Replies to post #494939 on Mr Cooper Group Inc (COOP)

[tzebedee]

hey AZ, peace and love, What do you get from this announcement by JPM to pay for a said amount of trusts (4.5 bill), but not, the related large wamu mbs trusts? Said value in trusts to be settled, and said trusts not yet to be settled??

[goodietime]

"So, ... IMO, the newco was originally considered to be valued at roughly 100 million shares at $25.00 pps, ... after only ONE YEAR from the reorganization date ..."
= $2,500,000,000.


Currently 206,000,000sh x .70pps = $144,200,000.

That's quite a difference:(

[hotmeat]

Quote..."the WMB Bank Note-holders acceptance of a debtors offer of a WMI’ Class 12 General Unsecured nomenclature"


Why would the Debtors (WMI Estate) make such an offer to Bond Holders of WMB when it was not their debt obligation, but rather that of the FDIC-R/WMB Receivership?

[boarddork]

Thanks AZ for this breakdown. I still can't believe how close we came to extinction in Plan 6. It may have been one last castle wall to collapse, but it was a Large one thankfully. The WMB Noteholders not caving to the debtors pitiful offer and choosing DC litigation, saved our behinds.

Hindsight being 20/20, I can appreciate the irony of the debtors pretending to be penniless and through their greed to own everything, offering up a settlement that 'pretended insolvency' so much that the WMB Noteholders would rather take it to court in DC as they knew better.

Interesting how multiple times, the SNH/AAOC greed, continued to trip them up (inside trading). But heck, it allowed us in, and for that I'm pleased! hahaha