Replies to post #732734 on Mr Cooper Group Inc (COOP)

[Large Green]

You are correct, otherwise, due to the (OC) Ownership Change on 3/19/2012 there would be dual ownership of the same asset classes and this would include the active bk cases now officially closed and Safe Harbor protected assets in my view.

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[ron_66271]

The February MOR/RE Settled Class 19’s Claim.

And with a bonus!

75/25% ends with the Retained Earnings. Now worth ~$27 Billion, or 2.7X preferred face value held in Treasury Notes.

That is how the TPS claim of $4 Billion is settled. There is no other mechanism to satisfy the TPS Claim.

Remember that the 70/30% changed from negotiations with the TPS to 75/25%.

The Equity Community Presentation proved $25 Billion on the table to settle all outstanding claims against the estate of Class 22.

APR wasn’t needed anymore because Class 19 has a reserve in place to pay their claims with a bonus!!!
APR removal also means that Class 22 could participate in the issuing of the new WMIH shares before Class 19 claim was satisfied.

As I have said many times before, the 363 Sales Assets are the same Assets in the Equity Community Presentation.

75/25% stops at the RE of 2.7X.
TPS gets $10.8 Billion.



Ron

[goodietime]

Makes sense to me.