Replies to post #707750 on Mr Cooper Group Inc (COOP)

[PickStocks]

Are you claiming AZ’s XXXX is WIIMC…..next you will be claiming you received a distribution

[ReikoBlack]

Quit making things up! I sent an email to William Gallagher back in January 2018 and received a response.

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I received a response to my email from William Gallagher.


William Gallagher<[e-mail]>
To [omitted]

No

Bill Gallagher

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Email sent. I may not get a response. Can't hurt to ask.

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Mr. Gallagher,

Per today's Press Release, the Company "announced that it has completed the dissolution of its wholly-owned subsidiary WMI Investment Corp. ("WMIIC").

As i've stated in a previous email, in a 10-Q report for the quarterly period ended June 30, 2016 the Company stated that it was “beginning the process of dissolving this entity”.

During the time period since the Company's announcement in 2016 of “beginning the process of dissolving this entity” till such time the Company announced WMIIC's complete dissolution was there any assets/cash returned to or passed through this entity?

Thank you,
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https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137804185

months before WMIIC was administrative dissolved, its assets were 'eliminated upon consolidation' which is an accounting term for severing the consolidated accounting between the parent and subsidiary.

WMIIC was able to go dark and move incoming asset interests, and transfer its future interest into another entity outside of its parent, as they were no longer reporting on a consolidated basis. No one could publicly see anything being transferred, except those gutting WMIICs future income interests.

After time passed, and money/interests moved, then WMIIC is finally dissolved. There was purpose to the delay between 'elimination upon consolidation' and when it eventually was administratively dissolved.