Replies to post #119363 on Mr Cooper Group Inc fka COOP

[XOM]

The post you referenced is a cash settlement situation. Neither FDIC nor JPMC can part with the kind of buku $$$ WMI is demanding; all pre-seizure equity claims have to be made in separate (class action) litigation.

I strongly believe agreements for equity swaps with JPMC in lieu of cash will be made when this fight is concluded, and the retail market will determine the ultimate share price.

[ABIGIDIOT]

hhhhhmmmmmmmm...........hhhhhmmmmmmm.....tooo.... much...... for..... brain....... cannot.......process.... !!!!!!

well, i'm hopeful

that there would be a way to delineate any "potential class actions".

i still say, follow the big iron.

TPG GETS PAID, ABIGHAMMER GETS PAID !!!

[cents2ks]

"Those who held bonds and preferreds before the seizure want to be compensated. Those who held the common before the seizure want to be compensated."

Those who held (past tense) pre-seize and want to be compensated shouldn't have thrown their paper on floor before the end of 2008 just to get the write-off...

Those who threw their paper on the floor deserve nothing unless they picked it back up...

Contractor, I'm not in complete disagreement with what Mordicai says in that post. It is just the principal of the matter, when Investing in securities the investor should "know when to hold 'em and know when to fold 'em"

With that in mind, I'd say tossing 'em on the floor for .02 to get the loss last year was a great move. No one knows yet whether picking 'em up 'long' is a good, great, or awful move. That's the game we're playing. We all KNOW laws were broken, a Solvent 300B bank was 'sold' for 1.9B. If some pre-seizer is to shortsighted to see they were robbed, and sells their INTEREST to me for .02...
...Their loss, MY GAIN...