Mr Cooper Group Inc fka COOP

[Large Green]

wwhatthe, you said the following but YOU really need to clarify what YOU are trying to say:
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The Preferred and Common shareholders are the old original “WMI” Equity shareholders.
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There is no way pre-bk and post-bk shareholders can own the same preferred and common equity interest of the company and/or estate as shown below by their August 01, 2012, 8K filing. This 8K filing and more follow,
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Quote: "23.3 Cancellation of Preferred Equity Interests: Notwithstanding the provisions of Section 23.1 hereof, on the Effective Date, all non-REIT Series Preferred Equity Interests shall be deemed extinguished and the certificates and all other documents representing such Equity Interests shall be deemed cancelled and of no force and effect".

Quote: "25.2 Cancellation of Common Equity Interests: Notwithstanding the provisions of Section 25.1 hereof, on the Effective Date, all Common Equity Interests shall be deemed extinguished and the certificates and all other documents representing such Equity Interests shall be deemed cancelled and of no force and effect".

***ALSO 8K Filed 8/1/2012 to address this very topic***

Let us look at the actual August 01, 2012 8K filing that discusses this 75/25 issue. Annex C which is after the 2/24/2012 court approved POR 7, and after the March 19, 2012 Effective Date.

https://www.sec.gov/Archives/edgar/data/933136/000090951812000255/mm08-0112_8k.htm

Annex C - Item 1.01 Amendment of a Material Definitive Agreement.

Annex C to the Agreement was revised to clarify that holder of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full, AND that the distribution to Tranche 6 will be shared 75% and 25% pro-rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively.



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