Mr Cooper Group Inc (COOP)

[hotmeat]

Class 17 are an FDIC issue with nothing to do with us directly,...but indirectly their payment may result in the process moving forward more quickly to a final resolution.

A for your Commons theory the facts below says it all, which nobody can explain away or deny occurred.


Quote: "23.3 Cancellation of Preferred Equity Interests: Notwithstanding the provisions of Section 23.1 hereof, on the Effective Date, all non-REIT Series Preferred Equity Interests shall be deemed extinguished and the certificates and all other documents representing such Equity Interests shall be deemed cancelled and of no force and effect.



Quote: "25.2 Cancellation of Common Equity Interests: Notwithstanding the provisions of Section 25.1 hereof, on the Effective Date, all Common Equity Interests shall be deemed extinguished and the certificates and all other documents representing such Equity Interests shall be deemed cancelled and of no force and effect.


Again, seems you don't know what LIQUIDATION Basis of Accounting is or refuse to accept what it is. The LT cannot account for assets not yet in it's possession. Those QSR's as of now mean nothing when it comes to possible SH assets.