Replies to post #595399 on Mr Cooper Group Inc (COOP)

[Large Green]

austin01, you posted the following - Large Green, did a "neutral third party" investigate those assets and come up with that $299 billion amount? "But I understand that the equity committee is very interested in having a neutral third party do an investigation of those retained assets.

austin01, the following is the exciting part and the roadmap to future distributions especially to the (DST) Delaware Statutory Trust




***WHO ARE RELEVANT BENEFICIARIES OF TRUST***

NOTE 3
http://www.kccllc.net/wamu/document/0812229191031000000000005

Following a final distribution of cash to relevant beneficiaries of the Trust, no additional distributions (of cash or equity in Reorganized WMI) will be made.

1.4 Appointment and Acceptance of the Liquidating Trustee. As set forth in the Confirmation Order, the members of the Trust Advisory Board hereby designate William C. Kosturos in connection with the applicable provisions of the Delaware Statutory Trust Act, 12 Del. C. § 3801 et seq., as the same may from time to time be amended, or any successor statute (the “Trust Act”) to serve as the initial Liquidating trustee under the Plan.

We have ALL used the term "Escrow ShareMarkers" but we're actually Relevant Beneficiaries of the Trust

http://www.kccllc.net/documents/8817600/8817600120507000000000001.pdf

1.7 Incidents of Ownership. Except as provided in Section 1.6 hereof, the Liquidating Trust Beneficiaries shall be the sole beneficiaries of the Liquidating Trust and the Liquidating Trust Assets, and the

Liquidating Trustee shall retain only such incidents of ownership as are necessary to undertake the actions and transactions authorized herein, in the Plan and in the Confirmation Order, including, but not limited to, those powers set forth in Section 6.2 hereof.

BTW: 1.6 No Reversion to Debtors. In no event shall any part of the Liquidating Trust Assets revert to or be distributed to any Debtor or Reorganized Debtor.

http://www.wmitrust.com/wmitrust/document/8817600191101000000000001

• Note 3 Separated With Bullet Points: Motion to Close Chapter 11 Cases The chapter 11 cases of the Debtors are substantially complete with all assets having been marshalled and all claims resolved

[i]• The only material pending action includes collecting the B&O Tax Receivable (See Note 6) and initiating final distributions to relevant beneficiaries of the Trust

• The Trust intends to file an application with the Bankruptcy Court to close the chapter 11 cases of the Debtors in November 2019, with a hearing date scheduled for December 19, 2019, which date may be subject to change

• Shortly after the Court enters the order to close the chapter 11 cases, the Trust intends to make one final cash distribution to holders of Class 18 Allowed Claims (See Note 5), and redistribute shares in the Disputed Equity Escrow (See Note 7). Any outstanding LTIs and escrow markers will be canceled

• Subsequent (after) to the Bankruptcy Court approving the closure of the chapter 11 cases, the Trust will remain open for a period of time in order to wind-up its operations

• Following a final distribution of cash to relevant beneficiaries of the Trust, no additional distributions (of cash or equity in Reorganized WMI) will be made

[PickStocks]

That never happened.