Mr Cooper Group Inc (COOP)

[dragon52]

One could also blame the legal system and the tactics employed

In this case, where the estate is losing money each month not because of mismanagement as it is of legal fees. Three years of constant erosion of its wealth though trying to protect itself only to find that the ones hired to protect it will have more than the estate in the end.

The other problem is shareholders seek monies from criminal action not so much left overs from the estate after all is paid to debtors. This is a bankruptcy case and criminal action may have to be taken up in civil court against those in question, JPM and the FDIC; before it can do that, it must first get through BK court and settled.

One thing all must remember is that common stock is the last in line and is paid last accordingly after everyone else is paid with whatever is left. So far all I see or have been hearing is that there is approx 7 bil dollars to be spread around and you have bond holders, senior note holders, trust stock, preferred stock and other debtors to be paid with this money even before commons can smell it. Once all are paid does commons get to divy up the stake; though remember that there are 1.7 BIL shares to be paid. If it were $1 a share, that would be a lot as it would be $1.7 Bil paid to commons out of the $7 Bil. For commons to be asking for a bigger share of the pie is ludicrous.

The point being is the court will not show who is the criminals and who are the innocent in this case; but can this company reorganize and move forward. Any criminal charges may have to be brought up in another court requesting damages be paid to the commons investor since their monies were stolen by the action set forth.

Now I am not a lawyer, but observing this for the last three years, it is almost as obvious as the sun rising each day. I cannot understand the hype of demanding 8 times damages or being paid $24 per share, etc. There just isn't money to pay out that much and not by WMI. This case is not about criminal action but of reorganization. Criminal action is set for another court and another time.

so in this case, the rich win... you have to take the fight in another court and prove they did wrong.

Lastly if commons are demanding damages be paid, then it is only fitting that other groups be treated the same and also get paid damages. With that said how much money would be left to pay everyone for damages? nada.