S4V is based on ESC holdings. COOP's non-legacy WMI holders are not part of S4V of WMI's assets.
As AZ has noted; COOP is prepared for an S4V event to WMI ESC holders. The last last 3 8-K have support the 10-K with perpetration for registering new shares.
=> AZ is Right < =
"Where did it go?? The reorganized COOP, like AZ is saying?"
If so, WHO is responsible of letting all the 'new investors', get the value that Legacy Escrows deserved? And WHY did the major holders of these legacy escrows allow it?