Replies to post #171943 on Mr Cooper Group Inc fka COOP

[Joshfm]

But do we know if Weil is the problem or are they just following instructions given to them by the creditors? Because if it's the later we've replaced one enemy with another.

[ItsMyOption]

Fish – Venable, and the EC did not represent the shareholders today. They sat in near silence.

What happened to the motion for shareholder meeting? or their objection to a settlement they said it was the first they heard of? I would also like to know who are the BOD for WMI, Rosen said they will need their approval. Who are they and who voted for them? There has not been a shareholder meeting in years.

Rosen had this planned with someone that informed the major MM, as we all heard the words were - we have a Global Settlement for JPM, FDIC, and WMI – I thought WAMUQ was WMI? How could WAMUQ go down that fast until one reviewed that settlement. It’s hard to play with these criminals! They have too much power.

[alliecorp]

fsshon, one thing that puzzles me most is that Rosen stated that WMI was going to have their 'reorganization plan' ready for March 26th. But considering the meager amount of money WMI has been able to recoup from JPM and the FDIC...only $6 Billion so far, you would think he would have said they would be filing a liquidation plan??? This is only enough to pay of creditors not enough to start over or reorganize.

It just doesn't make logical sense unless for WMI to reorganize unless they are expecting a lot more funds to come their way.

The other thing I am wondering, and maybe some others have more knowledge, is that the current Commons shareholders and EC have become a stopping block in their plans to reorganize. I think they were expecting the commons pps to go down to nothing and that would make us easy to get rid of or buy out.

The more the Commons are worth, the harder it is to make us simply go away. We can either be bought out and/or have our shares replaced with new 'reorganized shares' too. With the EC in place WMI will have to put up some funds and/or shares to take care of us too, in order to reorganize, imo.