Mr Cooper Group Inc fka COOP

[JohnnyWinter]

So you claim that JPM is short and they won't have to cover if and when they settle.

So let's pretend that JPM is the one that naked shorted 1 billion shares. That means that there are people who bought all of these shares that are not actually in their possession since they were naked shorts, aka FTDs. So that means that there are tons of FTDs out there, and if what you claim is true, which I don't feel it is, that JPM doesn't have to cover, then that would mean that those people holding the NS shares will be out of luck.

If they don't have to cover the shares they shorted (shares that people on this board and elsewhere bought), then that means those holding those "shares" will not get paid if and when they settle, as those shares are not even real, and hence won't get paid.

Maybe you can clarify your position.