows into lakes and the sea, altering those environments too. “The erosion sometimes can be spectacular,” says Pomeroy. “It can be massive landslides, saturated hill slopes collapsing downstream.”
As these habitats falter, processes hidden underground descend into chaos. Networks of fungi known as mycorrhizae, which form symbiotic relationships with tree roots to move nutrients and water, begin to fragment. “They can even move water uphill,” says Pomeroy. “Once the trees are dead, you lose the whole microbial ecosystem that relies on being under the forest canopy.” Soil chemistry can also change dramatically, as the dynamics between water and trees shift.
In the Tongass, all these complex interactions have developed over centuries. So if you clear-cut a forest, it’s not just going to bounce back in a couple years, fully stocked with all the original organisms acting out their original relationships. “Sure, you can cut a tree and get another tree to grow and it will start to look big after three decades, but it won't begin to function like those old-growth trees for many, many centuries,” says Pomeroy.
Not only are mature forests managing water supplies, they’re managing their local climate as well: A northern forest's surface temperature on a summer day hovers around 70 degrees Fahrenheit, while a clear-cut area is more like 100 degrees. And old-growth forests affect the global climate, too, by capturing CO2and helping save us from this mess we’ve made.
The challenge, says Rick Steiner—who runs the conservation group Oasis Earth, in Anchorage—is that the threat is coming both on a federal level from the Trump administration and on the state level from the governorship of Mike Dunleavy. Dunleavy, according to The Washington Post, has asked Agriculture Secretary Sonny Perdue to exempt Tongass from logging limits. “They see dollar signs in the forest, they don't see trees in the habitat,” says Steiner. “And it's about as bad as it has ever been here in Alaska right now. It's believable.”
Now more than ever, we have to see the forest for the trees, or face ecological doom
Rest easy in that the mine will be built, the President will be elected for a second term, many of the opposite party will be wearing orange jump suits, progress of the World will continue, death and taxes will still be a driving factor for all players.
CTS. SND. no way ! EOM.
It is my belief that China is the one really wanting in the Alaska mining game. China money is probably backing many environmental groups ( disguised as earth loving ). I wonder how China would set up an operation ? Fast, dirty and without concern for anything other than end metal results.
The rosie reminds of a spoiled kid in first school who wishes always have way and is willing on bending facts for benefits. Unfortunately, the probable large funds lurking in the closet's shelves and buried in yards for 11 years, will soon appear in light causing "little rosie" significant stress much like Barry Seal.
The new .30 is now .70 ?
Back to $3.00 in a few months ? With the current in ground values and almost sure permit wonder what Vegas odds are ? < .50 @ 20%, > 1.00 @ 45%, stays @ .80 @ 35% ?
Yes a permit is forthcoming.
WRONG !! People of Alaska will not get hasty. Alaskan's are like regular Americans everywhere, slow to anger and endowed with great intelligence.
President Trump will be re-elected. The Dems. have nothing real in the offering. Pebble will be built and built very well according with the best of standards. Full employment will surround the region. Lots of smiles on the faces of the people. The WORD of the day will be " thank goodness for Pebble".
Must differ with your view. Do loan your shares and make rent money while waiting. Let the shorts glory for the moment. Then at a time least expected, a merger will be broadcast making the shorts desperate.
Pebble is not in the foreign land but the USA. Dam designs will be state of the art and materials the best. Stop associating Pebble with disasters not connected.
" even if Trumf wins, I will be Governor, and my pen is what counts." NO WHAT Counts is a humble regard for the office seeing that any position is future. Another foolish liberal anti-progress fisher-person want-a-be loser dropout wishing that eternal life was yours !
NPR program 1A did a hit piece on Pebble around noon today on radio. Definitely biased. Minion of American University.
Must have missed the .30 opportunity.
The longer this train wreck continues then the higher is the likelyhood that someone will talk about the secrets only the few know. The Father above Knows All indeed. However, the judge as well as the folks behind the closed doors know along with Stephen S. A case of hanging together or hanging one bt one at the end of a wire!
$9.36 seemed a good price for Bray to buy.
Recent Trades:
PRESIDENT & CEO Jesse K Bray bought 52,910 shares of COOP stock on 05/09/2019 at the average price of $9.36. The price of the stock has decreased by 1.28% since.
Recent Trades:
Vice Chairman & CFO Christopher G Marshall bought 110,000 shares of COOP stock on 05/06/2019 at the average price of $9.08. The price of the stock has increased by 1.76% since