~ Dmceng4', "Since Your Question Was Directed To Me ?", Those Are Excellent Goals For You To Consider Regarding Your "WMIH" / "COOP" Investment File' and Its Holdings ~
I'll simply add my own opinion, ... Your Current "Position" In "COOP" which is actually a "current" depiction of a "Position" within the Parent Company "WMIH" ... "the Asset Values of WMIH and its Subsidiaries" ... who's entire company's "Asset Values" are currently being subdued within the SEC allowances of the "Predecessor / Successor" accounting ... So, Yes Your "COOP" Position Is An Extremely Strong Position for you to own' moving into the future' ... "COOP" is a very long way from a depiction of "Actual Value"
Regarding Your WMI P' Original Released Ownership ... Currently Being Maintained by the "Depository TRUST Company" (the DTC), designated by your DTC Issued ESC Cusip # 939ESC992 ... Here Is What Is Trackable and Verifiable ... pre Bankruptcy WMI Used A Managing Subsidiary for the WMI Preferred (missed by many, NOT Missed By AZ'), ... as we have moved forward, That WMI Preferred Sub, was not considered with the WMI Holding Companies Bankruptcy's and was, in the same fashion as, and along with all of the subs, Judge Walrath Ruled to NOT be able to be joined for procedural purposes, and was to continue its operations ... Yes by a "signed" Court Order'
So, ... That non-banking Sub, ... which was 1st a WMI Sub, then post the reorganization, became a "WMIH" preferred managing sub, ... WE' can see its utilization for the Payments of the KKR B' Preferred 3% quarterly Cash', as well as the Costs for the run-off notes' ... as the KKR 3% Cash Coupon transitioned into a semi-annual 5% coupon in common shares, ... so were the run-off notes all paid for ... as the 12/31/2017 financial report reveals ...
So, ... Now You Are Up To Date, ... and ? ... what the current contents are of that active "WMIH" Preferred Managing Sub, ?, ... Have Yet To Be revealed ... due to the allowed Predecessor / Successor evasive financial reporting, mentioned above' ...
... the guessing and zero studied interruptions and responses are irrelevant and don't matter ...
I Hope That Helped' You
AZ
AI
