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And F&F and LEH imho will be joining in as well to make it a REALLLLLLLLLLLLLY BIGGGGGGGGGGG DEAL
hit 79.82 earlier
MADB
"" what are they getting ready for and what are they piecing together?""
A HUGE MEGA MULTINATIONAL FINANCIAL CONGLOMERATE
One imho that will DWARF the WAMU of old, as well as many others
And FEW other things as wellllllllllllllllllllllllllllllllllllllllllllllll
As long as you have the SIC CODE, reports/filings can go out on any day
BOX CARS aint a BUZZ KILL at least to me it isn't
Fred
I have said from the get go , THIS THING SETTLES BEFORE IT GOES TO TRIAL
HOPE your math is correct, as it works for me and I am sure it works for you as well
Split
"" I just don't believe that would happen as those Institutions that own the Majority of COOP would have a cow."""
ORRRRRRRRRR they would jump for JOY and buy hand over fist everything they could get their hands ON , PLUSSSSSSSSSSSSSSS I still believe they will short at these highs and will make money going DOWN and then MAKE MONEY WHEN IT GOES RIGHT BACK up, as I have suggested before.......
Nobody is gonna change anything so we all just have to wait
NEITHER A BORROWER OR A LENDER BE.
Last time I borrowed money was over 25 yrs ago to buy a house, paid it off in 10 yrs
I DON'T NEED THEIR STINKING MONEY
""Using documents, the banks may lend us money""
BEEN saying the COMMERCIAL PAPER is the next TSUNAMI to hit US and FOLKS IMHO IT WILL BE HUGE with MULTIPLE BIG BANK FAILURES ASSOCIATED WITH IT
Thank you sometimeswrong
The zombie office timebomb: Commercial real estate foreclosures jumped 117% in March - as experts warn it could trigger the next banking crisis
Commercial real estate foreclosures are ramping up across the US as soaring interest rates and the slow return of workers to office spaces begin to take their toll.
There were 625 commercial real estate foreclosures in March - up 6 percent on the month prior and 117 percent from the same time in 2023, according to latest figures from real estate data provider ATTOM.
Some areas are facing a bigger crisis than others - with 187 properties facing a foreclosure filing in California last month, which was the highest of any state. Although this was an 8 percent dip from the previous month, it was a huge 405 percent jump from last year.
Small and regional banks are the biggest source of credit for the commercial real estate market, holding about 80 percent of the sector's outstanding debt.
Around $929 billion in commercial real estate loans is due to mature this year, according to the Mortgage Bankers Association, raising concerns this trouble spot could trigger a banking crisis.
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https://www.msn.com/en-us/money/realestate/the-zombie-office-timebomb-commercial-real-estate-foreclosures-jumped-117-in-march-as-experts-warn-it-could-trigger-the-next-banking-crisis/ar-AA1nfQNE?
nranger
"" Yet I miss those days when we gained $1+; which is the way it should be IMO""
GOODDDDDDDDDDDDDDDDDDDD STOCKS do not move a $ a day each and every day
I'm talking JUNE JULY for settlement, but hell it could be another 90-120 days for money to change hands SO YEPPERS IN AGREEMENT
I'll be right here waiting just like you, but still say the negotiate an agreement with no ANTI TRUST VERBIAGE and settle before trial, just my WAG and we will both be here hopefully to see..........
I'll be really shocked if they risk it, 10-15 bill aint squat for them to stay open in the USA
FRED
It doesn't matter WHAT THE HELL YOU WANT TO DO, THEY WILL NOT GO TO TRIAL, too much at risk, JUST WATCH
JUNE JULY
Fred
AGAIN MY WAG is June or July and this settles out of court
I will throw him SOAP ON A ROPE and SOME ASSTROGLIDE for his stay
I WAS NOT POINTING AT YOU
But to all that will be left to try and fight this out but HOPEFULLY YOU KNOW THAT
Funny how SO SO SO MANY HERE TWIST STUFF
CERTAINLY YOU DO KNOW I WAS NOT calling you a rat after all these YEARS and if IF IFIN you believe that I fell sorry for ya
ONCE THE RATS START JUMPING SHIP, JUST because you're a BIG RAT doesn't mean you TOOOOOOOOOOOOOOOO Shouldn't jump as the ship is going down
NOW not only that, WOULD YOU REALLY WANT TO BE THE BIGGEST ELEPHANT LEFT in the ROOM with REALLY DEEP pockets as the only one left standing
WOULD YOU REALLYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
I just want to be correct when the game clock actually reaches 00:00
I personally feel we will be locked in at 75 or very close until be see a share issuance or at least that is my WAG
JHD
IMHO COOP WILL BE THEE MARKET for distressed loans to be serviced by and JPM will no longer be
LP
\""
The $87B value is there""{" think what that alone could be afte 15 yrs they can NOT just let money sit
TOO ALL
The """"Common Share Holders"""" own the Debtor’s estate.Funny how the agenda CHANGED the VERBIAGE once the 8K came out spelling out PREFERRED EQUITY and COMMON EQUITY sharing any distribution 75/25 The second the company said PREFERRED WAS NOW EQUITY, the spew was changed to COMMON EQUITY (COMMON SHARE HOLDERS)
"""Class 19 doesn’t get Class 22’s properly."""
I think you might have this BASS ACKWARDs Class 22 is playing in a sand box they never should have been in until Class 19 was paid in full The Judges own words go back and negotiate and bring me a PLAN WHERE ALL PARTICIPATE in case there isn't enough to go around..................................
Riddle me this
Why has every ACTION in this case that is a negative been a negative towards and ONLY put on CLASS 22 ????????????????
1 Class 22 was RV' 1/12 which means any returning assets they now GET 1 12th of what the would have of the pie that is left
2 Class 22 ALSO LOSES 2.5% of any returning funds coming back that ""THEY ALONE"" will owe to the reorg'd company COMING STRAIGHT OUT OF THEIR 25% matrix position
NOW let's LOOK at What Class 19 has lost (REALLY ALL ARE GAINS)in the plan in comparison.
1. They LOST THEIR CAPPED POSITION the APR rule and FYI that took almost 2 yrs to get it taken off.
2. THEY LOST OUT (GAINED) ON NOT BEING RV'D 1/12 ( HAD the unissued PREFERDS been RV's all here DO UNDERSTAND there would not have been enough to reissue the 7.5 needed to make THEM WHOLE AGAIN there is method to their madness
Now just looking at those 2 examples above can anyone really sit here and say that CLASS 19 negotiated themselves SUBORDINATE to COMMONs. when ever single NEGATIVE ACTION that has taken place ,HAS IN FACT BEEN INCURRED BY CLASS 22 and not one negative aspect or loss to CLASS 19
FRED I AINT GOING NO WHERE NO HOW
Nor are my KIDS and their XX,XXX shares or my DADS widow XXX,XXX shares NOT THAT I REALLY give a chit about her since she has TURNED 100% lib tard since moving to WASHINGTON STATE, MY OLD MAN is rolling over in his WALL crypt in OKC
@ 20 per they'd be sitting in tall cotton for sure REAL TALL COTTON
Homes paid in full and any bills and still have $X,XXX,XXX left over, well I forgot the taxes but ya get the point TALL COTTON at 40 and 41 respectively and heck even after taxes leaves this one X,XXX,XXX nice egg to sit on or have to work with
SETTLEMENT AGREEMENT BETWEEN EXCHANGE-BASED PLAINTIFFS AND CREDIT SUISSE AG, LLOYDS BANK PLC, BANK OF SCOTLAND PLC, NATWEST MARKETS PLC, PORTIGON AG, WESTDEUTSCHE IMMOBILIENBANK AG, ROYAL BANK OF CANADA, RBC CAPITAL MARKETS, LLC, COÖPERATIEVE RABOBANK U.A., THE NORINCHUKIN BANK, MUFG BANK, LTD., AND UBS AG Case 1:11-md-02262-NRB Document 4011-1 Filed 04/11/24 Page 2 of 88
https://www.docketbird.com/court-documents/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/Exhibit-1/nysd-1:2011-md-02262-04011-001
Bullish
Bullish
RAY
""How they can issue pfds of 10B and those were approved by stock exchange. This indicates some assets exist outside court proceedings."""
Where are you getting these numbers as they are 100% incorrect
WMIH/COOP has today 10 mill shares of PREFERRED shares that HAVE NO FACE VALUE assigned to them, at this point they have NO value 0 zero zilch nadda not worth .10 cent
So the COMPANY could be worth 100$ and still have 10 mill shares authorized with NO AGAIN NO FACE VALUE YET
Hard to beat concrete facts
1.Uw's fought tooth and nail to maintain a measly 1% in worthless paper and spent several million $ to do so according to some here.. IS THIS LOGICAL
2. Preferred was NEVER RV'd 12/1 IS THIS LOGICAL COMMONS WERE RS
3 The court ordered that one of the BOYZ sell 800K K;s PREFRDS notice not one of them was forced to disgorge ANY COMMON SHARES were they HMMMMMMMMMM
4. We have 3 Wells fargo Accts that have been receiving mortgage payment now for 15 yrs
5. WE HAD a 1031 exchange WHY WITH NO PROPERTY to PLACE IN IT Is this logical
6. WE currently have a DST. Trusts can NOT be set up with nothing in them..................IS LOGICAL
Sounds to me like there is still something out there , imho THIS IS ALL ONE NEEDS TO KNOW
Now WHENNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN
Ray
""but what points to some hope is UWs struggle to take 1% Ps class 19 and issuance od 10B preferred stock by WMIH:::
Nobody that SMART spends several mill $$$$ to fight for 1% of a worthless issue in ""EQUITY"" that will NOT RECEIVE anything !!!
REMEMBER the UW's had ALL MOST a full year past 3/19/2012 to decide where to be placed and elect to participate and they DID NOT GET reversed 12/1
Also the 10 mill prefrds HAVE NOT BEEN ISSUED nor have they been assigned a face value as of yet
AGREE THERE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
RIDDLE ME THIS
1. WHAT WAS IN THE 1031 and what does a 1031 do? I know do you
2, WHAT is in the three WELLS FARGO ACCTS???????????
3. WHAT IS IN THE DST ? you do understand you can NOT create a TRUST with no assets OR at least assets that HAVE BEEN COMMITTED to be allocated to that trust IMHO and even the committed part is sketchy but the GOV could have MADE ALLOWANCES in this case LOL since they actually had their collective rears in a sling
GOODIE thank you VERY MUCH
After the prospectus was cancelled, the common and preferred stock were combined into a single "Shareholder Equity" interest, allocated at a 75/25 ratio between the common and preferred shareholders15.
NOW someone out there want to tell me NOW that WE ARE AS I have said 100 PLUS TIMES we are all SHAREHOLDER BUTTTTTTTTTTTTTTTTT with different pay out ratios............
Now I know this is AI and that can be flawed but still EQUITY EQUITY EQUITY DOH
Wait and see, SOME FINER THAN OTHERS I'd bet on it , BUT NOT MY PINKY EVER
OH and I WILL ALSO BET IT WILL NOT END THE DEBATE but instead MAY JUST FUEL IT for some that never got it or made the distinction between WMI and WMB!!!!!!!! WMI filed only to PROTECT IS SPEs WE'LL SEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
IT DOES SAFE FROM CREDITORS and the FDIC, but not from legacy holders that OWNED WMI
VOL IS LOW which means there isn't buying or selling going on !!!! LOL
""What's impossible is for the bankruptcy court to have any jurisdiction over assets that are bk remote"""
I know I have never said the BK COURT did or DOES HAVE, what I have said is that OUR LEGACY ASSETS are were in WMI and imho in turn WMI owes LEGACY HOLDERS for those assets.
I KNOW FOR FACT I have stated many time I seriously doubt even 50-100 mill comes back from the BK CASE itself and THAT WOULD BE ON THE WAY HIGH SIDE.
WE OWNED WMI NOT THE BANK, W
SO as OWNERS of WMI if IF IFIN WMI ends UP HAVING assets tucked away in a say DST, as legacy holders we are entitled to our fair and reasonable amounts of those
sorry
LARGE
If we are to only believe filings and 8K's from the company as WE HAVE BEEN TOLD, well you just put up all those filings we have been told that apply to us , SO WHAT ELSE CAN WE DO
LG
A negotiated CONTRACT IS A CONTRACT and CONTRACTS conditions follow forever, just try and go back and UNSELL YOUR HOUSE OR CAR
See how well that works
OH and we both KNOW there can NOT be a 40/1 conversion SINCE THE PROSPECTUSES were cancelled by the COURT leaves only one formula for a payout, THE PAYOUT matrix don't it
Sure we have been, but just remember even though we are all in this TOGETHER the P's K's TPS were at the table making the deal and had the control, even though U's were LOL represented by MW.
You really have to remember though, THE ONLY ONES truly harmed by the willful misconduct of the seizure were PRE SEIZURE HOLDERS.
I'd say 85% or MORE weren't pre and they ALL BEST BE REAL THANKFULl this didn't go down like ENRNQ, where ONLY PRE SEIZURE HOLDERS WERE PAID
ZULUAL
""As a P holder, do I/WE have interests in Libor settlement, assets in FDIC-R, mineral rights ? ""
ANd the UW's apprently THINK THE SAME as well since, that is what they hold and TEPPERS HOLDs and SAVITZ HOLDS, TPS Holds and BONDERNMAN holds and probably a good portion of OF CONGRESS as well holds and all the bank executives hold
SO I's say you/we are in good company, SOME JUST MORE FINE THAN OTHERS
P's K's TPS WERE NOT REVERSE SPLIT ask yourself why, COMMONS were at a rate of 12/1
Remember GARY DENKE said WMI held more in ground assets in GOLD than FT KNOW
US $290.9 billion
As of 31 July 2020, Fort Knox holds 147.34 million troy ounces (4,583 metric tons) of gold reserves with a market value of US $290.9 billion, representing 56.35% of the gold reserves of the United States.