Replies to post #428004 on Mr Cooper Group Inc (COOP)

[investorhub123]

Agree totally..... The context in which "consolidated" is being used means to:

Combine(a number of things) into a single more effective or coherent whole.
Ex: "all manufacturing activities have been consolidated in new premises"

[bkshadow]

"ALL" WMIIC Securities & Investments Liquidated...

...per the various bankruptcy court documents and the following quote in the "introduction" to WMIH 10K's.

...again "ALL" was used.

Table of Contents

PART I

Item 1. Business.


Introduction
WMI Holdings Corp.

On March 19, 2012 (the “Effective Date”), WMI Holdings Corp. (“WMIHC”) emerged from bankruptcy proceedings as the successor to Washington Mutual, Inc. (“WMI”). WMIHC is a holding company organized on August 17, 1994 (under the name Washington Mutual, Inc.) and existing under the laws of the State of Washington. WMIHC is the direct parent of WM Mortgage Reinsurance Company, Inc., a Hawaii corporation (“WMMRC”), and WMI Investment Corp., a Delaware corporation (“WMIIC”). As of September 26, 2008 (the “Petition Date”), the date WMI filed a voluntary petition for relief under Chapter 11 of Title 11 of the United States Code (“Chapter 11”) in the Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”), WMIIC held a variety of securities and investments. As of the Effective Date, we had no operations other than WMMRC’s legacy reinsurance business with respect to mortgage insurance which is being operated in runoff mode and we have not written any new business since the Petition Date. All of the banking assets of WMI were sold to JPMorgan Chase Bank, N.A. (“JPMC”) by the Federal Deposit Insurance Corporation (“FDIC”) prior to the Petition Date and all of the securities and investments held by WMIIC were liquidated and the value thereof distributed in connection with implementing the Plan (as defined below).

On March 31st, 2012 ... The Trust Reports that ... "such securities (231m dollars worth) of Short Term securities were liquided and transferred to WMI' ... to fulfill the financial need of the reorganization ...

... such ... securities is a legal reference to not refer to ... ALL ...