Replies to post #528999 on Mr Cooper Group Inc fka COOP

[jerrylev]

Before I look at the legality of some theories, I sometimes look at the feasibility first.

So let say we say that there are bankruptcy remote assets that do not fall under the jurisdiction of the bankruptcy court. That means that POR 7 is not applicable which means that the assets will be distributed to ALL previous WAMU shareholders and not only to those who signed release. So logistically, how do we do this? How do we know the people who had WAMU stock between 2008 and 2012? I don't even remember what stock I had and sold in more than 2 years ago let alone 10 years.

So now if we say that the assets are given back only to those who signed release. This means that POR 7 is applicable which means that it is under the jurisdiction of the bankruptcy court.

You can only have ALL or NONE but you cannot have partially POR 7 and partially something else that fits one theory.

Same with S4V theory. Is it feasible? No. Because how can KKR and Fortress and other late shareholders get benefits from the assets that belong only to those who signed release? It makes no sense from an implementation point of view let alone from a legal point of view.