Replies to post #534134 on Mr Cooper Group Inc fka COOP

[Large Green]

clawmann, to your point on this issue -WMILT negotiating assets in a closed deal for the marker holders.

This is the first thing I thought of when I learned WMILT would make a deal with WMIH for potential beneficial assets. So my view is no doubt, they have this covered somehow, as this would have been a leading action they would have had to discuss when WMILT was set up.

My guess is they negotiate in private with a few potential sources overseen and evaluated by a totally innocent third party with no conflicts and have these potential sources submit private bids. Remember, Kostorus has total authority and can make decisions on his own with no oversight.

Once a bid is accepted, I see no issues for the bid to be accepted, payment in WMIH common/preferred stock which goes directly (pass-through-entity) into marker holder's accounts.

clawmann, I find it hard to believe as it seems you do (I could be wrong) that you do not believe there are beneficial assets that would be coming to marker holders. You REALLY believe these very wealthy hedge funds were ONLY after tax attributes in a fifty cent shell company with no assets?

If this is accurate, there is no reason for you and me to have any discussion concerning this case because I find that totally ludicrous that these hedge funds were ONLY after tax attributes. I have long called the tax attributes nothing but a (valuable-yes but not real reason) Red Herring.

[mordicai]

The whole purpose of a pass through is that the IRS does not then tax the trust entity itself...just the beneficiaries. So if the LT does not follow the IRS regulations one of which is the assets cannot revert to the reorganized debtor then double taxation could occur. jmho.

[Donotunderstand]

I thought WMIH owed the LT money in the very beginning

And WMIH paid off its obligation with sr and jr bonds (maybe directly to me or maybe to the LT first and then me)

[BBANBOB]

CLAWMAN

you STATE

""It may only "pass through" cash to holders of LTIs (which we escrow holders are not yet).""

scuse me BUT HAVEn't THEY ALREADY PASSED """"shares"""" THrOUGH ONCE BEFORE???????

yET YOU'RE TELLING US now THEY COULD NOT LEGALLY DO WHAT THEY HAVE ALREADY done???????

THEN howdaydodat? which they have already done

[jerrylev]

The job duty and mantra of WMILT was well defines in POR 7 6 years ago. This is a court order mind you and a law by itself because the duty of the judge is to interpret the law and make ruling. The judge him/herself cannot change his/her own ruling but it needs an appeal to higher court to change and I know of none.

So the job of the trust AS DEFINED IN POR 7 is to liquidate ALL assets including Safe Harbor if there is any and securitized and WMI assets, and return the proceed to those who signed release.

There is no such thing as the Trust making some "deal" with somebody even if it is a better return. The Trust cannot do anything else even if Judge Walrat now wants it to do something else like entering "deal" with COOP. No such thing, It's done. fini 6 years ago.

From a logistics point of view, who from the Trust is going to make such a "deal"? Kosturos? LOL.

This S4V theory is the most resilient and most sticky theory of all. It is unbelievable. When will it go away? After R/S is done? After 1st earnings of combined company? Never?