Replies to post #733219 on Mr Cooper Group Inc fka COOP

[ReikoBlack]

Once again , WMIH-1 didn't go private, it doesn't exist anymore.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174864205

Why don't you post this matter over to Boardpost unless you're afraid to have a real discussion?

This Math Doesn’t Work.

WMIH-1(the Former) created WMIH-2(the Latter) to merger/acquisition with NationStar.

WMIH-1 went silent/Private to not commingle WMI legacy assets with NationStar investors. Not NationStar property!

Trading symbol; WMIH then changed to COOP with a 1/12 split.


The Assets are not with COOP.

The Assets were placed in Trusts in Plan 6 to move the assets off the books by AAOC.
But the Equity Community Presentation proved the assets value of $25 Billion, and was granted control of the Litigation Trust/s for the equity classes. All on the Property!
Plan 7 was only for paying Creditors.


COOP has no part in these protected assets.

All WMIH-1.

• Retained Earnings from the February MOR of $25-$27 currently split 75/25% between class 19 and 22.

• The FDIC Receivership Claims for WMB and it’s Assets against JPM.

• Roughly $43 Billion in unaccounted for Assets held by WMI.

• More(other assets).


These other NOL’s you referenced would belong to WMIH-1. Largely to Class 22.

Please show us your reasoning.
TIA.


*********

For Bonus Points;
How are the TPS of Class 19 going to be paid?

No one has even attempted to answer the question.

The TPS payment method is the answer to the question.



Ron

[mufa]

Nice post ron_66271!! Thank you !

[User-793611]

Well Ron! thank you for your reply and explanation.
Then let's see reason,
assuming and granted, that it is as you say, for what purpose should the sum of the old shares be restored in order to be able to use them in a late term to reduce taxes?
Taxes can only be paid by those who invest and earn money, only those with earnings can put NOLS on the balance sheet.
But WMI 1 is not isolated and does not work, it does not produce anything anymore.
At least I think so.
We (partly) followed the process then, but only partly, and I believe that those present in the court room are much better informed than myself and serafino1. We had a person present in the trial room from time to time, but not permanently, and we were connected by telephone.
This is also the reason, that I take a look here in the room on a daily basis and gladly read his dialogues which are understandable and straightforward, but I also read AZC with a few others here in the room, 2+5 is everything.
Thank you for your explanation of my dialogue.
It is a pity that you and AZC do not agree, on the contrary it would be very beneficial for this room.
Greetings

[ron_66271]

Proven By a Question.

How is the TPS of Class 19 getting paid?

There is only one source for payment that the Court could agree to.
The money needed to be presented to the Court as sufficient to satisfy Class 19’s claims before Class 22 could be part of the Plan.

The Equity Community Presentation proved to the Court that $25 Billion was available from the 363 Sales, Plan 6 arguments.

Yes the EC took control of the Plan 6 LT as requested. DOCUMENTED.

The funds were placed into Treasury Notes.
Because the money was safe to satisfy Class 19’s claims, APR was removed so Class 22 could participate in the NewCo shares distribution.


The DCR/RE of the February MOR have nothing to do with the Plan7 Litigation Trust.

The February MOR is all about paying the Creditors of Plan 7, except page 10. The Table showing the Retained Earnings that never became listed in the Plan 7 LT column (far right-side column).
The Table on Page 10 is the only place in the document that mentions the RE because the RE doesn’t have anything to do with the Creditors of Plan 7.
Just standard accounting methods.

As I have said, EC took control of the Plan 6 LT as requested!

I know why no one wants to answer the question.

Checkmate.



Please read my past messages;
https://investorshub.advfn.com/boards/profile.aspx?user=631267



Ron