Mr Cooper Group Inc (COOP)

[David West]

Seattleguy527 - Let us hope not!

It is unlikely that the Equity Committee (EC) is in ‘settlement’ discussions with anyone at this time. What the EC should be concentrating on is numbers, i.e. the number of votes it can exercise at the Board of Directors (BOD) meeting that is sure to come; i.e. the numbers that Solomon and team will come up with in the valuation that is certain to happen. Once the new BOD is in place, they and the EC will direct WMI’s position in the BK, and make certain that equity receives a share of whatever is left over after all debt is paid (if any). Do not look for WMI or the judge to file criminal charges against JPM or FDIC in the Chapter 11. The only thing we can hope for is that the judge (Walrath) will force JPM and FDIC to return whatever legally belongs to WMI. If WMI has any value after paying the debt, the market will trade the stock to up to its value and we can sell or keep our stock as we choose. The only advantage that shareholders will be able to exercise in the BK process is the numbers that Solomon will produce. It would be a poor tactic and a waste of time to begin the assault without them.