Replies to post #500231 on Mr Cooper Group Inc (COOP)

[hotmeat]

Quote..."The proven value of WMB was to proceed with the BK, which was found to be solvent during the BK proceedings, but the debtors decided to continue down the BK road!"


Firstly, WMB never went through the bankruptcy process, they were part of the FDIC Receivership.

Second, I'm saying before JMW the Debtors showed the court that there were not sufficient funds to reach Commons or Prefs.

The outcome, after mediation, would have been that Commons were cancelled, leaving Prefs to own the Estate.

If that had occurred, how could the ""Original Owners of the WMI Estate"", receive any distributions as is claimed???

My point being that the GSA/POR7 governs any and all distributions to our Tracking Markers!!!

AIMVHO

[BBANBOB]

Matt
"""To screw shareholders, the releasing participants!"""

Yes IT WAS , but they got greedy AND GOT CAUGHT AND were forced into mediation, that in turn ALLOWED us to play, something they had NOT PLANNED ON AT ALL.

They fully intended on taking it private and then doing an IPO.


OOOOOOOOPS they got stuck with US!!!!!!!!!!!!