Mr Cooper Group Inc (COOP)

[WaS]

As I said before, Bonderman is looking to wipe out equity and take over the company via the bonds.

That's why the bonds are trading at 98 cents on the dollar while equity is still dangling down here. There's a ton of manipulation as well, but still... you catch my drift.

In my opinion THE ONLY THING WE HAVE GOING FOR US is that JPM knows we know too much and would be leaving themselves open to a class action suit brought against it for conspiring to destroy the company which equity for all intents and purposes owned.

JPM needs this to go away. They need WMI to settle before it gets out of hand. Likewise, they can't have a class action suit being filed that will just pick up where this round of discovery ended.

I trust JPM's legal people to instruct that that any settlement will require an equity committee signing away it's rights to pursue further litigation against JPM much more than I trust Bonderman who clearly used insider information to know to buy up as much of the bonds/debt as possible when it was going to peanuts.

There's only one reason the bonds are trading as high as they are now with the Ps stuck down around 40. The bondholders are counting on wiping out equity and being paid much more than face on their bonds.

Thankfully we've had smart people pushing for this equity committee and working toward that end for the past year. Mark my words, a settlement won't spill over to commons, a settlement with a specific monetary value for the commons will be set in stone before JPM signs off on it.

They have no vested interest in paying their way out of this, effectively buying WMI's silence only to have a class action suit pop up where angry shareholders (especially ex employees) are far more likely to be vengeful, refusing a settlement, but instead seeking full disclosure on JPM's little "Project West".

"the only good thing we have going for us is that Bonderman is the largest shareholder period unless he's made whole on the other end through bonds preferreds etc."