Mr Cooper Group Inc (COOP)

[ptolomeo]

It's not good news yet,

Well considering that debtors and SNH are giving away several things to EC/Equity's benefit, I think we are in an interesting (good) position.

1.- At first debtors agreed to delay the EC's objection to the POR. Why? Why only the EC? I'm sure BR would love to have us equity destroyed and massacred, but for some reason he has to be (or is pretending to be) nice to us.

2.- SNH are giving away the control of WMMRC to the Equity. At first they wanted it ALL for themselves (that was their master plan) but now they only ask for 160 million in WMMRC shares. Anything over these 160mm belongs to Equity, whatever it is.

3.- SNH also giving us 25 million to pursue litigation, and lending 100$ more to keep the new WMMRC company alive and operating (until a big whale buys it, I guess).

4.- And let's not forget the cancelled depositions to the SNH. I think it was a 'quid pro quo' exchange (you give me something, I give you something). The DOJ was invited to assist to these depositions, and if any criminal action arises from those depositions, the DOJ should file criminal charges even if later SNH and EC settle these issues. SNH didn't want these depos to have place, by any mean.

With all this said, I think we are in fairly good shape, specially the preferred shares.