Mr Cooper Group Inc (COOP)

[Evintos]

I find it funny how old news is now "new" news.

http://www.prnewswire.com/news-releases/wmi-liquidating-trust-provides-information-on-escrow-cusips-300055333.html

Upon resolution of those Claims, the related portion of the shares maintained in the Disputed Equity Escrow will be distributed to the claimant holding the newly allowed claim or, if the claim is disallowed, the related portion of the shares will be redistributed to beneficiaries of the Trust in accordance with the distribution mechanics set forth in the Plan. In the event any future distributions of WMIHC common stock are made from the Disputed Equity Reserve, DTC will be instructed to allocate such common stock to each of the Escrow CUSIPs on a pro rata basis.

As stated above, the Escrow CUSIPs were established for any potential distributions of shares of WMIHC common stock. The only source of common stock available for any such a distribution would be from the 2.9 million of shares remaining on deposit in the Disputed Equity Escrow.

Nearly 5 months since that PR was released and now we find out that only 1.4 million out of 2.9 million disputed equity escrow will be distributed to those who released. Disappointing to say the least but not unexpected. Cash distribution to Tranche 4 was an obvious (according to schedule). Distribution of disputed equity is... meh. Not a big deal. I was expecting more than 50% to be distributed.

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I will also say this, "Boris the Spider" was correct that something will happen by the end of July.