Mr Cooper Group Inc (COOP)

[NASCOW]

I would be more concerned with the immediate future of common shareholders as there are bumps & more than i have listed here

The Equity committee believes that the proposed allocation is fair and supportable. However it is possible that the Bankruptcy court may determine that the bankruptcy code, or the case law interpreting the bankruptcy code, requires that current holders of common equity receive no recovery unless the holders of preferred equity consent

[preferred could find themselves the executioner of common] [anyone remember TFjmw feelings toward Absolute Priority in the last POR]

To our knowledge, no such plans have been made, could have been made, and no discussions have occurred with any third parties. Any acquisition or merger of reorganized WMI would be the responsibility of the new BOD. No one should assume that reorganized WMI will be an attractive target for acquisition or merger with third parties

[BOD which has not been proposed - or has it, which would put into question the integrity of their denial that certain conditions applied in their decision to accept this risky deal]

Can’t wait for the EC to identify their selections to the board