Replies to post #438894 on Mr Cooper Group Inc (COOP)

[Donotunderstand]

yes

and for the senior and junior WMIH bonds there were two efforts for a "one time sale of all the "paper" so there could be cash"

that did not work so the LTI absolutely distributed securities

are you saying the LT never did such distribution?

That is like saying the Sun does not (appear to) rise in the East

Now - you point was that PIERS were dependent on the reinsurance cash income to WMIH. That is true for the redemption of the notes that WMIH issued and the LT got by default and shipped out to PIERS holders as partial payment of the interest (the I in LTI)

All other payments to PIERS are in cash from assets of the original Washington mutual - tax refunds - deferred rejected claims - insurance compromises - etc.

As just my hunch - after PIERS are paid there will be between 25 and 100 million in cash in the LT