Replies to post #569730 on Mr Cooper Group Inc (COOP)

[Johnnyiwantsome]

AZ,
As the the The Filings by Alice Look to be headed no where and the cases should all be wrapping up shortly Do you see the "tell more evident in the recent downward movement of the Coop S.P.?

In looking at the cutting in half of the S.P of Coop It appears the blocking Mechanism is being played for an accumulation of stock For what I am unclear, but the timing and price movement seem a bit coincidental?

Any thoughts would be appreciated as to this massively oversold condition and how it may or may not relate to The release of the Trust's back to their original ownership chain?

Regards,
B

[ItsMyOption]

From the document:no additional distributions are likely from Debtors This does not include any held by Trusts - off book or legally isolated.

Accordingly, pursuant to the provisions of the Plan and the Confirmation Order, it is projected that, other than the shares of equity of the Reorganized Debtors previously distributed, no additional distributions are likely to be made to holders of WMI’s equity interests in Classes 19, 21 and 22.

[Olti100]

~ Watch Your Six ~

Watch your Sixty Nine sir.

[LuckyPanda]

AZ, is it possible for bankruptcy remote assets to return to escrow without using WMILT as a pass through entity? What mechanism makes it possible?

From today's responses, 2 things are apparent:
1) Remote bankruptcy assets cannot pass through WMILT to escrow or Rosen's statement will get him in legal trouble. So if any assets return from remote bankruptcy trusts, there needs to be a mechanism that avoids the LT as pass through. Any idea on what that mechanism might be?

2) There is definitely remote bankruptcy assets...at least $10B. Otherwise why would the underwriters file the joinder and ask for judge's approval of the 2013 deal for 1% of class 19 stake?