Replies to post #594570 on Mr Cooper Group Inc (COOP)

[BigBang]

In my opinion, one doesn’t have anything to with the other. Your escrow markers will secure for you any future distributions, if any, may come our way. However, someone with more insight than me, may want to chime in to provide clarity. Wish you the best!

[stoxjock]

Mad4,

Sorry to hear that you are facing a Cash Crunch and facing a Dilemma of whether to sell your COOP Shares.

Unfortunately, the present situation has been muddied due to silence/misinformation from WMILT. IF you had asked me this question like 2 years back, I would have said that you could sell your WMIH shares as whatever recoveries we get would be coming through our Escrow markers and the two are not tied to each other.

BUT after this whole merger with NSM and the 12:1 exchange to COOP shares, I have my suspicions about all our recoveries coming through Escrow markers for the following reasons:
1. The way COOP PPS was deliberately brought down to allow ALL "Latecomer Hedgies" and others to the party, to pile into COOP shares on the Cheap.
2. The recent Docket from WMILT which is indicating that Upon BKs Closure AND, after the FINAL Distribution (of supposedly the DEE COOP shares, but looks like a lot of things are being left unsaid at this point), the Escrow markers will be deleted.

Due to the above two reasons, IF they get rid of our Escrow markers, without any recoveries coming to them AFTER BKs closure in December 2019, then I can only hopefully assume that what ever 'F&R" recoveries they promised us would come through some rapid spike in the PPS of COOP shares... That would be a highly fraudulent scheme in that they massively devalued & diluted our WMIH shares by the time we got the COOP shares...

I sincerely hope you would be able to hold on to your COOP shares at least through end of 2019 to get your recoveries, IF they are come through appreciation of the PPS.

[BBANBOB]

IF YOU NEED TO SELL EM AND IMHO ESCROWS DON'T GO AWAY

[AZCowboy]

~ Mad4, Information To Help You, NO GUESSING' ~

* From The SEC, Cusip 939esc968 ... Washington Mutual Inc "Common" (NV) SH BEN INT

* From The WMI-LT's Most Recent QSR ... 1 "The Trust understands that Reorganized WMI changed its name to Mr. Cooper Group Inc. on or about October 9, 2018."

* Regarding Taxation Concerns ... "An initial distribution made on March 23,2012 of: 0.03349842 shares of WMI Holdings Corp, ticker symbol WMIH and 1.0 units of beneficial interest in the liquidating trust for Washington Mutual Inc. (a grantor trust)"

* WMI-LT March 24th 2015 Press Release ... "As of the Effective Date of the Plan, Depository Trust Company ("DTC") established and maintains positions in the Escrow CUSIPs."

* WMI-LT March 16th 2017 Press Release ... "By way of background, as of the Effective Date of the Plan, the Depositiory Trust Company ("DTC") established and maintains positions in the aforementioned Escrow CUSIPs."

... Please read this information very, carefully, as I will never make any suggestions regarding a Buy, Sell, or a Hold of Any Security ... "Life Happens To Everyone"

The Original Washington Mutual Common Shares, (now, CUSIP 939esc968) are able to be tracked (obviously), ... however, the WMI Preferred are more difficult, not impossible, due to the fact that they are TRUSTEE maintained ...

... I wish you well' ...

AZ