Replies to post #39496 on Mr Cooper Group Inc (COOP)

[ora123]

if the buyout will be $10 per share before 11/18 Brandes is still paying big?

[greyghost]

mikepgator....those are orders for the date of the hearing on their motion to sell....hearing date nov. 18th

[mikepgator]

But it says "court having determined that there exists just cause for the relief..." It makes it sound like the Court will grant this?

[GotX]

This just means she will hear the motion and any objection to the motion to shorten on the 18th. They still sold restricted shares in the market. For some reason they did this right before the takeover............. wonder how they knew it was coming? LOL. Now Goldman wants the certs and they can't give them certs with the restricted stamp on them. If she rules in favor of them getting the restriction lifted before the time stamp it will give us an idea of who she really works for. Selling restricted shares is a big NO NO. And selling restricted shares right before a takeover is very questionable. She should hang them with their own rope. Look for an objection from WaMu legal. Something doesn't smell right here. sniff sniff