Replies to post #131659 on Mr Cooper Group Inc fka COOP

[Vulcanized Crawler]

7.5 billion preferreds, linda??? or millions?

[REALtime64]

dont get mad but i disagree I have seen some really shadeeee deals the last year or so and the lawyers said something like what you said but IMO its a ploy please understand i am not sure I am just trying to be a little careful i got a lot of cash on this to...thanks for understanding...

[DudeBug]

The Cayman Preferreds are under dispute according to the MOR so I would say it's uncertain as to what is WMI's responsibility in the payout.

Seems to me it's one of those open items like the tax refunds.

Here's the SEC 8-K filing. The language to me implies it would be a WMB asset ... not sure why WMI would need to cover it's value. There must be a reason why Rosen mentioned it, though.

http://www.secinfo.com/dsvR3.v1Zg.htm#1stPage

Someone else might be able to figure out the language better than me.