Replies to post #442097 on Mr Cooper Group Inc (COOP)

[yx88hc]

"None of it has played out."

True.

"None of it will."

You've seen the future?

"the fact "nothing has happened YET" isn't evidence that the theory is true."

It isn't evidence that the theory is false either.

[tzebedee]

"Multitudinous" nice!

[soundincrest]

WithCatz,I agree with you exactly what you stating. I have been involved in this mess since 2006 and we all have different interpretation's depending on our knowledge and the amount of time you have to do your DD and keeping up on message boards. I think maybe the best is to wait and see. I have over 400K + escrows and almost 47K shares and would just want this mess over with and maybe make some dough

THANKS FOR YOUR RESPONSE

[955]

WithCatz Monday, 01/12/15 05:57:40 AM
Re: Large Green post# 412009
Post # of 442134

Huh? Which WMI Investment Corp assets are you talking about.

WMIH themselves say:

From the WMI 10k:

WMIIC does not currently have any assets or operations and is fully eliminated upon consolidation. Prior to September 26, 2008, WMIIC held a variety of securities and investments; however, such securities and investments were liquidated and the value thereof distributed in connection with implementing the Plan.

And the DS/POR says:

https://www.kccllc.net/wamu/document/0812229111212000000000005

PDF Page 72 - "After the Petition Date, the Debtors were required to liquidate the $266 million of investments held by WMI Investment to comply with section 345(b) of the Bankruptcy Code, which governs investment requirements for bankrupt companies. The conversion of these assets to cash was disclosed in the Schedule of Cash Receipts and Disbursements included as part of the MORs filed with the Bankruptcy Court and the SEC with respect to November 2008 through December 2008, as “Cash Receipts” from the “Sale of Assets/Securities.”"

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