Replies to post #598425 on Mr Cooper Group Inc (COOP)

[hotmeat]

That would mean Equity's stake in former WMI assets transferred to COOP would have been diluted from 100% to ~18% since 2012.

The main beneficiaries being HF's that never released, and enjoys these benefits by merely buying COOP shares, including those bought just prior to an announcement of such assets.

I don't see how that represents the F&R many here clamor about daily....that theory make no sense.

[stoxjock]

IF what you are saying comes to pass, that would be "Grand THEFT WAMU", all over Again!
Not that we did not ruminate something like that could happen, we did discuss exactly something like that happening many times on this MB itself in the past; However, my hope is that it wouldn't happen.

[SamuraiProgrammer]

I remember some language that listed what WMIH would emerge with. That language included the idea of 'and that is all'.

However, I also remember some strange language about how a subsidiary's 'equity' went one way and the 'equity interest' went another. Confusing to say the least.

I wouldn't worry too much. I think COOP will get some table scraps but not the bulk of the enchilada. On the other hand, I have increased my COOP stake above and beyond what was awarded to me by BK just in case.

[newflow]

ROACH.. YES THAT WAS AAOC's PLAN (6th POR)

However, it was changed when the EC demonstrated to the court that Debtor was solvent.Meadiator was appointed, equity was allowed to participate.

GSA monies won't go to WMIH.GSA plan contribution assets were put into liquidation trust claims reserve and EC was appointed to TAB to monitor those assets and reconcile certain WMB noteholders claims.

Solvent debtor assets are property of its owners ie former shareholders.Those assets get divided 75/25 between class 19 and class 22.

JPM has to make a Final Payment after all the tax claims are resolved, and i believe its about time.

[dmceng]

Roach,

ME thinks the escrows are linked to shares of COOP. Don't know the exact formula but would guess at least 40 coop shares per escrow share. So with coop at $25, each p escrow share value $1000. I expect Coop to be a minimum $200/share stock in a VERY short time. Since I have around 10k of coop I will obviously be a happy camper regardless how escrows turn out.