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Friday, October 19, 2018 6:55:59 AM
See my recent post last night regarding the so-called early Oct first combined third-quarter report and the new business boarded in the third quarter.
Here I will repost it below.
WMIH/COOP 3rd Quarter 10Q Was Scheduled For 11/08/2018 BUT the goal line has been advanced again, so I have to chase and will leap over goal line next time into LARGE GREEN territory
1) COOP's (IR) Investor Relations advised around the first part of Aug/2018 that the first combined 10Q would be released about one month early during early October however, that obviously has not happened
2) COOP CEO, Jay Bray advised they would be boarding 50 billion in business during the 3rd quarter (ended 9/30/2018) and 15 billion in the fourth quarter but so far crickets on this business
3) On 8/30/2018, WMILT advised they wanted to dismiss the Employee Claimant's claim and move to close the bankruptcy cases
http://www.kccllc.net/wamu/document/0812229180830000000000001
4) By connecting the dots, it appeared it would be a slam-dunk case by dismissing the Employee Claimants due to being heard multiple times and dismissing each time BUT nobody expected the half-assed decision by Walrath dismissing the claims, enforcing she will not authorize an appeal BUT allowed a 21-day extension or a 3-week delay ending this issue
5) The 21 day ends on 11/6/2018 and assuming the court signs on 11/6/2018 dismissing claims, this will not be final for two weeks after 11/6/2018, due to a 2-week appeal period must expire without appeal before dismissing in total
6) This leads me to believe that since we have not seen the 'early' 3rd quarter first combined 10Q in early October as promised, have not heard of 50 billion in business being boarded in the 3rd quarter as promised, this is all contingent on Employee Claims being dismissed which has encountered an unexpected 3-week delay so there MAY BE a delay in the third quarter first combined 10Q to say mid to late Nov/2018...???
7) If COOP is going to delay the third quarter 10Q until late November plus delaying the boarding of 50 billion in business they will have to at least file an 8K advising of a late 10Q so, again time passing and filings will show us the way forward
8) If COOP is delaying the two Material Developments I just mentioned, I look for the first combined 10Q to show real value instead of Mark-to-Market, discussion on reclaiming taxes NSM paid for the last two or three years dollar for dollar due to tax attributes and much more information related to value that will in my opinion boost COOP's share price substantially
9) It should be very obvious to any who pay attention that COOPs share prices have been manipulated down and to keep it very low since the merger announcement and will stay this way until the third quarter first combined 10Q is made public
10) I also believe the price is kept low until beneficial assets are purchased from those investors who signed timely releases by 3/2012 and have markers in their accounts. Of course, COOP would use their authorized common and or preferred stock to purchase these beneficial assets from investors
Recent COOP News
- Mr. Cooper Group Reports First Quarter 2024 Results • Business Wire • 04/24/2024 11:00:00 AM
- Mr. Cooper Group Announces Two New Senior Leaders • Business Wire • 04/23/2024 01:00:00 PM
- Mr. Cooper Group Inc. to Discuss First Quarter 2024 Financial Results on April 24, 2024 • Business Wire • 04/05/2024 03:37:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:34:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:05:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:04:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:03:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:01:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:59:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 09:28:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:15:59 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:13:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/09/2024 12:00:29 PM
- Mr. Cooper Group Reports Fourth Quarter 2023 Results • Business Wire • 02/09/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 09:30:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:26:40 PM
- Mr. Cooper Group Inc. Announces Pricing of Offering of $1 Billion of Senior Notes • Business Wire • 01/29/2024 11:02:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 12:55:56 PM
- Mr. Cooper Group Inc. to Discuss Fourth Quarter 2023 Financial Results on February 9, 2024 • Business Wire • 01/11/2024 09:55:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 09:00:53 PM
- Mr. Cooper Group Appoints Mike Weinbach as President • Business Wire • 01/09/2024 09:00:00 PM
- Meta CEO Sells $428 Million in Shares Since November, AMC Hits New Record Low, and More • IH Market News • 01/04/2024 09:51:01 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/02/2024 09:19:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/29/2023 08:45:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:08:37 PM
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