Mr Cooper Group Inc (COOP)

[Donotunderstand]

Thank you

Now we have a marker - a yellow line - to watch

LG believes that

"".... after the Piers payment May 01, 2014, tranche four will be closed and this case moves on""

If that is correct - if tranche four is closed prior to being paid in full - LG is right

I (and more posters) do not see how we move past tranche four to anything else without tranche four fully paid.

So May 1 - if payment of the RON is made I am sure there will be some sort of written communication noting what is next

Does the communication say - here are the RONs and Tranch 4 is closed - finished.

Or Does the communication say Tranch 4 remains open to receive the CA tax and Reinsurance trust cash and then any other assets until Tranch 4 is paid in full

May 1 will tell as I understand the position of LG -- as translated to Tranch 4 is closed with the distribution of the RONS

Those are not my words but LG's words in the post I respond to - so we watch