Replies to post #726738 on Mr Cooper Group Inc (COOP)

[UpTickMeA$AP]

No, shareholders are not before the company.. That is flat out wrong. There is a reason shareholders are always last in line for payout in the chapter 11 process, and why a vast majority of the time, receive absolutely nothing..even when a reorganized company comes out of the bankruptcy.

How has telling each other lies for the last 15 years worked out? It hasn't... In fact, it's led to 100% fantasy failure.. Fantasy nonsense doesn't fair well in the world of reality.

GO $COOP!!

[lodas]

did you read the documents posted in the POR amended 7?????.... I am not the subject of the discussion here. your expectation of money is!!!!!.... the documents say YOU HAVE NO RIGHTS TO ANY VALUES OF THE ESTATE EXPRESSED EITHER PRE, OR POST CHAPTER 11 BANKRUPTCY CLOSURE.... there is no language in this POR that states shareholders own the estate once the chapter 11 closes, or will ever own anything beyond what was given in return for your release signature.... who told you that the estate will revert to you (shareholders)???... were you told this by other people?... WMI certainly did not tell you that the estate belongs to you in the POR 7...
you are not a shareholder with any rights to former assets of WAMU, WMI, WMIH once you signed the release signature... read the release conditions again, the way it reads, not the way you want it to read!!!!....by the way, you are partially correct, shareholders own the remainder of A-L= shareholders retained earnings, but NOT UNTIL THE COMPANY FILES CHAPTER 7!!!!!.... I may remind you, WMI went through a chapter 11 restructuring, and is QUITE LIVE AND WELL, AND IS NOT DECEASED.......why dont you call the BOD of Coop, and ask for your share of the estate of WAMU, or WMI....get back with me when you get an answer.... Lodas