Replies to post #692855 on Mr Cooper Group Inc (COOP)

[Nightdaytrader]

AZCowboy, thanks for your thoughts. I think even if the WMIH Preferred Managing Sub does NOT show any relevant cash (as you stated), the Preferred will get paid from some other fund/mechanism. The Hedge Funds and Underwriters are not stupid. This is what they do for a living. They know where the money is and wouldn't have invested in preferred, if common was the big winner. In addition, they have been hiding these assets for almost 14 years. I'm sure they can hide the preferred funding just as well...

Oh well, time will tell. Good luck to all.

JMHO
ND9

[PickStocks]

AZ is right, “Yes, 2018 was a pivotal year' “ and his best message to date…

Why, because with KKR involvement, the bk can close.

The trusts for P’s and U’s were separate and kept separate from coop after the bk closed. Let’s not forget the notes as well.

There are a few here that own all three….

As each reaches a pivotal date for distributions will occur…when….no one knows….well does it mean p’s go first or notes goes first or commons go first….No….it happens when a date is reached and funds availability….nothing has happened to date…will it ever happen…and when….we do not know this…this could drag out for years or nothing happens…the numbers that 6x face value or 63k per p’s really….will never happen….we wait for execution…who pulls the trigger….

[BigBang]

Yes, 2018 was a pivotal year

And here we are, four years later, and still nothing!