Replies to post #416235 on Mr Cooper Group Inc (COOP)

[BBANBOB]

This woke me up last night at 4:30 so I went through my memory to freshen my mind(HARD TASK).



"All I know is we Have THE HODLCO AND XYZ Properties corp IN TOTUM and XYZ pays the shareholders of HOLDCO monthlys on the properties held within XYZ "

REVISED

Just remembered about 3-4 yrs ago we moved from a SUB Chapter C corp to a sub Chapter S corp.
We went out solicited a one time off to buy shares back we got down to few enough shareholders to move to a S corp and when we did XYZ was created as a seperate stand alone and now pays shareholders monthly instead of the money going to HOLDCO allowing it to FLOW THROUGH as dividends to shareholders.

ALTHOUGH at one time we were set up exactly like the BIG BOY BANKS , I am wondering if our PRES saw what happened with the BIG BOY BANK WAMU and further protected the assets by creating XYZ under a 100% separate CORP umbrella , owned soley by THE PARTNERSHIP OWNERS(shareholders).

ALSO we are not a publicly traded corp