Mr Cooper Group Inc (COOP)

[lodas]

there is a misconception on this message board that has persisted for years by which it is said the shareholders "own the estate"... this statement is false as illustrated by the following points:.... (1) WMI states that TITLE TO ALL ASSETS BELONG TO THE REORGANIZED DEBTOR , now called WMIH by reorganization...(2)... shareholders own assets minus liabilities call equity... thus, shareholders own the accumulated equity of a company which is solvent, NOT THE CORPORATION ... (3) WMI went through a reorganization of assets where creditor claims were paid as well as equity values in the old company were completed, and emerged from chapter 11 as a different company with new shares being issued to former shareholders as a continuum transfer, not a liquidation of the prior company....in essence the same "ship" with another name and different executive officers... Lodas