Mr Cooper Group Inc (COOP)

[FredMiller]

so here goes: it means nothing , and no monetary or stock will be issued to make former investors in WAMU "whole"... why?.... all common and preferred stock was cancelled, extinguished, and all rights to former dividends for preferred are null and void...amended POR 7 states, Title to assets belong to reorganized debtor, JPM, FDIC, and WMIL-T...WMI states stock was given in return for values held in the old company... all preferred shares were converted to equity, and equity was paid when releases were signed....

Lodas,
Everything was cancelled and voided. LTI's and escrows were used to pay everyone. I'm not sure if you read long ago that LTI's will be given equity holders "if" the assets can be monetized. Simply saying just because they were cancelled means it's over is not correct. If that were true nobody would have received anything if canceling stock preventing distribution.
Canceling stock is apart of moving forward in the distribution which escrows is a perfect example of.
Now escrows are done and over with and issuing LTI's is next.
WMILT is done and over with.
WMMSC received a merger Feb 8, 2023
That changes things and assets need to be acknowledged. WMI owns WMMSC and assets will be monetized which leads to LTI's.

Now if you believe WMILT is going to inherent 20 billion plus in asset Backed Securities (WaMu Asset Acceptance Corp) and then transfer that to WMIH now know as MR. COOPER.... WELL now that is hard for me to believe. But either way someone is getting 20 billion in assets. I highly doubt MR.COOPER is going to get it.