Replies to post #495185 on Mr Cooper Group Inc (COOP)

[nosch]

Thank you boarddork for this very truly statement. Your opinions and minds are very appreciated by a large numbers of pro WaMu in Europe as well. Thanks a lot for your efforts!

GLTA

[AZCowboy]

~ Boarddork, You Are Welcome As Always ~

I am sure, As well as your own participation is always very much appreciated' by all ...

Yes' ... We' as retail participants' ... were able to survive the reorganization of WMIIC / WMI, after the Court Ordered a Mediation Result' as well as a Settled Result' back in 2011' ... however' ... Our own ability to be included came with a cost' ...

The "greed and anger" of those that tried to keep all of WaMu' for themselves' ? ... was NOT over at the 03/2012 Plan 7' Class Reorganization' ... The Litigation in D.C. was going to be a continuing' litigation process, ... and the barrage of the retail participants' negativity and beatdown' was only just beginning' ...

at the time ? the plan to exclude retail' was disrupted ? but it was NOT over' ... there would still be a long period of time to discourage and remove as many retailers as possible using multiple discussion forums' ... (at the 03/2012 reorganization, some 30% of the original WMI' common shareholders did not release, but again' it wasn't over)

The evidence and tactics' of these attacks designed to discourage retail participants' have been obvious to all, in multiple areas' as we' have all witnessed' ...

For these reasons' ... Now that the D.C. Action and it's requirements have been "Settled" ? ... I wanted everyone to take a look at the financial protections the company itself had put into place within the replacement credit facility (01/05/2015 KKR Rights Offering) ...

If the pps was dropped ... ? ... The company was able to SEC submission' record a financial ... "asset" ...

for a reorganized company without any forward moving product production or servicing function ? ... I find this to be pre-planned and obviously agreed upon by the parties involved' ...

the new company ? ... as well as the tactics to discourage as many retail participants as possible ? remains the same' ...

The Company has recorded a derivative embedded conversion feature of the Series B Preferred Stock which is adjusted to its fair value as determined using Level 3 inputs described above under Fair Value Measurement. The change in fair value of the derivative embedded conversion feature is calculated at each reporting date and recorded as other income or other expense on the condensed consolidated statement of operations.

@ 03/31/2017' ... Q'
shares out were 206,380,000 the PPS closed @ $1.45
WMIH-Corp reported a "derivative asset" of $98,680,000.00

@ 06/30/2017' ... Q'
shares out were 206,380,000 the PPS Closed @ $1.25
WMIH-Corp reported a "derivative asset" of $73,298,000.00

@ 09/29/2017' ... Q'
shares out were 206,380,000 the PPS Closed @ .95
WMIH-Corp reported a "derivative asset" of $111,877,000.00

@ 11/10/2017' ...
shares out were 206,380,800 the PPS Closed @ .68

So Again, as I asked of the two yesterday ? ... What is WMIH-Corp able to record as a "derivative asset" ... IF' ? the pps is brought to ZERO ? ...

AZ

[user7770]

"offering up a settlement that 'pretended insolvency'"

It's always gut-wrenching to think of how many billions of dollars of assets they gave away to FDIC/JPIG, in the process of generating and maintaining that image.