Replies to post #581971 on Mr Cooper Group Inc (COOP)

[PickStocks]

For less than 7 min of garbage hosen gets paid 1/4 million for doing crap. He has this down every quarter he goes before the court bills. Rinse and repeat. He gotten support the new law firm

[dimples52]

I listened to the tape and Rosen stated that the Appeal by Ms Griffin will not delay the closing of the bankruptcy because there are no additional funds set aside for that claim.

I gathered that when the LT distributes the last penny and/or shares that is it. Now AZ is saying the money for escrows will be outside of the LT and if he is correct the money should start flowing immediately and if not I think we have been mislead to think there is money somewhere waiting to be distributed and it's not going to happen. The other observation is if the money is coming to us outside of the LT then why hasn't it started yet? IF there is money then it should be flowing. If there is no money then you have what you see today.....nothing.

[sharing4u]

sidedraft,

Thank you so much for your help.
I listened twice to the recording and it helped to clear some vital items:

1. The long lasting employee's claimed are done. Nov 1, 2019 distribution as mentioned by BR are for the remaining claims to be paid accordingly, not distribution to final equity holders of former WMI.

2. AG filed 1st Appeal Brief and WMILT has to reply by 7-22-2019. There are no fund left for the UW or other claims. This will not delay closing of bk.

3. WMILT is planning to close bk in Q3 2019, if necessary Q4 2019.

Please be generous to correct me for any error or mistake.

[PickStocks]

Thank you for posting