Mr Cooper Group Inc (COOP)

[Boris the Spider]

The WMILT assets are the "target".

That's the proper way to term it. So, we just don't know how this will all play out. Many scenarios!

The advantage for WMIH to buy assets from LT? Well, they would be sold at a fraction of actual value, say 50%. >That's a great deal!< Plus the money or shares that WMIH would pay LT for the assets goes into the LT coffers. That's US and WMIH big boys and hedgies for further investment back into WMIH to buy more assets, plus the 2.5%. As we have said, many escrow holders and hedgies would pump a lot of those escrow payouts back into WMIH. Essentially fueling OURSELVES! That's a crazy scenario but could be a possibility.

WMIH could also acquire someone that has the staff and systems in place to process and manage all of these transactions. That might be the first thing to hit. That could happen any day.

These are all wild ass theories. If LT has as many assets as we think, this could be huge. Let's see what happens huh? Estimates from those in the know conjecture $100-350B. Some assets could take time to confirm, some could happen quickly.

Other theories welcome. Of course the bashers say there are ZERO assets. They might be right. But based on Dimon's shot across the bow $30B "leak", there is likely more than meets the eye or he would not have even brought that up. Gee, look what I found, more assets! "Sealed" my ass!