Mr Cooper Group Inc (COOP)

[BBANBOB]

Something hit me this a.m.
IF as we suspect has happened here and that being that WMI in 2005-06 ALMOST EXACTLY 1 yr before filing, and all of WMI's subs moved to Deleware as well almost exactly 1 yrs prior to the bk, imho this was BOBVIOULSY DONE if yo will in anticipation of the possibility or measure to assure if WMI went bk in the future was to protect assets from the CLAW BACK PROVISION.

Now to my main point I am getting at here.

NO asset previously OWNED BY WMI can return to the reorg debtor WMIH..........

IF as we suspect that SPE's were in fact set up 1 year prior(2005-06) and were held OFF BOOK, WMI didn't own them PERIOD!!!!!!!!!!!!!!!
Remember Justin got shot down 3 times attempting to get this on the record, but the JUDGE rightfully so ,would NOT ALLOW anything no directly held BY THE DEBTOR to be brought up in court.

So IMHO there very well may be a share exchange that takes place here, 3.5 BILLION shares is on heck of a lot share people.
Now is wmmrc is being run in a run off mode so be it, anything loan wise they hold that gets paid off or bought or interest/principal paid we get in cash.............

THE SPE's off book can be bought with the 3.5 bill shares and the assets come to WMIH...........


But HMMMMM what about the SPE's,TRUST's ect HELD OFF BOOK and NOT IN WMI's name as being owned by WMI.

IMHO any and all of those NOT being previously OWNED BY WMI, could be bought back from legacy holders in the way of a combine cash and shares exchange........

All the filings paraphrased indicated

NO ASSETS OF THE FORMER DEBTOR CAN RETURN TO THE RE-ORG'D WMIH...................doesn't say word one about what was not owned by the DEBTOR WMI, now does it. To be totally qualified to be an SPE, ownership/ title must be relinquished by the original owner.
I had always wondered how this all could come back here and this JUST MIGHT BE THE AVE,it's all about lawyers wording, but in short SPE aint WMI's may have been once but if they made it to an SPE they aren't now.


Chime in please as this may or may not be what is gonna happen