Mr Cooper Group Inc (COOP): Newflow how many times do people have to...

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Mr Cooper Group Inc (COOP)

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Re: newflow post# 594825

Sunday, 11/03/2019 4:29:53 PM

Sunday, November 03, 2019 4:29:53 PM

Newflow how many times do people have to tell you there will be no LTI's issued, The Estate is broke the Liquidating Trust have no MONEY to distribute,PERIOD!! The Trust only has restricted cash of $575M and about 30M unrestricted cash meaning they dont even have enough money to pay class 18 next in line which I believe is around $52M. The 200M shares of common stock is useless not even worth distributing among so many.The unrestricted cash is pretty much the $600M KKR lend WMIH for acquisitions. They are basically making no money at all, LOL!!

Any distributions for class 19 or class 22 will come from protected remote assets manage by A&M which are class-specific. Do you finally get it or do we have to explain it again?

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