Replies to post #510621 on Mr Cooper Group Inc (COOP)

[BBANBOB]

Trusts can't be owned ONLY PARTICIPATED IN to a % one invested in them,but YOU KNOW THIS

And WMIH can imho buy from marker HOLDERS WMI's % of participation in those trusts be that 1% or 50%.

If 10 of us buy a cow and its agreed we each get `1/10th of the milk I can buy you out of your 1/10th of the cow and YOUR MILK STREAM anytime you want to sell it.

THEY OWN NOTHING they are THOUGH the last link in the chain of title and there for hold if you will, HEIR SHIP to those beneficial interests previously attributed to WMI.........

But again you understand this so wheres the beef

[jerrylev]

The theory that we get shares of a public company 5 years after the bankruptcy makes no sense, because after that, we will own shares just like any Joe 6-pack in the world. And Joe 6-pack will be mad because his shares are all diluted due to those WAMU people from nowhere. And WMIH cannot print shares without an influx of cash or it will dilute the shares, and we don't want those worthless piece of paper either. It's like if we get paid with Afghanistan money.

So either WMIH will buy our interest or the mortgage out right and pay cash, or they just service it for a fee.