Replies to post #400468 on Mr Cooper Group Inc (COOP)

[iPrelude]

PLEASE REPORT THIS

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103360142

To your Bank/broker if you think this may have happened there as well

Thanks in advance

[creyno58]

Very bizarre post but could be right on the money. Bump for further analysis.

[Donotunderstand]

Only PIERS holders got a tranch 4 (?) level position

If all goes per plan - they will receive 10.50 a share and some interest - bringing it to about 10.59 now I think

Being short on cash - and having failed in an effort at a bulk saled - the LT has distributed RONotes to H holders

I believe the value of the notes - at par are about 35-40% of the eventual full pay out of 10.59 (assuming money is available and it so appears)

The notes are show at all different quantities in accounts

Others can be more precise but to know what you have in dollars (assuming these notes will trade at PAR 1 or 10 or 100 or 1000 or be redeemed at PAR)

Take the number of H shares you held

Multiply that by 10.60

That is your total claim against the Liquidation Trust

Take that number - which you should have seen in a dozen letters from the LT by now - and multiply by about 40%

That is the par dollar value of what you received

Based on knowing the total value and the quantity you own you can determine if your brokerage is using a PAR of 1 10 100 or 1000
(with 1 100 and 1000 all popular)

Again - more will flow to H holders as cash

This was a first payment on the 10.59 x # of H shares

Since that is a done deal
Since WMIH is a done deal
Since our other preferred and common ESCROW is a done deal

I am surprised that there is debate which is better and if people should have switched etc

I held all - with about 40% I think in H

So on those which I finally paid an average of say 3 bucks on I hope to get back say 11 bucks (including interest on RONs until called away)

I hope to make more on WMIH but we will see

I hope LG is right about the escrow shares or place marker having value or great and greater and greatest worth

I do not think so - as the only argument for that is to ignore the numbers and tranches and to assume Sussman did not decide to forgo lawsuits against the hedgies without a huge payout for us

That may be ture - 5% and its likely that Sussman knew that could take 25 years and settled or a lot less - right or wrong - and the escrows will not be how people get rich