Replies to post #696319 on Mr Cooper Group Inc fka COOP

[lodas]

blowing smoke rings that dissolves in the air...........who says shareholders took over the Liquidating Trust?....the LT was funded with just so much money to satisfy Creditors claims, about 7 billion... this money was disbursed, and the Trust is dissolved, and all fiduciaries left....please provide a caveat in the WMIL-T that says shareholders took control of the Trust...the language would appear in the official formation of the WMIL-T .....dont find it?...it does not exist....chumming the message board with spurious speculations serves no one... Lodas

[lodas]

"take over the trust".......I would remind you that WMI created the WMIL-T, not shareholders....also, it was a Grantors Trust with WMI as the last beneficiary, and named Liquidating Trust interests to those that had valid claims, as beneficiaries to funds within the Trust....shareholders names DO NOT APPEAR ANYWHERE ON THIS WMIL-T TRUST DOCUMENT.......the funds (7 billion) was disbursed to claimants, and the balance left went TO CHATITY, NOT SHAREHOLDERS!!!!!!...why? the WMIL-T was a tax free trust to dispense funds to claimants, and any money left could not return to the reorganized debtor..(BBAN, got that?)...shareholders owning the trust is blatantly false, and the writer discredited for making such a postulation.... Lodas