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Royal "D" , I agree the big players involved KKR, JPM, FDIC have abused and used TIME to decay our value into their pockets.
I am still hopeful we will see some 8K before end of month that involves our $$$ BUT THOSE MF'S WILL USE EVERY DAY IF IT MAKES THEM MORE $$
Royal Dude, I am looking forward to the day when you post one of your big $$$$ money offering and it has the name of ether COOP or WMIH in it.
So far they have all been for other companies not connected, but yes it will be exciting when one deals with our interest$$
I like IDEX long term but expect it to pull back to $2.50 area by Friday. Why it is Option expiration this Friday and a lot of $2.50 strike prices where sold / bought so expect them to pin the price close to 2.50 by end of day Friday
Tickle - no one has all the answers to when and if we get paid. IF YOU ARE UNHAPPY WITH ALL THE DD AND RESEARCH AZ HAS DONE FOR THIS BOARD JUST PUT HIM ON IGNOR AND DO YOUR OWN DD AND RESEARCH.
YOU ARE ON MY IGNOR LIST NOW AS YOU DO NOT TAKE RESPONSIBLITIES FOR YOUR INVESTMENT BUT WANT TO BLAME OTHERS IF IT DOES NOT PERFORM AS PLANNED.
Happy 2021 AZcowboy, you have provided great DD for all WMIH & COOP investors over the years and most likely helped many from selling when they should be buying - like I have been.
My question / concern is what has been going on with special deals like the two (KKR being 1) has forced ownership changes / dilution and possible sucked the Cap Trust interest for their benefit and not those it was intended for? Is this in violation of any SEC disclosure?
hotmeat, the company completed the $100M buy back in Nov. and they stated the purchased 1.2 million shares at a cost of $23.3 million and average cost of $19.42. So yes good deal for shareholders.
They would have had to start that back in Sept before they announced their planned buy back to get that low average cost. So yesterdays 1.6 million buy at $30 had nothing to do with COOP buy back.
yes big volume at close and after possible news pending - Monday?
today is Option expiration date and looks like the mm are killing the premium on the $2.00 strike price.
Today is Option expiration date and they will pin the closing pps just below $30 IMO now we just need to see next SEC doc 8-K and Monday morning is the day I am hoping to see it.
anyone have a link or the channel hearing are on
RD, more history on Washington Federal https://www.wafdbank.com/about-us/investor-relations/company-history
They do have things in common but nothing that ties it to WMI or WMB, but hope you can connect the two
Sorry RD I understand it would be great to find a connection but Washington Federal is different bank. After going into receivership they where found to have high end management fraud.
They have changed there name see. https://www.wafdbank.com/.
IMO, we will see more SEC filings from COOP SOON as they will need more Authorized Shares, A possible 2:1 Forward split.
AZ, good find and if I read that correctly with COOP now at $25 and with possible 5% would that give us $1.25 dividend per COOP share? This is only for COOP holders and our Escrow will be dealt with separately.
WHY WAS THIS 13D AMENDED? (as so amended, the “Schedule 13D”), relating to the shares of Common Stock, par value $0.01 per share (the “Common Stock”), of Mr. Cooper Group Inc., a Delaware corporation, and represents an initial filing of Schedule 13D by Simon Greene. This Amendment reflects, among other things, (i) that Simon Green replaced Jeffrey Livingston as a director and voting stockholder of each of KKR Wand Holdings Corporation and KKR Wand Investors Corporation, and (ii) in connection with an internal reorganization that became effective on January 1, 2020 (the “KKR Reorganization”), the removal of KKR Fund Holdings GP Limited as a Reporting Person on this Schedule 13D as a result of its dissolution and the renaming of KKR Fund Holdings L.P. as KKR Group Partnership L.P. The KKR Reorganization did not involve any purchase or sale of securities of the Issuer. Each Item below amends and supplements the information disclosed under the corresponding Item of the Schedule 13D. Except as specifically provided herein, this Amendment No. 5 does not modify any of the information previously reported in the Schedule 13D. Unless otherwise indicated herein, capitalized terms used but not defined in this Amendment No. 5 shall have the same meanings herein as are ascribed to such terms in the Schedule 13D.
Item 2.
Identity and Background.
Item 2 of the Schedule 13D is hereby amended and restated as follows:
(a), (f)
This Schedule 13D is being filed pursuant to Rule 13d-1(a) under the Securities Exchange Act of 1934, as amended (the “1934 Act”), by:
(i) KKR Wand Holdings Corporation, a Cayman Islands exempted company (“KKR Wand Holdings”);
(ii) KKR Wand Investors Corporation, a Cayman Islands exempted company (“KKR Wand Investors”);
(iii) KKR Wand Investors L.P., a Delaware limited partnership (“KKR Wand LP”);
(iv) KKR Wand GP LLC, a Delaware limited liability company (“KKR Wand GP”);
(v) KKR Group Partnership L.P., a Cayman Islands exempted limited partnership (“KKR Group Partnership”);
(vi) KKR Group Holdings Corp., a Delaware corporation (“KKR Group Holdings”);
(vii) KKR & Co. Inc., a Delaware corporation (“KKR & Co.”);
(viii) KKR Management LLP, a Delaware limited liability partnership (“KKR Management”);
(ix) Henry R. Kravis, a United States citizen;
(x) George R. Roberts, a United States citizen;
(xi) Jeffrey Livingston, a United States citizen;
(xii) Christopher J. Harrington, a United States citizen; and
(xiii) Simon Greene, a United States citizen (the persons and entities listed in items (i) through (xiii) are collectively referred to herein as the “Reporting Persons”).
The sole directors and holders of voting stock of each of KKR Wand Holdings and KKR Wand Investors are Christopher J. Harrington and Simon Greene. Messrs. Harrington and Greene are executives of Kohlberg Kravis Roberts & Co. L.P. (“KKR”) and/or one or more of its affiliates. KKR Group Partnership, an affiliate of KKR, owns 100% of the economic interest in KKR Wand Holdings. KKR Wand LP owns 100% of the economic interest in KKR Wand Investors. KKR Wand GP is the general partner of KKR Wand LP and a wholly owned subsidiary of KKR Group Partnership. KKR Group Partnership may be deemed to have shared beneficial ownership over the securities held by KKR Wand Holdings and KKR Wand Investors. KKR Group Holdings is the general partner of KKR Group Partnership. KKR & Co. is the sole shareholder of KKR Group Holdings. KKR Management is the Series I preferred stockholder of KKR & Co. Messrs. Henry R. Kravis and George R. Roberts are the founding partners of KKR Management.
AZ, yes something about this Amended 13D that they are trying to cover up.
This is the 5th time the originate 13D was Amended back in Jan. 7, 2015 and COOP SEC documents don't go back that far to check - what was amended.
This Amendment No. 5 supplements and amends the Schedule 13D filed on January 7, 2015 by certain of the Reporting Persons (as defined below), as amended by Amendment No. 1 to the Schedule 13D filed on January 9, 2018,
I would like to get the first 13D to compare to see if all these Wand divisions where included?
UPDATED: This is the 13D Amended #1 dated Jan. 9th 2018
https://www.sec.gov/Archives/edgar/data/0001472698/000114036118001466/formscda.htm
NOTE: Many of the reporting person did not have the Wand within it and this last 13D has 4 new reporting groups all with Wand ????
Looks like these Wand group have :
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,006,776 COOP shares
IMO, yes and they are also setting it up for the Dec. 18th expiration date and possible Selling to Open Puts before they take it up again to rinse and repeat.
Today is the Nov. OPTION EXPERATION DATE:
So my take based on Open interest Call Option is those in control will pin the closing pps just above $25 at close in attempt to force those that Sold to Open Covered $25 Calls for those that have not closed out there position at close of market.
BBanBob, true Those SHORT love R/S but HATE F/S
If the word gets out that possible F/S could take place we will see a rush from those Short to Buy or Cover their short position.
Many times those Short will use OPTION to help them cover. When those MM took COOP down to $20 a few weeks ago I saw a large amount of volume in the $20, 22.50 @ 25 CALLS now that the pps is above $25 they will force those that had sold to open Call to sell shares back to them.
I did the reverse - when they took the pps down to $20 I Sold to Open Puts on the $20, 22.50 and $25 Nov 20th expiration date. So far I hit a home run on all as I was paid up to $2.80 for my $25 option and today closing them out with a buy at .30 so nice profit.
With COOP up today a lot of this is short covering.
Justicewillwin they made a great buy back as their average cost was $19.42 not sure how they got the share price that low as I thought they announced that when pps was already above $20 SO they are already up $115 million on their buy back - nice and good for shareholders
FDIC UPDATED STATUS PAGE Last Updated: 10/23/2020
I NOTICED FDIC UPDATED THE STATUS SO IS THIS A SIGN THAT THEY WILL FINALIZE RECIEVERSHIP?
https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/wamu-settlement.html
The DBNTC-JPMC-FDIC Settlement did not resolve certain claims by the Receiver against JPMC, including the Receiver’s claims against JPMC relating to its alleged participation with other banks in manipulating certain benchmark rates and markets. It also preserved all claims of the Receiver against other persons who caused losses to WAMU prior to its failure, including claims relating to restitution orders and all regulatory and supervisory claims of FDIC-C. The Receiver anticipates that it will make a final distribution at a later date, however, consistent with the depositor preference scheme provided in 12 U.S.C. § 1821(d)(11)(A), it is unlikely that the Receiver will have funds to distribute to holders of receivership certificates issued to WAMU subordinate note holders or equity holders
In addition this page was also updated:
https://receivership.fdic.gov/drripbal/bank/10015
lodas, I also sold to open the Jan 20 PUT to collect 1.55
I also have some at the 22.50 and $25 level wish I had more $$ in reserve.
I feel the pps could raise fast as the CC was vary positive
I heard a question if restarting a dividend is being considered and Jay stated yes
I have been listening to conference call and from what I hear I am excited for the future of COOP. Chris just stated they have been negotiating with one of the largest and prestige's servicing companies in the world plans to turn over their servicing starting in 4th Qt. This could be huge IMO and most likely the company is ether JPM or the GSE's
AZ, Do you feel they will make these changes in Float and possible coupon date announcement when COOP reports 3rd quarter tomorrow? I am optimistic we will see more disclosure in their earning report.
jhd, if you sold commons to get more preferred you made the safe bet as in almost every Ch.11 commons get nothing. If the Preferred get PAR value I think you will be happy.
We are all lucky how WMI structured the company for what they felt could happen.
My only concern is what FDIC and JPM have worked out as the POR was vary poorly written.
This topic of the 75/25 ratio split keeps coming up and for good reason as it was poorly written.
As I own more Preferred than commons, I would benefit if I did receive that 75% ratio but feel it was never meant to be. Just a bunch of confusing language the LT put in to make us think they were in control and they had control over any distributions.
I think we all understand that when a distribution comes it will come through the DTC as the LT has no access or control over assets that have been held in safe harbor.
IMO, the Preferred will receive (First) their full par value plus interest coupon based on their class Specific prospectus and will get their APR – so there is no need to do any % sharing when the Equity Class 22 ESC Tracking Markers receive their distribution through the DTC.
This 75/25% ratio split IMO was only in use when WMI-LT was in control and would have money to split – the WMI-LT is mostly finished, and only scrapes of money for attorneys abuse.
BUT again, I do not care as I own a LOT of everything and will be happy with any distribution!
GREAT POST AZ, we have all waited too long for this to end in positive way! I feel we will see something regarding disclosure of Parent company and other positive details when COOP post their 3rd QT. earning this Thursday. Would also like to see it noted that a 2.1 forward split will take place. IMO
That last link did not work try this one for good read.
https://www.supremecourt.gov/DocketPDF/19/19-422/154595/20200922104336414_Amicus%20Brief%20of%20Timothy%20Howard%20for%20Filing.pdf
Thanks for that link and yes this is a must read just hope our SCOUS reads it.
An Amicus by Tim Howard, former CFO of FNMA. Get your popcorn, this is getting good... https://www.supremecourt.gov/DocketPDF19/19-422/154595/20200922104336414_Amicus%20Brief%20of%20Timothy%20Howard%20for%20Filing.pdf
I sold to open Nov. 22.50 PUT Option a bullish bet and collected $1.65 on 8 contracts or 800 shares.
The gamble is if COOP closed below $22.50 I could be assigned the stock but my cost average would be at $20.80
If on Nov.20 COOP closes above $22.50 which IMO it will I collect $1.65 or $1,320 in profits to buy more candy.
Just saying there are more whys to make $$ while you watch COOP go up and down. Yesterday I played the $25 stick price and collected $2.65 per share.
IMO we will see over 25 after earning report next week.
The negative with Selling to open a PUT option is you must have the Funds in your account to buy at the strike price if the stock closed below it on expiration date.
Lots of trades AH all at $22.92 with 27,400 shares could they be the option package for insiders - they look suspicious!
Any ideas?
FMCC on fire at end of day up 7 cents 1.89 - sure glad I had my big order to buy that filed at 1.81
JPS - Big deference between an investment in Frontier who really was insolvent and the GSE's that make lots of profit but it just goes to Treasure which will end soon. IMO
I understand you favor your Jr Preferer's but IMO there is no way the Government will cancel common shareholder value. The scous will not let them and if Government can steal the value of a company that makes good profit - why don't they also steal Amazon or Apple?
IMO, Common shareholders will win both FMNA & FMCC back.
COOP new 13G/A ownership document:
https://www.snl.com/IRWeblinkx/ShowFile.aspx?KeyFile=405513982&Output=HTML&Format=SGML
It relates to Names of reporting persons. BlackRock, Inc.
NOTE: EVERYONE SHOULD UNDERSTAND BLACKROCK WAS ADVISOR IN THE WMI CHAPTER 11 - SO WHAT DO THEY KNOW? 11.7% OWNER IS A LARGE POSITION!
(9) Aggregate amount beneficially owned by each reporting person
10751206
(10) Check if the aggregate amount in Row (9) excludes certain shares
(11) Percent of class represented by amount in Row 9
11.7%
Subsidiary
BlackRock Life Limited
BlackRock Advisors, LLC
BlackRock (Netherlands) B.V.
BlackRock Fund Advisors*
BlackRock Institutional Trust Company, National Association
BlackRock Asset Management Ireland Limited
BlackRock Financial Management, Inc.
BlackRock Asset Management Schweiz AG
BlackRock Investment Management, LLC
BlackRock Investment Management (UK) Limited
BlackRock Asset Management Canada Limited
BlackRock Investment Management (Australia) Limited
BlackRock Fund Managers Ltd
JusticeWill win, I appreciate your great technical charts and have learned from them - However IMO we will not see COOP move above $25, till after Oct. 16 Option expiration date.
Early last week I saw a lot of interest in the $25 strike price. The big boys make lots of money by moving the pps up and down but make even more with how they set themselves up for Option expiration and the high profits they receive monthly.
I did sell to open the $25 call for Oct. 16 and expect the pps to close below $25 next Friday. I can make thousands every month doing it.
what is the stock symbol for the Jr. Preferreds is it FNMAS?
I have been getting filed on my Oct 16 Sell to Open $25.00 calls and collecting .50 ps We are only one week from Oct. expiration date. That could tell me someone knows something that could excel COOP way above $25 by next Friday.
Navy, that drop in FMCC got my $1.88 order filled but not my 1.85 looking to buy more if they drop it again