Replies to post #121305 on Mr Cooper Group Inc fka COOP

[JohnnyWinter]

I would say that the COMMONS ARE TOAST.

Even if they get the "deserved" 3.7 B back and IF they get to keep $3 B in refunds I would say the COMMONS ARE TOAST.


Do you really think IF WMI gets the money in "the deposit" and a few billion in tax refunds that they are going to give all of the cash to the creditors? ????

Of course they won't. They will issue new stock and pay their creditors in part cash and part new paper so they have some cash left to operate as a viable business. New stock means wamuq shares will be cancelled, and that my friend, is bankruptcy .