Mr Cooper Group Inc (COOP)

[Large Green]

jhd51, I hold no punches in this case of MASSIVE fraud and why should I? The Judge is/has/will protect all of the CRIMINALS to the extent she can and SHE HAS. Keep in mind in Delaware where ninety percent of all United States corporations are incorporated, the laws are for the Debtors. The compmany can reorganize cancelling old equity and issuing new equity kind of akin to losing money in Las Vegas and going to the Cashier to get refunded without costing you any out of pocket money. The Judge will protect this Delaware legacy to almost any degree which includes cancelling out old equity even when there is enough equity to keep old shares intact. Why would most people keep this old debt? The answer is the same as running your credit card up to the maximum and then dumping and gettting a new card without a balance. Who would not do this if they could?

Where companies keep their equity intact and not cancel shares usually involvolves companies where the original owners own much of the stock, such a family owned companies that went public for new money to expand. Ninety five percent of ALL companies who file chapter 11 in Delaware will cancel their shares and issue new shares. The problem with WMI was they were solvent when they entered chapter 11 and they even filed the proper form that showed somewhere around 32 billion in assets and 8 billion in liabilities, but of course the Judge ignoresd this. She and Rosie were shopped for this whole travesty and she is in on the crimes to the point she can be without being to obvious to 99.9 1/2 percent of the populations who does NOT have a clue about this multiple crime ridden saga that will not quit promoting crimes!