WHAT ARE WE WAITING FOR? AND Facts that effect us.
First proof that our parent is WMIH Corp: Not COOP
AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of February 12, 2018, among NATIONSTAR MORTGAGE HOLDINGS INC., a Delaware corporation (the “Company”)[/b], WMIH CORP., a Delaware corporation (“Parent”) and WAND MERGER CORPORATION, a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”). Parent, the Company and Merger Sub are referred to individually as a “Party” and collectively as “Parties”.
Note: On Oct. 9th 2018 Concurrently with the reverse stock split, WMIH also changed its name to Mr. Cooper Group Inc. (“Mr. Cooper”). IMO This was only a name change and did not change who the Parent is! = WMIH Corp. IMO This must be disclosed in Annual report which should come around Feb 28th
Who had access to (a)(i) the audited consolidated balance sheets[color=red][/color] and do you feel they know of Assets held by WMIH Corp? yes
4. The Lead Arrangers [color=red][/color]shall have received (a)(i) the audited consolidated balance sheets as of the two most recently completed fiscal years ended at least 90 days prior to the Closing Date and the related audited consolidated statements of operations, stockholder’s equity and cash flows of WMIH and its subsidiaries for the three most recently completed fiscal years ended at least 90 days prior to the Closing Date; and (ii) the audited consolidated balance sheets as of the two most recently completed fiscal years ended at least 90 days prior to the Closing Date and the related audited consolidated statements of operations and comprehensive income and cash flows of the Company and its
[[color=red]b]Who were the Lead Arrangers?[/color]
DBSI and HSBC Securities will act as a lead arranger for the Bridge Facility (each in such capacity, a “Lead Arranger”)
Credit Suisse Securities (USA) LLC (“CS Securities”), Jefferies Finance LLC (“Jefferies”), Deutsche Bank Securities Inc. (“DBSI”) and HSBC Securities (USA) Inc. (“HSBC Securities”) will each act as a lead arranger.
Note: Many others had access to the Audited consolidated statements including IMO all BOD.s and COOP top managers. We have only seen unaudited.
NOW THE BIG QUESTION IS WHEN CAN WE EXPECT ANY PAYMENT FOR OUR ESSCROW? NOTE: IMO WE WILL RECEIVE IT TOMORROW ON FRIDAY WHICH IS LAST BUSINESS DAY OF MONTH OF JAN.
Dividend payment delayed until January. from IRS rules also note: payment must be made during January but they can delay mailing 1099 till Feb.16th
If a RIC or a REIT declares a dividend in October, November, or December payable to shareholders of record on a specified date in such a month, the dividends are treated as paid by the RIC or REIT and received by the recipients on December 31 of such year as long as the dividends are actually paid by the RIC or REIT during January of the following year. Report the dividends on Form 1099-DIV for the year preceding the January they are actually paid. See sections 852(b)(7) and 857(b)(9) for RICs and REITs, respectively.
Also our NOL:
(a) As of December 31, 2016, Parent’s net operating loss carryforward for U.S. federal income tax purposes was at least $5,700,000,000, and at least $5,700,000,000 of such net operating loss is not subject to any limitations under Section 382 of the Code or otherwise
