Saturday, June 26, 2021 11:25:06 AM
I will admit I always read your posts and appreciate the actual WORK you (and a few others) put in trying to decipher this 13 year riddle. I didn't however usually believe in the content but I can still commend the effort, especially when compared to the usual offerings presented here.
I would first like to confirm whether we were indeed issued and still possess Contra-Cusips that were issued by the DTC/Debtors/POR7...WHOMEVER???
After reading your post I looked at what these "DTC Cusips" actually are and my interest was peaked based on what I read....it actually does confirm to a considerable extent what AZ has been saying for a while now on this issue.
Contra-CUSIP:- The CUSIP used to indicate your tendered position (representing instructions submitted by Participants to surrender securities). For example, a contra-CUSIP is set up to complete a reorganization function. corporate action.
Contra-CUSIP numbers are used to segregate your position (representing instructions submitted) for voluntary offers and put bond options.
Based on the above definitions of Contra-Cusips, IF WE HAVE THEM, it seems to indicate that these DTC Cusips may have been the mechanism put into place to secure possible future benefits via the Newco, now known as COOP.
Looking further into the issue I found this in an SEC document called the Reorganizations Service Guide. Not sure if it can be applied to our case but the wording and similarities are uncanny.
LIQUIDATION: Step (1) The dismantling of a company with the distribution of securities and/or cash to creditors first (bondholders). Step (2) A new contra-CUSIP may be assigned to those holders whose original CUSIP was deleted upon receiving the initial distribution proceeds. Step (3)
That new contra-CUSIP will be used for any future disbursements.
Not saying this definitely means anything but does this not almost mirror the WMILT-WMIHC (COOP) segregated Liquidation-Reorganization dynamic to a tee??? The similarities are striking IMO, to the point where it just can't be simply dismissed as being just coincidental!
Step by step...1) We received Securities and Creditors received Securities + Cash.
2) If we do indeed now possess Contra-Cusips that means Step 2 was indeed completed when our original Cusips for Prefs and Commons were deleted as per the POR.
3) "IF" this is all true, then Step 3 is forthcoming as our DTC recorded and maintained Contra-Cusips are used as the mechanism by which COOP facilitates legacy based payments to holders.
Would appreciate yours, AZ's and/or any other SENSIBLE poster's thoughts on the issues raised above.
TIA
WELCOME TO UNICORNLAND
Recent COOP News
- Mr. Cooper Group Inc. to Present at the Barclays Global Financial Services Conference • Business Wire • 09/03/2024 09:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/30/2024 08:17:46 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/01/2024 08:31:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 08:09:25 PM
- Mr. Cooper Group Inc. Announces Pricing of Offering of $750 Million of Senior Notes • Business Wire • 07/29/2024 08:30:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/29/2024 08:24:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/26/2024 08:20:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 11:00:12 AM
- FLAGSTAR BANK, N.A. ANNOUNCES SALE OF ITS MORTGAGE SERVICING BUSINESS • PR Newswire (US) • 07/25/2024 11:00:00 AM
- Mr. Cooper Group Reports Second Quarter 2024 Results and Announces Acquisition of Mortgage Operations From Flagstar • Business Wire • 07/25/2024 11:00:00 AM
- Mr. Cooper Group Inc. to Discuss Second Quarter 2024 Financial Results on July 25, 2024 • Business Wire • 07/11/2024 08:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/30/2024 08:07:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/24/2024 08:36:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:33:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:28:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:26:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:24:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:22:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:19:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:17:44 PM
- Xome Democratizes Real Estate with Launch of DIY Sales Platform, No Agent Required • Business Wire • 05/22/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 10:47:32 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/15/2024 12:11:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 12:12:48 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 08:22:09 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM