Mr Cooper Group Inc (COOP)

[SamuraiProgrammer]

If I were JPM...

Here is what I would do..

I would take part of the 4Bln and use it to slowly and quietly buy up as much of the common stock as is possible making sure that I got above 50% - Hopefully more like 80% or 90%.

Then I would show up in Judges Chambers and tell Quinn et al (in front of the judge) - "It doesn't really matter what we settle for because most of the settlement will come right back to us.

Now sell the rest of the company to us for $X.XX a share and lets be done with this.

This would be a win/win for JPM and everyone who did not sell their shares.

This strategy would be compatible with what we are seeing happen in the market. If it is happening, I don't think it is done because volume has not been high enough to transfer that many shares.

The problem with this is that there is an apparent judges order that precludes anyone accumulating more than 4.5% while in bankruptcy.

Questions for Legal Experts:

1) Under that court order, is it allowed for 20 subsidiaries to buy 4.0% of WMI so that the parent controls 80%?

2) If that were the privately stated plan, would the judge make an exception to the 4.5% rule for JPM to ensure that the creditors got fully paid?

3) Would it make a difference if WMI were on board with the plan?

4) Would it make a difference if TPG were on board with the plan?


Just thinking out loud