Mr Cooper Group Inc (COOP)

[The Godfather]

My last post for the day.. I guess the only peeps disappointed are the ones who jumped in yesterday and today and don't like seeing red for the day. Well, just so everyone knows, things are falling into place and what happened in court today was actually a good thing. I dont see the reason for gloom other than the panic selling causing a low pps. But.. the EC list has to be submitted on tuesday and IMO judge Walrath is going to sign that as soon as she receives it and makes it an official EC. Once that is done, her SJ on the 4 billion will make more sense if the EC is also on the table talking things out with the creditors, bondholders and JPM.

Once the 4 Billion is back at an account at WFC and we get the NOL amount within the next couple of weeks/months, that gives us about 4+4= 8 Billion dollars in cash > all the long term liabilities.

Plus the assets that already exist.. about 7 Billion, makes the overall A-L > 7 Billion.

This is where an EC comes in. Bonderman will lead the show with negotiations demanding something for the commons towards the end.

The very reason that the EC is being formed is because the UST and the judge think that there would be significant recovery for the commons.. We will most probably get the EC formally on either Tuesday or Wednesday and the SJ soon after. Then we have the Jan 4th hearing to look forward to.. Its going to be a nice roller coaster ride and all that matters is whether you have your shares... or not!! Its your choice!! all IMO!!