Mr Cooper Group Inc (COOP)

[steel58]

Uz,

Why would the bondholders settle for $335 million when they are due at least 10 times that? With the examiner's findings pending, why would they not wait. IMO they would easily be guaranteed at least the $335 million any time down the road. Any kind of damaging information in the examiner's report opens up much more potential for them.

As I'm sure some have speculated, this now also opens up the possibility of using the extra money that they would have had to pay out to put equity in the payout column and end this thing. For the $3 billion (my estimate -- just using a number here), they can offer common over $1 per share. At this point, as others have again suggested, based on depositions, etc, Susman most likely knows much of the outcome. If the assets aren't there, he would most likely then take the $1 plus. Rosen would most likely know the outcome as well. So why would he offer anything if outcome is in his favor (which I still haven't gotten pas the point that he should be representing all equity and trying to maximize)? Or are we at a point where all parties have an educated guess as to the outcome of examiner's report but aren't sure enough to go all in with their hand?