Mr Cooper Group Inc fka COOP

[hotmeat]

That is correct Dm but as far as the bankruptcy goes this will not be an issue once all Creditors, ie Piers, are paid in full.

The purpose of Safe Harbor being bankruptcy remote is to prevent Creditors or the Debtor from selling off the Debtor's assets to pay claims.

In our case the Creditors are 99%+ paid off already therefore the major threat to any Safe Harbor assets and their investors has now passed.

The delay imo is that the bankruptcy must be officially closed to resume payments to WMI for any beneficial interests they held.

If I remember correctly, bankruptcies can lead to the suspension of distributions to the Debtor or in some cases investors for certain investments until the case is resolved.

If the PSA's state that in the event of a bankruptcy or receivership that Preferred stock must be paid in full, and once paid ALL leftovers are to be distributed to Common stock.


How would that work when we know the bankruptcy POR 7 cancelled all Preferred and Common stock interests and documents back in 2012???

In that case wouldn't it mean that non-releasing Common and Preferred shareholders would also be entitled to share in these distributions since Safe Harbor assets are bankruptcy remote???


Also, if POR 7 had eliminated all Equity, as in most bankruptcies, would we still be compensated when Safe Harbor assets were returned, as the PSA's stated???