Replies to post #438059 on Mr Cooper Group Inc (COOP)

[MasterBlastr]

He didn't say that.

[dragoon76]

I don't know if what Mordicai said is correct (its probably not, lol), but here's my 2 cent opinion of a share swap. The boys could give retail a boatload of shares, like AZ or Bopfan proposed and it really doesn't/won't matter. Why? If the big fellas know that, let's say in 2-3 years from now, WMIH reaches 30-40 dollars a share, they also know that 90% of retail will be gone waaaay earlier than that, never to look back. These guys would STILL make a killing. Retail, would be happy with a few "peanuts", let's say 10-15 dollars a share. This board will turn into the real GhostBoard, LOL

[AZCowboy]

... W3R, Yes I will Try to Help ...

Let's see if this makes sense, ...

~ WMIH-Corp, ~ as the exiting Plan 7 approved reorganized company, ... WMIH-Corp, is the ... "successor" ... to the WMI Inc. ... estate ... (Washington Mutual Inc. - the parent corp)

Now, ... due to the fact that - we - exited bankruptcy via a Plan (7) ... "settled" ... result' ... We' have a Plan determinative, Liquidating Trust' ... (WMILT) ... which is subject to the Plan 7(s) settled distribution matrix or, what we all refer to as the Tranche PayOut Matrix, and described in detail in Attachment H' to the Plan of Reorganization ...

So, as stated' ... The actual ... "owners" ... of the Washington Mutual Inc' estate are the releasing participants holding (-esc) escrow tracking markers in their accounts, and will receive a liquidated result of the WMI Inc, estate as determined by the payout sequence described in Attachment H' ...

Creditor Class participants are Tranche 1 - 4 & interest

General Unsecured Claims are Tranche 5 ... "as if allowed"

Equity Class (the actual owners of the estate) are Tranche 6 ...

So, ... sorry to be long winded, however ... WMIH is the WMI Inc(s) successor to the estate, ... however, ... the distribution of returning WMI Inc(s) assets / cash of the WMI Corp original estate' are the direct responsibility of the WMI Liquidating Trust in the ... order stipulated to within the Plan 7 Settled Result' ...

~ SO' ~ any and all returning ... assets / cash of the original parent corp, WMI Inc ... MUST go through the WMILT ... The WMI Liquidating Trust as their claims against the estate have been settled to be placed within the recovery matrix'

AZ