Replies to post #596697 on Mr Cooper Group Inc (COOP)

[LuckyPanda]

LG, if that is the case, what happens if the original investor who released closes his brokerage account after the escrow markers are deleted. Then a few months later money shows up??

[stoxjock]

I hope all you are saying will occur but then we Have been Screwed so many times so far in this Saga that the Wiping out of our only evidence of our Releases which are our Escrow Markers clearly provides them a way to screw us again...

[hotmeat]

While I agree that the WM Rainier and WM 1031 merger documents raise a few questions, they do not IMO provide any factual evidence of assets being "hidden".

In fact WM 1031 was later dissolved in December 2017, ~6 months after the merger so it's likely that any cash assets it possessed were transferred to the WMILT.

Do you have any proof showing the new entity possessed real estate or other assets that were placed in DST's, now being supposedly managed by Kosturos?????

Re this post....it is apparent that we will not be receiving any distributions from the WMILT since both our Escrow Cusips (for shares) and all LTI's (for cash) will be cancelled.

Unless there is some other avenue or process for payment to Equity, this fiasco is all but over as far as I AM concerned!!!


EDIT: LT cash to Class 18 and the DEE shares to Class 22. There will be only one FINAL distribution...hence the term FINAL!

[sassychassis]

Just what specific asset/s are in the DST ?