Mr Cooper Group Inc (COOP)

[survivor Spain]

4B hearing on 10/22 at 9:30!!

I expected it earlier but that's life!

Next day, on 23rd it may be in WMI's Wells Fargo accounts. For me this is a non brainer.


Now it's time for our attorneys to fire up - we need JPM to feel more heat to force our awaited settlement - other fronts like the $B in the trusts, the taxes recovery, the finding from discovery etc ... ... I guess we will see some guidance of the next steps non later than by the next omnibus.

Leaving apart what comes from new litigation steps or settlement ....beyond the 22nd the picture will be really comforting: Having 4B in firm cash + subs with book value around 3B (conservative) when the only short term debt (due in 2009) is less than 1.5B and the rest (6.5B) is up to year 2049... is a very comfortable and unique situation for a BK company... by then we may be in the $1 pps range guys!! (again: before other outcomes from litigations, dicovery or settlement)

Cheers.