Mr Cooper Group Inc fka COOP

[cubman719]

IMO the only reason to have an equity committee is so we have represenation in BK court to protect our shares from being cancelled. If there is a settlement, I would assume it would be large enough for everyone to get a piece of the pie.

However, if WMI exits BK before a settlement is reached, our shares could be cancelled, and thats why we need the committie.

I think WMI only has 18 months to exit BK. With all the delays and appeals, it is possible that our case will not be settled until after WMI has exited BK and had our shares cancelled. Then WMI keeps all the $$ and we get nothing but being left holding the bag.

So, with that being said, I have no problems contributing $50, $100, even $500 to have representation to help protect our common shares.