Mr Cooper Group Inc (COOP)

[morekoffee]

I've been lurking on the board ever since I bought JUST before the seizure. Amazing work you've been doing, especially since I never intended to become fluent in bankruptcy proceedings

So I'm trying to frame the risk/reward in this. It seems to me that this is an all-or-nothing proposition now - we may settle for $2, $4, $8 or more this week...but if we don't, we're probably going to be wiped out, right?

I'm envision a sort of demented Howie Mandell on the other end of this deal, saying "the banker will give you $0.70 right now, OR you can keep playing for whatever is in that envelope. It will either be $0 or $2.00 or more"

Back when the banker was offering $0.10 it was an easy choice. But now at $0.70 there enough scratch to be worth something. Not my original cost of course, but more than I would've hoped to get a very short time ago.

Not looking for an answer as to the price or what to do, but wondering if anyone agrees with the way I've framed this??