Replies to post #689060 on Mr Cooper Group Inc (COOP)

[ron_66271]

Many of the BK WMI Institutional Investors Held Class19.

Class 19 investors have not been satisfied by COOP PPS and was never meant to by Plan 7 design.

For COOP to satisfy P’s $1,000 face value COOP would need to be at $606.06 PPS.

The BK would never rely on the reorganized PPS to satisfy a claim.

WMIH would need to be $1,000 just to satisfy face.
Hence; Retained Earnings of now ~$25 Billion. Class19 is paid with a bonus.
I said this long before Alice did.

Class 19’s claim has not been satisfied yet.



P6 LT. It’s all about the assets,
Ron

[Ray_137]

I think we need a very good corporate lawyer like sussman, but he is no more.
I heard Rosen saying in court "examiner do not need to look at bankrupcy remote assets, our equity committee can go after those assets".
We dont have equity committee anymore.
Bopfan tried something with court but had to witdraw the case , this thing is not easy unless they distribute willingly but removing markers leaves at least me hopeless. We need good team of lawyers and some connection with hedge funds to know what is going on.

[Bizreader]

As long as WMIH exists, the IEN carried through chapter 11, that entity will remain a target for suspect securities illegality, imo. Oh, unless the full report is made public and shares are distributed. Then, we'll then we'll see.