Mr Cooper Group Inc (COOP)

[David West]

Absolutely correct.

The BOD is following their plan. Just because shareholders do not know the details of their plan, or because the plan is unfolding without shareholder consent is too bad. That is one of the I-do not-like-it aspects of an OTCBB stock. The BOD does not have to reveal as much detail as they do for a stock listed on a major exchange.

However, the BOD (Willingham I think) did reveal two major aspects of the plan that posters on this board conveniently ignore as they whine, moan, complain and stamp their feet because the BOD is not conducting business to suit them. (1) It is not that the BOD does not know the stock is trading, they simply do not care that the market is trading the stock, and do not care that the market jerks the stock up and down. (2) Shareholders should watch carefully for signs indicating the BOD is about to list the stock to a higher exchange. If that happens it will mean the plan is to expose the stock to the 80% of the market that loses their money, and it will mean the BOD is going to make a serious effort to be a real reinsurance business. If they have already decided not list the stock to a higher exchange, it probably means the common shareholder is about to be royally shafted again. Diluting the stock and keeping it low profile is the most obvious way to do that, which is what is going on already.

If shareholders fail to do their DD, they will not be ready for either of these two events, and will not be ready to buy or sell when the appropriate time comes.