Mr Cooper Group Inc (COOP)

[strikehold]

This is why bashers are worried
The pesky shareholders will not allow another Kmart style of undervaluing the assets and out right theft from the shareholders. I can’t wait until the oral arguments are stated in open court for the record. SNH’s and debtors have some serious problems.

1. All 4 hedge funds stated they didn’t trade on insider information to the Judge. Per the 108 pages from SS they did. Complication: Insider trading and perjury.
2. EC claims Brian Rosen for the debtors was leading negotiations with e-mails to back it up. Complication: Conflict of Interest.
3. Per term sheet of 2009 JPM was giving back the 4b deposit to the estate. Complication: Insider trading, BK court deception, SEC violation of MOR and perjury.

I could go on but you get the point. All of this is my opinion of course but I think the SNH’s and debtors have some serious issues on their plate. The shareholders will not condone the above allegations nor should we. We want answers and a shareholder meeting/valuation of all the property WaMU owned on 1 Sept 2008 to current date. Also all assets sold or transferred during that period along with who, what, when and price pais for such assets.