Mr Cooper Group Inc (COOP)

[Large Green]

WMIH 2013 10K, RONs/Piers!

Now that it looks like there will be a payout to Piers, hopefully we will be able to get tranche four closed out for good and move on. It looks like the Piers will receive between three and five dollars a share in cash but I guess time will soon tell. I just want them paid whatever and closed out so we can move on to see what is in tranches for equity.

I am just amazed at all of the discussion over the last year regarding RONs/Piers payout with this discussed in the 2013 10K which was recently released, that all is very silent on the boards with the main Piers investors. Something just does not seem right, especially with all of the topics that have been posted regarding RONs/Piers. I thought there was a lot of knowledge here regarding the aforementioned.

There are over-funded claims, claims listed as assets, retained earnings, income tax refunds, registry accounts and many other non-asset issues that we have been discussing for a long time and that have been discussed in the final POR. It is VERY hard NOT to be getting REAL excited over our escrow share accounts that may be loaded to the hilt at some point before the final P&A is closed out.

It will be really interesting to see if these depositions will happen or there will be some sort of other structure. I will not be surprised to see some sort of announcement from WMIH right before Piers is paid. This would be very fitting in my opinion, something that I have long thought may happen. One fact that I am certain of and that is things are about to get very exciting for WMIH and escrow share account owners!