Mr Cooper Group Inc fka COOP

[Large Green]

hotmeat, you said the following.

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Exchanging assets for shares does not equal "Converting to Cash" in any way.
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I am not sure what you do not understand. WMILT is set up as a pass-through conduit entity that would receive shares from WMIH in payment for beneficial assets (although not literally due to it being a pass-through entity) then liquidates them to the signed releasors accounts.

The pass-through is just that, the payment from WMIH in shares does not literally stop at WMILT for any length of time - it passes through.