Replies to post #540567 on Mr Cooper Group Inc fka COOP

[BBANBOB]

Fixed Ops

This will be an interesting response if IF IF ya get one.
AZ has STATED many times in the past if I am not mistaken, he and RON BOTH , that P's will be getting aprox 2 times face or 2,250
K's will be paid off at face according to RON, not sure I ever read where AZ stated that.

"""BUT ALL WILL BE JUST FINE"""

[Major_Bankz]

I agree, can not be only $4 for P, that logic is flawed. imo!

[hotmeat]

In the absence of all the facts all one can do is utilize what verified information is available, if any, in a logical manner.

Former WMI Commons and Preferred, along with all their respective documentation were cancelled, that is an irrefutable fact!!!

Ask yourself by what mechanism could these shares be "rebooted" back into the current case to regain their former property rights.

Any honest person looking at this dispassionately could only come to one conclusion...they are gone and so are those former rights!

The decision to void ALL the documents was done for a specific purpose, ie to legalize the nullification of those contracted rights.

Meaning, Preferred (PQ's) are no longer entitled to $1000 FV + interest, and Commons no longer have claim on the remainder of the WMI estate.

Notice no one that promotes the "Commons theory" ever fully or sensibly explains how such a distribution could ever possibly work.

Instead all that's presented are vague opinions which very few, if anyone, can easily decipher.

[jerrylev]

All of the hedge funds that bought preferred got next to nothing. They probably make a deadly mistake for the first time.

In particular, TPS shares got converted to preferred, albeit at a high conversion rate, but it is preferred shares, the same type of shares that small fishes can buy.

They are in the same boat as retail, albeit they just own more.

But a HUGE NUMBER times ZERO is still ZERO.