Mr Cooper Group Inc fka COOP

[ron_66271]

This Math Doesn’t Work.

WMIH-1(the Former) created WMIH-2(the Latter) to merger/acquisition with NationStar.

WMIH-1 went silent/Private to not commingle WMI legacy assets with NationStar investors. Not NationStar property!

Trading symbol; WMIH then changed to COOP with a 1/12 split.


The Assets are not with COOP.

The Assets were placed in Trusts in Plan 6 to move the assets off the books by AAOC.
But the Equity Community Presentation proved the assets value of $25 Billion, and was granted control of the Litigation Trust/s for the equity classes. All on the Property!
Plan 7 was only for paying Creditors.


COOP has no part in these protected assets.

All WMIH-1.

• Retained Earnings from the February MOR of $25-$27 currently split 75/25% between class 19 and 22.

• The FDIC Receivership Claims for WMB and it’s Assets against JPM.

• Roughly $43 Billion in unaccounted for Assets held by WMI.

• More(other assets).


These other NOL’s you referenced would belong to WMIH-1. Largely to Class 22.

Please show us your reasoning.
TIA.


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For Bonus Points;
How are the TPS of Class 19 going to be paid?

No one has even attempted to answer the question.

The TPS payment method is the answer to the question.



Ron