Mr Cooper Group Inc (COOP)

[AZCowboy]

~ There May Be More Too’ This Piers Issue Than Originally Meets The Eye ~

As I have said many times, … I “CHOSE” Not to participate in any of the Tranche 4, Class 16 PIERS Securities’ (WMI Debt) … I was “ALWAYS” truly interested in true Ownership if the Actual WaMu’ Estate’ … WMB Notes, by way of the Tranche 5 WMB Bank, Class Subordinated Debt, and ownership of WMIIC & WMI, by way of Class 19 & Class 22 Holdings’ …

… The Tranche 4 Creditor Class (defined) PIERS Securities were always referred to as, WMI’ parent corp. DEBT’ (needing to be paid) … BUT NEVER AS TRUE EQUITY OWNERSHIP in WaMu’ …

So, … at the time, The way I viewed things, … the PIERS Securities were capped’ at their recovery, … a capped’ rate of return, at a time determined date’ associated, with the Plan 7 Approval’ … (roughly a $240 million dollar time calculated value @ roughly 23 million shares, … or, … roughly $10.52 per share (ish’) … and’ … in the same fashion as the Tranche 5 WMB Class 17a Senior Noteholders, who were also given LTI’s for their “Fees & Expenses” utilized for the litigation’ … obviously the Tranche 5, WMB Senior Noteholders were NOT finalized’ … (reference; the ad-hoc Steering Committee in the August 2016 “Settlement”,) … nor, … in the same fashion, … would this be the last that we were to hear of the Original Tranche 4 Class 16 WMI Debt, or the PIERS issues’ …

… So, Back to the PIERS’ … So PIERS were issued LTI’s associated with their time determined capped value’, again, calculated at the Plan 7’ Implementation Date’ … so any continuing ownership ? … or, any continuing participation ? … beyond the Plan 7, Plan of Implementation Date (03/19/2012) … would be specifically aligned with actual ownership of the now reorganized WMI, or … WMIH-Corp’ …

I used to believe that WMIH-Corp’s … need to Reincorporate to Delaware was directly related to WMI Investment Corp. … along with the Original WMI Preferred Offering … and obviously the associated Cash Producing Machines’ Known as ABS-Certs (Trusts) … But there may be more’ involved here’ … substancially more’ … Plan 6 made it clear that the Reincorporation to Delaware, needed to be completed within’ NO LATER Than ONE YEAR From an exit into reorganization’ … But Plan 7 ? … Left this new company’s reincorporation mandate, open ended’ … I always found that to be unusual’ … ? …

So Here … We’ … currently are, as shareholders of the now reorganized Parent Corp. … WMIH-Corp’ … along with all of our Institutional Participants’ … as well as … We’ … continue to be Owners of the Original Estate, by way of our Releases submitted’ … (tracking markers, held) … and what do we’ have … ? …

Well, according to the SEC ?

WMIH-Corp is listed as SIC Code; 6199 … Finance Services’

Numerous Trusts (far from all of them participated in) are also listed as SIC Code; 6189 … Asset Backed Securities’

and then we have’ this, …

the original WMI Issue’ … (now of course, is reorganized into WMIH-Corp, and now of course, has reincorporated into Delaware)

https://www.sec.gov/Archives/edgar/data/933136/0000907303-01-500058.txt

An Actual True Blue, Original WMI’ … SIC Code; 6036 … Savings Institutions Not Federally Chartered’ … (now, the reorganized WMIH-Corp)

Descriptive; … SIC 6036 Savings Institutions, Not Federally Chartered

This category includes savings and loan associations operating under state charters and savings banks operating under state charters. Both savings and loan associations and savings banks fall under the general term "thrifts." Thrifts are financial institutions that exist primarily to hold retail deposits and make residential mortgage loans. The thrift industry is the second largest type of financial institution, after commercial banks. Thrifts can be either federally chartered and regulated by the Treasury Department's Office of Thrift Supervision or state-chartered and subject to regulation varying by state. This article discusses state-chartered thrifts and is intended as a supplement to SIC 6035: Savings Institutions, Federally Chartered. Much information pertinent to both federally and state chartered institutions is included in that article.

I’m just not so sure that, … everyone, … has been totally forthright with all of us’ …

AZ