Mr Cooper Group Inc (COOP)

[AZCowboy]

The Piers are getting paid in full, According to the Plan, the Piers Prospectus and now the recently filed 12/31/2013, 10-K

The May 1st distribution of the RON's to the LTI Piers holders is their proper distribution according to the Plan of Reorganization

The recently filed 12/31/2013 10-K gives an excellent explanation of what is happening and why it is happening, and the when, it's going to happen, is the noted May 1st 2014 for a distribution to the LTI Piers holders within the 10-K

The Trust tried to help the situation out by attempting to turn the RON's into cash back with their 12/23/2013 filing, so the Trust would be in a position to distribute actual cash to the piers holders instead of these RON's. The filing actually discusses how a cash distribution would surely help the Trust with its distribution

The second lien issues put a stop to that possibility as is explained in the 10-K

This is a case of the last Trust asset being distributed to the last creditor according to the Bankruptcy Procedures and the Plans attachment H'

And so, we equity holders are able to move on

AZ