Replies to post #160429 on Mr Cooper Group Inc (COOP)

[nyy13]

sorry i havent been keeping up to date on the board..so basically the settlements been agreed upon and now what there doing is figuring out an amount to settle? and does the money just appear in our accounts or do they send us a check? tia

[travelmile]

that sounds right to me too now that you put it that way.
i use to hope for the pps to skyrocket in the $8 range, now i think im going to be hoping for the cash settlement. sounds stress free.
thanks for the reply

[fastback]

What happens then? A halt with re-open at 12.00 dollars a share?

[Nightdaytrader]

uzualsuzpect, why would JPM give us cash when they can easily issue more JPM stock and pay us with that? You want JPM to pay us $12/share... That's ~ $20B in cash just for the WAMUQ common stock. That's a lot of cash and if you're JPM, it makes no sense. Thus, IMHO JPM won't pay us in cash. They will pay us with JPM stock and if you want cash, you can always sell your JPM shares.. I'm sure that's what they will tell Judge.. As long as they pay, she won't be able to force them to pay cash.

Now the FDIC is another matter... They may have to pay cash because they obviously don't have FDIC shares they can swap with us.

GLTA...

ND9