Replies to post #584541 on Mr Cooper Group Inc fka COOP

[Juschilln]

Thank you Ron.

[austin01]

So Judge Walrath actually implied that there is 10 Billion in a Living Trust with escrows being the beneficiaries?

[Boris the Spider]

I think Walrath's 10B comment was not meant to be an accurate number by any means.

I think she was just trying to hint that there was indeed money under seal, i.e. safe harbor. It could be less but it likely is much more.

It was like she couldn't contain herself and she had to say something. She knows the angst that's out there among retailers, some who have lost their life savings, homes, spouses, health, etc. She could've just as easily said, look, there will be no further money so people shouldn't get their hopes up. But she didn't.

I find it hard to believe that she, Rosen, and others involved are so cold and cruel that they care nothing about those whose lives have been so profoundly devastated.

[goodietime]

"The WM Capital Trusts are a 'living will' for the common shareholder."

You seem to know about a company's finances.
Can you point out ANY OTHER company, anywhere that has the common share value backed by a trust?

How could ANYBODY state in Court that commons were worthless?
In you scenario, such a statement would be a blatant lie, and should have been dealt with as such by the Court.

If common was backed, WHY would it EVER go below the 'GAURANTEED VALUE'?