Replies to post #561729 on Mr Cooper Group Inc fka COOP

[JB3136]

Haven’t been able to figure that either

[ItsMyOption]

Nightdaytrader, it is again the ambiguous language within 23.1 of the Plan – Class 19 “Treatment of Preferred Equity Interests and unclear Pro Rata Share of seventy five percent (75%) that could turn that 72MM claim to be worth billions if not caped.

Note: I have received letter from Rosen with CC to UST that appear to make one think that the underwriter claim follows 23.1 of the Plan that has that 75% language in it. If that is true it very much dilutes all other distributions.

Ok, here's another dumb question... If we're getting back billions, why do we care so much about the underwriters and their $72M? To be honest with you, if it was me, and I was King for the day, after 10 years, I would give them then $72M. Why bog this case down for who knows how long, trying to change their claim on $72M years ago? What official is really going to intervene now, after all these years of doing nothing, and try to straighten this out?

[BBANBOB]

""" I would give them then $72M"""

So would I and that is all that is being suggested at the max

How did they go form according to HOSEN , your not even getting your 24 mill in unsecured debt and 6 months later get to 72 mill in preferd equity and to the end no matter HOW MUCH it is 72 mill or 720 mill????

Point is that what was done here was wrong, unsecured to an equity position and not capped at their 72 mill WHICH again should never have even been there.

If I remember correctly if their values come from P&K it is like 47$ per P and 2.70 per K

Sounds like NO BIG DEAL right!!!! Well with the numbers of K's and P's combined that I hold(or many hold) that would buy a very nice home in OKLA as it would be several 100k$ to me alone, all the time they shouldn't have even been there to get anything..........


Now the big deal is that our REPS allowed this some 6 months AFTER the POR was approved by THJMW and without her knowledge as it appears since the POR had already been approved but was later changed AFTER THE FACT????????

It is nothing short of collusion imho oh and WRONG!

preferential treatment in a BK case is not legal, and it's not legally due them anyway