Mr Cooper Group Inc (COOP)

[steel58]

hdsstocks - Not sure if my timeline is accurate, but I believe that Rosen has to say by Friday if a settlement has been reached, one could not be reached, or they are still negotiating.

Based on what he says, I think a different clock would begin to tick.

If he says they have a settlement, then they will work out final details and begin voting process, with most likely TPS objecting or being included (that is an unknown at this time). Equity would be included at this point.

If they are still negotiating, the judge would then have to either extend it based on how long she thinks it would take, or simply ask Rosen how much more time he needs.

If they can't reach a settlement, they would start working towards the confirmation of 6.5, which I'm sure Rosen has a completed copy ready to go. EC would obviously object. I, honestly am confused about if there are enough differences in 6.5, if anyone else is allowed to object, based on provisions previousl discussed (EC objection was extended). Depositions and other fact finding would need to take place and everyting would be sorted out then, with either we end up with nothing if the judge totally loses her mind, or we turn the wheels again and have her deny it again and lather, rinse, and repeat for another year or so.

All this is with the caveat that IMO this case has had NOTHING go as it should.