Replies to post #719467 on Mr Cooper Group Inc (COOP)

[DarkB4Dawn]

I think the LT discussion was missed. The LT determined it would cost more to distribute the remaining value, calculate each shareholders portion, document, ect..than what would actually end up in their hands. So they donated it to close up the books. We got the small portion of shares left after initial distribution, this was significantly less. Financially insignificant considering the number of recipients.

There was some other BS spread earlier but read the LT statements. FAQ's?

Might be a good idea to take notes so you don't have to make up things later. (not you MB, the light bulb changer)

Oh, Lucky Panda, you might want to consider changing your handle to Lazy Panda as everything your asking others to do for you...like your owed their labor, is documented on the MB if you care to do a bit of work. I think I remember, didn't someone say, is Libor closed??? Take some ownership.

Sorry, not a fan of members not pulling their weight or making up narratives. JMHO

[DarkB4Dawn]

MB, your correct.

[ron_66271]

Plan 7 Liquidation Trust Was For Creditors Only.

The Plan 7 LT paid off all Creditors by design and the remainder was donated to charity.

Equity “beneficial interests” is regarding the Original Trust.

The wording makes it sound like the topic is only one trust. There was two Trusts. The Original Trust is in continuous status until litigation resolve.

The documentation proves it.

Hint;
Just a comma, is all it takes to separate the two topics.

Plan 7 LT has no responsibility to the Equity Classes, only Creditors.
Just a comma splice to separate the two topics.

Again, The Equity Community requested/received control of the Original Trust.

Are the lights on yet?



Ron