Replies to post #662033 on Mr Cooper Group Inc (COOP)

[Unicorns r Clowns]

Two serious ques? How did they hide the 20.8bil retained earnings from the feb mor and how can you say wamuqs werent cancelled when the por says they were? I start getting excited reading you guys posts then i see fkups like this commons not cancelled doozy.

[newflow]

Ron, i never support any hypothetical arguments here because there were lot too many unknown things happened in these cases and sealed agreements were made .Anyone of us could draw something hypothetically.
One correction is commons also were cancelled,but they get the beneficial rights to the LT.There was(were) agreements between JPM,TPS and EC just before the confirmation probably around Feb 16,2012 if i am correct.That shows there is a connection between these 3 parties and i dont know what it is.It could be anything.
But there is no involvement of JPM during reorg and distribution of shares,that was purely done by WMI Holdings Inc.So what the agreement between those 3 parties?.What was or is or will(be) the output?.
Paper napkins or tissue math is just for entertainment.We should seek real facts IMO.AG being a lawyer she never requested any good info,but diverted stuff.AG could have done a better job being a lawyer.BR is a great lawyer,he could convince any one or (use anyone for the party he works for IMO).I like him.Ofcourse i like THJMW not joining in FDIC team unlike somany others and I still believe in Mr,Susman and team.

[vodkadejour]

Hey Ron, hope you're well. I keep telling Scott the dream appears to still be alive. I'm not a big believer myself, but I think you are, and you understand more than I. I got Scott into this mess back in 08. I'd like to see him get something out of it. Tell him hi will ya...
And good luck to us all...

From Bellevue....

[2kidsnomoney]

I thought Ps can collect back interest but not dividends. Maybe I misunderstood.

[xoom]

Brilliant Ron !!!
Both you and AZ are in sync with projections !!!

[nhtrader]

Ron, you are forgetting that WMI filing BK was because of the Actions of the OTS and FDIC, which Shelia Bair all but admitted was wrong. So with all the redactions during BK, it's feasible an agreement was reached to pay interest on the P's. Remember, Humpty Dumpty needs to be put back together.

"Correct Newflow, No Back Interest for Class 19.

Series R (P's) are non-accumulative, therefore NO back interest payments are due because of the BK. Before BK, Series R (P's) share price averaged around $1,300 and the interest payment was ~$76.00. Series R (P's) received two distributions; the 7.75% interest and a Performance payment. That's why Series R (P's) sold for ~$1,300"

[Large Green]

***There was an ownership Change on 3/19/2012 that canceled ALL former Preferred and Common Prospectuses along with ALL associated documents. Here take a look***

Understand POR 6 and KNOW the changes/facts in Amended POR 7 approved by the court on 2/23/2012 plus the 8K Filing on 8/1/2012 which ALL SUPERSEDES ANYTHING PRIOR

Let us look at the actual August 01, 2012 8K filing that discusses this 75/25 issue. Annex C which is after the 2/24/2012 court-approved Amended POR 7, and after the March 19, 2012 Effective Date.

https://www.sec.gov/Archives/edgar/data/933136/000090951812000255/mm08-0112_8k.htm

Annex C - Item 1.01 Amendment of a Material Definitive Agreement.

Annex C to the Agreement was revised to clarify that holders of Preferred Equity Interests and Common Equity Interests will be issued Liquidating Trust Interests in Tranche 6 on account of those interests when Tranche 2 through Tranche 5 Liquidating Trust Interests have been satisfied in full, AND that the distribution to Tranche 6 will be shared 75% and 25% pro rata between claims on account of Preferred Equity Interests and Common Equity Interests, respectively.

https://www.sec.gov/Archives/edgar/data/933136/000090951812000087/jg02-2712_8ke23.htm

Page 51

QQQ. The Plan provides for payment of Allowed Claims and, if appropriate, Postpetition Interest Claims on account of Allowed Claims. Id. ¶ 67. Distributions to claimants will be made in Cash, Liquidating Trust Interests that represent the right to receive future Cash distributions from the Liquidating Trust and, in certain circumstances, Runoff Notes and/or Reorganized Common Stock. Id. No Class is projected to recover more than one hundred percent (100%) on account of the Claims or Equity Interests, as the case may be, classified in each Class. See Conf DX 432C - Disclosure Statement, Ex. C at 4-5.

Page 51

RRR. No holder of a Claim or Equity Interest will receive more value than such respective Claim or Equity Interest (based on liquidation preference amount). Conf DX 569 - Goulding Decl. ¶ 68.

Page 56

8. Treatment of Preferred Equity Interests. Commencing on the Effective Date, and subject to the execution and delivery of a release in accordance with the provisions of Section 41.6 of the Plan, each holder of a Preferred Equity Interest, including, without limitation, each holder of a REIT Series, shall be entitled to receive such holder’s Pro Rata Share of seventy-five percent (75%) of (a) subject to the right of election provided in Sections 6.2(b), 7.2(b), 16.1(b)(ii), 18.2(b), 19.2(b) and 20.2(b) of the Plan, the Reorganized Common Stock, and (b) in the event that all Allowed Claims and Postpetition Interest Claims in respect of Allowed Claims are paid in full (including with respect to Allowed Subordinated Claims), any Liquidating Trust Interests to be redistributed.


9. Treatment of Common Equity Interests. Commencing on the Effective Date, and subject to the execution and delivery of a release in accordance with the provisions of Section 41.6 of the Plan, each holder of Common Equity Interests shall be entitled to receive such holder’s Pro Rata Share of twenty-five percent (25%) of (a) subject to (i) the right of election provided in Sections 6.2(b), 7.2(b), 16.1(b)(ii), 18.2(b), 19.2(b), and 20.2(b) of the Plan and (ii) the rights of holders of Dime Warrants pursuant to the LTW Stipulation, the Reorganized Common Stock, and (b) in the event that all Allowed Claims and Postpetition Interest Claims in respect of Allowed Claims are paid in full (including with respect to Allowed Subordinated Claims), any Liquidating Trust Interests to be redistributed.
______________________________________________________________

84. Conflicts Among Order, Plan and Global Settlement Agreement. The provisions of the Plan, this Order, and the Global Settlement Agreement shall be construed in a manner consistent with each other so as to effect the purpose of each; provided, however that, in the event of any inconsistency between the Global Settlement Agreement, the Plan or this Order, the documents shall control in the following order of priority: (i) this Order, (ii) the Global Settlement Agreement, and (iii) the Plan; provided, however, that, in the event of any inconsistency between these documents with respect to the releases provided in Section 41.6 of the Plan, the documents shall control in the following order of priority: (i) this Order, (ii) the Plan, and (iii) the Global Settlement Agreement; and provided, further, however, that nothing herein is intended to nor shall be construed to modify the economic terms of the Plan.

85. Modifications. Without need for further order or authorization of the Court and subject to any limitations set forth in the Plan (including consent rights) and any stipulation approved by this Court in connection with the Plan, the Debtors, the Reorganized Debtors, or the Liquidating Trust are authorized and empowered to make any and all modifications to the Plan, any and all documents included as part of the Plan Supplement, and any other document that is necessary to effectuate the Plan that does not materially modify the terms of such documents and are consistent with the Plan.

86. Provisions of Plan and Order Nonseverable and Mutually Dependent. The provisions of the Plan and this Order, including the findings of fact and conclusions of law set forth herein, are nonseverable and mutually dependent.

87. Governing Law. Except to the extent that the Bankruptcy Code or other federal law is applicable, or to the extent an Exhibit to the Plan or Plan Supplement provides otherwise (in which case the governing law therein shall be applicable to such Exhibit), the rights, duties and obligations arising pursuant to the Plan shall be governed by, and construed and enforced in accordance with, the laws of the State of New York, without giving effect to the principles of conflict of laws.

88. Applicable Nonbankruptcy Law. Pursuant to sections 1123(a) and 1142(a) of the Bankruptcy Code, the provisions of this Order, the Plan and related documents or any amendments or modifications thereto shall apply and be enforceable notwithstanding any otherwise applicable nonbankruptcy law. and provided, further, however, that nothing herein is intended to nor shall be construed to modify the economic terms of the Plan