Mr Cooper Group Inc fka COOP

[AZCowboy]

~ Hello JJ', And As Always You Are More Than Welcome ~

"What's your thoughts along these lines, the possibility of seeing any of the P interest?",

Well, as always, using my experience in the legal world, I always try to be objective to the process, without applying any of my own views of right and / or wrong', ... so, I do understand how that original WMI (BK remote) subsidiary would have transitioned into a WMIH (reorganized) subsidiary', ... and' how any of the company's preferred (all of them) would be encompassed within the management of either a pre-BK WMI issued "P", or a post reorganization WMIH issued A' & B' ... I don't have to like it, (as a "P" owner myself), but, after studying the process, I do understand it' ...

anyway, ... turning the page' ... and a few things that I've found interesting' ...

So, after a review on the inbound earnings and the outbound costs and expenses, ... It Appears To Me' That The Amounts Remain a Positive' ... the earnings do exceed the costs' ...

So, ... now apply the fact that the cost / expense reports actually end at 12/31/2017' ... this is important' ... the A & B preferred coupon was originally 3% per quarter to be paid in cash' ... obviously that was done' per the reports' ... BUT', ... what happened at the end of 2017 ?, ... Well, ...

That's when the "Ownership Change" occurred, ... and' ... beginning in 2018, through 2019, and now 2020' ... the A' and B' preferred coupon converted to a semi-annual 5% payable in WMIH (now COOP) common shares' ... which ? ... has not been paid to date and has been accumulating ... think about that, it's a very big deal ...

so yeah, all of those crazy numbers of returns were simply crazy of course, along with the ridiculous 75/25 distractions', and I see that the documents filed continue to be ignored in lieu of guessing' ... the LT has terminated its registration' ... yeeeeesh' ... I guess that' fact is impossible to get through a concrete block' (the if, if, if, if, ?, and co.) ... it doesn't matter ... "it is what it is" ...
https://www.sec.gov/Archives/edgar/data/1545078/000119312520028189/d884336d1512g.htm

anyway, ... so, the "P's" generated interest earnings were not all used, and they have now had three years 2018, 2019, and 2020 to continue to earn without being tapped', ... as again, that Ownership Change came with a retroactive 5% semi annual coupon to be paid to the A's and B's with the company's common shares' ...

Things are still good' ... as I've said there's PROOF of value, ASSET VALUE and INTEREST EARNINGS Being Generated', ... yeppers, it is all over the place' ... I hoped that was helpful' ...

AZ