Mr Cooper Group Inc (COOP)

[thony]

"obtuse" and "purposefully"

Lets see what you posted:

"Quote:
Reorganized WMI shall retain an economic interest in the Litigation Proceeds (and such interest shall not constitute a component of the Liquidating Trust Assets) equal to fifty percent (50%) of the Litigation Proceeds"

50 % of what ?

"...(ii) fifty percent (50%) of such holders’ Litigation Proceeds
Interest..."

What interest?

"... (i.e., Ten Million (10,000,000) shares of Reorganized
Common Stock, representing five percent (5%) of the issued and outstanding Reorganized Common Stock as of the Effective Date)..."

(50%) of (5%)= 2.5%

The economic interest of WMIH Corp. in any Litigation Proceeds of WMILT as per the POR is 2.5% , not 22.49%, the WMIH Corp. portion of the 37 Million D&O settlement is $925,000.00 but somehow it ended receiving $8,321,624.59.

The only two percentage values in all that section are 50% and 5% with 50% representing half of the 5% interest on the 10 Million stock election, nowhere in all the text says that New Co. will receive 22.49% of any Litigation Proceeds, nowhere, but somewhat I have been called "obtuse" which means "not quick or alert in perception, feeling, or intellect; not sensitive or observant; dull" .

Thank you for calling me "obtuse" realise that not everyone can have your high level of alert, perception,feeling, intellect.......