Replies to post #611996 on Mr Cooper Group Inc (COOP)

[zeus_0100]

There is no dilemma , because there is NOTHING TO DISTRIBUTE!

[tanjazielman]

Well, in essence Rosen and Walrath were right.

A. IMO escrows only represent the amount of COOP shares one could receive within the confines of the LT. Many PR's confirmed this, and even if Walrath or Rosen wanted to talk freely about possible returns, they could not because of confidentiality agreements. Also Susman and Godfrey and Mike Willingham are bound by these agreements.

Rather I think the original ownership in former WMI is documented in so called "election accounts" , which were formed during the voting ballot procedure, which contains your economic entitlement (which type preferred or common) and are held at DTC. This is mentioned in the DS of the POR.

B. After LT is finished (which has happened since the Form 15 filing on seventh of Feb) there are no COOP shares in escrow anymore. The original ownership you had in WMI, is documented at DTC in these election accounts. And when WMI Inc gets reinstated as Parent of Coop in the Post Reverse Triangular Merger entity, the "special dividend" will be allocated on the basis of the type of ownership you had before reorganization.