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Wrong Tradeinman. Not What I Said.
My point is that Class 19 payment isn’t coming from COOP because COOP PPS would need to exceed $600 for Series R to see one face value.
COOP is not the answer.
Class 19’s redemption is coming from 75% of the Retained Earnings Class 22 set aside for resolving Class 19’s claim against Class 22’s Estate.
Ron
LG, COOP Share Price for Class 19 Redemption.
Series R (PQ) needs the PPS to exceed $600 to see one face value.
With hyper-inflation that could happen.
I have already explained how the Equity Community generously redeemed Class 19.
2.07X that has now grown to ~2.5X. The end of 75/25%.
Series R also to receive accumulation Performance Payment not associated with the 75/25%.
Yay yay... but but the Prospectus was canceled.
But your claim and property is your Claim and Property.
I have yet to see a reasonable presentation/response to make me reconsider my position on this topic and other issues.
Same for the Equity Community Presentation regarding a Liquidating Trust created by AAOC in Plan 6.
The Perfect way to Hide the Sausage is in a Trust.
Ron
WMI Holdings Corp Now Only Has Beneficiaries.
WMI Holdings Corp is no longer the Registrant.
WMIH the first went private.
I said it many years ago with the first stage.
WMI Holdings Corp (WMIH-1) is a Washington State Corp because the payment for WMB will come back to the Washington State Lost and found.
The Dual Track!
JPM lost!
Now JD is under the squeeze for financing JE and the Island.
HF want the money.
So do I!
WMIH Corp went to Delaware as the Registrant.
Later WMIH-2 -> COOP
Ron
COOP Is Only The Registrant. EOM.
That Was Stage Two. EOM.
Alice Lost Because Alice Was Wrong!!!
Alice was heard, and denied.
That is the full discussion point.
Alice was trying to brake-up Plan 7 to create greater delays benefiting JPM.
Alice filed in the closing moments of the last day possible. That is what one does for the purposes of delay.
The UW’s were just protecting the Plan from further delays.
Did Alice waste your money too?
I knew that the whole filing was bogus from the start and explained the Stipulations in detail when I was on BP.
Ron
Bob. I’m Right!!!!!
The Stipulation changed because the Plan changed. The Court didn’t have a issue with either Stipulation.
Pretty simple.
Alice invented an issue, and failed.
The Court let Alice waste your money.
The WMI-LT paid for the UW legal expenses.
Ron
UW Had a Claim Just Like You.
No Dilution.
You know what I meant.
Ron
Bob, Please Reread My Post.
UW claim is do to being the Underwriters for Series R.
Therefore Plan 6 Class 20.
Plan 6 Class 19 was only the TPS.
Class 20 merged into Class 19, and Class 20 became empty with Plan 7.
Class 19 wasn’t deluded, just adjusted.
Face it; Alice Lost because she was totally wrong!
Ron
Incoherent Responses.
Who is ‘she’, and approved what, ??
???
Alice created a false narrative.
It didn’t happen and you bought it, but the Court didn’t.
All Preferred are in the same class now.
Alice changed nothing.
Just added time and expense.
Ron
The Underwriters Were the Underwriters for The Series R.
Series R claim lived in P6-Class 20.
Plan 7 moved P’s and K’s to Class 19 to join the TPS.
No! The Underwriters claim never lived in Class 22.
Alice made it up.
The Plan 6 to Plan 7 Stipulation was never an issue with the Court.
Again, Alice made it up.
The Underwriters were just protecting their property/claim on the Debtor’s dollar.
WMI-LT paid for the litigation.
Ron
As You Know Bob.
I don’t support the Alice Class 19 totally bogus claim regarding of offering Class 22 claims to Class 19.
Alice had no legal authority to even make the offer in the first place.
The Class 19 Litigated against Alice was on the Debtor’s dollar (WMI).
Alice was just a Court Jester.
Ron
Have a look at LIBOR:
https://www.docketbird.com/court-cases/In-re-Libor-Based-Financial-Instruments-Antitrust-Litigation/nysd-1:2011-md-02262
Hope it means that LIBOR is complete, or nearly complete.
Completes the Derivative market Litigation.
Yes the LIBOR litigation is all about Banks like JPM that wrote the Derivative Insurance Contracts to cover the ABS/RMBS CERTS losses.
Very few understand what happened in 2008.
The Mortgage in Trusts that became Bonds were insured to cover losses.
WMI/WMB was not exposed to the Mortgage meltdown because their portfolio was insured.
Bear Sterns (sp) was a large investor in the ABS market. Therefore JPM needed to make larger derivatives insurance payments to BS, LEH F&F, and WaMu.
That’s why JPM acquired BS and WMB. JPM is going to pay themselves back.
Ron
#2; XXXX is Already Private.
COOP can’t go private because COOP has more than 500 shareholders.
XXXX has stakeholders, not shareholders.
Big difference!
XXXX is private and owns COOP.
Ron
COOP is a Subsidiary of XXXX.
Why not have XXXX issue new shares to released Class 22 holders and go public with going concern assets?
Liquidated assets distributions as cash.
The Subsidiary offerings shares to the owners of the Parent doesn’t even make sense regarding corporate structure.
Class 19’s claimants are satisfied with the Retained Earnings, plus applicable performance payments.
I’m expecting 4.6X for my Series R Preferred shares.
COOP is a sub of old WMI. Not old WMI!
Ron
We Residing in Washington State Can;
Write/contact The Washington State Attorney General.
Ron
A Different Approach to Legal Action.
What Hedge Funds are ‘Escrows’ Holders?
Why not contact them regarding the delayed payments?
HF’s already have in-house attorneys that have history of the case.
Ron
Fred, We All Are Extremely Frustrated With the Time Line.
The base numbers haven’t changed, just adding more interest payments due to time.
The 2008 Credit Crisis was all about JPM’s Derivative exposure.
Basic numbers;
JPM owned ~57% of the Derivative market, The Mortgage Market was ~$13 Trillion in 2008.
JPM ‘s possible MBS/RMBS [Trusts] was $7.41 Trillion.
For Discussion;
Figure 20% Mortgage failures that JPM needed to cover;
$1.48 Trillion.
Fred,
Back in 2008 the total number of derivative notables was ~$83 Trillion.
What is the current number of derivatives notables now?
I have posted recent numbers.
GSA Hint;
JPM lost.
Ron
What JOHN MACIEL Said is True.
I will pretend this response by John is true for discussion prepose.
“I’m assuming that the 20.7 billion you are referring to is the retained earnings number in the distributions to LT column. The column itself represents the assets and liabilities that go to the liquidating trust.[he is referring to the use of parentheses between the columns, the transfer of assets/liabilities from one ledger sheet to another] But the $ amount used for equity is a historical accounting balance and does not represent an outstanding balance to collect from the trust.[True Statement, Class 19 will receive more than $7.5 Billion] Even though equity interests have outstanding claims against the LT, the $ amount was booked to clear out historical balances and maintain a balanced balance sheet.”
Retained Earnings is the accounting term used from the accumulation of funds set aside for a future dividend payment.
Thanks for the entertainment.
Ron
Please Post Link for #708268.
The AAOC Liquidating Trust From Plan 6.
AAOC wasn’t requesting permission from the Court to create a Liquidating Trust in Plan 6. No requirement to be a DST because this trust didn’t have to define pending claimants of the trust to other Classes.
The Trust had already been created and funded with the 363 Sales money, the FDIC Receivership Claims for WMB, and ABS Certs Ownership. Plus other assets to benefit AAOC.
AAOC had no requirements to explain to the Court how others claim would be paid beyond AAOC’s claim.
Yes the Equity Community took control of the Liquidating Trust as requested. PDF 150. Documented!
Then EC set aside $20.7 Billion in Retained Earnings, 75/25% to greatly satisfy Class 19’s claim as documented in the February MOR.
‘As of February 29th’ just before approval of Plan 7’s 75/25%.
EC proved to the Court how Class 22 guaranteed satisfaction of Class 19’s claim against the Class 22’s Estate.
Ron
The 363 Sales Was Transacted Before Plan 6.
So was the AAOC Liquidating Trust created before Plan 6 that the Equity Community discussed during the Plan 6 Hearings.
What do they have in common?
Both carried through into Plan 7.
But not into the Plan 7 Liquidating Trust for Creditors.
Ron
Your Argument is With The Hearing Transcript.
Not with me!
You lost that one!
Your argument is with The Equity Community Presentation.
Lost that argument too...
And yes I have proven Series R performance payments.
Ron
The Plan 6 Liquidating Trust Answered Your Question.
I have proven with documents.
Ron
Does The Author Discuss Project West.
Project West was Civil RICO.
We released JPM personal for “Willful Misconduct”, which is the nice way to say Civil RICO. With the request for release became an admission of guilt.
Does the author discuss JPM’s massive derivatives portfolio as the insurance policies backing the ABS/RMBS from losses?
Lehman’s was on both sides of the fence on this issue.
JPM was Trillions of dollars underwater with their Derivative portfolio.
Does the author have a means for contact.
I would love to educate the author.
I own Lehman’s Series P,
Ron
Totally Worthless Discussion.
Based on your premise;
The Class 19 no longer has a claim?
Nor Class 22?!?!
No claim, no money for you Because the Prospectus was canceled.
The cancellation of the Prospectus was in regards to the trading shares and because APR was removed because Class 22 set aside a cash reserve to satisfy all outstanding claims against the Estate.
Class 22 therefore owns the Debtor’s Estate.
75/25% ends with The Retained Earnings held in Treasury Notes that the Court approved in Plan 7.
The Plan 7 LT payed off the Creditors.
The February MOR proved how Class 22 will pay Class 19.
Now ~2.5X.
Series R performance payments are a different topic.
As I have proven with links.
Same for the fact that the Equity Community took control of the Plan 6 Liquidating Trust as requested.
Plan 6 Liquidating Trusts; The Real Assets that AAOC was trying to hide in Plan 6 LT that transferred into Plan 7.
The Court only needs to see how the Debtor is going to satisfy outstanding claims against the Estate.
Ron
Class 19 Has Claim Against The Estate.
That Claim is for $7.5 Billion to satisfy the Class.
The Retained Earnings will greatly satisfy the Class when the money is released.
Class 22 set aside $20.7 Billion in the Retained Earnings to greatly satisfy the Class 19 so Class 22 could and would control the Debtor Estate.
DONE.
All remaining assets belongs to Class 22.
Ron
Do The Math!
For the Series R Preferred (P’s) just to make face value for $1,000. COOP would need to reach more than $600 PPS!
COOP is not the answer..
I have answered your questions in advance in previous posts.
Ron
That’s The Game.
Kosturos or Smith?
Which Trust?
Which Plan?
Kosturos was the AAOC Plan administer as of the Plan 6 Hearings.
To solve the riddles we need to be very specific. No generic corporation names or terminology.
No more WMI-LT.
Yes the boys didn’t give us the tools straight up to brake the code.
Ron
Two WMI Holdings. Two Trusts.
Corp paid off the Creditors. Plan 7 LT.
DONE.
Inc is assets that AAOC wanted to runaway with. Pre Plan 6 LT.
Very clever business structure created by the Equity Community.
Ron
Thanks. Very Generic Answer by Bard.
Liquidating Trust or WMI-LT??
Just like WMI Holdings!
Inc or Corp??
The Subject of the sentences keeps changing.
Which walnut shell is the pea under??
Ron
Newflow, Which LT is Bard Talking About?
• The Liquidating Trust created by AAOC in 2009.
• The Plan 7 LT we all know about.
Did Bard specify?
We are getting halfway answers.
The Liquidating Trust created by AAOC in 2009 was before Plan 6 was Presented to the Court.
This LT was created to benefit the those who controls the books. At that time that was AAOC.
The Equity Community requested , and was granted control of the Liquidating Trust before the creation of Plan 7.
Ron
Proven Right Again!
AAOC created the Liquidating Trust in 2009.
The Equity Community took control of the Liquidating Trust as requested.
Ron
‘Held’ or Serviced?
“The fair value of the WMI Liquidating Trust mortgage loans held by Mr. Cooper Group Inc. is based on an independent appraisal.”
What about the $600 Billion plus being serviced by COOP?
Where did that come from?
Not NSM.
A Liquidating Trust is not required to tell the world its value. The Trusts purpose is to not to expose the value.
Ron
Thanks Newflow. Plan 6 LT.
Actually the Liquidating Trust was created before Plan 6 was created, but we were never told about the LT until Plan 6 by the Equity Community Presentation and the Transcript.
“The WMI Liquidating Trust is a trust that was created in 2009 to hold mortgage loans that were originated by Washington Mutual, Inc.”
This is not the same Trust discussed as the Plan 7 LT for Creditors.
Ron
Kosturos, or Smith?
I say Smith is the point man.
Again, you didn’t read the Equity Community Presentation and the Transcript.
Kosturos Had moved on.
Ron
COOP Cannot Have Any Connection With Any WMI LT.
And Doesn’t!
Ron
LG, I Can Tell You Never Read The Transcript!
The Equity Community that primarily the Commons. Request, and was later granted control of the Liquidating Trust discussed during Plan 6 Hearing. That is before Plan 7 creation for Plan 7 for Creditors.
Plan 7 LT is for Creditors.
$20.7 Billion was set aside for Class 19. 75/25% to that end.
Class 19 doesn’t get others properly.
~2.5X greatly satisfies Class 19’s Claims.
A DST can have more than one function.
A Trust of Trusts.
Plan 6 & Plan 7, but mutually exclusive by representing different parties.
Ron
Were Any of These Assets Described
in Plan 7 LT?
I don’t believe so!
Please remember that the Plan 7 LT was only created to satisfy Creditors.
DONE.
Also, The Plan 7 was not to be an ongoing business.
Therefore the NOL’s would be of no value to the Plan 7 LT.
As I said before;
A DST can have more than one function.
Plan 7 LT for Creditors.
Old modified Plan 6 LT is now for Commons.
Class 19’s claims are held in the Retained Earnings. 75/25% to that end.
I have no answer as to why that money hasn’t been distributed yet!!??
Ron
I Found another Great Read While Looking for Something Else.
http://www.sidedraught.com/stocks/WashingtonMutual/DC-09-01743-0078.pdf
???
Looking for dates in regards to Judge Lyon’s meditation between REIT v. WMI.
Late 2011??
Ron