Mr Cooper Group Inc (COOP)

[rickszy]

My gut tells me that preferred will take a sizeable enough haircut so that commons get paid enough to "shut up and go away". It will be all classes...and it will be pre/post...IMO... but I've seen some very "optimistic" quotes on this board....and while I don't want to dash the excitement of it all...my better sense tells me....most would be pleased with far less than face...just to walk away with what they have.

Gandalf. I couldn’t agree more! I have been in a self-imposed hiatus from the board for several reasons - but mostly due to the fact that everything has been said here. From pps to pre-post! From old/current court filings to news articles! From Rosen to Susman!

None of it has mattered since the EC and particularly since we retained Susman! I felt that my posts were becoming broken-records as the only thing to say was this is in negotiations now! I have pleaded for the need of an examiner – not to go the 150 days - but to light a fire under the offending party’s asses to hasten negotiations! Will this be over by July 20th, the end of August, or New Years Eve? Who in the hell knows!!!

Susman will settle for a reasonable offer as per the EC’s requirements! They (the EC) have calculated probable offers many months ago! This has gone on too long for anyone to consider truly winning this case! Every party takes a bath, so-to-speak, and swallows their respective pride as the means to an end of this conflagration!

AIMHO as always … rs

EDIT: We will as per your words “walk away” with much less than many here are demanding – LOL!