Mr Cooper Group Inc (COOP)

[gophilipgo]

Large, FJR is now the decided upon rate whether or not mediation is effective. It's not something to be enacted as punishment. The judge has set this rate with her latest opinion, and it's not contingent on anything.

Secondly, assets are NOT larger than liabilities with FJR. Equity is still out of the money, even with the FJR rate of 1.8% set in stone now. It's just that equity is much closer to being in the money, and the monthly burn rate is now down to about $11 million instead of $30 million.

Lastly, as WithCatz and others have mentioned on many occasions, equity cannot take over the bus. The debtors will continue to drive the bus, unless the judge removes them, and there is absolutely no indication from her that she intends to do that. And even if she were to remove the debtors, the EC can't magically take the role of the debtors. She'd likely appoint a trustee in that case. What the equity does have at this point is a seat at the table, and they will be served, finally.