Mr Cooper Group Inc (COOP)

[ReikoBlack]

This is from the WMI Liquidating Trust June 30, 2017 Quarterly Summary Report - filed 7/28/2017.

Note 9: Investment in Subsidiaries

"Since the Effective Date, the Trust had five (5) dormant subsidiaries without any active business operations. The subsidiaries adopted a plan of liquidation in October 2012. The assets held by these subsidiaries were comprised solely of cash and cash equivalents. On June 23, 2017, four of the subsidiaries were merged with and into the last remaining subsidiary, WaMu 1031 Exchange. Prior to such mergers, such subsidiaries distributed their remaining cash to the Trust. The Trust received $444,333 on June 27, 2017. The last subsidiary, which no longer has any assets, is expected to be dissolved by December 31, 2017."

http://www.wmitrust.com/wmitrust/document/8817600170728000000000001

Based on actual documents (FINALLY) there is now some proof that assets are possibly being hidden...YES I SAID IT!!!

Now, WHAT AND HOW MANY Assets / Interests did WM Rainier LLC and WAMU 1031 Exchange own?????????.


Here are the documented facts...…….form your own opinions.



1) In June of 2017 WM Rainier LLC was merged with and into WAMU 1031 Exchange with the resulting entity being referred to as the SURVIVING CORP..

2) All stock of WM Rainier LLC (owned by LLC) was cancelled while all stock of WAMU 1031 remained intact at Effective Date of Merger...WMILT AS THE "SOLE SHAREHOLDER", BENEFICIALLY HELD ALL SHARES OF WAMU 1031 AS OF THE MERGER.

3) Merger approved by a BOD (what BOD???) and "SOLE SHAREHOLDER"; ie the WMILT.

4) Director and Officer of SURVIVING CORP. seems to be Doreen Logan (Snr. VP) and Yana Soriano (Asst. Secretary).

5) At the Effective Date of the Merger, the SURVIVING CORP. owns ALL PROPERTY AND ASSETS of the merged entities, including TITLE TO ANY REAL ESTATE OR INTERESTS THEREIN conferred by DEED OR OTHERWISE.

6) The merged entities (WM Rainier + WAMU 1031) agrees to transfer TITLE AND POSSESSION of ALL PROPERTY, RIGHTS AND INTERESTS to the SURVIVING CORP., IT"S SUCCESSORS OR ASSIGNS, at any time, from time to time or WHEN REQUESTED.


NOTE: Point 6 would have already been implemented since the merger occurred in mid 2017. Whatever assets that both entities may have possessed are now likely with the SURVIVING CORP..