Mr Cooper Group Inc (COOP)

[lodas]

This post is a total croc of Sh*t, and displays a total misunderstanding of the differences in settlements of chapter 11, an chapter 7 bankruptcy filings...
(1) chapter 11 is a company restructuring of assets whereby the Creditors are paid values for their holdings according to agreements between creditor, and debtor, and signed by the court...any assets remaining BELONG TO THE EMERGENT COMPANY TO CARRY ON THE BUSINESS, AND TITLE TO ASSETS BELONG TO THE COMPANY, NOT SHAREHOLDERS!!!!!!!!!!
(2) a chapter 7 is a LIQUIDATION OF COMPANY ASSETS, WHEREBY CREDITORS ARE PAID WITH EXISTING ASSETS FIRST, THEN IF THERE ARE ASSETS REMAINING, THEY ARE GIVEN TO SHAREHOLDERS......... the company then ceases to exist!!!!!!!!

WMI was a chapter 11, the creditors were paid, existing shareholders given stock in a new company, and ALL TITLE TO ASSETS BELONG TO THE DEBTOR.......you are not a shareholder in old WAMU, or WMI assets, as they were cancelled , extinguished, and all rights unto previous prospectus are null and void.... what you are is a shareholder in the new company called WMIH, which were given to you, in exchange for your release signature.... YOU POSSESS NO RIGHTS TO FORMER ASSETS OF WAMU, OR WMI.....and stop laughing until these facts are understood....Lodas