Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Well done - you found a JPM Bond prospectus from April 2023 !
Definitely totally relevant for former Escrow holders expecting gazillion dollar payouts
I‘m highlighting this absurd incessant nonsense.
any time for Sep 1.payment for Begining payment of last Quarter 7500,000,000
Who cares that Sep 1 already came and went without Escrow payment, right? After all a calendar is just another fact which you have chosen to ignore.
Not sure I understand. You think that COOP will sell its Treasury Shares to former Escrow holders for a market value of about 3B?
If former Escrow holders want to buy shares in COOP they can do that every day in the market - why would they need to wait for COOP to sell the Treasury Shares to them?
And how would COOP even know (or care) who the former Escrow holders are which are entitled to buy these shares at market value?
Yes COOP shareholders would sue management if they gave away billions of dollars to entirely unrelated former shareholders of a different company.
Any lawyer could explain this very simple concept to you - which is of course why you have not asked a lawyer and neither has anyone else promulgating this b/s.
In all likelihood there isn’t even a source for AZ’ statements - because if such a source existed who gave him (and only him) all this confidential information he or she would definitely not want this to be announced on a message board.
None of COOP‘s buy back has any relevance to former Escrows.
The company would be very happy to confirm this - which is why no-one promulgating this nonsense has ever asked them.
Zero relevance to COOP and former Escrows, as would be abundantly clear if you actually understood the content of the document.
In a week‘s time this will long be forgotten and replaced by the next theory.
There will not be any gifting of COOP shares to former Escrow holders this year, next year or at any other point in future.
Management of a listed company can’t just give away billions of company assets to former shareholders of a completely different company without (obviously) getting sued by their own shareholders.
Any lawyer could easily explain to you the consequences which such a management would suffer.
What does the FDIC have to do with?
WMI‘s shares were never worth anywhere near 300B pre 2008
WMI market cap was about 10B in late 2007 long before WMB was seized - but somehow hundreds of billions will come back to its former shareholders?
Who believes this?
COOP‘s share buy back program has absolutely nothing to do with the ridiculous Escrow phantasies.
The company or any lawyer would be very happy to confirm that - which is exactly why you have never asked them.
So this nonsense perpetuates itself for the next 5 or 10 years or more in all likelihood.
It’s like believing in a flat earth…
So WMI’s shares were worth approx 10B in late 2007 but someone claims that it had mineral rights worth 1 Trillion - 100 times more?
Who believes this kind of b/s?
So WMI shares were worth about 10B at the end of 2007 before the seizure of WMB but she expects that former Escrow holders will receive 300 (!) times as much? 😀😀😀
There is literally no evidence to back up these outrageous claims about billions coming back to Escrows - any lawyer could tell you that but of course you have chosen not to speak to one in the last 16 years
They will continue to make these outrageous claims without ever checking in with easily observable facts - like the people who claim that the earth is flat..
This will easily go on for another 5 or 10 years.
“Yes WMIH Owns COOP. Fact.”
Denying or ignoring reality in full view of easily observable facts must be the very definition of insanity.
To claim that “WMIH Owns COOP” is of course nothing but b/s - as can be easily seen in COOPs actual SEC filed financial reports again and again.
As a result of the Merger, shares of Nationstar common stock were delisted from the New York Stock Exchange. Following the Merger closing, the combined company traded on NASDAQ under the ticker symbol “WMIH” until October 10, 2018, when WMIH changed its name to “Mr. Cooper Group Inc.” and its ticker symbol to “COOP.”
But official reports don’t count just like all the other facts also don’t count.
This entire idea that COOP will give away anything to former Escrow holders is complete fantasy island thinking. Management would get sued by current shareholders and would go to jail for it if it happened.
As any lawyer would be very happy to explain.
COOP +36% YTD
S&P 500 +15% YTD
Where exactly do you see „reckless trading“?
Sure - that’s why the shares are up 50% over the past year, right? What bigtime money does COOP owe to former Escrows holders? Maybe ask the company
These notes are just plain vanilla JPM bonds without any link to Escrows - why is this so difficult to understand after literally hundreds of similar predictions which have all failed?
These are coupon dates for JPM issued bonds - and nothing more, as it says very clearly.
Do you actually understand the documents which you using as the sources for your claims?
Nice WSJ article
So while some banks have been exiting the business of generating or buying lots of servicing rights, Mr. Cooper has been among the buyers. Its servicing portfolio was $1.2 trillion as of the second quarter, up 37% from a year prior.
As of the first quarter it was already the country’s largest primary servicer, which includes subservicing, according to figures tracked by Inside Mortgage Finance. Mr. Cooper will add over $350 billion more to its servicing portfolio with its acquisition from NYCB’s Flagstar.
https://www.wsj.com/finance/stocks/high-rates-have-been-good-for-one-corner-of-the-mortgage-industry-now-what-972e941a?page=1
This event already happened and as predicted had nothing to do with Escrows and nothing to do with COOP.
But why bother with reality, right?
COOP has nothing to do with former Escrow holders - why should it?
Another 23 jump would bring it close to 150
Goooo COOP
150 next
Go COOP!
No one will ask that question because you would literally get laughed out of the room by management.
But please go ahead and make my day.
Would you have a link to the transcript? I was trying to find it
Someone should also ask whether COOP has any plans to distribute the 36M treasury shares to former Escrow holders
But I guess no one will…
Common sense says that management of a listed company simply cannot just give away treasury shares (which have been acquired using the company’s funds) to the former shareholders of a different company, thereby inevitably trashing the share price.
Any lawyer could easily tell you what would happen to management who would do this.
Absolutely.
Pls call the FDIC and SEC and tell them about all the money coming to Escrows including from RICO penalties of course. Don’t forget to call JPM as well and post all the responses here
You are just making up b/s. This SEC filing relates to a new JPM bond being sold to investors, it has obviously nothing to do with Escrows.
After 7/22 comes and goes this “theory” will join the hundreds of similarly failed ones.
I am not stating anything - I’m just quoting AZ. You should ask him for details and see if he provides any backup
You don’t need to worry, European investors won’t receive any payments according to AZ because you need to be a US Participating Member
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171122810
Its simply a new bond issued by JPM - as it says very in the announcement very clearly.
Nothing to do with Escrow just like all the hundreds of similar of predictions made in the same vein over the last years.
The “additional” 36m COOP treasury shares have nothing to do with former WMIH Escrows and they certainly won’t be distributed for former Escrow holders.
It would be very easy to confirm with the company or with any lawyer that the management of a listed company can’t just give away company property for free to former shareholders of a different company.
Of course they couldn’t do that - and also be happy about this one “favourite” recipient bragging about this to all and sundry on a msg board