Replies to post #682037 on Mr Cooper Group Inc fka COOP

[UpTickMeA$AP]

No such thing as "tradeable escrows". My goodness...

Making up fantasy scenarios that simply don't exist leads to nothing but failure.

[lodas]

Wrong........did you read Doreens letter with an unbiased mind..... she said escrows HAD NO INTRINSIC VALUE....... PERIOD.... they were a counting mechanism to document the number of shares in the old company, and were to be used in case additional equity could be found by the WMI- LITIGATING ARM OF THE TRUST......nothing was ever litigated to bring back additional monies sought by the litigating trust, so ergo, the escrows became worthless.......please read post#681669 .... Lodas

[UpTickMeA$AP]

Every latecomer is rich, at the expense of those truly injured?

Yes.. It's how reorganizations work out many times.

It's lucrative to understand how chapter 11 reorganization works. Use this new found knowledge, it's a great way to play the process, and make HUGE gains.

[JusticeWillWin]

They were only markers, with no intrinsic value. Why SHOULD they be tradeable? It would have been a sole gamble. Some would have paid $0.10, some $5 because they believed the return will be $7 or $10 per marker. And in the end, they are worth $0, ZERO, nothing as we can see now. Oh wait, we cannot see them any more, they are already removed from our accounts as worthless...

Don't get me wrong, I had XXX,XXX Us and XXX Ps and had preferred another outcome!

JWW, Let's say you are correct.

What was the point of making our released escrows UNTRADEABLE?

imo, It was so the 'injured parties' would not be cheated of the possibility of getting some of their losses back.

Now, if the $$ is coming to COOP, the whole point of untradeable escrows is thrown out the window?

Every latecomer is rich, at the expense of those truly injured?