Replies to post #663132 on Mr Cooper Group Inc (COOP)

[gjw46]

I thought that newco, at the time equity got shares, was worth maybe $150 mil. They didn't leverage that to buy Nationstar. The judge never stated that Justin's facts were wrong, just inadmissible. IMHO everyone in equity got a big Ch 11 haircut and moved forward, unless the equity was exclusively tied to the siezed/liquidated institutions. IMHO BOD would be obligated to preserve the share structure and reunite equity with their assets at some point after the bankruptcy...and that may be wishful thinking.G