Replies to post #516952 on Mr Cooper Group Inc fka COOP

[BBANBOB]

BOARDDORK


The LT's assets comprise only those as of March 2012. Any cash, assets, mortgages, servicing, etc......anything not part of the Bankruptcies #1 (WMIIC) and #2 (WMI) pursued beyond March 19 2012.....is not the LT's to distribute.


thank you , I think this is where most get CORNFUSED here, the LT only has dealings with what is LEFT FROM the BK's nothing else..........Or at least IMHO

Just like markers IF IF IF they are to be dealt with concerning OTHER ASSETS held outside for the BK and IF IF IF this includes a S4V swap, """THE DTC""" will handle that, now the LT may be involved as well as the court but any such distribution IMHO would be taken care of BY THE DTC just like they did in THEIR TEST RUN OF CASH and SHARES TESTING THE SYSTEM before!

Of course ALL IMHO

[jerrylev]

Boardock, welcome back, I hope that you post more often as we will have a lot of things coming up.

Anyway the ED cutoff is fairly obvious, but what surprises me is not the seizure / bankruptcy date. So between 2008 and 2012, there can be a lot of things going on?

Are there any assets that were "born" between 2008 and 2012?

[goodietime]

"The LT's assets comprise only those as of March 2012. Any cash, assets, mortgages, servicing, etc......anything not part of the Bankruptcies #1 (WMIIC) and #2 (WMI) pursued beyond March 19 2012.....is not the LT's to distribute."

Board, What do you think these 'post' assets are?
Who will be the distributer?

[AZCowboy]

~ It’s Always Been “Clear” To Me As Well ~

Yep, ... The WMI-LT was formed on March 6th, 2012, ... and then ? ... ”as of March 19th, 2012” ... (Plan 7’s Implementation Date), ... and the’, ... ”other than” ... yada, yada, yada, ... and the purposely nonstop presented propaganda ever since’ that we’ve had to deal with ...

The 75% / 25% RE-Distribution, ... is limited to only the leftovers of the WMI-LT ...

AZ

"as of March 19, 2012 (the “Effective Date”)" is a huge clarifying line in the sand, between what is - or isnt the LT's to distribute.

The LT's assets comprise only those as of March 2012. Any cash, assets, mortgages, servicing, etc......anything not part of the Bankruptcies #1 (WMIIC) and #2 (WMI) pursued beyond March 19 2012.....is not the LT's to distribute.

Pretty clear to me!

[mattchew]

Thanks boarddork, pretty clear to me also.

WMILT got what it got, and classes were left impaired, and for a good reason I might add.

The WMILT received "Certain Assets" to deal with the WMB BK and the creditors of WMI. Legacy shareholders, owners of the holding company in joint administration, own the assets of WMI while the reorganized WMI owns the equity interests in WMI. Kinda like it was before the BK.

[hotmeat]

"as of March 19, 2012 (the “Effective Date” (ED) ALL assets of WMI and WMIIC belonged to the LT, of which only CERTAIN of those assets were transferred to the LT on the ED.

The assets belonged to WMI and WMIIC (together "the Debtors") and now the LT as the sole "Successor in Interest". There are no Commons or Prefs as per pre 2008 since, again, ALL documents were voided by the POR (pgs 59-60).

If WMI/WMIIC is not the owners of those assets, then who??? And if WMI/WMIIC are indeed the owners ONLY the LT has a claim on those assets, not WMIH, nor only Commons. This theory is full of logical and factual holes.