Mr Cooper Group Inc (COOP)

[WaS]

What point would there be to saying anything? The judge has to sign off on it. They're helpless to do squat without her approval.

There is harm that can come regardless. Imagine you're a WMI exec looking to dump shares slowly to get as much as you can for them? Would you come right out and tell people the gig is up?

I'm just throwing hypotheticals out there. The bottom line is, we'll know when they put forth a plan that is approved by the judge. They won't say anything until then.

Hopefully by the time that comes around we'll have the 4 billion, the tax refunds, and the NOLs sitting in an account... along with an Equity Committee and a judge that will look at the pending lawsuits and ask WMI if they're out of their minds should they even bring such a plan to light.

They can create new equity to raise funds without wiping out the old.

All I'm saying is, lets not take for granted that they won't or at least won't try... because I do NOT trust business people, especially BANKERS to give a crap about me EVER under any circumstance.

"But what harm is there in saying they're going to cancel, or must they wait until the submit the reorg plan?"