Mr Cooper Group Inc (COOP)

[iPrelude]

Thanks so much for sharing Large Green, I love them (my escrow shares) too

That's why I'm really worried and upset about recent WMIH shares distribution and they way it was done:



" Note 8: Disputed Equity Escrow
In addition to the DCR, the Plan established a Disputed Equity Escrow to hold shares of Reorganized WMI common
stock for distribution based on the resolution of disputed equity interests. A dismissal of disputed equity interests
will result in a distribution to common shareholders of Reorganized WMI consistent with the allocation of, and
manner of distribution of, common shares on the Effective Date. The shares and any cash distributed on behalf of
the shares are held in a separate escrow account that is not recorded as an asset of the Trust. The Liquidating
Trustee is the escrow agent for the Disputed Equity Escrow. The Disputed Equity Escrow is taxed in a similar
manner to the DCR (see description above). All expenses of the Disputed Equity Escrow (other than taxes) are
borne by the Trust. As of June 30, 2015, there were approximately 2.9 million shares of Reorganized WMI common
stock in the Disputed Equity Escrow.
On December 23, 2014, the Bankruptcy Court approved a settlement of certain Disputed Claims that would allow a
distribution from the Disputed Equity Escrow. On January 5, 2015, an appeal was filed in connection therewith,
which appeal has been dismissed with prejudice. (See Note 10) Based on the D&O Settlement Agreement,
approximately 1.4 million shares of Reorganized WMI common stock will be redistributed from the Disputed
Equity Escrow on the next Distribution Date ",

[ See http://www.kccllc.net/wamu/document/0812229150730000000000001 ]

This is the Key factor:
.... distribution to common shareholders of Reorganized WMI consistent with the allocation of, and
manner of distribution of, common shares on the Effective Date.; so in my opinion the initial ratios described bellow still apply

( See http://www.wmitrust.com/wmitrust/document/8817600120730000000000001 ):

" In the Initial Distribution, newly issued shares of the
Company’s common stock were distributed to claimants who elected to receive such common stock, as
well as claimants in each of Classes 19, 21 and 22 under the Plan. Class 19 included holders of preferred
securities identified as the REIT Series, Series K Perpetual Non-Cumulative Floating Rate Preferred
Stock (“Series K Preferred Stock”) and Series R Non-Cumulative Perpetual Convertible Preferred Stock
(“Series R Preferred Stock”), in each case as defined in the Plan. The chart below summarizes shares
issued to claimants in Classes 19, 21 and 22 and the conversion ratios for each class...."



If this were true/right, it would mean that the distrubution of 1,4 million WMIH shares on August 03, 2015 was not correctly developed/done by the distributing agents


kind regards