Mr Cooper Group Inc (COOP)

[hotmeat]

I'm taking your word that the docs stated that in the event of a bankruptcy the "liquidation preference is activated", the "Trust is converted into cash" and is "distributed to Shareholders".

Simple question,...did the document specify how Preferred would be treated if they were not paid in full, reclassified as equity and were cancelled along with Commons, including ALL documentation???



Also, as you stated, WMI maintained a 3% ownership in the WMCT 2001 Trust.

Please explain how that legacy ownership does not pass on to the WMILT since they are obviously WMI's sole "Successor In Interest"



Successor in Interest Law and Legal Definition. The term successor in interest means a successor to another's interest in property, especially a successor in ownership of a business that is carried on and controlled substantially as it was before the transfer.