Mr Cooper Group Inc (COOP)

[ron_66271]

Newflow, You have drawn the wrong conclusion.

JPM is taking ownership of the WMB Notes. Class 17 will have deemed to Release JPM upon payment. The WMB Jr. are showing a "Underline stock symbol" for JPM commons. In the WMB Notes prospectus, the Notes can be redeemed for WMI shares when WMI owned WMB. After the CIC, JPM will own WMB and can redeem WMB Notes with JPM common shares, and be Released.


WMIPF [TPS];
During the TPS Exchange Event of $4B, The $4B went to WMB/JPM, but NOT the over-funding of ~$10B-ish. The over-funding remains with WMI for Class 19 because it's their property. JPM reimbursed WMI for the $4B Exchange Event in the 363 Sale.

Remember; The WMB Noteholders won twice. WMI I "the WMI Action", WMI II "the WMB Action".
HLCE,
Ron