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Post# of 735066
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hotmeat

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Re: fredmiller1999 post# 543137

Saturday, 10/20/2018 12:44:17 AM

Saturday, October 20, 2018 12:44:17 AM

Post# of 735066
Quote: "Once the judge closes this bk assets come back to wmih/coop to support that falling 14 bucks."


Please explain how COOP, which is a completely new and separate entity from WMI, is entitled to legacy WMI assets???

If they were the continuing WMI business, why didn't they also acquire WMI's existing liabilities (Piers debt etc) in addition to the assets they received in the POR???

25.2 Cancellation of Common Equity Interests:.., on the Effective Date, ALL Common Equity Interests shall be deemed extinguished and the certificates and ALL other documents shall be deemed cancelled.

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