Replies to post #445296 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ ES1, Yes, The DETAILS are very Important ~

... The answer, in my opinion is a combination of events' ...

An absolutely tremendous amount of financially critical, information was missed and NOT or NEVER considered, by many with their focus merely being placed upon the WMI' Open Court Portion of the entire process' ... again, that was literally only one half of what truly was going on' ... "the big show" ... while the "important show" ... was overlooked'

Now, it's obvious, and documented, that plans were made to secure the massive WMI' (Parent Corp's) assets within WMI Investment, prior to the OTS / FDIC(s) seizure of WMB' in Sept of 2008' ... and, ... please follow, this is important,

After extensive study, my conclusions are, the original pre plan designed was literally impartial as to who would actually end up owning the future tense, eventual exiting reorganized new company, ... WMIH-Corp' ... I find no indication of any pre planned design being mentioned over ultimate ownership, ... other than the term sheets, the snh's obvious integration and inclusion, and a hybrid creditor / equity class (piers) which had the ability to exceed face value ... ie; the reason the Judge had to cap them' ... again' Footnote # 1 and # 2 ... however, I believe the pre planned event for the exiting new company was considered to be handled legally by a Court Monitored and Approved Chapter 11 Reorganization ...

Now, the plans made for the new company ?' ... Again, I honestly have concluded that the original planners, figured the legal process would take care of these future tense issues ... enter attorney group Weil, Goldstein and Rosen etc etc ... in 2008 ? I doubt any of the involved ever considered that there would ultimately be any type of an equity participation ... this was designed to exit bankruptcy, leaving the last creditor class impaired' ... which' ... was actually accomplished however with the ending inclusion of "General Unsecured Claimants' ... and ... Equity Classes' as a simultaneous ending distribution Matrix ... (genius)

So, ... the pre plan is obviously documented, ... the assets are reviewable' ... the new company is now reorganized, and trading freely on the NAS' ... WMIH-Corp ... the BOD's is in place' ... the WMI assets are owned by the releasing legacy shareholders, ...

However, ... for some reason, ... we' continue to remain stagnant' ... something is missing ... something that in my opinion, was calculated to happen last year in 2015, all things considered' ... again, as I said last year, I could see no more obstacles ... believe me, I search every day for a possible reason'

... If I were to speculate ? ... I would say that the holdup has the smell and stink of sloppy work product' ... which I would associate to the seizing entity's ... however, ... there are way to many important participants involved here, for what ever was initially screwed up to not be repaired' ...

So, I'm watching for a WMIH-Corp 8-K to be filed with it's announcement of a plan seeking to acquire the assets of its own subsidiary, ... WMIIC, ... from the owners of the WMI estate' ... again, the releasing legacy shareholders = marker holders' ...

AZ