Replies to post #501284 on Mr Cooper Group Inc (COOP)

[ReikoBlack]

From WMIH’s Amendment of Series B Preferred Conference Call on December 12, 2017


15:40
John Berg: Private Investigator

[Q: John] Yes, hello. Um, just as a follow-up to Brian’s concentration on the Escrow aspect, is WMI at all privy to any information on withheld assets in Safe Harbor by the FDIC Receivership? Cause, as an Escrow holder and having released, there’s a lot of us investors out there who are very curious as to what the status is of that? And, if WMI has any knowledge or insight into the Safe Harbor assets that are being currently withheld by the Receivership and when they might be released to the Escrow holders?

[A: Tom Fairfield] WMIH Corp, in answer to your question, is not involved in the Liquidating Trust or the Receivership for the former Washington Mutual Holding Company or any of it’s affiliates. So, if you have questions around that you would have to contact the Receiver or the relevant people at the Liquidating Trust for that information.

[Q: John] Right. It could be very significant, though, to WMIH because what others are discussing, as if these assets are indeed released to Escrow holders and there will be a payout to the Escrow holders, probably, a significant percentage of that money will be reinvested back into WMIH; which could be a very significant boost in the share price and the value of the Company. So,…

[A: Bill Gallagher] John, our view is we don’t have any call on any of that. I mean, we have no knowledge of it. It’s different entities and it’s not something that WMIH Corp has any interest in. And, if we did we’d pursue it but, we don’t.

[Q: John] Ok, that’s all i have. Thank you.

[A: Bill Gallagher] Thank you.

[A: Tom Fairfield] Thank you.

mumbo jumbo, how does this apply to wmih common... you have a right to post what you want but I think all the confusing stuff you post has little to no affect on wmih... ive said this before the CC and the management team said it again, wmih is a NOL play looking for a merger to use the NOLs, a question was asked on the CC about escrows and piers and management brushed them questions off and said it doesnt apply to wmih common.. I remember you saying the NOLs were gone a few months ago and that is not the case...