Replies to post #141408 on Mr Cooper Group Inc (COOP)

[uzualsuzpect]

http://www.kccllc.net/documents/0812229/0812229100118000000000001.pdf

[Wamook]

Look at the lawyers language,

He says there are 50 billion dollars worth of claims.

He overstates in support of what he wants.

He's not estimating what those claims might amount to after all the objections and disallowances and avoidances.

He doesn't say what the claims in the register will be able to collect from the company. No realistic estimate offered.

He only states what those claims can be added up to NOW. They've been throwing them out a billion or two at a time.

He's got tons of assets valued at their book value only.

He's made very conservative estimates of the potential for recovery in the lawsuits he's filed.

He'll settle a lot earlier for a lot less.

I love it that he comes right out and says this to our face.

[Jestiron]

Notice that as the assets move up, that the Liabilities are moving up. We have argued here from day one that L>A so that we could stay under the aegis of the protection of the court. Funny how this angle has changed since we have an Equity Committee.

AJest