Replies to post #702002 on Mr Cooper Group Inc (COOP)

[BBANBOB]

Time will tell pard
And like I've said several times already hurt me all the way to the bank with 4.6 X's face and $128 for my commons as tht will work out to about a 31 X's ROI and even 14-15 yrs later that is HUGE

[jjflash49]

Ron/Anyone along the lines of your DCR and $$.

And don't refer to years old documents. It would be nice to have currentup to date facts along these lines like;

Do you know where the $$(Bonds/whatever) set and with whom.

Who is overseeing it?

How much money has been "verified" to be there.

Has anyone spoken with the person running it and confirmed it's meant for Class 19?

Simple yet difficult questions that never get answered or answers I might have missed. Just old-old stuff saying it was placed somewhere.

[Large Green]

Ron, according to Amended POR 7 that was signed on 2/23/2012 (nothing prior matters), the following is what is found in the filings that count.

Yes, YOU ARE PARTIALLY CORRECT. Your commons own the company BUT, BUT so does preferred since the ownership changed everything from the (ED) Effective Date of 3/19/2012 forward. So if filings mean anything to you then the following words in the filing SHOULD BE self-explanatory

____________________________

Treatment of Preferred and Common Equity Interests

NOTICE BOTH ARE CONSIDERED EQUITY WHICH DOES OWN THE FORMER ESTATE




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[newflow]

If preferred claims were satisfied in 2012,there was no need of a member on TAB thru 2020.There was no need of 75/25.No need for UWs to take class 19 after the effective date.And above all,there was no need to take the estates into administration by modifying LTA.

[BBANBOB]

RON

RIDDLE ME THIS THEN, WHY HAVE THEY NOT BEEN PAID OFF IN FULL at 4.6 X's face

""Class 19’s Claims were satisfied before the implementation of the Plan"".

[Large Green]

"Class 19’s Claims were satisfied before the implementation of the Plan."

Any reason these 'satisfied' claims are still unpaid?

Ron, you can not have it both ways. So, if Class 19 was already satisfied prior to the Ownership Change (yes, this has been confirmed long ago) AND the (ED) Effective Date of 3/19/2012, then Preferred would have had their monies just like higher Classes.

However, once the ED kicked in on 3/19/2012, the OC happened along with the Estate being owned by Preferred and Common Equity Interests. Remember changes made to Amended POR 7 almost daily up till the very day the court signed Amended POR 7 on 2/23/2012.




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