Replies to post #660985 on Mr Cooper Group Inc fka COOP

[Split T]

wwhatthe, Your a good man Charlie Brown, but be careful as the Lucy's of the Board will try to pull the football once again! lol


COOP's PPS is where they want it for the time being, Monday's a new day and the PPS will be Green once again within the first five minutes.

Oh my, they did leave it green by $0.01, that was thoughtful of them, huh?

[mattchew]

Thanks for that great breakdown!




"Certain assets were transferred to the newly formed WMILT........"

[SamuraiProgrammer]

Great DD!

Thanks for posting. Looking forward to your next post.

Edit:

Just read the 2nd post. I agree that on this board, people use 'specific' terms in 'general' ways. This unfocused viewing of the facts that are available allow a twisting of meaning that boggles the mind.

We have had claims from board denizens ranging from $0 return to $600B+. We have had long and drawn out arguments over how far 75%/25% reaches. We have had long and vicious rhetoric about who is trying to help us and who is trying to steal from us.

Frankly, only time will tell and even then, there will NEVER be full clarity on the subject. Even if we were to get paid tomorrow, the next post would be something along the lines of 'that's not all of it' or 'what about the mineral rights'.

As far as I can tell, the only declaration of company value in which someone outside of the 'machine' managing this debacle was Dr. A when he asserted a number between $80B and $90B in his letter. Dr. A had worked as an outside consultant for the FDIC in the past. Surely he knows how to read the 'books'. Furthermore, his reputation was at stake. Since we are all anonymous here, what is at stake if someone says $0 or $600B+? Nothing is at stake for these posters.

I am looking forward to seeing this resolve (both the information and the distributions) and hope that the value is at least $80B + reasonable interest.

Here's Hoping!

Goooooo WAMU/WMIH/COOP

GLTA

[t1215s]

Interesting for sure

It’s pool and hot tub time, was a very busy evening last night and need to revive myself ,company for late lunch ;-)

Have a great weekend people N stay healthy people Ts

[hotmeat]

Query to you and/or AZCowboy...............

I will admit I always read your posts and appreciate the actual WORK you (and a few others) put in trying to decipher this 13 year riddle. I didn't however usually believe in the content but I can still commend the effort, especially when compared to the usual offerings presented here.

I would first like to confirm whether we were indeed issued and still possess Contra-Cusips that were issued by the DTC/Debtors/POR7...WHOMEVER???

After reading your post I looked at what these "DTC Cusips" actually are and my interest was peaked based on what I read....it actually does confirm to a considerable extent what AZ has been saying for a while now on this issue.



Contra-CUSIP:- The CUSIP used to indicate your tendered position (representing instructions submitted by Participants to surrender securities). For example, a contra-CUSIP is set up to complete a reorganization function. corporate action.

Contra-CUSIP numbers are used to segregate your position (representing instructions submitted) for voluntary offers and put bond options.



Based on the above definitions of Contra-Cusips, IF WE HAVE THEM, it seems to indicate that these DTC Cusips may have been the mechanism put into place to secure possible future benefits via the Newco, now known as COOP.

Looking further into the issue I found this in an SEC document called the Reorganizations Service Guide. Not sure if it can be applied to our case but the wording and similarities are uncanny.



LIQUIDATION: Step (1) The dismantling of a company with the distribution of securities and/or cash to creditors first (bondholders). Step (2) A new contra-CUSIP may be assigned to those holders whose original CUSIP was deleted upon receiving the initial distribution proceeds. Step (3)
That new contra-CUSIP will be used for any future disbursements.



Not saying this definitely means anything but does this not almost mirror the WMILT-WMIHC (COOP) segregated Liquidation-Reorganization dynamic to a tee??? The similarities are striking IMO, to the point where it just can't be simply dismissed as being just coincidental!

Step by step...1) We received Securities and Creditors received Securities + Cash.

2) If we do indeed now possess Contra-Cusips that means Step 2 was indeed completed when our original Cusips for Prefs and Commons were deleted as per the POR.

3) "IF" this is all true, then Step 3 is forthcoming as our DTC recorded and maintained Contra-Cusips are used as the mechanism by which COOP facilitates legacy based payments to holders.

Would appreciate yours, AZ's and/or any other SENSIBLE poster's thoughts on the issues raised above.

TIA

[t1215s]

01 = The sequence number About Contra-CUSIPs

https://www.dtcc.com/-/media/Files/Downloads/legal/service-guides/Reorganizations.pdf#page28
Page 26-28
Contra-CUSIP numbers are generated by DTC and used to segregate your position (representing instructions submitted) for voluntary offers and put bonds options. The contra-CUSIP contains the first three digits of the issuer number as assigned to the security to be tendered.
Note:
For internal processing and input to DTC, you should use the same CUSIP number reserved by DTC for contra-securities.
Pledge of Contra-Securities
If you have surrendered securities in response to a Voluntary Offering under these procedures, you can pledge the contra-securities that have been credited to your account by book-entry. The surrendered securities have been delivered by book-entry to the agent's account, and from the time of debit from your account are subject solely to the agent's instructions. DTC is in possession of a receipt from the agent for those securities that have been properly surrendered through DTC. Therefore, for the purpose of their pledge, the contra-securities represent your rights through DTC to receive from the agent the cash and/or security payments based on the rate or accepted bid and/or the return of some or all of the surrendered securities in accordance with the terms of the offer.
Note:
DTC will not deliver the securities that are the subject of a withdrawal request approved for processing by the agent from the agent's account to your general free account if you have pledged the related position under the contra-CUSIP number. You must release the pledge of the contra-securities before the return of the securities that are the subject of the approved withdrawal request can be processed.
Chills on Reorg Activities
Certain reorganizations may require that DTC place chills (restrictions) on physical and/or book entry activity. Contra-CUSIPs are generally chilled also. The timing of the chills will vary depending upon the event type or security type such as book-entry only.

Ts