Replies to post #533996 on Mr Cooper Group Inc (COOP)

[hotmeat]

1. What is the WMI Liquidating Trust?

WMI Liquidating Trust (the “Liquidating Trust”) serves as a mechanism for liquidating, converting to cash and distributing the Liquidating Trust Assets (as further described in these FAQs) to the holders of beneficial interests in the Liquidating Trust (the “Liquidating Trust Beneficiaries”).




Seems crystal clear to me.

[Large Green]

clawman, what does the following mean to you regarding this overall case?

Remember, WMIIC was dissolved on 1/18/2018 then on 2/13/2018 merger announced that a little shell company with no assets taking over a 2 billion dollar established company trading on the NYSE.

WMIH-Corp owns the "Equity Value" in WMIIC while the releasing legacy shareholders own the "Asset Value" in WMIIC