Mr Cooper Group Inc (COOP)

[hotmeat]

Read the PR/filing that was put out with that distribution, they explained that partial shares were paid for in cash. Were you also a pre-holder? I believe that also had some bearing. Not 100% sure but maybe someone else could chime in.


This document has been posted "ad nauseum", I don't get the resistance to stated facts...please specify what exactly is not clear from the highlighted text below.


Quote: "In accordance with the Plan, the Trust will issue Liquidating Trust Interests to WMI’s former shareholders if, and only if, the Trust is able to monetize Liquidating Trust Assets in amounts sufficient to pay-in-full claims held by beneficiaries of the Trust who are senior to members of Classes 19 and 22, and then, only if a shareholder had satisfied timely all conditions applicable to receiving any such Liquidating Trust Interests. There can be no assurances that the Trust will be able to monetize assets in a manner sufficient to give effect to the foregoing.


So based on the above official LT statement, when Piers are paid in full, how will the ~$40M left be paid to Classes 19 + 22???