Mr Cooper Group Inc (COOP)

[WithCatz]

The court is concerned with a "Plan of Reorganization", which the court Denied.

I've likened the POR and GSA combo as a twinkie.

The GSA is the filling, the POR is the outside.

At the moment, the POR has been rejected by the court as Denied.

And the GSA just entered a non-binding state as of midnight 1/31.

WMI (Rosen) needs an intact twinkie to present to the court for confirmation.

Eg, WMI needs a GSA that is re-binding. And a POR that meets the courts approval. At the moment, he has neither.

...Catz