Replies to post #122469 on Mr Cooper Group Inc fka COOP

[dannoninvest]

If Wamu wins the lawsuits in court, there is no way that any class of stock can be cancelled/not paid value before time of seizure or more. Jpm and FDIC will pay everything. Lawyers, infringements, f/c, fines galore, janitors, electricity, water.. You name it. If the bonds are new to the system, they might not get paid. But did you guys ever think that Wamu bonds are trading high because that will be the new company after the lawsuit is settled and all stocks associated with the seizure are paid? Correct me if I am wrong on this issue.

[rickszy]

I am just throwing this out of left field, but has anyone considered that Bonderman is holding this - not until settlement – but until the Judge rules on the 4B and SJ to at least get out at a decent pps (perhaps near a buck) and somewhat save face and dignity without suffering a total loss?

I know that he is a BK expert in his own right, but perhaps he is playing this as we are at this point. No one knows what may happen! If the A>L equation does not look encouraging to him (and he may be privy to more info that we are), perhaps he will cut and run if a decent pps is realized with a few favorable rulings!

In other words, he may be of the opinion that commons MAY be cancelled as well and he is simply holding and waiting for an acceptable exit point!

I truly just thought of this scenario as many here have been saying LOUDLY for months ad infinitum, that if Bonderman is in, it is pretty much a sure thing!

Just a thought … rs