Replies to post #552393 on Mr Cooper Group Inc (COOP)

[Large Green]

MaPi, Merry Christmas to you and EVERYONE here!

MaPi, hotmeat has explained this very well in a simple post. Do not be distracted by other opinions not backed up in fact.

The key to understanding is to know that while there are certain assets that are protected from Creditors via Safe Harbor, thus cannot be discussed or included in this active bankruptcy case, the actual Delaware bankruptcy rules processes control the last link in the title to prove ownership of ALL FORMER WaMu ASSETS!

Again, hotmeat did a good job on the following:

Before Bankruptcy: Trusts--->$CASH$--->WMI/WMIIC

Bankruptcy: Trusts---XXXX---WMI--->Debtors/DIP

Effective Date: Debtors/DIP--->Successor in Interest--->WMILT

Closure of Bankruptcy/Piers Debt Paid: Trusts--->$CASH$--->WMILT--->Equity Interests (75%/25%)

[AZCowboy]

~ MaPi', I Believe You Were Asking Me ?', A Relevant Question ? ~

I believe it was initially answered by another' that is not accurate'

POR6 an the Performing Trusts

If the Performing Trusts are not related to the bankruptcy, CORRECT' the shareholders would also get these values, CORRECT' although they would have been deleted by the POR6. CORRECT'

Is there an error in reasoning? ... YOU ARE CORRECT'

AZC says we're participating through the POR7, but the Performing Trusts and the POR7 have nothing to do with each other...!? ... CORRECT'


Or is the distribution by the Performing Trusts based on the POR7? ... NO' Plan 7', Allowed Equity Classes To "Participate"


Thank you very much for your help and Merry Christmas from Germany

The hundreds of "Performing Trusts", beginning with the DS & Plan referred to ... "Washington Mutual Capital Trust 2001" ... were not able to be a financial consideration aligned with WMI's Plan 7 Approved Reorganization ...

More Importantly, Neither', any of' WMI Chapter 11's Reorganization, The WMI-LT's "Trustee", A&M, the members of the WMI-LT's TAB, (Willingham & Southard, etc.), ...

None of them, None of these that are WMI-LT related people or entities, will have anything at all', will have anything to do with the financial control over these Extremely Valuable and Powerful Financial Entities' ...

Bankruptcy Law' needs to be followed', ... Tranche 4, WMI's Senior Debt needs to be "Addressed" ...

The Valuations of the Performing Trusts, are the reason the Large Participants are here' ...

AZ