Mr Cooper Group Inc (COOP)

[Spectre]

WAMUQ Shares will be worthless. There is no JPM buying the shares on the public market. None of the nonsense that is being spewed around here. WAMUQ is simply a day traders vessel at this point, and more so, hundreds of uninformed people are buying it because they don't know the stock for WAMUQ is dead.

I'm not saying this to burst anyone's bubble. I'm all for lotto tickets and i know the alure of the day dreams of vast riches that go along with them. But WAMUQ is done. If people want to make a bundle in this market, start shorting via puts. XOM puts went from .03 to 2.98 in two weeks.

Anyway, some info below that in pertinent regarding WAMUQ.

http://www.sec.gov/investor/pubs/bankrupt.htm


"Note: Investors should be cautious when buying common stock of companies in Chapter 11 bankruptcy. It is extremely risky and is likely to lead to financial loss. Although a company may emerge from bankruptcy as a viable entity, generally, the creditors and the bondholders become the new owners of the shares. In most instances, the company's plan of reorganization will cancel the existing equity shares. This happens in bankruptcy cases because secured and unsecured creditors are paid from the company's assets before common stockholders. And in situations where shareholders do participate in the plan, their shares are usually subject to substantial dilution. "


Anyway Tina, hope your trading is going well. I'm sure 10 noobs will rip my head off for this post, but alas, that is the price for making a sensible post.

Best,

Spectre