Mr Cooper Group Inc (COOP)

[tx2308]

To diamondguru-one

Please see
http://seattlepi.nwsource.com/business/381253_wamu01.html

It seems your missing some info...

"What remains is the holding company, which is what shareholders have an investment in. WaMu stock has been delisted from the New York exchange, and now trades on the so-called "pink sheets" under the symbol WAMUQ. Stripped of its principal asset, the holding company has filed for Chapter 11 bankruptcy protection in Delaware. The court will now try to determine what assets and liabilities the company has, and how the remaining assets are distributed to creditors.

Analysts say some debt holders may see some return of their money, but common shareholders, who are last in line in seniority of claims on the company, won't see anything.

Even so, some WaMu investors cling to the hope that there will be some money for them as well, or that payment can be forced through some sort of legal action, to judge from postings on several financial message boards.

The holding company said in a Securities and Exchange Commission filing Tuesday that while it lists nearly $33 billion in assets, that includes its stock in Washington Mutual Bank, now in an FDIC-managed receivership. FDIC has indicated "it does not anticipate there will be any recovery to the company for that common stock interest," WaMu said."