Mr Cooper Group Inc (COOP)

[David West]

Valuation

The increased value of JPM, because of their purchase of Washington Mutual Bank, does not concern the Federal Bankruptcy Court hearing our bankruptcy (BK). The court is only interested in the filings presented to it by the horde of attorneys who represent the various parties in the case. For the most part, these filings will follow a ‘predetermined’ framework. A major variable in our BK is for Solomon to find all of the cash that this iHub board has been talking about since the seizure, and for the BOD to convince the presiding judge to order it returned to WMI. Once that happens, if all debt is satisfied and there is some left over, the market will trade the stock up to the value of WMI. EOM