~ Here, Is What I Have Concluded over the Years' as this subject relates to the Company WMIH, now trading as symbol COOP, ... the Mr Cooper Group ~
... the original P's as a WMI Bond Offering, (and the K's as a subset), were and continue to be to the present tense', ... (SEC trackable and researchable) ... these Bond Offerings, were managed by a Subsidiary of WMI and then after the reorganization, managed by the reorganized company WMIH' ... the Exchange Event Happened' at 8:00am on 09/26/2008 ... moving all Bond Offerings into that Sub' for management ...
as I have posted many times, one can easily review this WMI Sub', ... the inbound cash generated as well as the cash spent to accommodate and pay, the KKR issued preferred 3% quarterly coupons as well as the payoff of the run-off notes' ... yes, ... all of this information is and has been available' and accessible ... yet purposely disregarded' and met with denial' ... especially by the delaying March of 2019 filings, and multiple losses' ... So, ... as those Bond Offering supporting Certs' have now NOT had any loan replacement since 2006', the years have dismissed and diminished any relevant values that are able to be returned to an original releasing P or K Bond' owner, any relevant money is simply no longer there' ...
when one considers an original WMI common share, ... released to participate' ... those shares of original ownership are totally different' ... the Company' ... now WMIH of course' ... is able to gather the returning financial generation and (profit) and subsequently distribute the returns to a participating common shareholder as a dividend' ... (napkin math) ...
the extended litigation, and the "wmi-lt", have delayed the payments' due an original common shareholder, associated with the REIT's and the 90% Rule' ... and these delays, ... some (shamefully supported') ... have allowed time to move forward' ...
In My Opinion, ... although ownership was quarter 1 2012', originally m-b' discouraged, as P's were promoted', ... actual ownership of an original WMI Common, and the Proper Release of the Same (wamuq) is where the money is' ... and the interest has been accumulating, ... beyond all of my holdings, ... I also own both P's and K's, however, I don't have much faith in their returning much of anything', after a thorough review of the WMIH Preferred Managing Sub, ... placed under the management of WMMRC, ... now dissolved per the Mr Cooper Group's SEC Filings' ...
AZ
