Mr Cooper Group Inc fka COOP

[hotmeat]

There seems to be a hang up with the term cancelled in that it is taken similarly to a situation where a bankruptcy estate "cancels" it's equity and shareholders get nothing.

In our case the old Equity certificates and documents were voided and transformed into new "Markers" that represent our continued ownership interest in the "Original WMI Estate".

This means that we retained all rights of old Equity, albeit modified by the POR, but the former contracted terms each series held with the Estate were terminated.

Therefore the unsupported narrative where "Commons are the owners of the Original WMI Estate" is not only incorrect but also goes against the new "LAW" of the case.

The POR applies since if Equity was cancelled, as per POR 6, based on this theory, Commons would still be able to receive distributions from SH assets since they "owned the WMI Estate" and those assets are bankruptcy remote right???

An event such as the above occurring would, IMO, defy logic and the outcome of every bankruptcy proceeding that has ever been adjudicated and resolved in modern history and as such is therefore fallacious.

ALL assets belonging to WMI/WMIIC prior to, and after Sep. 2008 that were not sold or utilized to pay Creditors are now 100% owned by our "Markers", with the WMILT acting as a liquidator and distributor, not a deal negotiator!!!.

Once the LT is legally able to retrieve any Beneficial Interests that we suspect are being protected in Safe Harbor, they will be able to fulfill their mandate to Equity holders.

AIMHO