Replies to post #365156 on Mr Cooper Group Inc fka COOP

[WithCatz]

Nranger -- the EC was very clear on the tradablity of the stock afterwards.

And I was clear in my Q&A about it too.

...Catz


32) How long, after bankruptcy exit, will my NewCo stocks be private and possibly untradeable?

Nobody knows. Even the EC doesn't know. While we think that they may be tradeable on the "pinks" again, shortly after. That may not be true.

The EC has warned as such.

In their Q&A from 1/6/2012 - Docket 9350 --
http://www.kccllc.net/documents/0812229/0812229120106000000000006.pdf

Q: Will the stock of Reorganized WMI be tradable immediately upon emergence?
A: This will depend on a number of factors, including requirements imposed by the SEC upon emergence from bankruptcy. The new Board of Directors will evaluate the options available with regard to trading markets and determine what is in the best interests of the reorganized company. The stock will not immediately be listed on a nationally recognized stock exchange and may not ever be so listed. Reorganized WMI may be able to have its stock quoted on the OTCBB and/or the "OTC-Pink", subject to meeting certain eligibility requirements. Subject to the restrictions on transfer contained in the articles of incorporation discussed above and complying with applicable securities laws, the stock should be transferable if quoted on the OTCBB on OTC-Pink.