Replies to post #537278 on Mr Cooper Group Inc fka COOP

[fwh3334zeke]

I do not think so, 2 million a year for managing just 40 million does not sound reasonable. Information about A & M can be found by GOOGLE== ALVARZ & MARSAL.

[contrarian bull]

I'm skeptical about my escrow value too. I've seen predictions of between $10 and $80 per escrow in expected return. But the only thing I can seem to actually confirm is just a few cents per escrow.

I remember this is where we were back in 2013 or so when I quit worrying about these escrows the first time. Likely just pennies but some speculating hundreds of dollars per.

For a while last week I was upset that prior to the release I sold 15,000 shares of WAMUQ for an average price around $.30 per share thinking I'd sold off a potential fortune. Upon further review those sales may have been the smart move.

I only got 10,000 WAMUQ escrows - we'll see if I get $300.00 or $800,000.00 for them. I'm pretty sure it will be between those numbers.

Time will tell whether the shares I got for signing the release were worth more than the ultimate cash return from the escrows.

According to the WMI-LT's SEC Filed QSR's, there should be only roughly some $40 million dollars left over after paying off what shows as of 06/30/2018' ... in my opinion, not enough for anyone to get excited over' ...

[jjflash49]

Doesn't the dissolution of WMIIC affect A&M? are they still around?

[PickStocks]

A&M get paid every quarter about 1/2 million. they have to be managing more than 40 million to be still paid that amount. something is wrong with that picture.....You wonder why rosencrap is laughing there is no money for shareholders we have to pay out the bloodsuckers first........

[boarddork]

The debtors filing 8/30/18 states that the WMILT only became "successor in interest to Washington Mutual, Inc." which owned WMI Investment Corp.

Think about that for a minute. There are 2 bankruptcies, WMIIC, and WMI.................WMIIC filed first which protected itself from its parent WMI (who filed 2nd) and any other creditors............and as the debtor now admits, the WMILT only became successor in interest to WMI, bankruptcy #2.....!!!!!!

There is no 75/25 on everything as you've said. 75/25 refers to what is within the LT's jurisdiction. The LT only became successor in interest to WMI according to this filing.



Quote taken from the Order, page 2 of 6., the debtors just filed. http://www.kccllc.net/wamu/document/0812229180830000000000001

[mattchew]

Since the Grant Thorton case has never been listed in the "Adversary Case Proceedings", I find it very interesting that the settlement agreement with Grant Thorton would include the elimination of class 18, distribute the DCR, and close the two bankruptcy cases!