Mr Cooper Group Inc (COOP)

[DigitalTradz]

EDIT***** If you think about this whole thing, it really is telling about what may have occured behind the scenes. They originally thought that in a year the stock would be worth 0. But why? What information did they think they received that would lead them to that conclusion? Moer importantly, the question is, From where did they receive information that would lead them to that conclusion around Oct. 20?

This IMO is just another example of how badly this whole thing stinks of collusion and conspiracy to take the banking assets from WMI.

But again, it looks like that what the greedy thought was a slick way to $crew WMI and its shareholders is backfiring on them

WMI is now free of all the bad debts. JPM has that to deal with now. WMI has a relative small amount of debt to cover and with assets that are known and those that have yet to be revealed, WMI as an entity is in much better condition than I think many realize. I have been piecing this together and the only thing that I am not clear on is their real estate assets, actual bank buildings that JPM supposedly got. Maybe they didn't. MAybe there is a real estate management subsidiary that is yet to be revealed. On that point, I really don't know.

I see the bottom line here as a sticky wicket for those that are trying to drive the PPSinto the ground. Problem is, there are to many powerful entities that are on WMI's side.


EDIT****The one thing I forgot to add, which is probably the most important and has not been addressed here, There was NEVER a non-compete clause or document filed in all the proceedings!!!