Replies to post #598714 on Mr Cooper Group Inc fka COOP

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Bbanbob, also ignores court signed filing that does not fit into his Skybox such as the following that was signed on the Effective Date of 3/19/2012 cancelling ALL former preferred and common prospectuses along with ALL associated documents.


Quote: "23.3 Cancellation of Preferred Equity Interests: Notwithstanding the provisions of Section 23.1 hereof, on the Effective Date, all non-REIT Series Preferred Equity Interests shall be deemed extinguished and the certificates and all other documents representing such Equity Interests shall be deemed cancelled and of no force and effect".

Quote: "25.2 Cancellation of Common Equity Interests: Notwithstanding the provisions of Section 25.1 hereof, on the Effective Date, all Common Equity Interests shall be deemed extinguished and the certificates and all other documents representing such Equity Interests shall be deemed cancelled and of no force and effect".

Either the bankruptcy process controls while allowing certain assets to be legally bankruptcy remote or the process does not control. One cannot cherry-pick what applies and does not apply.

Some of us are not disputing Safe Harbor, segregated bankruptcy remote assets in trusts (this is a given), but are discussing proof of ownership and how this is distributed.

For those who signed timely releases by 3/2012, this is the last link in chain of title, so how is one's ownership measured if not for quantity of markers and type of markers?

Further, how is it that distributions would be distributed if not for the markers and the quantity and type of markers in one's account?

It would seem the powers of the bankruptcy court rule even though SOME select assets are protected via Safe Harbor.

If these assets are totally separated from the court and the court's powers do not control ownership, then how can you use the court process of signed releases to identify ownership?

Under this pretense, it would seem if one signed releases and the assets are outside of the bankruptcy process and the powers do not govern, then investors who signed releases would NOT own these assets.