Mr Cooper Group Inc (COOP)

[fsshon]

I have not made any kind of prediction of when we will be out of this bankruptcy, but I am going to go "out on a limb" and make one.

Because I feel TPS will eventually be taken care of, maybe they will win their appeal or JPMC will settle with them before Appeal is heard, I don't know, but I have a strong feeling of where we are going. I can't explain it and it is all IMHO on this WAMU thing.

So here goes...

We move to PORV7 and have it heard by Sept 14th. Because Equity is a part of it and working with the estate for a good outcome, the Judge confirms it by Oct 13th. We are out of BK on Oct 14th or just a little later. I don't know the numbers, so don't ask!

The Burn rate is a part of the decision of all parties to finally come to a conclusion and come together on an equity POR. Judge finally gets what she wants, the EC may have won their appeal by then and may have put a real settlement on the table. I don't know why, but I have a feeling this is where we are headed. Out by Mid OCT!

Remember it is a LIMB! That I am now out on! Anyone care to join me, I will be sipping on a crown and coke until then. This time I brought plenty of padding for the fall if I were to hit the ground in a tailspin.

~Don~