Mr Cooper Group Inc (COOP)

[marayatano]

Very Interesting re: DIMEZ LTW. Seems as though they are falling apart.

Creditors committee do not acknowledge them and view DIMEZ LTWs as an illegitimate (bogus) claim.

Equity committee has no duty to DIMEZ LTW.

They may run out of funding for their counsel, that is why they need a committee of their own, i.e. funding their counsel (from the Estate's money) since holders are dropping out. Broadbill, their major player pulled out. If they pulled out, this could mean that Broadbill realized they have NO real claim against the Estate. IF LTWs runs out of steam, they could just drop off the radar.

Mediation resulted in no resolution. Lets all hope they do fall apart.

What does that mean? It means approx. $337ish millions that was set aside as a reserve will come back to the Estate and directed towards equity!!!

However, I do recognize that LTWs claim they are a different type of warrant. So, I do not know (what the outcome would be), BUT if they are viewed as like any other standard warrant, then they have 0% change of prevailing. We will see....

BTW, I didnt get to hear the entire hearing...

imo