Mr Cooper Group Inc (COOP)

[Large Green]

WFC will takeover WMI!

I see WFC taking over WMI, getting the cash, NOL's and the rest of the business for $4.00 to $8.00 a share, assuming the debt, making payments on the preferred stock versus payout. In chapter 11 the rules go out the door and the deal is whatever the majority would vote for. WFC would preserve the ability to sue all parties and recover whatever they can and this would propel who ever owns the stock at that time. There could potentially be some kind of bidding by other parties as well. This is going to get interesting very quick as delays on getting a deal are at or near an end. A deal has to be struck before WMI lists assets and the whole world will find out about the corruption, collusion, illegal seizure and all of the other dirty laundry. A few more weeks of delays is possible, but not any more than that.