Mr Cooper Group Inc fka COOP

[Large Green]

shane, all creditors are paid in full with the exception of Piers which are owed around $4.60 per share. The money to pay Piers is there when the "powers-that-be" want them paid to their capped rated of $10.52. They did not receive escrow shares.

Once Walrath denies or pays employee claim settlements that have already been made (9/8/2014 court hearing), then these claims can be expunged/paid and then if the "powers" want Piers to be paid, this can happen with a special distribution for the rest of their claim. I am not sure how this will play out but they could drag the Piers payment out a lot longer if they want.

The Piers are in tranche four and then IMHO we only have a "process" to get through tranches 5/6. There could be a lot of money that transfers to escrow share account owners because there are over-funded claims, claims listed as assets and then we have to close out the court registry accounts where there could be huge dollars as well. Only time tell for sure.

As far as the distribution of assets through the trust, for every dollar that gets disbursed, former WAMPQ/WAMKQ will receive seventy censt on every dollar and for every former old common share (WAMUQ), they will receive 25 cents for every dollar run through the trust with the exception of up to two and half percent that could go to WMIH directly.