Mr Cooper Group Inc (COOP)

[survivor Spain]

Judge doesn't think commons are worthless. This is what it seems since she accepted UST arguments and did not accept this time the WMI' arguments.

UST got the right to get the shareholders list to create the EC! That was the relevant topic in the agenda today, wasn't it?

The UST intention to create an EC must be interpreted according to their filling .... "Further, the U.S. Trustee believes that there are exigent circumstances which require
having the motion heard on December 18. Specifically, the U.S. Trustee’s inability to solicit interest
in forming an official committee of equity security holders, if further delayed, may result in
prejudice to the interests of that constituency, given that there are a number of affirmative claims
the Debtors are asserting that may be the subject of settlement negotiations. The interests of equity
need to be protected with respect to those proceedings."

And the judge accepted these arguments. That's the good news today.

The very bad news is that many here pulled the trigger to sell, based on the argumentation of WMI's lawyers.

We can specially congratulate the one poster who so timely helped to trigger the panic replicating the argument used by the WMI lawyers, before the real outcome of the hearing was visible. I am sure this poster is proud now.

A pity for the short term, really frustrating to see the pps tank, good for flippers, but irrelevant for the long term arguments. What is relevant in the long term is that we will get an EC, we will get it fast - likely before the critical hearings and rulings.: 4B, extended discovery, etc, etc..

Having the EC before these events is very good to protect shareholders, and today one important step was taken to achieve it. And this really matters.

If there is something clear is this: WAMUQ, is everything but boring.

Cheers !!