Replies to post #663270 on Mr Cooper Group Inc fka COOP

[lodas]

PickStocks.....as you know, in a chapter 11 reorg.... everything is put before the judge to restructure the company... IMO, everything was put before the judge, as well as the Safe Harbor assets residing in Wmi Holdings...when she had to seek the remedy for colorable insider trading, the mediants drafter POR 7 to include old shareholders in the new company...now, in a chapter 11, the applicant must pay off creditors their claims, first, as you are aware... ask yourself, where did the money come from to do this?... wasn't A/M keeping books for the WMILT to pay off creditor claims, and from what source were these funds coming from?...It had to come from Wmi holdings, because Wamu was in receivership, and broke, because JPM took everything...Wmilt paid hundreds of millions to the attorneys, and billings for A/Mplus creditor claims to get Wmi out of chapter 11...so, to answer your question about the catch up in accrued interest on those 51 quarters? that the board is expecting,... who will write the check?.....coop can't do it, it is a sub of Wmih, can Wmih do it if they are 8.4 billion in short and long term debt and covenants would prohibit this disbursements...also remember, special dividends to stock holders are declared by the BOD when there is excess equity buildup in the company, and they don't plan to use these monies for special purposes, so they give it back to common shareholders...maybe, with the sale of Xome, coop will have about 400 million in cash, and use it to buyback shares.. who knows?.....Lodas

[lodas]

PickStocks.......lets dig deeper into the Safe Harbor Trust....if creditor claims were being paid by WMILT, then wasn't A/M paying these claims off with Safe Harbor money that was supposedly in trust for the shareholders estate?....if so, they were already dipping into the Trust to pay off claims, plus attorney fees for Rosen and his gang, plus exorbitant fees to A/M to manage the trust funds...so, my point is, evidently WMIH considers those Trust funds theirs, simply because they have been using them... also, where did those millions come from to pay whats his name to oversee the chapter 11 procedure, and more specifically, where do all of these stock awards to executives originate from?.. wmih, or coop larders?...I am asking questions here that should have been asked years ago...how did the 65 billion in new servicing that J Bray bragged about that he was booking, with no source as to where they came from... did they come out of thin air, or did they come from Safe Harbor assets, which many on this board say that it is their money...."don't shoot the messenger" is an old saying when bad news, or unexpected news arise... I AM ONLY POSING AND ASKING QUESTIONS... before you can claim money from someone, YOU HAVE TO PROVE THAT IT IS YOURS TO BEGIN WITH...simple as that... peace bro, no disrespect towards you, you have been very discerning in your messages and took a lot of kickback from the message board too..... Lodas