Replies to post #496152 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ GO4, Yes I Agree ~

At this point in time, Yes, ... I Agree with you, ...

Yes, ... regarding the now 9 Years of “Trust” Generated Accumulated Cash”, ...

Yes, ... to a Delaware Registered WMI-LT Pass-Through mechanism, able to be utilized while the LT remains active, ...

Yes, ... to a large portion of the original “Trusts” having a 10 year life span’, the timing of the last ones actually produced ending in Nov 2017’ ...

Yes, ... I believe WMIH-Corp needs to couple its own “Equity Interest” ... with our (the releasing members), owned percentage of the original estate’ ... (WMIIC / WMI) ...

And, ... NO, I DO NOT believe that WMIH-Corp, is LEGALLY able to couple what ... WE’ OWN, ... to what ... THEY’ OWN with any semblance of either a, ... ”Falsely Enhanced, or a Falsely Depressed”, ... PPS (price per share) ... a convenience provided to the newco’ by way of the ... embedded derivative function ... of the rights offering replacement credit facility ...

As I have posted, ... The ... embedded derivative function’ ... provided by the KKR replacement credit facility allowed for this accounting and balance sheet manipulation ... However, IMO, ... it no longer matters’ nor’ is it needed any longer ...

To the best of my calculations, ... the pps transition, must occur using a WMIH-Corp closing PPS’ somewhere in between the adjusted close on ... 09/30/2016’ ... and the adjusted close on, ... 03/31/2017

On 09/30/2016’ ... WMIH-Corp reported an ... embedded derivative liability of $58,261,000.00 (the pps was perfidiously enhanced) ...

While on 03/31/2017 ... WMIH-Corp reported an ... embedded derivative asset, ... of $98,680,000.00 (again, the pps being purposely depressed) ...

AZ

[UncleBo]

Could it be this...?!


All resolved via the GSA and the subsequently settled litigation ALL of it...WaMu I, WaMu II, Deutsche etc., ANICO - all settled.

Bankruptcy Litigation

On the day after WAMU failed, its holding company, Washington Mutual Inc. ("WMI"), filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware (assigned to Judge Mary F. Walrath). Thereafter, WMI, JPMC, the FDIC in its Corporate capacity (“FDIC-C”), and the Receiver became involved in several lawsuits contesting the ownership of over $20 billion in assets.