Replies to post #398461 on Mr Cooper Group Inc fka COOP

[AZCowboy]

Just some rough numbers since the 12/31/2013 filing of the 10-K, as of the 10-K the RON's were roughly valued at 106m (81m first lien & 25m second lien) now calculating that the Trust will distribute the RON's to LTI Piers holders on the 1st of May, as stated in the 10-K, and taking into consideration roughly 23m piers securities ....

Each piers security held would (again roughly) generate a distributed RON' valuation for the upcoming distribution in the neighborhood of a RON value' of $4.60 per and the maintaining of the note until the 2041 maturity date

Or obviously a holder of the soon to be distributed RON's would be in a position to sell their individual received asset

The recent finalization of United Guarantee, since the 12/31/2013 10-K filing, will also play a part, however, I would need more information regarding that transaction before making a comment

I am sure their are many Piers holders that frequent here that may want to comment further, as I am sure they would have done a bit of DD prior to becoming involved with their individual purchase

I don't own any of these securities, however since their finalization is directly related to equity, I follow them closely .... Or Well, I probably won't past the May 1st distribution, but just sayin

AZ

[GO4AWILDRIDE]

L.G.

What part of the LTI can't close out CLASS 16 until it is paid in full!

What part of that do you not understand?

No money will flow down to CLASS 19/22 until CLASS 16 is PAID IN FULL PLUS ACCRUED INTEREST .

Your statement of closing off the PIERS before they are paid in full is nonsense and you know it.

Does not matter when the California Tax issue is heard, if money is collected it will flow to the PIERS until they are PAID IN FULL!

EDIT: PS I hope you are correct about billions flowing to equity but the PIERS WILL BE PAID IN FULL FIRST before that will ever happen. I own P's & U's and I hope the waterfall reaches them too.


GO4AWILDRIDE