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AZCowboy

04/20/24 12:08 PM

#726495 RE: Nightdaytrader #726492

~ ND9', Hello to You and Yours ! ! ! ... My VERY, VERY STRONG Opinion, is a Separation of what has been postured here Re:COOP, is necessary ! ~

My conclusions have lead me to completely believe that ... An Original Released WMI "P" Preferred, Maintains its connection to the WMI Preferred Managing Sub, able to be studied BOTH pre WMI's Chapter 11 filing, as well as Post the WMI Reorganization as the WMIH Preferred Managing Sub ... period ... those accounting documents are on the SEC site' ... simply and conveniently ignored' ... as I have posted, that sub was used to pay KKR's preferred offering 3% quarterly coupon of $18 million, ... and then' ... the Paying Off of the Run-Off Notes' ... the Cash Inbound to that Sub', Has Not Ever Stopped ... ! ! ... so, Yes a "fair and equitable" result to an original releasing P' holder. (the word was equitable' ... not reasonable)

COOPs preferreds are merely a normal format ... and have zero to do with the WMI Original Releasing Owners ... remember COOP came many years after the fact' back in 2018 ...

"COOP" will make the first move in my opinion, ... as stated' ... and then ? (XXXX) Will Release The Kraken' ... returns from many areas' ... All we need COOP to do ? is to NOT ALLOW its pps to drop below the $50.00 pps threshold' ...

just sayin'

AZ
Bullish
Bullish