Replies to post #705843 on Mr Cooper Group Inc (COOP)

[xoom]

BD, Slick wording.( were you expecting any thing different ? )
Eliminated but not terminated !!!!
I recall ‘the word ‘investment’ in quotes in the filings !!!
WMIIC
GLTA

[ReikoBlack]

WMI Investment Corp. (“WMIIC”) wasn't “eliminated upon consolidation”, it was dissolved. (+5 years ago) It no longer exist.

"On January 18, 2018, WMIH Corp. (the “Company”) announced that it has completed the dissolution of its wholly-owned subsidiary WMI Investment Corp. (“WMIIC”). Earlier today, WMIIC filed a Certificate of Dissolution of WMIIC with the Office of the Delaware Secretary of State. The dissolution of WMIIC was effective immediately upon the filing of such certificate.

Prior to September 26, 2008, WMIIC held a variety of securities and investments; however, such securities and investments were liquidated and the value thereof distributed in connection with implementing the Company’s Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code. As such, WMIIC did not have any assets or operations at the time of its dissolution."
https://www.sec.gov/Archives/edgar/data/933136/000156459018000606/wmih-8k_20180118.htm

Is WMIIC alive? I think it is.

Filings say WMIIC was “eliminated upon consolidation”…. as in extinct. Or was it?

I’ve been reading more about that term. Which apparently only means that in a merger of formerly consolidated incomes and liabilities, the resulting ‘elimination of consolidation’ allows you to remove the impact of those former transactions…… what I call hide the sausage.

So basically “eliminated upon consolidation”... actually refers to the cleaving of WMIIC from its consolidated grouping? As-in, WMIIC is still alive.

Am I right?