Mr Cooper Group Inc fka COOP

[lodas]

PickStocks.....as you know, in a chapter 11 reorg.... everything is put before the judge to restructure the company... IMO, everything was put before the judge, as well as the Safe Harbor assets residing in Wmi Holdings...when she had to seek the remedy for colorable insider trading, the mediants drafter POR 7 to include old shareholders in the new company...now, in a chapter 11, the applicant must pay off creditors their claims, first, as you are aware... ask yourself, where did the money come from to do this?... wasn't A/M keeping books for the WMILT to pay off creditor claims, and from what source were these funds coming from?...It had to come from Wmi holdings, because Wamu was in receivership, and broke, because JPM took everything...Wmilt paid hundreds of millions to the attorneys, and billings for A/Mplus creditor claims to get Wmi out of chapter 11...so, to answer your question about the catch up in accrued interest on those 51 quarters? that the board is expecting,... who will write the check?.....coop can't do it, it is a sub of Wmih, can Wmih do it if they are 8.4 billion in short and long term debt and covenants would prohibit this disbursements...also remember, special dividends to stock holders are declared by the BOD when there is excess equity buildup in the company, and they don't plan to use these monies for special purposes, so they give it back to common shareholders...maybe, with the sale of Xome, coop will have about 400 million in cash, and use it to buyback shares.. who knows?.....Lodas