Mr Cooper Group Inc (COOP)

[JohnnyWinter]

The writing is on the wall. This is chapter 11 reorganization, and part of reorganization includes re-structuring your capital structure that includes stock and debt.

If WMI gets the money in the DDA and all of the WMB NOLs (which they won't get), do you really think that they will take all of their cash and hand it over to the creditors? I don't think they will do that, and how they will make their creditors whole will be by either giving them part cash- part new stock, or they will make their creditors whole by giving them all new stock.


The dollar volume on the WMI bonds over the last year tells the story along with the billing statements.