Replies to post #719509 on Mr Cooper Group Inc (COOP)

[lodas]

WRONG, WRONG, WRONG!!!!!!!!!!!!! PLAN 7 provided relief for both Creditors and equity shareholders.....Creditors were paid 100% Face value , plus interest and, both EQUITY AND PREFERRED SHAREHOLDERS GOT STOCK IN THE NEW CO.......the chapter 11 settled both classes of claimants at the same time....the company stated with the closing of the chapter 11, no more payments are to be made.... Read the documents , ron, and stop with the spurious inventions providing additional relief....Lodas

[lodas]

RON?........provide the documentation that there were two trusts...... the documents say that WMI liquidated 7 re insurance Trusts, AND ALL ASSETS WERE PLACED IN THE WMIL-T FOR DISBURSEMENT TO BENEFICIAL TRUSTS INTERESTS.....there is only a Trust as disclosed in the 2013 WMIH 10-K, audited by independent auditors that WMIH had 34.1 million held in re insurance money.... read the documents and stop with your non sense... Lodas

[ron_66271]

The Bankruptcy Court Requires That Creditors are Paid.

That’s the Law and function of The Bankruptcy Court.

Done with the Plan 7 LT. Paid in Full.
DONE!!

Retained Earnings proved to the BK Court that Class 22 will greatly satisfy Class 19’s claims.
2.1X at implementation. Currently ~2.5X face redemption from Treasury Notes interest.
Not BAD!!! Bravo!!!!!

The Original Trust hid the assets from the Equity Community.
The Equity Community Presentation proved/forced the Court to grant control of the Original Trust created by AAOC in Plan 6 to the Equity Community.

I have already listed all of the sources of revenue sources concerned in the Original Trust largely for Class 22.
The owners of the Debtor’s Estate.



Ron

[PickStocks]

You need to go back and the documents and you will see that equity was a creditor….however…..there was not enough money to pay all creditors from the WMILT…