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Lawyers are Just Going to Muddy up the Process.
Plus cost money. I understand the frustration, I too am very disappointed with the time it has taken.
WK is the Liquidating Trusts Trustee for both Plan 6 and 7. Plan 7 LT is complete by paying all outstanding claims.
Now Plan 6 LT assets are free.
Example; the Non-Debtor Subs.
Retained Earnings were never part of Plan 7 LT for Creditors.
Ron
Many of the BK WMI Institutional Investors Held Class19.
Class 19 investors have not been satisfied by COOP PPS and was never meant to by Plan 7 design.
For COOP to satisfy P’s $1,000 face value COOP would need to be at $606.06 PPS.
The BK would never rely on the reorganized PPS to satisfy a claim.
WMIH would need to be $1,000 just to satisfy face.
Hence; Retained Earnings of now ~$25 Billion. Class19 is paid with a bonus.
I said this long before Alice did.
Class 19’s claim has not been satisfied yet.
P6 LT. It’s all about the assets,
Ron
Great Discussion, I Have LEHPQ’s Escrows.
I don’t believe I submitted a W-9 to receive these Escrows markers like I did for my WMI holdings.
The LEH BK has handled very different from WMI.
More soon, I’m cooking.
No pick, Ron’s Source is the February MOR for ~2.5X.
We have also seen the documents for the WMI Non-Debtor Subs becoming Active.
I have already posted the documents regarding Plan 6 LT.
That’s where AAOC placed the assets.
Ron
Yes ND9, WMB had sufficient assets.
We have been lied to about WMI/WMB assets for too long now.
Time to move the money.
DOW can’t go up without new money.
LP, Yes it Would Be Interesting to See a Like BK.
No I can’t answer your question.
The WaMu story is very unique, FDIC seized a solvent Bank owned by WMI to rescue JPM’s Trillions in Derivative contracts covering the ABS market. WMI wasn’t “clubby enough”, but had a lot of cash on hand. ~$40 Billion at WMBfsb. JPM’s Tier 1 ratio was ~3.5, as compared to WMB of ~7.8 from JPM own 2008 10K published in 2009.
You submitted a W-9 IRS Form that gave you Escrows in the Plan 7 LT. That LT was only designed to have enough money to pay Creditors. Mission accomplished.
Retained Earnings were never a part of Plan 7 LT. That money is in Treasury Notes.
WMI Non-Debtor Subs are not at COOP.
WMI Holdings Corp is not COOP. WMI Holdings Corp was pulled away from the Registrant with the merger.
WMI Holdings Corp has our assets.
Focus on the W-9 that we signed not the Plan 7 Escrows.
Ron
COOP has 74 Shares Float, and 300 million shares authorized.
1,215 million UQ divided by six is 202.5 million COOP needed to purchase the Non-Debtor Subs.
The new float would be 202.5+75 = 277.5
Which leaves 300-277.5= 22.5 million shares authorized.
COOP could very easily see $70 PPS, and allocation of more shares.
Shares for Value will not drop the PPS, but will increase the PPS due to the additional assets and revenue stream.
The math works.
COOP Current Employee Incentive Plan Times-out Tomorrow.
COOP needs a new incentive plan. Maybe this new plan can be built around impart by the performance of the newly acquired Active WMI Non-Debtor Subs. These Subs can be worth around $30 Billion in assets. No way to calculate the revenue stream.
COOP has 300 million shares authorized. Count of released UQ I use is 1.215 Billion shares .
One COOP for six UQ. At COOP current PPS; that’s about $9 Billion in new capitalization for $12 Billion total MC.
COOP could easily see $70 PPS.
JWW, You like me now?
P’s; (2.5+2.1)*X = 4.6X.
Let’s get this show on the road,
Ron
JWW, Thanks For Proving My Case.
(Parentheses) -> then no parentheses. That is how you show an obligation and the money moving from one balance sheet to a different balance sheet.
Correct; The now Active WMI Non-Debtor Subs are not at COOP. These Subs are not COOP’s property.
Holding Corp?
WK?
CS?
P6-LT?
Thanks,
Ron
And He is playing “Go Fish”:
Lo, need more cards?
Go Fish!
More COOP shares to me.
One for six.
Numbers work.
Yes The Money is Coming.
I have stated my proof.
Just for starters;
1. Retained Earnings.
2. WMI Non-Debtor Subs now Active.
I have three more.
No, you will never be invited into my Ship.
So Now After May 22, No More Rewards For COOP Staff.
/s All done, no more stock for you. /s
Now what.
JWW?
I have ideas. And I have stated them.
One for six.
?? Anyone, how high does COOP PPS need to go to being P’s to $1,000 redemption?
I already answered that question,
:)
Lo. And You Can’t Prove Anything As True. CWG Needs to Answer.
CWG, vetted?
CWG; Vetting is very important and you would have discussed the vetting as background for your email with DL.
That Didn’t happen!
Correct and AZ was fully Vetted by DL.
Yes I have other questions too.
CWG/lo
:)
Lodas, Did CWG Give DL His SSN and Brokerage Account Numbers.
And other personal ID? No!
Been a awhile since we have heard from CWG.
JWW, So How Much Was WMIIC Worth?
Did you read the first day filing for WMIIC?
How come COOP is servicing more than $650 Billion loans?
How much did NationStar bring to the table?
~$30 Billion??
No, but See the Important Document Text.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168893591
Cut and Paste;
“The 2012 Plan took effect on May 22, 2012, and will terminate on May 22, 2022. Upon termination, we will stop issuing awards under the 2012 Plan; however, the termination of the plan will not affect any outstanding awards. The adoption of the 2012 Plan did not require stockholder approval. The 2012 Plan is administered concurrently by our Compensation Committee and Board, and awards under the 2012 Plan may consist of restricted stock, restricted stock units, performance stock, performance stock units, performance cash awards, stock grants, stock units, dividend equivalents, stock options, stock appreciation rights or performance-based awards. Effective February 10, 2014, the number of shares of WMIH’s common stock available for awards pursuant to the 2012 Plan and reserved for issuance was increased from 2.0 million to 3.0 million shares. Effective February 25, 2015, we increased the number of shares authorized and available for awards under the 2012 Plan from 3.0 million to 12.0 million shares of WMIH’s common stock, subject to approval of stockholders of WMIH, which approval was subsequently received on April 28, 2015 at our annual meeting. On June 1, 2017, 333,332 restricted shares of WMIH’s common stock were issued under the 2012 Plan to outside directors. As of December 31, 2017, 5,285,868 shares of WMIH’s common stock remain available for future issuance under the 2012 Plan.
In the event any award granted under the 2012 Plan is forfeited, terminates or is canceled or expires, the number of shares of WMIH’s common stock subject to such award, to the extent of any such forfeiture, termination, cancellation or expiration, will thereafter be available for grant under the plan. At the discretion of the Compensation Committee or the Board, awards may be granted to WMIH’s (or WMIH’s affiliates’) employees, officers, directors, consultants and other service providers of WMIH or its affiliates. Each award must be evidenced by a written agreement between WMIH and the grantee. Restricted stock grants are subject to such restrictions on transferability and other restrictions as the Compensation Committee or the Board may impose. These restrictions may lapse separately or in combination at such times, in such circumstances, in such installments, or otherwise, as the Compensation Committee or the Board determines; however, no more than 5% in the aggregate of the shares available for award may be subject to restricted stock grants with respect to which the restrictions lapse solely based on the passage of time and which vest in less than three years. Restricted stock may not be sold, pledged, assigned, hypothecated, transferred or disposed of, except in limited circumstances. Subject to override by the Board, in the event of a change in control of WMIH, any time based or other restrictions imposed on restricted stock grants will lapse. For further information on our 2012 Plan, see Note 9: Capital Stock and Derivative Instruments to the consolidated financial information in Part II, Item 8 of this Annual Report on Form 10-K.
The information required by this item concerning security ownership of certain beneficial owners and management is incorporated by reference to the information set forth in the section entitled “Security Ownership of Certain Beneficial Owners and Management—Stock Ownership Table” in the 2018 Proxy Statement.
Petewamu, Super Thank You. Busy Reading. EOM.
We Have Never Seen WMIH/COOP Reveal WMIIC Assets.
We have seen the how big NationStar increased as a mortgage servicing company with the merger, probably due to WMIIC.
We are due answers, and when we can expect payment.
Jay?
WK?
CS?
Ron
The Tradable Stock was Never Meant to Satisfy Class 19 Claims.
Current redemption for the P’s is $72.95.
19.8/12* COOP current share price.
COOP hasn’t satisfied Class 19’s claim.
The BK Court would’ve never given the WMI Estate to Class 22 if Class 22 had not already proven that the Equity Committee set a side protected funds for Class 19.
Retained Earnings is the proof provided by the Equity Committee to the Court. Projected in Treasury Notes. Now worth about ~$25 Billion. 75/25%.
Ten Year Notes or Disputed Ownership Fund, I don’t know. FAQ indicates DOF.
Ten Year Notes should mature later this year.
Retained Earnings in the February MOR is proof that Class 19’s claimants will be satisfied.
WMI Non-Debtor Subs are now Active.
Ron
Who is WMIH? WMIH is just A Trading Symbol.
That symbol becomes COOP with R/S.
Eclipse; “WMI Holdings Inc was no longer”. True.
WMI Holdings Inc was no longer the Registrant for the stock.
WMH Corp is, that merger with NationStar.
Where did WMI Holdings Inc was no longer go?
One of five. Plus, Plan 6 LT.
My List of Five Source. Proves Future Distributions.
Yes, Five Sources of Revenue/Distributions.
Please can someone Post my list of five sources of revenue and distributions?
Yes, all five.
Please tell me why I’m wrong so I can respond.
The WMI Non-Debtor Subs is now active. My numbers; around $30 Billion in assets.
Ron
I Know Of No Reason For The Wait.
The money and assets are there!
WK?
CS?
Lodas, You Signed a W-9 or a TIN.
Be great full this BK is a winner. Yes it’s taken a very long time, but the money is there and well accounted for.
Yes you will be rich like me.
WK; time to do your job as Trustee.
CS, You Too.
Lodas, Did You Submit a W-9?
That’s all that matters.
Lodas, I’m Approved to Trade Options. What Should I Do?
? Write or buy and on what side of the market (call/put) what do you recommend?
Your friend,
Ron
All Ready Well Documented. You Lost That Argument.
The List, the list.
Just five items.
I have already posted them.
This should be easy.
Your friend,
Ron
Lodas, I Have Answered These Questions Long Ago.
As I said, you Came Late to the party.
Not my fault that you are behind the curve. I have tried to help you.
You claim to have released 195,000 UQ.
My numbers will make you a very happy rich person.
Why are you not happy with that?
I don’t understand.
Your friend,
Ron
Yes Lodas. In Writing and Well Described In the DS.
Hint;
WMI Non-Debtor Subs that are worth about $30 Billion.
Next: 363 Sales now currently valued at ~$25 Billion, 75/25% to Equity Classes.
Lodas, please help me with the list of five.
Come on Lodas, be a sport.
Lodas, You Came Late to the Party.
Please see my resent post history.
Yes now the old link is dead regarding $1.4 Euro Note offerings.
Others have seen it.
Please help me list all five sources of revenue and payment for the Equity Classes.
Come on Lodas, You can do it. All five.
Ron
Lodas, Not My Fault You Came Late to the Party.
I have posted countless links to documents to prove my point.
Now the KCC document archives are removed.
Please list the five sources of revenue/payments to the Equity Classes.
I just posted a oldie but goodie recently;
JPM authorities $1.4 Trillion in Euro Notes.
That well more than three times the capitalization of JPM at their market high.
Next...
I got more.
Derivatives Meltdown?
Please help me out with the list,
Ron
JPM Lost In The Dual Track. Must Pay Full Book Value.
Book value?
FDIC says; $299 Billion for WMB and it’s assets.
The FDIC agrees with me.
WMI sued the FDIC for WMB, $307.2 Billion.
WMI Won. JPM settled.
Hint;
Document #1997. December 14, 2009.
Yep, RICO.
Thanks for giving me the chance to post real history of the case.
Ron
The W-9 IRS Form Is What is Important.
But I know that you mean.
That W-9 Form is what Released JPM for their RICO crime.
“Willful Misconduct” requires a premium in payment.
FDIC’s numbers; $299 Billion for WMB and it’s assets.
Times X.
One more of my list.
I’m making it to easy,
Ron
Tdeank1, I’m Still Here! Pay Me!
COOP is a minor daughter to the WMI Estate.
COOP/WMIH only two comprises of WMI’s many Subs.
Please post my list of assets. All five!
WMI Holdings Inc. was not part of the ‘eclipse’ merger.
Hint;
No COOP employee names on the WMI Non-Debtor Subs reactivation Documents. Just WK and CS. No DL.
Non-Debtor Subs is one in the List.
Just four more for you to list.
:)
Only About $4 Billion Came From The 363 Sales.
What I said is very correct!!
Yes other money also was used to pay Creditors.
$20.7 Billion of the ~$25 Billion from the 363 Sales as reported as Retained Earnings is alive and well in Treasury Notes.
HLCE for some,
Ron
Only About $4 Billion Went To Pay Creditors.
The 363 Sales amounted to about $25 Billion. I have presented the related documents in other posts The remaining $20.7 Billion was placed into Treasury Notes. Rosen said that they got a good deal.
The $20.7 Billion is accounted for in the February MOR as Retained Earnings. 75/25%.
Ron
The WMI Assets Have Not vaporized.
Proof; WMI Non-Debtor Subs that became active again 2021.
Others can play with there options. I await my property.
I will await the list of five distributions sources.
My research of the WMI Estate make you a millionaire.
Like me know?
I didn’t say anything about Escrows,
Ron
It’s Been Eleven Months from JPM $500 Billion Brag.
IMO, JPM paid for WMB in that time period. Another $150 Billion also moved around in the same time period. Then the FDIC demands indemnifications regarding Globic.
The FDIC is now paying the interest due, not JPM.
WMB dividend payments can move at anytime from the FDIC.
Ron
WK is the LT Trustee, Both Plan 6 and 7.
WK and CS names are all over the reactivating of the WMI Non-Debtor Subs in 2021.
The List,
Ron