Replies to post #589443 on Mr Cooper Group Inc (COOP)

[ReikoBlack]

10:35

Brian Rosen: Your Honor, I’m happy to report that we’ve resolved this claim. Of the shares of stock, those shares of stock will be provided for other equity holders and there will be a cash payment to this underwriter of $65,000.

Judge Mary Walrath: Ok.

Brian Rosen: And, so, (?) the balance of the cash,…of the stock, will go to the other holders within Class 22.

This is so funny!!!!!!!

Hosen, we know there is no money, but instead of settling for 65k in cash, we will give him 65k shares in class 22.....There is no money....so why give cash whne we can just give certificates that are worthless. something for nothing........What hosen is not saying is, "Your Judge Mattress, LTI has no more money to give out....since all the lawyers will milk the remaining 25m or just hand what is left in bonuses to all LTI personnel....."


So think about it, why are people settling for certificates in P or U's and not cash.....

[hotmeat]

It's apparent he was referring to the 128K shares left to distribute from the DEE. No one is receiving additional Class 22 Escrow Markers, not sure how you came to that conclusion. Happy all the same that the date for the application to close the Bk was announced.