Replies to post #601340 on Mr Cooper Group Inc (COOP)

[zeus_0100]

*" WE' (You and me) were CLASS SPECIFIC purchasers of WMI's Financial Products that have now survived its Bankruptcies and its Reorganization'" ...


Nope, they were cancelled, didn't you know that?

[BBANBOB]

PLease explain what FINANCIAL PRODUCTs BACKED the UQ's especially with all prospectuses having been canceled


"" * WE' (You and me) were CLASS SPECIFIC purchasers of WMI's Financial Products that have now survived its Bankruptcies and its Reorganization' ..."""


EQUITY owns the company, RIGHT????????????????????????

Or did until the company changed preferreds to equity in March of 2012

[Civil War General]

When did the exchange event, where P preferred convertible to commons at a particular ratio actually happen and what is the ratio?

[goodietime]

AZ, Re the 'Class specific portion for commons.

Are you suggesting that at one or more points in time, WAMU issued
Notes/created Trusts SPECIFICALLY to 'back/give certain value' to the common shares?
What would have been the reason for doing so? I can't think of any other Company that has done this.