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Quote:"YabaDabaDabaDOOOO!!!" LOL
LOL popcorn, INDEED!!..
LOL nothing is written in stone and NO noone can predict the future...
Have a good weekend Bro
Bob sometimes I joke around and maybe I should not do that but sometimes I cannot help it. Thanks for being a good sport!!
Quote: "Stand by old friend, ... I’ll “soon” say goodbye to All’ when the time is right ... and ... ya’all no longer need me ... but not today’ (LOL)"
AZ that will be a sad day, I sincerely hope we meet on another play down the road. Your help has been invaluable.
I agree legal process takes time and these individuals have not been known for being prompt. You just do not wait till the day before to file your claim. I say NON-EVENT.
AZ I agree Rosencrap is not lying he is just not telling the whole truth, there is a difference!! Lawyers know what to say and what not to say. LOL
These people have delayed the process so many times I would not be surprised if nothing happens by October 31. Trust has to be earned....
I have always believed Mr Cooper will not be able to move on until Bankruptcy is close. AS AZ has pointed out The parent corporation of COOP is WMIH and WMIH has unfinished business to take care of....
Quote: "how can Rosen been saying g under oath there is no money no money then oops theirs billions ..lol"
My Brotha Voodoo. They could not filed for Bankruptcy showing all the spoils. I think the Wamu executives outsmarted Demon and Bair and protected those assets legally. IMHO I think AZ is correct having those remote WAMU trusts makes sense and they can distribute that under the radar.
I was also skeptical but I believe hedge funds are not in the business of losing money. They had inside info and even knew about the 4B in cash WAMU had, also they have millions of escrow shares. They stand to lose a pretty penny and their silence speaks volumes to me.
Can they have a backdoor deal, who knows? But there are so many things going wrong here. Their is no clarity, too many blackout documents, FDIC and JPM losing the list of assets, judge ruling without a list of assets, conversation behind close chambers, no transparency, keeping in the dark, WHY???
Also one very important fact. Google WAMU mortgage backed securities and you will find many of them being serviced by different banks. I have seen some of these showed up in court being disputed by mortgage owners as recent as March of 2019. Who the heck are the owners of all those trusts???
Hey Voodoo, lets go back to the basics! Do you really think these players have needed 11 years to manage no money and no assets? I don't believe that for one second. But I will tell you what I believe they needed to keep the bankruptcy open all that time to keep JPM (the goverment bank) afloat nothing else. Mary has just been a puppet and the people above pulling her strings every step of the way.
Look at Lehman they have beaten all the estimates and still paying creditors and now buying their own debt. WAMU and Lehman were HUGE and opportunistic competitors went for the carcass because they knew there was a lot of money involved. Don't be fooled by RosenCrap saying there is no money!!
Of Course Kosturos is the Gate keeper that's why A&M had been billing the estate to manage those safe harbor assets...
AZ I always appreciate your input on this saga even if you make a mistake. Thanks for your help!!
AZ always provides filings to support his ideas. His research is second to none. My common sense says he is right. Everyone has the right to his own opinion but yes you are right there are those that seem to have another agenda. Whatever the outcome is will not change, it was decided years ago. In my own simplistic opinion there are too many hands on the cookie jar and everyone wants their cookie, these guys have been quiet for too long. I think we will do fine.
Actually I trust AZ I have never trusted any information coming from LG or Bbob.... That's a Fact!!
Only read their posts for comic relief
One can always tell who are the people unhappy with their positions, and trying to convince themselves they made the right choices. Others dont even care about the topic just waiting to get paid....
Quote:"It goes to commons only because the disputed claim was related to Class 22 commons hence why only that class will receive those shares. Making something out of nothing as per usual. This is a problem with those who think they know it all when in fact they actually don't....."
Meat
Look at the bright side you will not have to spend your time here anymore after is done
Quote:"The only thing we’re getting is 75k shares cut up between us all...LMAO after 10 plus years OMG
CAN U SAY WE ALL GOT SCREWED???"
AZ, HAVE I TOLD YOU LATELY YOU ARE THE BEST ANALYST ON THIS BOARD!!
Sounds good to me Ron!! Git 'er done...
Thanks, AZ!!
I hear you, "It is what it is" just waiting like you...
By the way you are welcome I hope they pay out those too. It is a gamble Im more than willing to take and a very cheap lottery ticket. Good luck to you my friend.
AZ have you been following lehnq board apparently Lehman is buying its own debt. I think this is good news can you tell me your opinion on that? Thanks!!
you are obviously unaware of the power rich people have and the things that happen everyday under your nose to keep in check the general population. Money is POWER and whoever has it can control a number of situations. Hint: And Im not talking only about the hedgies
WAKE UP AND SMELL THE COFFEE!!
By the way, the only reason we are here is thank to Nate Thoma who had the cojones to fight the system and the judge had no option but to rule in our favor since there was probable cause of insider trading...
In a regular bankruptcy yes almost always commons get wiped out since as you may know they are the last on the waterfall and the top dogs get priority. Usually when everything is sold out there is usually not enough money to reach common holders("the majority ownership"). My problem comes when after common folk get wiped out they find riches they supposely did not know were there.
I am not an expert I would not know exactly how this is gonna play out in terms of distribution. Ask AZ but in my opinion what really counts is the number of escrow shares that you have. Yes they will probably use the 1.2B not 1.7B shares to calculate how much money every common share will get.
Hope this helps!
Yes LP u are absolutely right I don't trust any of these players and I'm also afraid they will have one last play to keep our hands out of the money...
then be happy with your 25% or your 75% or both...
Guys forget about the silly 75%/25% ratio. Im pretty sure everyone will be satisfied with their returns. There was a compromised between both parties but use your brain if all parties accepted a final resolution it must have been beneficial to both parties.....
LP, No but I was expecting the usual suspect with a Halloween prediction but so far nothing. Im very surprised....
==> AZ is right!! <== ==> Ron is Right!!<==
Interesting observation, THanks Ron!!
I can see a lot of butt hurt people tonight, Show me one of my post were I have said commons will get thousands of dollars per share or that I want preferreds not do well....
And Yes commons are the owners of the estate. Its always been that way..
That's sweet AZ I look forward to hearing your analysis...
Hey zeke. hope we get some money soon so you can get out of that situation Good luck to us all....
AZ do you think the judge will dismiss Griffin's tantrum mess before October 31 or will she ruin our chance for distribution this year?
The clock is ticking!!
I don't think that is what's happening I bet most people here have both except a few greedy retailers. I think what people like me do not buy is the idea of preferreds getting $10,000 to $20,000/share.
Im sorry but that is just wishful thinking, LOL!!
Rock on Lodas, I can't wait...
Quote:"Some folks believe that Ps and Ks will be capped at the face value found in their CANCELLED prospectuses and that former common stock Qs will then get all the remaining multiple millions."
No, IMHO or speculative observation is that there was a compromised were neither extreme will happen besides I do not think preferreds will get just face right they will also received backed interest. I do not think commons will get all the spoils but they will get a fair and substantial compensation. I believe AZ, the spoils are class specific.
As everyone knows the problem here is the lack of transparency by the key people involve. We have been kept in the dark for a very long time.
LOL AZ, I am with you what makes sense to me is as you mentioned payments will be class specific.