Mr Cooper Group Inc (COOP)

[NewbieWar]

If you ask me, WMIH is probably about to do Merger or acquisition.

More specifically, a conversion of shares to equity. KRR is known for it's leveraged investments, and part of the conversion was a price at 2.25 WMIH shares. If the price is higher than that then KRR has less leverage with its 600m.

It is in KRR's best interest to get the price below the 2.25 at the time of a conversion of preferred shares to equity, and such conversion was supposed to be triggered by an acquisition or merger.

WMIH's incentive to be speedy is that it is paying interest on 600m preferred shares.

If escrows have merit, and the benefit WMIH(at least 2.5% will), KRR should be as leveraged as possible prior to the court resolving all claims.