Replies to post #631802 on Mr Cooper Group Inc fka COOP

[LuckyPanda]

Raj, can you please post that FDIC email here for reference? This is a big confirmation of what CBA09 postulated back in 2017 before he left the board. According to CBA09 there are two possible release mechanism for the remote bk assets....one of which he described as "all true ups" condition -- which requires the FDIC receivership to close.

If FDIC stated that our markers will be around until they close. This is a big confirmation of the "all true ups" release condition that CBA09 postulated.

Now we just need FDIC to shut the receivership down before year end...hopefully. I think taxes can only go up after the pandemic settles. California is already going nuts proposing 18% income tax rate and 0.4% wealth tax on top of that.

[AZCowboy]

~ Hello Raj, I Hope You and Family Are All Fine' ~

... Yes, ... there were those that were confused (obviously), and then sought' to spread that confusion to others' ... (sad or laughable, I haven't decided yet, I'm leaning towards "sad") ...

... however, the fundamental difference between a Corporation Issued', Fixed Income Preferred (Bond') and a Common Share Estate Owner Equity Class, is simply not able to be changed or adjusted' ... or combined into a ratio of distribution', outside of an implemented plan' ... Plan 7' was Implemented Way Back on 03/19/2012' ...

WE', along with the newco' "COOP" will be okay' ... WMIH-Corp remains the Parent Corp. ... yes, take care old friend'

I believe everyone' should take a new look at Cura's work regarding the completed payment yet to come, and the sub created and used to acquire NationStar, and then consider Plan 7's Tranche 3' (CCB) which although acquired by WMI in 2006', had not yet been financially completed according to original contract, in Sept 2008' ... its basically the same process'

Once Again as I already posted, Here Is An Operational Procedure That WMI, now WMIH-Corp ... Utilized to Merge with and acquire a different Corporation' ... If' ? this sounds familiar to you ?, it should', it's the same procedure used to merge with and acquire NationStar, which was all revealed during the 3rd quarter of 2018' ...

"the Company and Washington Mutual, Inc. (“Washington Mutual”), announced they had entered into a definitive Agreement and Plan of Merger (“Merger Agreement”) pursuant to which Washington Mutual, indirectly through a wholly owned subsidiary, will acquire all of the outstanding shares of the Company’s common stock in exchange for $16.00 per share in cash."

remember wand ?, ... "indirectly through a wholly owned subsidiary" ... (oh, and the company that was being acquired back then in 2006' was Commercial Capital Bancorp, A Tranche 3 Creditor Class' to WMI's Plan 7, because the payment had not been completed' at the time of the BK filings')


AZ

[WAMUSHAMU]

Yep markers will disappear, when we sign for the final time and they sign for the final time