Replies to post #514986 on Mr Cooper Group Inc (COOP)

[hotmeat]

The Escrow Markers in our account are solely for shares held in the Disputed Equity Reserve only,..that was made abundantly clear by the WMILT. Any cash to be distributed will have to be distributed via the issuance of LTI's by the LT once all senior claims are resolved. This IMO will involve the DTC in some capacity due to them being one of the two main signatories of the LT Agreement as evidenced below.



WMI 8K.....MARCH 29, 2012


Item 1.01 Entry into a Material Definitive Agreement

As previously disclosed in the Current Report on Form 8-K that was filed by Washington Mutual, Inc. (“WMI”) on March 12, 2012, the WMI Liquidating Trust (the “Trust”) was formed on March 6, 2012, when WMI and WMI’s wholly-owned subsidiary, WMI Investment Corp. (“Investment” and collectively with WMI, the “Debtors”), entered into a Liquidating Trust Agreement with William C. Kosturos as the liquidating trustee, and CSC Trust Company of Delaware, as the Delaware resident trustee (the “Agreement”).

[jerrylev]

The trust (WMILT) knows everything and keeps track of everything. They are the ones who validated and recorded your releases. And they know exactly what you used to own and how much based on your release.

The brokers are a dime a dozen and you don't expect them to distribute your billions and potentially hundreds of billions like some people said.

On the IHUB website, there are a dozens of broker ads that flash all over the place like a Christmas tree. Once in a while, I click it by mistake and got sent to some unknown place.