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Quote: "2020 ... And Now, ... All As Of 12/31/2019’ ... the KKR’ “A” Preferred Conversion, KKR Wand, ... Blackrock, Vanguard, Diamond Hill & Greywolf ..."
Those are a lot of wolves coming for supper....
Thanks AZ for sharing your findings..
Of course you qualify for distribution, your escrow marker information holds how big of a pie you will get independently of the WMIH shares you received and sold.
Quote "AZ if I sold the shares I had received based on my original UQ escrows but still have my UQ escrows would I still qualify to receive the possible $8 per UQ and quarterly distribution amounts discussed by you and MB, appreciate all that you do for this board"
AZ I believe your estimates are extremely conservative. Alpha wolves do not go out to hunt for small meals...
Thanks AZ, you know there has to be something really good behind door #3 when noone has yet complaint about the court process but us retail folk....
But now what is the hold up on the WMB bonds payment??
COOP did a reverse split right after merging with WMIH roughly (1:12)
Quote: "For the thousandth time forward splits and or reverse split do not change the total value of your investment"
Yes you are correct but we are not talking about that though what I am saying is 2,000 shares x $100 is not the same thing as 20,000 shares x $100. Big difference!!
Did you already factor in the 1:12 dilution because if you did then $100/share is Crappola now if you are saying we get $100 after a forward split, AHHHHH that is a whole different ball game
Congrats to PIERS, bonds and dimes Holders I envy you!!
Exciting times ahead not recommended for the faint of heart!!
Actually they do not have to expect anything at all.
FDIC = federal = government = license to do whatever they please...
Quote:"The FDIC are morans if they expect us to believe that they sold assets plus deposits in a total of 495 billion for 1.9 billion."
AZ that would be awesome, Brotha!!
Quote:"In the case of WMI, it is still to be determined whether WMI still retains any economic benefits from SPV's created by WAMU."
We will find out soon enough...
AZ thanks and yes a lot of parroting going on...
investors.mrcoopergroup.com/Cache/402303704.pdf
Type 8-K
Description: Current Event Report: Used to report any material event such as change in control of registrant, purchase or sale of assets, bankruptcy, change of certifying accountant, other events, resignation of directors, financial statements and exhibits, or change in fiscal year.
I do not see any alerts on TD!
LOL!! Quote: "~ LP, Yes, Yes I Do’ But Opinions & Conclusions Are Limited To Subscribers (LOL) ~"
the 23rd is just next week
AZ
Quote:"so what's holding up the holding company?"
Answer: "DUE PROCESS"?
DUE PROCES definition: " the official and proper way of doing things in a legal case : the rule that a legal case must be done in a way that protects the rights of all the people involved. "
Exactly AZ and the sole purpose to having a "Holding Company" is to shield or protect the assets from litigation and/or bankruptcy......
What? If it was for LG we would still be waiting for LTI's or the famous S4V event.... common
LG Help please I was never given an LTI, what's going on??!!
BBooooooooooooooooooooob
Thanks for the update AZ.
That is not what I said as AZ has pointed out many times WMIH is the parent Corporation. Coop cannot move forward until WMIH unresolved issues are finished. I never said escrow payments had anything to do with COOP, you misunderstood the post as usual...
UPDATE!!
I think it should be obvious by now that WMIH business has not been concluded yet even though bankruptcy has closed. Like AZ says there has to be some sort of trigger event to allow COOP to move forward. It has not happened yet but I am hoping it happens soon. That in itself might give us a clue as when to expect an escrow payout. We still need to see WMB bonds and dimes payout as well as the disputed equity shares distribution....
Gold
AZ thank you so much, sorry I missed your message!!
My best guess is if we do not see a distribution for escrow within a month after Kosturos leaves office, we will never see any money at all.
Quote:"My concerns is if one believes that we will get paid in weeks why no any sign of contact to us if it doesn't need to be secret any more and the bk closed things can go either way from the way it look at least. need to move on"
According to 8K after 11 years only PIERS, WMB bonds and Dimes got paid, preferreds will get zilch (NADA) and commons will get less than 100 shares per person. That is not what I signed up for? How could the hedgies be so calm about this?? Inside info or they just really don't care...
Could griffin had just been fighting for a few more common shares? LMAO
Thanks AZ! Quote:"... Currently, a Parent Corporation, ... “WMIH” ... Corporate Action ... is necessary ..."
Is this what we need in order for COOP to move on??
This situation is getting old, I want to get paid!!
Yes, I would not mess around with margin accounts nor options. It is very risky if you do not know what you are doing. BE CAREFUL!!
Why is this PIG not moving? Do we have to wait for WMILT to close up shop too? before we start seeing some progress here?!!
Ahhh thats 2010
FDIC posted an updated version of WAMU balance sheet, now the 13B in liabilities of senior and subordinated debt holders have been reduced to 1.9B for some reason. The 151B in deposit claim remains the same..
https://www.fdic.gov/bank/individual/failed/wamubalsheet.html
Nice to see u still around Don!
That camaro is looking closer each day!
COMPOUND INTEREST ???
Quote: "IMO, FDIC liquidates the WMB assets, therefore JPM must make a cash payment to FDIC-WMI.
$299B plus 11 and 3/12 years of interest for "WMB and it's assets" with a multiplier for "willful misconduct".
The Big Numbers for "WMB and it's assets" are NOT of my creation, nor is "willful misconduct" from 41.6."
HAPPY NEW YEAR MY PEOPLES!!
Thanks for the update Cotton!!
Thanks AZ for your continued support.
Agreed. AZ's help has been monumental!!
Merry Christmas LG!!
None but wondering if there is still any way we could get screwed. I dont trust rich people...