Replies to post #561998 on Mr Cooper Group Inc fka COOP

[clawmann]

What you find to be "fair and reasonable" and what the court considered as "fair and reasonable" are two entirely different things.

One could quite strongly argue that, under a typical Chapter 11 proceedings, equity is cancelled and receives nothing. Therefore, if equity receives anything of value, that would be more than enough to be fair and reasonable.

Besides, it is the POR that the court must find to be fair and reasonable, and many PORs that give equity nothing are found to be fair and reasonable.

If you know one, why don't you ask a bankruptcy attorney?

[wcheng]

Yea the wmih turned coop shares they gave us are not F&R unless they somehow go to 4 figures per share!