Many of the BK WMI Institutional Investors Held Class19.
Class 19 investors have not been satisfied by COOP PPS and was never meant to by Plan 7 design.
For COOP to satisfy P’s $1,000 face value COOP would need to be at $606.06 PPS.
The BK would never rely on the reorganized PPS to satisfy a claim.
WMIH would need to be $1,000 just to satisfy face. Hence; Retained Earnings of now ~$25 Billion. Class19 is paid with a bonus. I said this long before Alice did.