Mr Cooper Group Inc (COOP)

[AZCowboy]

... I was recently asked a question regarding the potential piers returns, basically if funding had become unlimited' and then also asked to post my response over here ...
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... The following was my answer' ...

Difficult question' .... the piers were a hybrid' security .... partially creditor class / part equity ... which given the proper opportunity, had the capability of exceeding their face return ... due to the equity assignments within their prospectus' ~ they had the capability of ... "the sky was the limit" ....

This is why the snh's and WGM tried to shut down the bankruptcy and settlement at the last creditor class, excluding equity .... so they could have all of the cake' ....

The 16's needed to be capped by the Court so that the mediated settlement (Plan 7) could be realized' ....

Obviously now, as shown within' attachment "H" .... reversing the Tranche Payout Matrix, putting Tranche 5, below the now capped piers, and finalizing with Tranche 6 Distributions, class 19 & 22 ....

In the same fashion as within the final settlement, now, with the exclusion of APR and the simultaneous payouts to class 19 and class 22 will ultimately receive ... and in theory, ... "the sky IS' the limit"

ADDED: The important issue is that the payout structure changed from the submitted Plan 6, to the now historically approved Plan 7

AZ