Replies to post #739725 on Mr Cooper Group Inc fka COOP

[PickStocks]

Everyone has an opinion right or wrong......maybe one day we will see which is right....hopefully sooner than later...

[ReikoBlack]

The reason why the absolute priority rule (APR) was removed was so Class 22 could also be in the game at the same time as Class 19. The trade off for APR's removal is there's no ceiling on Class 19's recovery.

Now, whether i believe it or not that there will be a recovery is a different subject.

But Lod Conclusion's are 100% WRONG

He uses the right words, but he’s conclusions don’t matter.

The CCB’s are satisfied.
All Creditors are satisfied.
Class 19 is satisfied but not paid yet because the FDIC has a lien against Retained Earnings of the February MOR.

~2.5X FV to all Class 19 claimants.
How is the TPS holders going to be paid? Big pockets!
(TPS are $1 Million FV).


That is why APR was removed and Class 22 is in the Game.



Ron

[Large Green]

Ron, Reiko said the following to you and Reiko is correct on the subject of why APR in Delaware was removed.

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The reason why the absolute priority rule (APR) was removed was so Class 22 could also be in the game at the same time as Class 19. The trade off for APR's removal is there's no ceiling on Class 19's recovery.

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