Replies to post #562219 on Mr Cooper Group Inc fka COOP

[mattchew]

A general lack of understanding seems to rule the day when it comes to 75/25% to the end.

As you know, the reorganizing debtor's assets were, are and never will be available to the WMI-LT for distribution.

The 75/25% was for reorganized debtor shares, and the creditors did not vote on it because they did not have a claim to it.

Therefor, there was no violation of the APR, as stated in open court during the confirmation hearing.

[boarddork]

I can confirm my Schwab account Ps read that way. Further, clicking on it leads to a pop up window on the Bonds trading page. Almost as if these will be tradeable again at some point in the future.

[LuckyPanda]

AZ, wow! This is proof that 75/25 does not apply to bankruptcy remote assets outside of LT. Again, why maintain the trust assets information backing the original preferred shares with the class 19 escrow markers? This supports my suspicion on why keeping separate class 19 and 22 escrow markers destroys any logical reasoning behind 75/25 to the end theory.

If POR7 truly nullified all prospectus for commons and preferred, and the intent was for 75/25 liquidation to the end, then only one escrow class would have been issued - and the number of markers for that escrow class split 75/25 between the releasing preferred and commons.