Replies to post #568552 on Mr Cooper Group Inc fka COOP

[AZCowboy]

~ Stox, Like I Said, These Are ‘MY” Opinions & Conclusions ~

... However, Your Question Is Also Something Very Interesting That I Originally Took Into Consideration As Well’ ...

the, ... WMI’ Parent Owned, “Washington Mutual Capital Trust” was created well before any of the WMI Class 19 Designated Preferred offerings ever became available ... and, ... it’s three point Liquidation Preference was stated within its early original documents, ... and, ... the Capital Trusts “Liquidation Preference” was to be Activated’ if and or when’ the WMI parent ever found a need to file for bankruptcy ...

So basically, ... it has been a time line of the sequenced events that has lead me to my opinions and conclusions ...

Sort of like my humorous quip regarding, ... ~ Understand Plan 6 “Participate” In Plan 7 ~

Helpful ?

AZ

[jerrylev]

Obviously somebody does not understand POR 7 or simply wants to understand in a different way based on his holding. It is not a matter of digging a wedge between preferred and common because it was all decided in POR 7 and it is what it is whether one likes it or not. It is not the same as the days leading to POR 7 when one can argue for one class versus the other class, or after POR 7 but before the effective date when one can spread misinformation to buy one class of stock cheaper. POR 7 was decided and you cannot trade your escrow markers anymore.

Having said this, it makes no sense to twist the truth because one owns a class of stock, such as WMILT will go away soon, or common owns the estate, or preferred is not part of equity, blah blah blah...

The fact is that there is one SINGLE pot of money where everybody drink from the same fountain and we will all share, albeit at different ratio but we share from the same pot, including somebody as high as TPS.

I have no idea why somebody keeps spreading misinformation like preferred gets money from these trusts while common get from other trusts, blah blah blah... It makes absolutely ZERO sense no matter how many times it is pointed out in SEC filings that all stocks were canceled.

We all have ONE common goal between preferred, TPS and common which is that the common pot is not empty and it is full of dollar bills.