The following topic is open for discussion:
Premise.......
(1)...we all know the Justin Nelson tried to introduce in the court monies that were not disclosed by Wmi, and that they were probably sequestered before the chapter 11..
(2) we know that there was Safe Harbor assets because Sheila went before congress to get the law changed so that the FDICK could get their hands on them
(3) we all know that the billings from A/M during the WMILT were huge, and they must have been managing more than just the normal debt claims
(4) Bopfans lawsuits against the UW clearly indicates that there is a huge amount of money to be returned from safe harbor to satisfy equity claims
(5) the question is: not if there is money, but where is it, and when it will be returned to satisfy equity claims....which brings me to my question..
It has been posted that WMIH is using coop as a surrogate to report its earnings and balance sheet every quarter, sans the money held in Safe Harbor, and that at such time, they will consolidate these earnings into coops balance sheet, at which time, the numbers are expected to boost the stock price up...since they are allowed to do this separate reporting legally, why would they do so, before the company retrieved most of the stock back from mom and pop holders?....why would Wmih reward retail holders by reporting a consolidated earnings report when the stock price is still low?... remember we suffered a 1/12 RS, so at todays prices, the actual value of coop at 33 dollars is only about 2.75 dollars
this is why the 90% institutions that hold this stock has been quiet all these years... they know there is a big payout, but they don't want retail investors to profit by this expected rise in stock price, if they clamor to speed up the distribution to equity claims... coop has been stalling, the Wmilt has been stalling. and the MM have been roiling the stock price back and forth for years now, in the hope of yanking them away from retail holders....whomever is short selling coop, knows this, and they are certain of the time frame for a consolidated balance sheet showing those SH assets...there is expected to be a huge drop off in the stock markets after 12 years massive gains, when the FED raises interests rates...it will be at this time, the MM in concert with short sellers will drive the price of coop stock down and get retail to cough up those shares that they want....
in conclusion:...my take is that WMIH will never reveal that consolidated balance sheet until they get control of all outstanding shares from retail investors. or 100%...it will be at this time, Wmih will consolidate the balance sheet, and then the stock will skyrocket: hint: KKR holds over 16 million shares
Lodas
