Replies to post #543363 on Mr Cooper Group Inc fka COOP

[jerrylev]

SamiraiP. I love to be wrong :)

The K-mart case that you mentioned is similar to POR 6 when the HF and Rosie came up 10M short to pay the creditors and therefore they have to take the remaining, and the plan is that the reorganized company WMIH will be a mini WMI and then we may have a K-mart run if WMIH got a bunch of assets.

In POR 7, WMIH was stripped of everything leaving just the NOL and WMMRC and the rest will be sold and the proceed returned to those who signed release.

Comparing POR 6 to POR 7, the assets are the same, just owned by different people and processed differently. So hopefully those assets were huge and like I said, I love to be wrong ...

But if I am right then I am not disappointed either :)