Replies to post #427234 on Mr Cooper Group Inc (COOP)

[thony]

"obtuse" and "purposefully"

Lets see what you posted:

"Quote:
Reorganized WMI shall retain an economic interest in the Litigation Proceeds (and such interest shall not constitute a component of the Liquidating Trust Assets) equal to fifty percent (50%) of the Litigation Proceeds"

50 % of what ?

"...(ii) fifty percent (50%) of such holders’ Litigation Proceeds
Interest..."

What interest?

"... (i.e., Ten Million (10,000,000) shares of Reorganized
Common Stock, representing five percent (5%) of the issued and outstanding Reorganized Common Stock as of the Effective Date)..."

(50%) of (5%)= 2.5%

The economic interest of WMIH Corp. in any Litigation Proceeds of WMILT as per the POR is 2.5% , not 22.49%, the WMIH Corp. portion of the 37 Million D&O settlement is $925,000.00 but somehow it ended receiving $8,321,624.59.

The only two percentage values in all that section are 50% and 5% with 50% representing half of the 5% interest on the 10 Million stock election, nowhere in all the text says that New Co. will receive 22.49% of any Litigation Proceeds, nowhere, but somewhat I have been called "obtuse" which means "not quick or alert in perception, feeling, or intellect; not sensitive or observant; dull" .

Thank you for calling me "obtuse" realise that not everyone can have your high level of alert, perception,feeling, intellect.......

[Donotunderstand]

Not sure of context of the post to which I comment

but WMIH is not the escrow payment location - that is the LT

and the LT has said the litigation trust is done and has taken the remaining money and put it in the trust itself

there will be no payments beyond a few million dollars to all PIERS

so to review

if WMIH is connected to not to pay litigation trust its zero

and WMIH in all events will not pay on our escrow. Payment on escrow is a defined term to relate to potential payment from the remnant of the estate by the appointed Trust WMILT