Replies to post #526375 on Mr Cooper Group Inc (COOP)

[jerrylev]

Using your analogy then the angry son got from his father a photo album that shows that he used to live in the house and the nice daughter got from her father, the title and will that says that the house belongs to her.

[newflow]

LG HE GOT NO ESCROW MEAT.

WMIH GETS TO USE OF NOLS USING ITS LEGACY ASSETS IMO.

IT IS WRITTEN ALREADY.

[hotmeat]

1) YES

2) YES

3)(i) YES

3)(ii) WMIH received the equity interests in WMIIC, from which ALL assets were already contributed to the LT as per the POR 7 and the LT Agreement. Basically WMIH inherited WMIIC's asset-less shell whose corporate structure imo was reused to create the Wand merger Corp. In every WMIH filing where WMIIC was mentioned they stated that it has "NO ASSETS".



Quote: "2. What are the Liquidating Trust Assets?

The assets that are to be held and distributed by the Liquidating Trust (the “Liquidating Trust Assets”) comprise all of the assets of Washington Mutual, Inc. (“WMI”) and WMI Investment Corp. (“WMI Investment” and together with WMI, the “Debtors”)) as of March 19, 2012 (the “Effective Date”), other than:

(e) the equity interests in (i) WMI Investment (all the assets of which shall be contributed to the Liquidating Trust, including any Intercompany Claims)


Seems pretty self explanatory, to me at least. Also note that any issuance of shares from WMIH's A/S will have to be publically announced and gain shareholder approval before it's done as legally required. There can be no secretive, last minute S4V deal, it would have to be announced long before it could ever occur.

[wamugold]

Well assuming the boy (smarter / resilient) as in commons he would of have picked up all the valuables inside the mansion and left the girl (greedy / presumptuous) as in preferreds with the mansion.

The boy would of sold all the art paintings, uncut rare diamonds, baseball card and coin collections, Microsoft and apple shares, luxury cars (well except a few) and made a killing...

The boy as the rightful owner of the estate :-) always doing the hard work by doing repairs and cutting the grass, preserving the value of the estate (while his sister was painting her nails and applying her makeup) would have deserve the cherry on top