Mr Cooper Group Inc (COOP)

[dix]

I'm assuming the examiner's report is going to prod JPM/FDIC into giving up a pot full of money to WMI then going away.

What then?
WMI goes to the Court and says, 'Due to a recent infusion of cash we are no longer bankrupt and we ask for a dismissal of this proceedure."

WMI goes to the Court and says, 'Our business is in a shambles we can no longer continue as a going concern we ask for a conversion to Chapter 7. Our creditors have stated they will not object as due to settlements with other parties there are now enough assets to make the creditors whole.

WMI continues to squabble with Creditors and Equity, recently given a seat at the table, over the nature of the reorganized company.

If I've got this right you're anticipating the third option.

Ten