Replies to post #748217 on Mr Cooper Group Inc fka COOP

[jhdf51]

I maintain my COOP position, and will transition with everyone else, I’m not interested in Rocket Mortgage either during these tumultuous times in the US …



Just so I understand, you mentioned you’ll maintain your COOP position and transition with everyone else, but also that you’re not interested in Rocket Mortgage. Since the transition takes us directly into Rocket, do you mean you’ll hold through the swap and then sell the RKT shares, or that you’ll stay in but aren’t confident in Rocket’s outlook? I just want to make sure I’m reading your position correctly.

JHD

[BigBang]

I no longer need any more wealth,

Nice to hear! You deserve all that good fortune that came your way. Now, for the rest of us that aren’t as fortunate as you, a fair return from our WMI investment from 2008 and prior would be well deserved. All the best to you from all the “Chattiest” on this board, including myself. However, come to think of it, you’ve been quite a “Chattie” yourself all these years, but how quickly we forget or want to forget. However, some of us will never forget.

[stoxjock]

"The Release Documents Were Specific and Cusip Designated and There WERE Two Bankruptcy’s … the First of the Two BK’s Filed, the “Debtor in Possession” Has Not Been Completed … “NOT YET” … ~"

WTF? As Usual, he is "Grumbling about' on His "Imagined Chatroom Chatties" who he somehow thinks Did not "Release" Or Whatever Nonsense!

Is this Guy Suffering from Alzheimer's Dementia "Hallucinations" or what? We ALL "Released" , Not JUST The Cowboy from Arizona!...More, Confused GIBBERISH, Peppered with His Hallucinations, AS Usual.....

[PickStocks]

Quote: “wmi-lt’, … that CLOSED and was Many Years Ago as Court Ordered … The Release Documents Were Specific and Cusip Designated and There WERE Two Bankruptcy’s … the First of the Two BK’s Filed, the “Debtor in Possession” Has Not Been Completed … “NOT YET” Is this true”

* WMILT: finished. Final decree Dec 20, 2019; case noted closed Jan 23, 2020; final cash paid Jan 10, 2020; no further distributions. Delaware District

* Release ballots: yes, CUSIP-specific & owner-specific (eligibility only, not proof of payout).

* “Two bankruptcies”: the two Debtors (WMI and WMI Investment Corp.) filed one jointly administered Chapter 11; WMB (the bank) was not in bankruptcy—FDIC receivership. FDIC+2SEC+2
* “DIP not completed”: false. The Debtors operated as DIP under §§1107/1108 until Plan effectiveness; the case was later closed by final decree. Nothing remains “open.”

Receipts (one-liners)
* WMILT 2018 10-K: shows cash/reserves; equity behind Class 18; escrow shares off-balance-sheet.

* Final wind-down 8-K/notice + PR: announces final $39M Class 18 distribution; winding down; no more.

* Ballots: Fidelity index + Class 22 ballot explicitly CUSIP-specific & includes Release election.
* FDIC on WMB: receivership page—no projected distributions to sub debt or equity/WMI.

Bottom line:?Your first sentence (WMILT closed years ago) = true. The rest (a second uncompleted “DIP” case still running) = not true. There isn’t a parallel, still-open bankruptcy delivering future money to WMI escrows. The only way your prediction becomes true is if everyone receives a distribution..

[DarkB4Dawn]

Non est finis, donec finis est... 8~)

[955]

FYI, a little background on F2. SPO set for Nov 2025 by 47.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176759312
TY for all the WAMU wisdom & insight over the years. It shaped my investment strategy here. 🖖