Replies to post #732649 on Mr Cooper Group Inc fka COOP

[AZCowboy]

~ Now, Carry That Thought Forward ... Proving Without A Doubt That, Split' To Be 100% Accurate' ~

... The 2008' Seized Bank WMB' & fsb ... will eventually complete its final move to JPMC as the GSA agreed to, and as the P&AA describes' ...

Now, ... as a Direct Owner' ... the WMB Notes / Euro Bonds ... are alive and well, and continue to be serviced by a Sub of the same' ... (a sub of XXXX) ...

... just checked those little beauty's as I do daily ... (the claims on the fdic site don't change because those claims will simply become meaningless quite soon)

The $14 Billion (ish) ($6,077,557,000.00 and $7,723,052,000.00) ... showing on the FDIC site' ... IS "NOT A DEFICIT" ... these are merely UNCHANGED original claim's that remain open while the WMB Receivership Remains, and also remains' Open ~

... just checked, the WMB Notes / Euro Bonds continue to be serviced by a Sub of XXXX ... with all of the correct cusips in place'

... so a simple consideration shows that the WMB Notes / Euro Bonds are obviously' functioning, ... yet the CLAIM amounts never change' ... because these are ONLY claims', and DO NOT represent the actual present tense value' of the WMB Notes / Euro Bonds' ...

Once the FDIC Receivership closes down the Seizure of WMB and completes the P&AA, ... those original claims for $14 Billion (ish), ($6,077,557,000.00 and $7,723,052,000.00) will simply dissipate' to zero ...

just sayin'

AZ

[PickStocks]

Quote : “Now, we just wait for the reveal ... I don't know exactly when or exactly how much,”

Now this is the closest to the truth you will get from Cactus….could be soon or years to come…the EOY 10k will still only show one sub maybe the recent purchase sub but nothing else…