Replies to post #592445 on Mr Cooper Group Inc (COOP)

[stoxjock]

"MW owned just commons, dont you think he wants to get a Lion's share for his common shares wherever possible?"

I am really miffed whenever someone brings up this argument to say that because MW Just owned Commons, he will 'swing' the recoveries to 'skew' towards 'Commons'... As MW supposedly represented ALL Equity, he better be careful from getting involved in some sort of 'Scam' of 'swinging' recoveries 'skewed' towards Commons... He'll end up in JAIL if he does that... this is not his Pap's BK case, it involves ALL shareholders Other than MW himself, who owned WaMU Shares of various Flavors...So it's not like his Pap's Company that went BK to do whatever he wants!

[stoxjock]

"I assume P's get paid well with interest, but not more than 100% their claim.JMO ,it should be some where in the confirmation order."

What "Confirmation Order' Fact are you talking about?? As far as POR7 'Confirmation Order' is concerned, it was clearly negotiated and Passed 'Approval' based on the 75%/25% Apportionment of ALL Assets between Ps & Us... Anyone trying to say something else is trying to 'rewrite' history to suit their own fascinations!

[ron_66271]

P's Are Non-accumulative Interest,

but perpetual. No $76 a year. The P's traded around $1,300 per share. Why?

IMO, the P's had two payments; Performance and Interest.

The $76 in interest has stopped, but the perpetual performance payment continues.

The perpetual performance payment could be around $200 a year. This is 100% their claim and not limited to $1,000 face. Its their property. The Prospectus was only cancelled for the tradeable shares not the ESC P markers.

[BBANBOB]

NOT if AZ is correct in that THEY ARE BACKED BY A TRUST and that TRUST IS DEDICATED ONLY TO THEM.