Replies to post #581984 on Mr Cooper Group Inc (COOP)

[hotmeat]

I don't believe that there is any cash held outside the LT/bankruptcy either but to be fair, IF TRUE, all higher priority classes and/or claims would have to be either paid off or dismissed to avoid any legal issues. That aside, IMO many here have been sold a bunch of MB nonsense as fact.

[PickStocks]

If there is no money why didn’t the Underwriters fight to stay in 18, at least they’re guaranteed 24 million. I don’t think they would have moved to class 19 if there was no money.

[PickStocks]

She made the claim either a reimbursement of her legal fees “hosen has that and will not share” or she was asking for her to benefit and only her. Which is outlandishly selfish. What about the rest of equity.

[PickStocks]

The only issue is why haven’t the Underwriters stated anything. They do not receive one penny unless we do as well. So if there is no money I do not think they would be silent like this. Hosen made the deal again to get them to move from 18 to 19. He showed them the work product which shows exactly what will transpired as he did when they were accused of insider trading the first time. Hosen did show that the money was not going to be wmih but what was not seen. They would benefit with just 1%.

[cura asada]

AZ is right, the billions are with FDIC and JPMC. With escrow he means 939ESC992 and 939ESC968 and I understand that they have been receiving distribution. Their are only 3 holders with 939ESC992 and 2 holders with 939ESC968 according the voting results and in my opinion is the reason we don't hear anything.