Replies to post #681980 on Mr Cooper Group Inc fka COOP

[JusticeWillWin]

The whole windfall would go to COOP if that's the case, as I also said in the past. The WMILT was only set up to satisfy all creditors. For this reason, certain WMI assets were transferred to the WMILT as the legal documents state.

Everything NOT TRANSFERRED stayed with the "reorganized debtor" (="reorganized WMI", later WMIHC, later WMIH, now COOP). And I mean not assets, COOP would have to show them on their balance sheet, I mean the right to something. If COOP is the beneficiary of a Trust, and the Trust can start payment only when the last "bankruptcy entity (=WMILT)" is gone, then everything Doreen Logan and the WMILT said is true.

So COOP could see a huge windfall soon IF (and I repeat only IF) there is money from WMI waiting in a Trust to get released...

If the $20 billion the FDIC is stating is true, and $7 billion were paid out to creditors, we can assume there are ~$13 billion left (which by "coincidence" match the $13 billion worthless WMB bonds (junior and senior) which belonged to WMB (and then the receiver FDIC-R) and are worthless. These $13 billion could have increased over time...

So $13 billion / ~$74 million COOP O/S + current PPS of $47 would equate to a COOP PPS of $222 or more (they want to buy back another 5 million shares, so probably $235 closer) of course only if the whole assumption is true...

This is only my opinion, no investment advice! I am long COOP...

Your post:

it could be something like this........Wmil-T is waiting for the close at the end of march 2022 (this month) to wind up ministerial details, such as declaring the escrows worthless so that the Trust will close and the only legal beneficiary will be the Grantor, which is Wmih, successor to WMI...escrows would no longer have legal standing, (which actually they never did).....so now with clear title as beneficiary, WMIH could now set up Paladin to monetize what remains in the Trust.....now, after Paladin monetizes these assets, where does the money go?....does it go to shareholders?....does it belong to the corporation which has now morphed into coop?....remember we signed our right s away when we signed releases and got stock in the new company......now, for that answer, my take is that it belongs to WMIH, but you would have to ask Doreen for an answer, or Charles Smith, or whomever is promoting Paladin.... Lodas