Replies to post #561294 on Mr Cooper Group Inc fka COOP

[Oberthal]

Thanks. I know AZ is mostly right and I really hope so as I would most likely become a multi millionaire.

[jerrylev]

Don't be overjoyed yet. The bondholders are owed 17B and if they don't settle for less, there may be nothing left for escrows from the liquidation of those trusts.

Remember that we are at the bottom of the waterfall and shareholders are owed nothing. Our consolation is that TPS is in the same boat with us. I am not saying that we will not be paid but don't expect tens of billions let alone hundreds of billions.

[hotmeat]

QUOTE: "WMCT language is Liquidation Preference to UQ's after the last creditor is addressed."


That's 100% false...according to the prospectus the liquidation preference will be distributed to the holders of the WMCT common shares after the Piers are paid in full. The holder of those Trust common shares (not Wamuq) was the holding company, WMI. As usual presenting flawed and incorrect info to the board.

[Muff77]

Hi Ron,
I read Your posts daily and very carefully.
Thanks for Your work, I apreciate that.
Yesterday I had a large smile at Your explanation to other poster, that "... to be very closed being on jerry list.." as it seems we both have similar such list.
I hope and I wish this saga will end soon with HLCE return and we could say - it was horrible but now - it is at home !
(Sorry for my english, it is not my mother language ...)
GLTA,
Muff