Mr Cooper Group Inc (COOP)

[marayatano]

Brandes sold short unintentionally assuming Wamu Holding would lift the restriction under ordinary course of business. WRONG. Brandes should have asked for the restriction to come off FIRST before Goldman sold millions of shares.

Now that WaMu Holding has their own pleading asking the Judge to fire their Transfer Agent means that the shares will remain RESTRICTED unless the Judge grants the lifting of restriction.

Can lift a restricting on a stock if there is no transfer agent to do the work.

Now, Brandes has to make a decision: wait for the Judge to lift the restriction, buy back so many millions short from the open market, or chance it hope the PPS will go lower or be stable.

Well, they have their Pleading in the PUBLIC eyes where heage funds are probably following the case. I feel that there is a hedge fund preparing to push the PPS to force Brandes to cover or face margin call.

I really hope we have a short squezze here (sorry, at the expense of Berandes).


Anyone feel free to correct me if you feel I am off base here.

This is only an opinion and should only be used for entertainment purposes.