Replies to post #516719 on Mr Cooper Group Inc fka COOP

[BBANBOB]

uncomfortable not hardly


the uncomfortable subject matter is the 75% / 25% RE-Distribution is limited to only what remains in the LT' at the final accounting for the WMI-LT


OR BEFORE it's final accounting , such as like in a S4V swap.

Prefereds back to preferds and commons back to commons...which for all intents would be at the 75/25 would it not?
Yet in this instance it would in FACT save the company some 900,000,000 original WMAU or after conversion some 150,000,000 shares of WMIH needing to be issued with preferds being replaced in TOTAL

[mattchew]

It seems to me that some do not understand "Joint Administration".....

One dealt with WMB, and the creditors of WMI(WMILT), and the other dealt with the owners of WMI?

[mattchew]

The WMILT can only distribute the 75/25 til the end of the "Certain Assets" that they have!



These issues are and have been twisted up, and purposely confused, but only in these discussion forums' ... here' ?, as one of others ...

"The vehicle that will be utilized to return this value, ... either cash or asset, ... will be the Liquidating Trust, within its Registered Delaware Designation as a "Grantors Trust = A Pass Through Trust"

The WMI-LT will function as its currently Delaware Registered Function as a "Grantors Trust", which is a Pass-Through Mechanism, while it remains' ... The LT's Pass-Through Function of distribution without the issuing of LTI's has already been utilized with Equity Class 21' (a class 12 general unsecured assignment at Plan 7) ...

Within the WMI class releases, submitted in an effort for one to "Participate" in Plan 7, was also a W-9', an individual taxation election ...

So basically, NO' No "Interests" in the WMI (LTI's) will be issued beyond Class 17a, ... otherwise, everything WaMu, is Class Specific

the uncomfortable subject matter is the 75% / 25% RE-Distribution is limited to only what remains in the LT' at the final accounting for the WMI-LT ... (the people' were purposely mislead on this and other issues back in the 1st quarter of 2012)

Obviously, everything WMIIC / WMI doesn't get thrown into one bucket' or someone may want to notify NSM of that' ... these "75 / 25 to the end" ... presentations are simply nieve misunderstandings is all' ...

AZ