Replies to post #121306 on Mr Cooper Group Inc fka COOP

[uzualsuzpect]

Okay. Tax refunds plus X2 or X3 DAMAGES ? JPMC is going down and you know it. Load up on WAMUQ Johnny :)

"In each case, the Treasury Department and the Fed did not act according to any legislated or even announced principles, but simply worked out a deal and claimed that it was the best that could be done under the circumstances. This was late-night, back-room dealing, pure and simple."

http://seekingalpha.com/article/174346-tarp-hearings-simon-johnson-s-testimony

[WaS]

If they stick around most of that debt is long term. They won't have to give squat the commons. They'll just escalate in value according to the value of the company.

If they get everything you've alluded to there, an equity committee will be a lock.

At that point the company would likely create new stock to raise money, which in my opinion would more than likely be preferred shares.

There's a lot of ifs in there and speculation on top of what ifs and I think is worthless.

You're entitled to think whatever you want but IF WMI gets all of that stuff, expect that equity will be represented in court.

[dmceng]

JW

I would maybe tend to agree with one or two items in your post except for the fact that the likes of TPG are present in this BK proceeding in the form of a common share stockholder with a substantial amount of common. Puts a different spin on it for the commons.

Take Care
David

[InfamousMP]

Why would WMI go through the hassle of issuing new shares? The shares that are issued are FINE. They'll have plenty of $$ for business operations leaving the commons intact because the value of the shares will reflect the value of the company's ASSETS, which by the way is INCOMPLETE (that is how they were able to enter into BK protection). What will most likely happen IMO is a reverse split after emerging from bankruptcy.

[linda1]

I still think that WMI would have issued fair warning to the common shareholders by now - that the commons may be canceled upon emergence from bankruptcy- if that is their plan.

[dannoninvest]

I can say with confidence that any dollar amount awarded to Wamu over the price that the all mighty crooks JPM paid, would do nothing but prove that wamu was illegally seized. That would almost guarantee that any and the majority of lawsuits that Wamu filed against the FDIC and JPM were VALID. I can also say that if Wamu was to get any amount over what was paid for them, that you can expect that all classes of wamu stock will be paid. Keep in mind that this wont be any money out of Wamus pocket. This will all be courtesy of your friends at JPM and the FDIC. The scenario would be that Wamu gets the fair dollar amount of all their assets that were seized or they are to be returned to Wamu to do whatever they decided to. It would also mean that any damages awarded to Wamu would be paid to the shareholders and they can pocket the rest. As far as creditors go, the debts arent due immediately. The debtors will be happy to know that Wamu won their battle and gladly accept payment over time. JPM and the FDIC would be forced to pay any and all legal expenses that Wamu accrued. What is the net operating expenses for again? I am sure that would take care of some of the debt, if not all.

[climberprof]

Johny

There is no chance in hell that the commons will be cancelled before all of these pending law suits come to a conclusion. PERIOD!

When those law suits end, then anything might happen depending on their outcome but not before!

Best of luck to you.
Climber