Replies to post #495667 on Mr Cooper Group Inc (COOP)

[hotmeat]

Based on my original post, I was querying the ability of the LT to accept WMIH shares for Estate assets. The POR states exactly what the purpose of the LT is, and is not.



ARTICLE XXVII....THE LIQUIDATING TRUST: pg 65 of POR V7


27.2 Purpose of the Liquidating Trust: The Liquidating Trust shall be established for the sole purpose of liquidating and distributing its assets, in accordance with Treasury Regulation section 301.7701-4(d), with no objective to continue or engage in the conduct of a trade or business.

AIMHO

[EXDIMER]

NO EVIDENCE OF SAFE HARBOR ASSETS COMING BACK

Where are these assets now? Other than the myth from false conclusions about the normal use of Safe Harbor, which is to protect MBS purchasers during the securitization pooling process, there seems to be no concrete evidence that any such assets coming back to us Exist. Not on any statement, disclosure, not mentioned in anyway in any official document, ownership not claimed by any entity. Clearly, a desperate MYTH.