Mr Cooper Group Inc (COOP)

[Evintos]

True but that probability number needs to be revised to honestly reflect the chances. It was estimated at 50% earlier this year.

If an estimated 90% probability resulted in failure

Then the probability for the August 10Q would've been closer to 25% success (estimated).

As of September 30, 2017, and through the date of the filing of this Form 10-Q, we had not entered into definitive documentation relating to an acquisition or consummated an acquisition.

That to me is more like 5% chance (at best) for a merger or acquisition in the remainder of this year.

Seems like they're more focused on renegotiating the terms than looking for money making opportunities despite the shareholder meeting stating they were opportunistic. Quite disappointing.

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The thing that bugs me the most is if they are unable to find opportunities due to the competition (hypothetically), I assumed they would've went for another round of capital raising immediately following the first failed acquisition. Now we're close to redemption date, hemorrhaging money with financial advisors trying to renegotiate terms led by a bunch of headless chickens as members of the board of directors.