Mr Cooper Group Inc (COOP)

[jackfburns]

Spoke briefly with my attorney friend... Some thoughts:

No way would Rosen give us an extension unless he absolutely had to. As we all know, that motherf'er wants nothing more than to kill equity - and soon. If SG didn't have something significant to leverage, Rosen would be rushing us through confirmation hearings on June 6.

This, friend's, appears to signify a serious crack in Rosen's grip on the case. I think Rosie agreed to this because he knows a settlement is forthcoming... and a settlement is the only thing that will spare him from the professional/personal humiliation that awaits him if they go to confirmation.

Also, this June 10 objection deadline gives the EC very little time to integrate the info from the 5/31 Owl Creek depo into their objection. Watch to see if the Appaloosa and Centerbridge depos are postponed beyond 5/31 - that will be a tell that either the deadline will be pushed back again, or is irrelevant.

Settlement is still very much in play here. Unfortunately, the waiting game continues...

-JFB