Mr Cooper Group Inc (COOP)

[Mr Bombastic]

I think the distribution of shares theory you posted is fairly likely but I don't claim to know for sure.

I don't understand how the share for value theory would work. Almost all of the old Wamu mortgages have been paid off. The newest mortgage on their entire books is now 10 years old. In other words it's almost all cash. I would think over 90% cash. There are other items Jpm will have to pay for, they can't issue wmih shares. It would have to be cash. For the small amount of mortgages that are still being serviced I just don't understand why in a bankruptcy they wouldn't be sold instead of traded for shares. This bankruptcy is a liquidation despite what people say here. Wamu did not reorganize and no longer exists. Wmih is not Wamu and therefore it's a liquidation. Liquidation always means convert to cash and sell. It doesn't mean swap for another asset.