Replies to post #515664 on Mr Cooper Group Inc (COOP)

[hotmeat]

Read the LTA per the role of the Delaware Trustee (DTC). It strictly prohibits them from being involved in any of the LT's activities re Trust assets or making distributions etc, unlike the case quoted by NF. Their inclusion was mandatory since the LT was incorporated in Delaware, a Delaware Trustee had to be hired for them to operate basically. It's all easily verifiable on pages 35-37, Section 6.11 Resident Trustee.

[jerrylev]

Good thing when getting robbed! :)

They don't milk your money unless you have something.

[BBANBOB]

DTC/CEDE is a PRIVATE company that holds and for all intents OWNS every share of stock held in street name

IF IF IF the DTC we are speaking of is one in the same

the one I am speaking of is the DEPOSITORY TRUST CO


NOPEY totally different animals

[newflow]

THE COST TO MAINTAIN ESCROWS WAS AROUND $11MM TO $12MM IN ONE OF THE COURT DOCUMENTS.CANT DIG IT UP NOW.PROBABLY THEY DRAINED OF 50 TO 60MM TOWARDS IT ALREADY.BUT LT PAYMENTS TO VENDORS IS NOT SHOWING DTC PAYMENTS IN QSRs.