Replies to post #562166 on Mr Cooper Group Inc fka COOP

[Juschilln]

So do you still think we may get at least $10/common escrow?? I would sleep much better....

[LuckyPanda]

AZ, I think you nailed it.

1) Safe harbored assets were remote bankruptcy - so judge cannot address it in court

2) Equity team must have brought some sealed evidence to judge , "look at all these ABS in remote bankruptcy"

3)judge knew that she needed to include commons at the end of waterfall without openly addressing in court the various remote bankruptcy assets

4) so she threatened the hedgies with insider trading charges to include the 75/25 split for WMIH. everyone in the room knew that the big prize lies in remote bankruptcy trusts...so they agree to 75/25 grudgingly knowing that it is just a small part of final returns.

5) separate classes of 19 and 22 were issued for preferred and commons...allowing the markers to keep track of whose who after the LT distribute the remaining assets in LT 75/25.

6) Speculation: in open court they made it sound like 75/25 is to the end while I speculate that the hedgies loaded up in commons while telling retail to sell theirs to buy preferreds

[goodietime]

"The WMI Class 19 "P" Security's are limited within their own allowable return, ... "

Is there a link as to what is the limit of this allowable return?

[newflow]

Wmilt said libor is not yet entered into its books,so does all assets jmo.
Every asset has to be valued only if it is necessary, wmi said THJMW never asked for it so they never tried to evaluate each and every asset in bkch11.So assets were locked up legally some where,jmo.

Common sense is commons, they included commons in exhibit H only after the voting was done and after reorg started.
Like Libor, they dont have to mention the assets if they are not comfortable within ch11 jmo(ofcourse lot of scope for wink wink and obviously).

Please think of real investors whose lives are based on the outcome of this case.Please use proper grammar
my friend, its so annoying that people praise you with a continued ~ with out no grammar.

I am not hating you my friend, i like and respect your perspective but its too much ~~ some times to consume.Respect everyone, thats my motto.
Some times i feel that you explored in this case in the areas i never touched, i dont want to touch it because i dont have any interest(s) in those.
I probably read more than a million pages in this case Mr.AZ, that does n't mean i know everything.