Mr Cooper Group Inc fka COOP

[WithCatz]

Monica, let me take those hypothetical's in sequence:

1) "Catz, What if JPMC withholds monies from us and not let us out of BK for not having enough RELEASES from us...????

-- Technically all JPM has their hands on is the $4b. The bigger chunk, the tax refunds, are in an three-way-escrow at Wells Fargo -- and it requires all three -- the Debtors, the FDIC and JPM to release any funds.

2) "FDIC, the same ...Can they?????"

-- The FDIC does not hold any of our funds. Just their claim onto tax refunds, in escrow, as above. As to "Can They", in EITHER case -- no. Under certification of counsil -- translated, "we all agree" and have our signature on it, the agreement has already been reached on how funds will be moved back and forth and disbursed. This plan also has been approved by the judge. You can't back out now.

{If a reader here is thinking - "there's always a way" -- then, IMHO, you're into the Asteroid factor. Sure, an Asteroid could hit and change things...}

3) "Also,,,,,Is the newco getting newname????"

-- Yes. But not out of the gate. It's likely just going to be referred to as "Reorganized WMI" for awhile. The new BOD would be the ones to come up with a new name, register it properly, etc.

4) "new CUSIP YET??????"

-- No, and may not be for awhile. The EC was very very very clear on this in their Q&A. Since the stock will not be traded for awhile, there is no need for a new CUSIP. And registration at the SEC will be hampered by the fact that the Debtors failed to keep up proper SEC reporting for nearly this entire time, thinking there would be not enough shareholders in "NewCo"

In their Q&A from 1/6/2012 - Docket 9350 --
www.kccllc.net/documents/0812229/0812229120106000000000006.pdf

Q: Will the stock of Reorganized WMI be tradable immediately upon emergence?
A: This will depend on a number of factors, including requirements imposed by the SEC upon emergence from bankruptcy. The new Board of Directors will evaluate the options available with regard to trading markets and determine what is in the best interests of the reorganized company. The stock will not immediately be listed on a nationally recognized stock exchange and may not ever be so listed. Reorganized WMI may be able to have its stock quoted on the OTCBB and/or the "OTC-Pink", subject to meeting certain eligibility requirements. Subject to the restrictions on transfer contained in the articles of incorporation discussed above and complying with applicable securities laws, the stock should be transferable if quoted on the OTCBB on OTC-Pink.