Mr Cooper Group Inc (COOP)

[rickszy]

The US Trustee would more than likely have NOT pushed for an EC if numbers weren’t slowly indicating an A>L probability/possibility! Remember, we were all wondering why an EC was not established in the early days here. Even though the theoretical numbers were there, the outstanding claims were not in favor of equity! Over the months, we have seen many large claims dropped making it more favorable that some settlement monies will be available for shareholders!

The legal teams can only base their arguments on current information, not scenarios. Some 12, 9, or even 3 months ago, the current “numbers” were not in our favor. IMO, once the US Trustee (with some nudging from Joyce and company) realized that current numbers were significantly improving, allowed the formation of an EC, saving our arses! … rs