Mr Cooper Group Inc (COOP)

[ptolomeo]

I would not be so optimistic.

You guys give for granted we will receive big bucks for our shares. We've been through this many times, since long time ago (starting Sept. 2009).

I think we should try to be much more reallistic, for many reasons.

When THJMW denied the examiner, she said something like the EC was going to have enough time to check WMI documents produced during the Discovery process. It was stated on that same hearing that they were around 7 million pages.

We all know the current POR cannot fly. The UST and even the Attorney General of CA already stated it is way incomplete and doesn't meet the minimum requisites to be even considered.

We all know Rosen had also make a filling where he specifies there is a revised version of the POR that the parties are analyzing.

Adding all facts, I presume Rosen/Weil will apply for a Exclusivity extension arguying (again) that the parties are near a Global Settlemen (again) even though I'm sure the EC is not aware of this second POR (again). Having seen how THJMW works, I'm sure she will agree to this new delay in order to not-break the current ongoing settlement talkings.

Because of that, I would not even talk about a settlement (or at least the kind of settlement we want with equity getting paid big bucks). The question I have is the same I made before:

If the FDIC agrees to sign the (revised) POR, that would mean that the two main points of discordance they had before had been solved.

Those points were (1) having JPM not getting a penny from the NOL refunds and (2) having JPM dealing with the WMB Bondholders. Both point would make WMI State increase substantially, probably enough to get us Equity In The Money but I'm sure Rosen will find or try a way to f*ck us all giving away money to keep A<L

For example, as donations:
WAMU's old office supplies go to schools, nonprofits