Mr Cooper Group Inc fka COOP

[fsshon]

All this talk about the sealed docs and where is Solomon (PJS) valuation of the assets. The EC has stated that the debtors refused to give them an asset information so they could properly valuate the estate. OK.. Playing hardball and hide the $$$ as usual. Trying to pull another K-mart in the bankruptcy court and then magically 6 months later find them (ugh we didn't know we had that kid of value until we got back in business and truly valuated them to todays valuations..Sorry Judge) Yes they are trying to fool the Judge, but we must also take into account THJMW has seen the docs and allowed them to be sealed.

Where's PJS valuations.

In the work product that was mistakenly given the EC and forced upon them to seal (it may have been given to them on purpose)? If the EC took the info they found in the docs they recieved from the debtors counsel and gave it to PJS and PJS built an entire Asset valuation plus potential claims valuation against the work product, then sealing effectively locked up the PJS valuation. What's left.. The Judge appoints an examiner to valuate the claims and assets that are staying with the estate and liquidated as part of the bk. So PJS has done a valuation based upon docs it got from the EC who found them in debtors "work product"

Examiner is given certain tasks, but he is deterred at every turn and inquiry, so he takes all the hearsay and puts it into a report of hearsay and summations. Now what do we do, we have an Examiners report that is totally unsubstanitated BS? Well I guess we get it thrown out and move from there, like it never happened. Was examiner privy to the sealed docs? Not sure, but I say no !!!

Debtors go to confirmation, without any reference to the work product, because if they refer to it, so can the other parties who know what is sealed. Here we sit, past the confirmation, with just the debtors "WORD" that they valuued the claims and decided it was not necessary the big bad JPM/FDIC conglomerate was going to crucify them if they continued bringing the lawsuits against them so they dropped them

Should have held out for more (Time that is)
Involves a the sealing ( I mistook this as ceiling and built an entire now discounted theory on this)
Quinn lawyers were quiet and shaken up after the chambers meeting, that is because they did not do their jobs properly and valuate the potential claims against the parties, instead they just backed off when told to. Or... they improperly valuated the claims, which caused the debtors to settle, instead of pursue. They also stopped the discovery and never took one deposition under oath..That is not using Rule 2004 to its benefit, then they go into THJMW's courtroom knowing they were not going to get 2004-1. There is no way they could have won that, it was all for show.

The value of the sealed docs is astronomical in how we can affect the outcome of this case and that is why we believe it is necessary to try and get those unsealed..If PJS valued the estate upon those docs and we know from SG and PJS billing they were working on something big nad time consuming in late June (ans the docs have something to do with valautions), then that is all they had. Now the info is locked up and we have to get the key. PJS can not value assets, if they do not know what they are and the debtors gambled going to POR confirmation without the work product, because it is a "double-edged sword" and could effectively reveal some interesting things about what they knew and didn't know.

Now of course this is all my opinion..Friday's a coming !!!

~Don~