Replies to post #558115 on Mr Cooper Group Inc fka COOP

[AZCowboy]

~ CWG, I Simply Believe The WMI-LT's, QSR's Have Been Accurate ~

Among just a few other' documented issues, ... When I sequence and apply the WMI-LT's QSR's alongside of the DS, the Approved Plan 7, what Plan 6 attempted, the fact that our releases allowed us to (41.6) "Participate" , the numerous present tense trackable ABS-Cert Performing Trusts, the TPS as actual "Accredited Investors", the available purchases of WMI financial products on the secondary market by retail, (WMB Class 17 Bonds, as well as WMI Class 19's and Class 22's), ... and the fact that the FDIC R & C as "Entities" have not yet been released by any of the financially relevant classes, 17, 19, and 22' ... etc etc etc ... (there's a lot more)

It has become obvious to me that the WMI-LT' is specific to form as disclosed, ... and is NOT in control of all things WMI', as has been wrongfully proffered in an attempt to maintain silence regarding the original 2009' delay and blocking mechanism put into place by the same group' ...

... Remember', ... The Court Placed an FJR assignment, "On A Claim", not to be, "Included In A Claim" ...

B: Series R preferred, aka “P” escrows are convertible to commons at some ratio, and thus will share the bulk of the estate with old commons, aka “Q” escrows. K and TPS get their original cash and that is all...

... the Accredited Investor Purchased TPS, as well as the Retail Secondary Market Purchases of a "K", Do Not Have a supported' convertibility option ...

... the 75/25 to the end ... "myth and lore", ... is simply not possible ... and there will not be any additional "interests" in the WMI-LT, known as LTI's, to be issued' ...

AZ

[hotmeat]

Quote: "1.73 Common Equity Interest: Collectively, (a) an Equity Interest represented by the 3,000,000,000 authorized shares of common stock of WMI, including, without limitation, one of the 1,704,958,913 shares of common stock of WMI issued and outstanding as of the Petition Date, or any interest or right to convert into such an Equity Interest or acquire any Equity Interest of WMI that was in existence immediately prior to or on the Petition Date or (b) a Claim, other than with respect to the Dime Warrants, which pursuant to a Final Order, has been subordinated to the level of Equity Interest in accordance with section 510 of the Bankruptcy Code or otherwise."



Again merely a description of what represented a Common Equity Interest. All now irrelevant due to Sections 23.2 (Cancellation of REIT Series), 23.3 (Cancellation of Preferred Equity Interests) and 25.2 (Cancellation of Common Equity Interests).

[wamugold]

I choose B ( preferreds convertible to commons ) and no the ratio will not be 75% for preferreds either :-(

That's wishful thinking...

Quote:
This appears to mean that either
A: The 75/25 to the end is real and the WMILT will receive massive cash after the Bankruptcy closes, or
B: Series R preferred, aka “P” escrows are convertible to commons at some ratio, and thus will share the bulk of the estate with old commons, aka “Q” escrows.
K and TPS get their original cash and that is all...