Mr Cooper Group Inc (COOP)

[Large Green]

W3Research, I concur with the 75/25 percent split in total with the following exception. The 75/25 was negotiated and actually put to "paper" AFTER the final date to exchange former WaMu equity (2-8-2012) and receive multiple rounds of NewCo/WMIH shares PLUS our BELOVED Escrow Shares and the final date POR 7 was signed which was signed on 2-23-2012.

There were many daily changes to final POR 7 during this time frame. This also included the final payout Matrix change which put former WaMu equity that originally was designed to be zeroed out last in line to receive all of the spoils that previous PORs including the original Piers investors were originally planning on receiving but failed miserably.

So in my view, former WaMu preferred which was $25.00 face value WAMKQ and $1000.00 face value WAMPQ will receive interest the preferred were receiving (WAMPQ - 7.75% anually) between 9/25/2008 which was the date of seizure and 3/20/2012 which was the first full day that NewCo/WMIH became operating on its own without further issue from the bankruptcy court.


Have I told you lately what I think of my Escrow Shares? I love them totally which continued to grow every single day especially when we were told that WMIH was in the process of dissolving WMIIC.

Dissolving does NOT mean what most think it means. Hint! One needs to understand what dissolving means in the world of high finance and banking.