Replies to post #562438 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ So After A Review ?, What Did One Buy ? What Do You Own ? ~

As listed, It’s quite obvious that the original WMI Packaged Preferred Funding Trusts supporting the offerings were never cancelled ...

It’s also quite obvious that the holders of the WMI Preferred were to be subordinated to any senior creditor Debt in the event of a WMI bankruptcy filing ...

So, Was anyone here an ‘Accredited Investor” Participant ... ? ...

Or, ... were you a purchaser of these WMI Financial Offerings On the “Secondary Market” through your Bank, Broker, etc. ... ? ...

... as is stated, ... the quarterly dividend returns were to be suspended in the event of a bankruptcy filing ... which is consistent with the financial reason for the actual purchase of a preferred security ... they produce dividend returns at a higher yield than normal ... the P and K offerings are “Fixed Income” ...

No one that purchased these offerings on the Secondary Market, ... Own The Actual Performing Trusts Support ... As listed, The WMI Packaged Preferred Funding Trusts, ...

~ Know What You Own ~

~ Common Shares, Always Own The Estate ~

~ Preferred Purchases On the Secondary Market Are “Fixed Income” ~

... And, ... as is now stated as of 02/25/2019 in accordance with the Approved Order, Docket # 12585, ... All of the WMI Senior Creditor Debt (Tranches 1 through Tranche 4) ... have been paid in full ...

AZ

[ron_66271]

Great Post AZ.

I love this line;

"As of September 30, 2007, we had total consolidated liabilities of approximately $306 billion."

"We" is the officers of WMI.

The "liabilities" are the "assets" due to the Investors in WMI.


HLCE,
Ron