Replies to post #418998 on Mr Cooper Group Inc (COOP)

[rockie101]

Mile Thanks...to tell you the truth I don't know what to believe....just waiting.....also just want it to get over with and let it be a thing in the past....win or lose.

[forestflanigan]

Are the hedgefunds pre or post seizure LTI holders? If the later then there pretty much screwed to.

[yx88hc]

>>The word ELIGIBLE could mean pre-seizure or it could mean post-seizure those who signed releases..<<

You were not paying attention. The following sentence clearly states:

Eligible former shareholders are those who timely submitted relevant documentation, including the release required under Section 41.6 of the Plan.

[barefoot123]

Travelmile, nice post. I think fair and reasonable would equate to the shareholders who bought wamu before even a thought of a downturn took place; those who really believed in Wamu. To me that excludes those seeing the price plummet and seeing $3, $2, $1 etc. and trying to bottom feed.

For those people (the believers) I would say, yea.. distribute the LTI proceeds to them. I wouldn’t have much of a conscience if I thought otherwise. Those are the ones who were really bent over. Just let the value of my WMIH shares grow (hurry please).

If some comes my way however, I will think of my children and their families (not having an easy go of it) and the living trust the proceeds will go in.

EDIT; I am not a pre holder.

[Boris the Spider]

Pre and post seizure cusips are the same. If you owned the stock pre seizure you are fine. If you bought post seizure you are also fine because you took a high risk buying a BK company and will be equally rewarded for your risky investment.

As long as you granted the releases and got escrows, all escrow owners will be treated equally.

[popcorn202]

I can not believe that all of the bond holders that bought after the bankruptcy for pennies on the dollar will not get their full return. Those are primarily the Hedge Funds who bought all that debt at cheap pricing. They are being paid in full so why wouldn't equity be paid in full?

[sidedraft]

Virtually all concern, consternation and angst would vanish, if the following were to memorized and believed, "A share is a share, is a share". And go from there.