Replies to post #108554 on Mr Cooper Group Inc fka COOP

[sf]

cnbc is showing that tpg as of 10-15-09 is +96% at 230.1 million shares and that is 13.5% of the shares. thought you could only own 4.25% due to restriction? obviously tpg has wmi blessing!!!

[Desperado90]

Of course, why do you think I'm here.

I knew that they had dropped their protection rights. Thats why they quickly got WMI lawyers to put a 4.5% maximum number of shares that can be bought. This is because some guy can show up from no where and buy up the float for $60M and take control of TPG and our destiny.

Immediately they put that restriction on the number of shares, I knew they were not planning to cancel shares. They were also trying to preserve the NOL.

The Fourth Amendment to me is very exciting because there's no way the FDIC can wiggle out of this. This could take longer than expected worst case but they will pay.

You can see that JPM in their reports are already doing CYA because they can claim the FDIC made the mistake and there was no criminal action from their side. After all, they have fully disclosed to the public how much they made from the acquisition without hiding the gains.

The sept hearing our lawyers made a profound statement that JPM was delaying to extract a more favorable settlement. If you doubt this statement, I can provide you with the audio.

GLTY.