Replies to post #398467 on Mr Cooper Group Inc fka COOP

[Large Green]

bk, you have a real challenge with understanding that I have no advanced information. The message board is supposed to be for discussion or one's opinion on what they think will or will not happen.

It really does not matter one iota what you and I really think because this has all been decided a very long time ago. It is that I just do not know the outcome yet, rather just positing on the possibilities based on what has happened...hence reading the tea leaves so to speak from past filings and other.

You do not have to hold me to anything, I, unfortunately, was not contacted when the decisions were made. All I can say is what I have said many times and this is based on the past filings and other readings that I think escrow share account owners will see a large return.

This is before the final closeout of the P&A which the FDIC wants to be in September 2014. This is UNLESS the FDIC moves the date further out into the future, then of course, I will move forward as well...common sense IMHO.

Again, if your larger position is in Preferred, then you really have nothing to worry about but if the opposite is true...well I cannot help you!

[AZCowboy]

As simply as I can explain this, however, I would always recommend a security holder read the information for themselves of course, or pay an attorney a few bucks to help if necessary

... the 12/31/2013 10-K stipulates to the last Trust Asset (The RON's) are to be distributed to the last creditor (The Piers) and as obviously stated, the holders of LTI's, again the Piers

That's going to be it ..... there is no more money in the Trust and there are no more assets within the Trust to sell .... as far as Bankruptcy Procedure goes ..... she's over' ... all of the assets have been either liquidated or distributed to all of the creditors ..... The WMI Bankruptcy Liquidating Trust has finished' its asset distributions

Then Tranche 4 within the distribution Matrix will be completed ... closed down just as we closed down Tranche 3 back in November 2013

Again, that's it .... NO MORE MONEY or ASSETS, THERE IS NOTHING LEFT TO DISTRIBUTE

Then we have to move on to scrutinize any claims with Tranche 5 (Rule 510(b)) issues and all of that ... conversations for a bnew day

Maybe in the mean time, after a few days, weeks or months, The Trust collects a few tax refunds or maybe some D&O money .... or maybe a claim that somehow got all messed up and is discovered while working through Tranche 5

It's all described in the Plan of Reorganization

The Liquidating Trust will have nothing left to distribute, asset or cash, after the May 1st, 2014 distribution of the RON's with the exception of a few bucks for expenses ... so we, procedurely, shut down the last creditor class (Tranche 4) and move on along

AZ