Replies to post #412970 on Mr Cooper Group Inc (COOP)

[GO4AWILDRIDE]

G.N.

and u have a tax mess every year.

WRONG MINE ARE IN ROTHS SO NO TAXES

Did piers get markers. Nope.

WRONG PIERS DO HAVE MARKERS AS SCOTTRADE NEEDED MARKERS TO GET FIRST AND SECOND LIEN NOTES IN THE CORRECT ACCOUNTS

And we will continue our fight for another extended three years while u claim piers on your tax return without getting paid.

WRONG I HAVE BEEN PAID AND EQUITY STILL HAS NADA NO CLAIM NEEDED ON MY TAX RETURN AS THEY ARE IN A ROTH ACCOUNT.

I GUESS IT COMES DOWN TO THE FACT THAT SOME OF US WERE SMARTER THAN THE MAJORITY OF THE REST AND TRADED IN A ROTH ACCOUNT NOT A TAXABLE ONE.



GO4AWILDRIDE

[nranger]

'Did piers get shares of wmih???? Nope. Equity did get paid before piers.'

That's an excellent point. At settlement time I received 25,000 WMIH for my P-K-U. I also received many escrow markers and whatever potential they may have. My PIERS gave me none of that.

[bkshadow]

LTI Payments Per LT Governance Requirements...

gold-nugget

Also u have to wonder and think why r piers not being paid. The LT has the money. But but but y no payout to piers. One have to think.

It is pretty simple, there is no mystery.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110338537

13. When will the Liquidating Trust make distributions?

After initial distributions have been made on or after the Effective Date, in general, the Liquidating Trustee is required to make quarterly distributions during the term of the Liquidating Trust. Subject to the exceptions that are described in Section 14 of these FAQs, the Liquidating Trustee is required to make distributions to Liquidating Trust Beneficiaries in accordance with the terms of their LTIs and the distribution priorities on the first (1st) day of the second month in each fiscal quarter during the term of the Liquidating Trust or such other dates that the Liquidating Trustee determines, in consultation with the Trust Advisory Board, are appropriate from time to time.


14. What form will distributions take?

On each Distribution Date, the Liquidating Trustee is required to distribute to the Liquidating Trust Beneficiaries, in accordance with the terms of their LTIs and the distribution priorities, all unrestricted cash then on hand (including any cash received from the Debtors on the Effective Date), except such amounts:

(a) as are reasonably necessary to fund the activities of the Liquidating Trust;

(b) as are allocable to, or retained on account of, Disputed Claims in accordance with Section 26.3 of the Plan (refer to Section 9 of these FAQs);

(c) as are reasonably necessary to meet contingent liabilities and to maintain the value of the Liquidating Trust Assets during liquidation;

(d) as are necessary to pay reasonable incurred or anticipated expenses (including, but not limited to, any taxes imposed on or payable by the Debtors or the Liquidating Trust or in respect of the Liquidating Trust Assets); or

(e) as are necessary to satisfy other liabilities incurred or anticipated by the Liquidating Trust in accordance with the Plan, the Global Settlement Agreement, or the Liquidating Trust Agreement.

Notwithstanding the foregoing:

(f) the Liquidating Trustee is not required to make a distribution if the aggregate net amount of unrestricted cash available for distribution on any given Distribution Date (taking into account the above listed exclusions) is such as would make the distribution impracticable as reasonably determined by the Liquidating Trustee, with the consent of the Trust Advisory Board, in accordance with applicable law, but only so long as such aggregate amount is less than Twenty-Five Million Dollars ($25,000,000.00);

[bkshadow]

Debt doesn't and Equity didn't, actually...

Did piers get shares of wmih???? Nope.

No, as debt, along with the other $7 billion in debt and accrued interest, debt was paid in full. Equity negotiated for WMIH, more below, but PIERS as debt estimated to be paid in full, doesn't qualify for shares in the reorganized debtor.

Equity did get paid before piers. We got wmi shares and markers for future payments.

Actually, no. Equity negotiated with for the reorganized debtor. WMIH was set up with two assets, one from the debtor with offsets and one 'side settlement with the AAOC.

1. WMIH, with WMMRC, value offset by runoff notes = $-0- net value per the confirmation.

2. $75M cash (and loan availability) paid by the AAOC via a direct 'side settlement; not within the payments under the priority rules of the bankruptcy court. So, technically, in compliance with the APR, equity didn't actauly get paid ahead of anyone in violation of APR; and APR was mooted by class approval of the impaired classes.

Nothing mysterious here at all.

[hotmeat]

From the responses I do realize that most don't understand what you're trying to say. Upon the issuance of WMIH shares my cost basis for XX,XXX shares was less than $0.25 cents and the stock immediately traded above $1.00, reset to $0.50 cents and now trades at +$2.00. So "technically" some of us equity holders have been "PAID" already.