Mr Cooper Group Inc fka COOP

[WithCatz]

That said, here's where I'm really at.

It's pretty clear to me that the recent "mediation" is being somewhat 'fruitful'. While that word came out of Rosen's mouth, the opportunity was there for the EC to object -- and they didn't, the objectors were those who were looking on the "outside" in.

TPS especially -- While TPS is still being "shut out", they aren't cohesive enough of a group vs. the EC.

Remember, while the TPS securities are now "equivalent to P's" -- they are a fragmented group -- and not an official one at all.

The EC is 'official' -- the TPS group is further fragmented into the Consortium, and the other group, and the rest that aren't represented.

The Equity Committee, on the-other-hand, is an OFFICIAL court and Trustee sanctioned group -- with negotiation powers.

TPS isn't.

And whether folks like it or not, the reconstituted EC has representatives, strongly, of both kinds of Equity -- Preferred and Commons. As it should be. And the reality of how it is.

Doesn't surpise me one bit that after the first meeting, that TPS was left out in the cold.

The EC is doing their job negotiating.

For the response, at the last status hearing, to come back as "give us two more weeks" -- and that was just after just 2 weeks of negotiation (we know, from other filings, that the first mediation hearing was held on Oct 19th) -- and they asked for two weeks more.

My speculation is, combined with Folse saying that somebody "retraded" (eg, they were close to a prior PORv7) and it got reset... that all of this recent work is about dusting off PORv7 and seeing -- with Judge Lyon's assistance -- on what can be reset back on track.

Do I feel 'justice' will be done here? Heck no. If things go forward with the GSA intact -- and all odds to me look like it will -- then all District Court matters (pre-seizure stuff) will go "poof"...

But do I feel that WMMRC and the "NewCO" will end up in the hands of Equity -- defined as both Preferreds and Commons -- yes, I believe it will.


...Catz

P.S. While my signature stays as usual, I'll reiterate here -- do your own DD, make your own investments, and take into account the Risk/Reward benefits of the various classes of securities -- and remember that all classes have ZERO as an end-game proposed by the various PORs.