Mr Cooper Group Inc (COOP)

[lodas]

Samurai....If you look at the past years of my posting, you will see that it was all about the coop stock, and mostly never about the bk, per se...I am not a bk lawyer, schooled in these matters, I read the posts, and a lot of times I said be wary of counting chickens before they hatch, or more specifically counting monetary returns before they materialized..it was only yesterday, that I got really involved in the conversation about bk matters ....The points were being connected all the time, we just did not want to see them as the conversation continually revolved around 75/25, Safe Harbor, the takedown of Wamu, and many other non relevent topics....the real topic was were there assets, and who held them? many posters discovered that there were indeed assets, but who did they belong to?....here are the dots that were appearing all these years we did not connect.... (1)...what was A/M managing?... well they were set up by WMI to manage the trust..what trust? was there money?... yes there was money, lots of it because they were paying A/M millions to keep records of it.. (2) whose money was it?... was it going back to shareholders, or did it belong to the restructured company A/M was being paid to manage?...(3) where did the 65 billion in new mortgage servicing come from?... was it the portfolio already owned by Wmi...(4)..J Bray and the CFO bought millions of shares of common stock at 9.40.. there was a dot there, but it got very little traction on the board.....Institutions were buying the stock to the tune of 88%... why?...Tepper sold most of his common stock?.. why? did he forsee that the escrows were going worthless? (5) the bridge loan... there was another dot... if the assets were going to be given to shareholders, how could they borrow 2.5 billion dollars from the bank?...shareholders were never part of the bank financing were they?.. Wmih held the assets and they backed the loan with assets...what assets? where were these assets?...on and on and on.. the board was talking about HLCE, and not the real issues of.. who owns the assets, and where were they?....so don't kill me, I am just the messenger, asking questions too... Lodas