Replies to post #679413 on Mr Cooper Group Inc (COOP)

[clintonj]

It's a few of the Brokers that have mentioned that our recently deleted shares have been merged. Figure out what that means then....

[seamus3500]

So they broke BK law and took those wells assets into the emerged company?

[mwd44]

WMI and WMIH are two separate entities. WMI is the debtor and WMIH is the reorganized debtor. WMI's stock was delisted/stopped trading and their shares were escrowed. At the same time, WMIH began trading under the symbol "WMIH." Plus, if you should review POR7, you would find that the "Litigation Proceeds" are the property of WMI and not WMIH. Again, two separate entities.

[BBANBOB]

CLAW OOOOOOOOOOOPS

One seems to forget that WHEN WMIH EMERGED and ""WAS ALLOWED"" to move forward and start trading, WMI WAS IN FACT STILL IN BK PROCESS WAS IT NOT????????

HOW ON EARTH does a company REORG, ONCE IT HAS BEEN ALLOWED TO MOVE AHEAD, BUT YET, IT STILL STAYS IN BK