Mr Cooper Group Inc (COOP)

[lodas]

@b3.....WMI stated that common equity, and preferred stock were CANCELLED, EXTINGUISHED, AND ALL RIGHTS TO THE PROSPECTUS IS NULL AND VOID.......it also states that "Title to all assets belong to WMIH, JPM, and the FDIC.........question: if WMI gets signed releases which allows them to cancel the stock, and the prior values inherent in the previous ownership as beneficiaries, does that NOT ALSO CANCEL THE BENEFICIARY OWNERSHIP OF COMMON AND PREFERRED HOLDERS OF THOSE ASSETS?????.....said another way:.... by signing a release, one signs his beneficiary rights to previous ownership of assets that were rightfully his....IMO, this is why WMI states that "all title to (previous) assets belong to WMI, JPM, and the FDIC....as you stated, chapter11 is a very complex legal procedure , and requires RELEASE SIGNATURES by the shareholders that own the company, and creditors who possess claims against any earnings...having said that, the FDIC is now holding a 14 billion dollar loss on the balance sheet which has first priority to any remaining assets generated by these Trusts...however, the FDIC has said, that they do not foresee any relief for common and preferred equity...WMI has said the same when they declared the equity classes 19, and 22 as being "impaired" from future recovery...... thank you for your post.... Lodas