Mr Cooper Group Inc (COOP)

[hotmeat]

For that statement to mean what you claim it does it should have read..."to serve as a mechanism for liquidating, converting to Cash OR distributing the Liquidating Trust Assets..." Your premise makes no sense when the statement is taken in totality. Again read what was stated, shares being liquid is irrelevant when taken in context of the LT's mandate. It's basic English!


Liquidate (1): close down · wind up · put into liquidation · dissolve · break up · disband · terminate

(2): convert to cash · convert · cash · cash in · sell off · sell up

Convert to Cash: self explanatory!!!

Distribute: give out· issue · dispense · administer · pass round · dole out · allocate · allot · apportion · issue · hand out · deliver · convey · transmit


From the above definitions the LT stated, "to serve as a mechanism for winding up, converting to cash and allocating the LT Assets".