Replies to post #472547 on Mr Cooper Group Inc (COOP)

[hotmeat]

The LTA also stipulates that LTI's entitles holders to cash payments.

That should be obvious since that's the only means of payment that LTA's can be liquidated for.

WMI was the sole owner of WMIIC's assets, therefore as was stated, WMIHC owns the EQUITY Interests and WMI owns the ASSET Interests of WMIIC.

These ASSET interests will be liquidated and distributed as cash, since the ASSETS themselves cannot be distributed.

Also, WMIIC's assets could not be mentioned since as has been discussed on the board, ad nauseam, assets in Safe Harbor are not recognized as part of the bankruptcy.