Replies to post #544574 on Mr Cooper Group Inc fka COOP

[Donotunderstand]

jerrylev


I hope you (and I assume hotmeat refers to same type of potential) are right


As so far the only money I see is in the LT financials

And yes the LT won 1 or 2 Tax Refund cases to add some cash but best I can tell there are no publicly noted future inflows

As always - I hope that we get more than what I see and will gladly say I am wrong all the way to the bank

Beneficial interests in off the books safe harbor instruments is the only off the books money I consider a possibility and I give that 50-50 at best

[wamugold]

Quote: Right from the horse's mouth,

As previously disclosed in the Current Report on Form 8-K that was filed by Washington Mutual, Inc. (“WMI”) with the Securities and Exchange Commission on March 12, 2012, WMI and WMI’s wholly-owned subsidiary, WMI Investment Corp. (together with WMI, the “Debtors”)), entered into a liquidating trust agreement (the “Agreement”) with William C. Kosturos, as the liquidating trustee (the “Trustee”), and CSC Trust Company of Delaware, as the Delaware resident trustee, on March 6, 2012, which provides for the creation of a liquidating trust (the “Trust”) that will have an initial term of three years, subject to extension for up to an additional three years (subject to certain limited exceptions) with the approval of the United States Bankruptcy Court for the District of Delaware (the “Court”).

I think it says pretty clear 6 years from 2012 meaning the WMILT should have been dissolved March this year 2018 unless they got another extension that I am not aware of but it says clearly limited exceptions..

Make your own conclusions!