Mr Cooper Group Inc (COOP)

[bkshadow]

Hotmeat, sure I know...

...what is going on and what exactly is going to happen in this "case."

...and so does everyone else who has paid attention since September of 2008 through March of 2012 to the bankruptcy "case." Because the "case" is over. The "case" resulted in a Court confirmed Plan, approved by ballot by all parties including equities.

So, everyone should know "exactly what is going on" because it is over. There really is no "what is going to happen" in regards to the bankruptcy case, it is discharged to the WMILT for claims settlement and distributions to creditors, and if it makes beyond that line, to the preferred (including TPS) and common equities; heavily diluted.

Regarding the theoretical "exactly what is going to happen" in other matters with the FDIC and JPM Chase, that has absolutely 'nothing to do with the former WMI or the post-case Liquidating Trust or the post-case emerged reorganized debtor WMIH.

It is not a ying, it is all documented.

The yangs, as you refer, to fantastic claims are made only by a few retail shareholders out of millions of shares owned by thousands of others, including well financed, and lawyered up, hedge funds; none of which pays even a blink of an eye at such magnanimous proclamations, and self lauded "discoveries" that are bandied about on a daily basis by such few.

Regarding "we shall see," we already have. There was a mediated settlement for equity, a plan for the Liquidating Trust and an emerged reorganized debtor with $75M cash, $6B in unrestricted NOLs, and a credit facility; all exactly as disclosed.

WMIH has subsequently entered into a Strategic Investment Agreement with KKR, preferred shares have been issued, common stock warrants are available and rights to new equity offerings are disclosed; all with a CAP of 42.5% control by KKR of WMIH.

Do I know what is going to happen with WMIH and KKR? No.

However, WMI/debtor is over and the WMILT is what is left. There might be some small recoveries and claims settlement that allows money to flow to equities, but there are no billions, tens of billions, and especially not the hundreds of billions of dollars that are ground out daily by a few under theories of fiction, dreams and imaginations rather than under any foundational basis of reasonable prudent persons.

That yang list is what it is "not."