Mr Cooper Group Inc (COOP)

[hotmeat]

Quote..."Four, ... and the most unpopular, misunderstood and severely misrepresented, ... yet quite documented ... was the eventual allowance of any original WMI-LT left overs, ... to be RE-Distributed ... simultaneously 75% / 25% to the class 19's and the class 22's ... in the same fashion as the DCR's release of 1.4 million shares of WMIH-Corp back in August of 2015' ... (obviously without the LT ever finding a need for issuing an - Interests - in the LT, or an LTI's)"


The fact remains that we are all considered Equity under the plan..ie Preferred Equity Interests and Common Equity Interests. This is how both are referred to in the GSA/POR...FACT!!!


The overwhelming use of Re-Distributed in every document was in the context of the LTI's being passed to Tranche 6 after Piers are satisfied.

This has everything to do with the distribution of the remnants of the former WMI and WMIIC, it's WHOLLY owned sub's, Estates.

This is the only allowed mechanism that was put in place for disposing of estate assets and has nothing to do with the distribution of the disputed equity shares.



POR 7...pg 58

23.1...(last paragraph)(b) in the event that all Allowed Claims and Post petition Interest Claims in respect of Allowed Claims are paid in full (including with respect to Allowed Subordinated Claims), any Liquidating Trust Interests to be redistributed;


Just one example of how the language was actually meant to be applied.