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AZ You’re Mixing Terminally Here.
WMI-LT is not the original reorganization Debtor WMI Holdings Corp
Your language used is only going to create more confusion.
Please prove your SEC claims with links.
I’m confident that you read this wrong also!
More made up crap like the Debentures.
$50?!?? NOT COOP! ->PEIRs!
I read the DS too,
Ron
All We Know About Plan 6 Liquidating Trust.
Is that Bill Kosturos is the Trustee, and that AAOC created the Trust. Plan 6 LT didn’t require court approval because AAOC was the impaired class.
Yes the Equity Community pulled out the Retained Earnings for 75/25% from the P6-LT into Treasury Notes to satisfy the Class 19 claim with a factor of 2X+ and more with interest.
The Retained Earnings of $20.7 Billion are never discussed in the Plan 7 documentation because its not there!
Yes the same people are involved.
Ron
Alice’s Class 22 Offer to UW is Bogus!
Alice’s purpose was to throw Plan 7 into chaos for JPM.
AG had no standing to renegotiate the Plan and make offers to shuffle the classes.
UW/Debtor didn’t want to renegotiate the Plan.
Just that simple!
75/25% pertains to the $20.7 Billion from the February MOR as Retained Earnings. The money came from the 363 Sales all well accounted for in the Plan 6&7 DS.
The Equity Community/Debtor placed the money in Treasury Notes to satisfy the Class 19 claim against the Estate allowing Class 22 Ownership of the Estate.
RE Now worth ~$25 billion. Yes, ~2.5X to Class 19.
P’s get another ~2.1X from the accumulation of Preferred Funding.
Ron
Newflow, Which Trust are You Talking About?
That was the Plan 6 LT that was being referenced, not Plan 7 LT.
AAOC Plan 6 hid the assets from Equity.
Plan 7 was created to pay Creditors.
I’m not a 75/25% to the End believer.
It’s not the preferred Classes property.
AAOC Plan 6 LT is largely for the commons.
The accumulation of money in WMI Preferred Funding belongs to Class 19.
What’s in the Plan 6 LT?
;)
Ron
Starts At PDF 147, Line 21
To PDF 182 ; line 3
http://wmish.com/docs/transcripts/2010.12.07%20Transcript.pdf
I don’t have the Equity Community presentation handy.
Please post because this is that JN is presenting to the Court as evidence to shoot down Plan 6.
Equity Committee to take control of the Liquidation Trust.
Thank You JN,
Ron
Newflow, What PDF Page Number?
This would be the Plan 6 Liquidating Trust, not the Plan 7 LT!
Thanks,
Ron
Remember the $54 Billion Claim by JPM/FDIC?
That claim was overlapping, both were claiming the same inflated $27B claim as WMB property. Very bogus claim. WMI’s first filing of assets proving that WMI was a solvent Debtor.
The same list of assets that the Equity Community used to prove that the Equity Classes was “in the money”.
I have posted and proven this with links.
GSA/DS 363 Sales of Debtor Subs.
Now were are the WMI Non-Debtor Subs??
Yes the +$20B is Now the Retained Earnings.
Now addressed in the February MOR, but not part of the Plan 7 LT balance sheet.
The +$20B number comes from the second First Day Filing for WMI. These assets were later sold to JPM during the creation of Plan 6 and the GSA/DS in the 363 Sales.
Remember; ~$32B-$8B = ~$24B
Capital Contributions; $6.5B
Rabbi Trusts; $5B
... The 363 Sales
As part of the Project West Plan, Plan 1, JPM bought a controlling interest in the Senior Notes to Control the BK process as most senior impaired Class.
JPM/FDIC needed to claim these assets as WMB assets to keep the Senior Notes impaired by devaluating the WMI Estate.
AAOC and friends had a different idea; “JPM doesn’t get it all”.
The RE/363 Sales funds are in Treasury Notes.
~25B 75/25%
AG’s source; ~2.5X.
On that point, I agree.
Ron
Retained Earnings/DCR Falls Under Treasury Regulation 1.468B-9(c)(6).
“Treasury Regulation 1.468B-9(c)(6) provides that upon the termination of a Disputed Ownership
Fund, the claimants to the fund’s net assets succeed to the funds unused net operating loss carry-forwards.”
RE/DCR from the February MOR, right-side of center column is absolutely not part of the P7 LT for Creditors.
The Retained Earnings are never discussed in the Plan 7 LT documents.
The far right hand column only pertains to the Creditors. The Plan 7 LT.
NOL’s; We Retained Earnings recipients have been denied our gains of property owned held on a Disputed Ownership Fund.
We are due a big write off after payment.
Ron
The RICO Change is Regarding WMB.
WMI sued the FDIC for WMB $307.2 Billion in assets.
After ~$7.9 Billion came back to the Debtor, the FDIC’s response; “$299 Billion for WMB and it’s assets”.
The $7.9 Billion;
$4 Billion from the TPS Exchange Event.
~$3.7 Billion from The Turnover Litigation.
Red, Investments Are Liabilities Until Closed.
The investments can go to zero. That is why the investment is a liability.
Market Exposure!
Quite Period. For What? Too Long!
Math doesn’t work.
~Three-Four year quiet period?
No way.
Very different “Red Hearing”.
I’m not chasing that one!!!!!
CWG, I’m Not Buying It. FAKE EMAIL!
There is absolutely no reason for DL to answer your questions in a private message. Plus it’s a breach of confidentiality.
Please don’t Try it again.
Your credibility shrank.
Ron
WOW, How Much Debt is JPM Carrying?
“We previously offered $2,000,000,000 aggregate principal amount of our fixed-to-floating rate notes due 2033, which were issued on April 26, 2022. The fixed-to-floating rate notes due 2033 offered by this prospectus supplement, which we refer to as the notes, are an additional issuance of, and will constitute a single series with, those previously issued fixed-to-floating rate notes due 2033.”
Remember back around 2013 JPM did $1.4 Trillion in EURO Notes?
I do!
Ron
No, Better Said. That is Their Claim.
UW valid claim is in P7 Class 19.
End of Story.
The Class 22 offering is Fiction created by Alice.
Alice has NO Authority to offer a Class 22 claim to the UW’s.
This UW discussion is pure fiction created by Alice, with help from others.
Alice Had NO Authority to Offer a Class 22 Claim to UW’s.
The UW’s just didn’t want the Plan disruption and more litigation and delays. Alice’s offer is without merit. Totally made up.
The UW claim lives in Class 19. Period!
The Court just let Alice have her day in court.
What is wrong with ~2.5X - ~4.6X returns for P’s?
Ron
The Judge was Asking BR,
JMW; Class 19 Has a Claim Against the Estate.
How is the Debtor going to satisfy this claim?
BR; we have set up a reserve,
JMW; how will I would I know that the money is safe?
BR; the money is in Treasury Notes, we got a good deal.
JMW; Ok then...
This is your ~2.5X, from 75/25%.
Ron
Yes BR Told the Judge About the Treasury Notes.
That is why I know about it, because I was listening to the hearing that day.
The Retained Earnings held in Treasury Notes satisfies Class 19’s Claims. That is why Class 22 inherited the Estate.
Last few days of Plan 7 Hearings.
Ron
Sent to Charity! True for P7 LT,
But not for P6 LT.
Plan 7 LT is/was all about paying the Creditors. DONE!
Plan 6 LT protected the assets for the going forward Class.
Now Class 22.
Ron
And There is Two DCR’s.
The far right hand column for Plan 7 Creditors.
See February MOR;
The middle right DCR is the Retained Earnings split 75/25%.
Now approaching eleven years to maturity for ~2.5X from the Treasury Notes.
The dialogue is in the transcripts for Plan 7.
The Equity Community set aside $20.77 Billion in Treasury Notes to satisfy Class 19’s claim with a premium.
More than what Class 19 would receive from accumulation of Interest.
Do the math!!
Yes There Really is a Plan 6 LT.
The term “Liquidation Trust Assets” is generic in this sentence structure.
AAOC hid the assets during Plan 6 creation. The Equity Community agrees with me. The LT was created.
The February MOR shows us how just enough money was set aside for Creditors in the far right hand column.
I Have Talked About the DOF.
All of a sudden the FAQ changed one time to discuss DOF, done.
Flow, anything that you can do with the links.
My iPhone wants to treat the links as phone numbers.
COOP EIN 91-1653725
WMILT EIN 45-6794330
DCR EIN 45-4709825
The WMB Deposit Base Was a Cash Infusion to JPM.
JPM received $188 Billion as Cash from the Receivership of WMB.
JPM TEIR 1 was 3.5
WMB TEIR 1 was 7.7
According to JPM 2008 10K.
That’s why JPM survived JPM’s Derivative Credit Crisis.
Thank WaMu.
Now pay!
Yes Rick; I Understand That it’s Difficult to Accept. But.
WMI sued the FDIC for WMB for a stated claim of $307 Billion.
WMI knew the asset/liability value of WMB.
$7.9 Billion came back to WMI, and the FDIC responded;
“$299 Billion for WMB and it’s assets”.
JPM assured all the liabilities. The primary liability is the Deposit Base. So don’t be subtracting the Deposit Base from the valuation of WMB.
+41.6!
If WMB was such a “liability”?
Then why did JPM create Project West to acquire WMB?
JPM/FDIC still needs to pay for WMB and it’s assets.
Ron
Too True Newflow. Our Redemption isn’t Coming From COOP.
P’s current redemption is $74.
COOP PPS needs to be $606+ just to get face.
I still haven’t seen any presentation by any poster that has given me reason to adjust or change position or opinion.
List of five!
Ron
There Is Zero Discussion Between Series A and B,
And Preferred Funding described in the text regarding the funding of Series A or Series B.
Therefore; WM Preferred Funding was not used as support for Series A or Series B creation.
Impossible to find something that doesn’t exist.
Furthermore, WM Preferred Funding cannot be a negative number.
Ron
Sorry AZ, I’m Not Finding Supporting Documentation,
to your claim regarding Preferred Funding and Series R
I only see numbers regarding Series A and B.
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=102542562&type=HTML&symbol=COOP&companyName=Mr.+Cooper+Group+Inc.&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2018-07-27&CK=933136
https://www.nasdaq.com/market-activity/stocks/coop/sec-filings
Ron
All Well Documented. WMI Sued The FDIC for $307 Billion.
And won. The Dual Track.
JPM is to pay for all assets on WMB’s books.
The FDIC’s response after $7.9 returned back to WMI.
$299 Billion for WMB and it’s assets.
Now add a multiple for ‘Willful Misconduct’.
RICO!
AZ, Why I Challenged You.
Makes no sense for WMI Preferred Funding to be a negative number.
If WMI Preferred Funding is negative, who is making up for the loss?
The math/accounting isn’t working!
I still stand by my list of five.
Prove me wrong!
The Equity Community disagrees with you.
I have posted the links.
Yes there is a Plan 6 Liquidating Trust.
Liquidating!!
363 Sales,
Ron
Sorry AZ, Your Math Doesn’t Work!
? Has Class 19’s claims been satisfied?
? How will Class 19’s claim be satisfied?
COOP PPS needs to be $606 a share for P’s just to the face.
BK Law would never allow a Class ahead of commons based on speculation.
Let the rest of us read the document regarding WMI Preferred Funding (2017).
Link please.
Ron
Oops, (-1) Not [-1].
There is a difference.
That’s Compound Stupid!
Stupid ^Cubed.
Square root of [-1].
I’m sure that one was way to difficult for you.
I’m so glad I have lo on ignore,
Ron
Many other fine Italian shoed Attorneys want their Clients money Paid.
When and what interest am I receiving?
The God Father!
WMB Note Holders?
TPS Holders?
MARTA?
Texas Teachers Fund?
Truck Insurance?
And You to can name some more.
$$??
Yes.
Flow, Interesting How They Separated the Two Terms.
FIDUCIARY
Litigation Trustee
Liquidating Trustee
For Me It’s Not About Hoping.
It’s about Accounting and the Court Records.
WMI has/had $375 Billion in Assets and $8 Billion in liabilities.
WMI sued the FDIC for $307.02 Billion and won. JPM is to pay Book Value for WMB. Now add in “Willful Misconduct”. RICO!
WMB Notes are Covered Euro Notes. Yes the Notes are Secured, but not by the US FDIC. Euro Notes!
My list hasn’t changed.
Ron
Great Find;
“Chad is a consultant for Akin Gump, supporting the firm’s corporate and environmental, social and governance practice groups. He has over 25 years of legal and business experience advising and working with public and private companies, with a particular emphasis on corporate governance and finance.
Chad has deep experience structuring, negotiating and documenting corporate finance, structured finance, capital markets and M&A transactions. He previously served as chief internal counsel for Washington Mutual’s treasury group. In that role, Chad managed a team covering corporate finance, mergers and acquisitions (M&A) transactions, capital markets and tax matters.
In addition, Chad has extensive financial reporting experience. Most recently, he managed Washington Mutual’s Chapter 11 proceedings, as well as resuming and managing the business operations and legal affairs of the reorganized debtor. Chad assisted Washington Mutual’s board of directors with identifying and evaluating strategic opportunities, corporate governance, risk management, securities compliance and subsidiary maintenance. Chad was recently appointed to serve as a Director for the Commonwealth of Puerto Rico Avoidance Actions Trust.”
Let’s see what happens next with Paladin.
Strike-Out Tick!
206 is a Seattle area code.
That’s Chad’s number, not Mathew’s.
More About Mathew.
https://www.linkedin.com/in/matthewboutte?original_referer=https%3A%2F%2Fwww.google.com%2F
About
A proven banking executive with broad experience in bank treasury, balance sheet risk, fixed income portfolio management, stress testing, and product line finance functions at institutions of varying sizes. Key focuses include risk/return trade-offs, business line partnerships, and team development.
Experience
BCM Advisory Services & Boutte Capital Management LLC Graphic
Founder
BCM Advisory Services & Boutte Capital Management LLC
May 2019 - Present3 years 3 months
Paladin Acquisitions Corporation Graphic
CEO & President
Paladin Acquisitions Corporation
May 2021 - Present1 year 3 months
USAA, FSB
USAA, FSB
7 years 6 months
Assistant Vice President, Asset/Liability Management
Jun 2016 - May 20215 years
San Antonio, Texas Area
Executive Director, Asset/Liability Management
Dec 2013 - Jun 20162 years 7 months
San Antonio, Texas Area
Thanks ND9; Did Mathew Ever Work for WaMu?
We know Chad and Peter did.
Flow; What Do We Know About Mathew Boutte?
And what can we learn about Rule 506(b)?
TIA,
Ron