Replies to post #543043 on Mr Cooper Group Inc (COOP)

[etzetrade]

Thank you very much, now you cleared my doubts.

[Jarrett28]

Hotmeat, does this apply to common escrows that we hold?

25.2 Cancellation of Common Equity Interests:.., on the Effective Date, ALL Common Equity Interests shall be deemed extinguished and the certificates and ALL other documents shall be deemed cancelled.

And if so, HOW is that ok?!?

[BBANBOB]

Hotmeat

Only prob with that is IF IF IF they were talking about things within the BK she would have allowed it to be entered in as evidence, but she didn't

Unless they may have been talking about the 4 bill in the demand deposit acct AND the 20 bill we had down stream LOANED """LOANED""" WMB and that they were within weeks of repaying the first 10 bill of the 20 with the balance to follow in the next 12 months...
I honestly feel this was the reason for the HURRY UP TO SEIZE.

Point is though, that 20 Bill is floating around somewhere and is still owed to WMI as a creditor in the case and as the surviving entity, wouldn't that return to COOP

32-8='s 24

[Donotunderstand]

They meant that we all would benefit from the increase in pps as the company acquired assets and became more successful. I'm not saying that there aren't SH assets since I firmly believe there are WMI owned residual interests in MBS's. It's just that Justin and Parker were referring to something other than legacy WMI assets.

FULLY AGREE

(NOLs without a highly profitable partner/assets are worthless - that is all they meant - it would take a merger or big income a different way to actualize any value from the NOL asset)