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It was a $2.75 billion Loan/Purchase Agreement on the Effective day February 1st 2020. Icw the purchase of outstanding equities. See Eclipse.
A confirmation that they already got paid as 992/ESC/... holders.
416,300,000 WMIH shares, divided by 12 at $30 pps
February 1st 2020, the Effective date, shares that were issued and are still outstanding for payment to Equity Holders. Were issued at a $30 pps, according the Loan Agreement, see Eclipse.
Incase you are expecting some kind settlement?
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): February 24, 2012
Washington Mutual, Inc.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000087/mm03-0112_8k.htm
Those who bought on 12-12-2011, when almost everyone was selling, and trading halted about 11:00 am, the Por7 day. And their purchase confirmed before February 9th, 2012. Were the receivers of the Esc 968, 992
Looks that they already got paid. One of the two holders was jokingly trying to draw your attention. There are rumors, that 968 will be next coming week.
See post # 668148
SCHEDULE AND IMPORTANT REMINDERS
Washington Mutual Bank
Henderson, NV
SCHEDULE
http://wmish.com/joshua_hochbergs_joke/epic_fail/4405/JPMCD_000001550.00001.pdf
Imo, they are already issued. Because according the loan Agreement, no new issue is allowed.
And before the reverse split. Imo.
Imo, it depends on the pps on the settlement date.
Quote:
Then there was a ballot process early this year. Shareholders who voted for the settlement, signed the required release, and mailed it back in a timely fashion, will get a share of the $140 million reinsurance company that will exist after the bankruptcy. About 60% of the common shareholders did just that, according to one of the attorneys involved. The remaining 40% get nothing.
Unquote.
https://www.futureofcapitalism.com/comments/5285
(17 CFR 230.425)
?
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
See August 24th Form 8-k
What Is SEC Form 425?
SEC Form 425 is the prospectus document companies must file to disclose information about their business combinations. A business combination may refer to a merger between two or more companies, or a consolidation.
What Is Consolidation?
Consolidation in technical analysis refers to an asset oscillating between a well-defined pattern of trading levels. Consolidation is generally interpreted as market indecisiveness, which ends when the asset's price moves above or below the trading pattern. In financial accounting, consolidation is defined as a set of statements that presents (consolidates) a parent and subsidiary company as one company.
KEY TAKEAWAYS
Consolidation is a technical analysis term used to describe a stock's price movement within a given support and resistance range for a period of time.
It is generally caused due to trader indecisiveness.
A consolidation pattern could be broken for several reasons, such as the release of materially important news or the triggering of a succession of limit orders.
Accounting-wise, consolidated financial statements are used by analysts to evaluate parent and subsidiary companies as a single company.
Total outstanding shares already increased since Closing Date icw quarterly and yearly financial filing.
The more than 25% beneficiary holder, see escrow 993Esc968 Equity holder 416,300,000 WMIH shs, COOP divided by 12 icw purchase of outstanding equities re purchase agreement. Imo, according to the August 24 form 8-k Rule 425, need to be filed and paid.
Imo, the reason could be the August 24th form 8-k (rule 425).
Outstanding shs to be paid to Equity holders icw purchase agreement.
Closing Date February 1st 2021, COOP, $30 pps. Imo, the Closing Date final transactions need to be executed, io to see a further increase in the pps.
CCB-1 GUARANTEES CLAIMS
CCB-2 GUARANTEES CLAIMS
PIERS CLAIMS
SENIOR NOTES CLAIMS
SENIOR SUBORDINATED NOTES CLAIMS
http://sidedraught.com/stocks/WashingtonMutual/PORRelated/Supplemental%20-%20POR-01082011/Broken%20up%20in%20pieces/08-12229-6696_2_ExhA-G.pdf
(1) claim amounts shown net of opt-out elections
(2) Cash, Runoff Notes and Reorganized Common Stock distributions shown for total class; however, distributions to claimants within the class will vary depending on individual elections.
(3) Includes claims paid day one and in the disputed claims reserve.
(4) Amounts reflect both the preferred and common portions of total claim amounts.
(5) Despite the PIERS having a prepetition claim of $789 mm, because of their obligation to pay over interest at the contract rate (which exceeds the federal judgment rate for all classes except the Senior Floating Rate Notes) their recovery is effectively capped. As of the Effective date, that cap amount is $241.4mm and will continue to be reduced every month due to the delta between the FJR and contract rate.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000134/mm03-2912_8ka1e993.htm
In order to receive distribution from the Debtor assets, class 19 (3) ESC and class 22 (1 ESC). According the voting results.
http://www.kccllc.net/wamu/document/0812229120213000000000026
http://www.kccllc.net/wamu/document/0812229120213000000000025
The Board of Directors recommends you vote FOR the Stock Issuance Proposal, the Accountant Ratification Proposal, the Advisory Compensation Proposal and the WMIH Adjournment Proposal. For Against Abstain
2. To approve the issuance of 416,300,000 shares of WMIH Corp. Common Stock to be issued as a portion of the merger consideration pursuant to the Agreement and Plan of Merger, dated as of February 12, 2018, by and among WMIH Corp., Wand Merger Corporation and Nationstar Mortgage Holdings Inc. and of 21,197,619 shares of WMIH common stock in exchange for WMIH warrants (the “Stock Issuance Proposal”).
https://www.sec.gov/Archives/edgar/data/0000933136/000119312518175609/d574669dex991.htm
Nationstar stockholders to receive,$18 in cash and 12.7793 shares WMIH and 993ESC968 to receive a total of $2.75 billion in cash plus 416,300,000 WMIH shares
Icw purchase and merger of Nationstar and
Wand Merger purchase of outstanding equities and merged into Nationstar. Of which cash and WMIH stock payments are still outstanding.
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): August 24, 2021 (August 23, 2021)
?
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
§ 230.425 Filing of certain prospectuses and communications under § 230.135 in connection with business combination transactions.
(a) All written communications made in reliance on § 230.165 are prospectuses that must be filed with the Commission under this section on the date of first use.
(b) All written communications that contain no more information than that specified in § 230.135 must be filed with the Commission on or before the date of first use except as provided in paragraph (d)(1) of this section. A communication limited to the information specified in § 230.135 will not be deemed an offer in accordance with § 230.135 even though it is filed under this section.
https://www.law.cornell.edu/cfr/text/17/230.425
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
§ 240.14a-12 Solicitation before furnishing a proxy statement.
(a) Notwithstanding the provisions of § 240.14a-3(a), a solicitation may be made before furnishing security holders with a proxy statement meeting the requirements of § 240.14a-3(a) if:
https://www.law.cornell.edu/cfr/text/17/240.14a-12
?
Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
240.14d-2 Commencement of a tender offer.
(a) Date of commencement. A bidder will have commenced its tender offer for purposes of section 14(d) of the Act (15 U.S.C. 78n) and the rules under that section at 12:01 a.m. on the date when the bidder has first published, sent or given the means to tender to security holders. For purposes of this section, the means to tender includes the transmittal form or a statement regarding how the transmittal form may be obtained.
(b) Pre-commencement communications. A communication by the bidder will not be deemed to constitute commencement of a tender offer if:
(1) It does not include the means for security holders to tender their shares into the offer; and
(2) All written communications relating to the tender offer, from and including the first public announcement, are filed under cover of Schedule TO (§ 240.14d-100) with the Commission no later than the date of the communication. The bidder also must deliver to the subject company and any other bidder for the same class of securities the first communication relating to the transaction that is filed, or required to be filed, with the Commission.
https://www.law.cornell.edu/cfr/text/17/240.14d-2
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Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
§ 240.13e-4 Tender offers by issuers.
(a) Definitions. Unless the context otherwise requires, all terms used in this section and in Schedule TO (§ 240.14d-100) shall have the same meaning as in the Act or elsewhere in the General Rules and Regulations thereunder. In addition, the following definitions shall apply:
(1) The term issuer means any issuer which has a class of equity security registered pursuant to section 12 of the Act, or which is required to file periodic reports pursuant to section 15(d) of the Act, or which is a closed-end investment company registered under the Investment Company Act of 1940.
(2) The term issuer tender offer refers to a tender offer for, or a request or invitation for tenders of, any class of equity security, made by the issuer of such class of equity security or by an affiliate of such issuer.
https://www.law.cornell.edu/cfr/text/17/240.13e-4
Washington Mutual Bank
2273 NORTH GREEN VALLEY PARKWAY
HENDERSON , NV89014
Docket Number: 8551
for the quarter ending: 06/30/2008
(Report in Thousands of Dollars for the Quarter)
Adjusted Total Assets (205-260-265-270-275+280+285+290) CCR25 299,945,115
http://sidedraught.com/stocks/WashingtonMutual/Washington%20Mutual%20Bank%20TFR%20June%2030%202008.pdf
Opinion
Case No. 08-12229 (MFW) Jointly Administered.
September 13, 2011
https://casetext.com/case/in-re-washington-mutual-5?__cf_chl_jschl_tk__=pmd_7Nik7ow37qo6Q.4XbXAyUq8mjQsHbGWFCDIMrYYf9Uk-1629728843-0-gqNtZGzNAjujcnBszQm9
https://www.globic.com/wamurmbssettlement/pdfs/DB%20WaMu%20TIP%20Notice%20to%20Holders%20re%20Distribution%20Timing%2012.11.17.pdf
https://www.sec.gov/Archives/edgar/data/1309383/000127727704000870/exh41to8kpsa_ar13.pdf
J P Morgan Chase
$173,638,778,550
Debt Securities
Preferred Stock
Depositary Shares
Common Stock
Warrants
Units
https://fintel.io/doc/sec/1025960/000119312516529435/d171874ds3a.htm
Despite its name, WaMu ceased being a mutual company in 1983 when it demutualized and became a public company on March 11.[22] On June 30, 2008, WaMu had total assets of US$307 billion, with 2,239 retail branch offices operating in 15 states, with 4,932 ATMs, and 43,198 employees. It held liabilities in the form of deposits of $188.3 billion, and owed $82.9 billion to the Federal Home Loan Bank, and had subordinated debt of $7.8 billion. It held as assets of $118.9 billion in single-family loans, of which $52.9 billion were “option adjustable rate mortgages” (Option ARMs), with $16 billion in subprime mortgage loans, and $53.4 billion of Home Equity lines of Credit (HELOCs) and credit cards receivables of $10.6 billion. It was servicing for itself and other banks loans totaling $689.7 billion, of which $442.7 were for other banks. It had non-performing assets of $11.6 billion, including $3.23 billion in payment option ARMs and $3.0 billion in subprime mortgage loans.[23]
https://en.wikipedia.org/wiki/Washington_Mutual
The $180 billion could be the $173 billion plus interest Wamu MBS they bought. DNBTC as Trustee.
Imo, the stock split need to be executed because the equity holders should receive the $2.75 billion in WMIH stock and cash according the Loan Agreement. Which went trough a 1 COOP for 12 WMIH stock split on the Closing Date in connection with the Unofficial COOP Consolidated financial reports.
Imo, we will see a further rise in the ops, after consolidation of the subsidiaries into WMIH. And WMIM be able to provide an OFFICIAL WMIH CONSOLIDATED FINANCIAL RERORT.
Wmih Corp. Sample Contracts
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Etc etc etc......
https://www.lawinsider.com/company/933136/wmih-corp
These were the Debtors bk assets that were for distribution.
The outstanding equity imo, were outstanding MBS that were bought from the 939ESC968 holders by Wand Merger,see WMIH, February 1st 2018 and was merged into Nationstar July 31st 2018.
Imo, he was using the correct one. The Wand Merger used by WMIH in order to buy the outstanding equity from equity hplders