Replies to post #471010 on Mr Cooper Group Inc (COOP)

[BBANBOB]

Will someone please show where this come into play PRE OR POST ,that Prefereds will only be paid FACE value and their associated accrued interests and FJR


WMI LIQUIDATING TRUST
Form 8-K
August 1, 2012

Item 1.01 Amendment of a Material Definitive Agreement.
[Last indented paragraph, this section]

Annex C to the Agreement was revised to clarify that holders of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full, and that the distribution to Tranche 6 will be shared 75% and 25% pro rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively.
https://www.sec.gov/Archives/edgar/data/933136/000090951812000255/mm08-0112_8k.htm
Settlement Agreement - https://www.fdic.gov/bank/individual/failed/wamu_dbntc_jpmc_fdic_settlement.pdf
Post - http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127681736


IF this is pre that preferds are to only be paid face and interests due then it holds no VALUE, BUT if this is post from the comment that preferds are only going to be paid accrued interests and face THEN it supersedes any and all previous statements..........And IS OF VALUE to those of use that hold preferds.

Commons and preferds both have skin in this part of the game and IMHO this should be torn apart UNTIL it is 100% clerar/decide as to which it was time wise with the 8K, and was in fact pre or post

This is an 8K filing which is to not be taken lightly, it's having been in an 8K is a material event for all to have been informed of......And that imho was done for a reason or at least if it was done POST THERE WAS.

Now I am aware that ALL TRANCHES 2-5 MUST BE PAID IN FULL PRIOR, but that really doesn't seem to be that big of a hurdle when we are talking about the kinds of money we are here.
80 mill isn't it, to pay all piers in total...........

OR am I just missing this and it is a chicken or the EGG type thangy...........