Replies to post #488099 on Mr Cooper Group Inc fka COOP

[tzebedee]

dam AZ, goosebumps lol! http://schrts.co/zhh3a3

[tzebedee]

about time to drop a bomb via sp..~ moab

[hotmeat]

Quotes..."WMI owns 100% of the Equity Interest in WMI Investment Corp"....../ "With WMIH-Corp now being the reorganized WMI?"



Are you implying that WHIH is entitled to any of the legacy assets of the WMI Estate?

I don't believe so since WMIH is a new entity, essentially separate from WMI.

Also, as stated in the LTA, the WMILT owns the Assets of WMIIC and WMIH the Equity.

[Oberthal]

AZ, that is great. The question is as always will this money show up in our CUSIP account(s) and if so when. I am so worried that there will be more hurdles like unfinished lawsuits, lower classes to be paid etc.

[JusticeWillWin]

AZ, these $20B "retained earnings" of the MOR you are talking about is NEGATIVE (in parentheses) and could also be called "retained deficit" or "accumulated deficit".

https://www.accountingtools.com/articles/what-are-negative-retained-earnings.html

Here is the MOR from Feb. 2012 (Page 7)

https://www.sec.gov/Archives/edgar/data/933136/000090951812000138/mm03-2712_8ke991.htm

Have a close look again...

How could this NEGATIVE "retained earnings" be considered POSITIVE? Please explain...

And in addition: It is NOT $20B SINCE October 2008, it started with NEGATIVE $16B in September 2008, making a difference of only $4B

~ Retained Earnings ? As WMI Reported ? ~

After some 40 months ... From October 2, 2008 (nunc-pro-tunc) to the end of Jan 2012' as reported in the Feb 2012' MOR, ... reported some $20 billion (ish), ... or, roughly $500 million ABS-Cert Trust Generated Cash' per month ... WMI owns 100% of the Equity Interest in WMI Investment Corp. ...

Now, ... ? ... $500,000,000.00 ABS-Cert Trust generated monthly cash ... ? ... from October 2, 2008 (nunc-pro-tunc) ... to September of 2017' ... ? ...

With WMIH-Corp now being the reorganized WMI ? ... That' should work out to a nice sum' ...

It is a very good thing that all of the litigation is Settled, and the individual Settlement requirements taken care of' ...

AZ