Replies to post #121565 on Mr Cooper Group Inc fka COOP

[linda1]

I tend to think there will not be a direct payout to common shareholders if at the end of the day WMI is awarded substantial recovery and the commons have value.


This would be a loss of a lot of money to WMI and so I think that the common shares will emerge from bankruptcy intact.

[Bizreader]

It's a "given" that commons, i.e. WAMUQ, is still very much in play here as we go into the next hearings. Therefore, it is a given that momentum up, which is good for flipping is likely. The pops and drops will stop as we go into March if we are still waiting then.

The given is clear. The way people speculate about what "is" and what "isn't" is not clear.

There is no DD required to understand pure logic.

Given: these commons are a great bet in a rough market.

[Jestiron]

"Estate", to me, implies the Owners/Company. In this case,..that WOULD be the common shareholders. If there were no common shares, as in a small business owner, the estate would be the owner himself. Estate is NOT the bondholders...or the preferred shareholders....or those we are indebted to. I thought that was covered WAY early in the year....

I am trying to find a verification of this under the Cornell Law website...no luck yet.

[linda1]

Are you sure it was WMI that issued the statement and not the FDIC?


Mordicai has been posting here since Sept 27, 2008 and he doesn't recall any such statement.