Replies to post #173031 on Mr Cooper Group Inc (COOP)

[fsshon]

Thanks shiftaz I am with you here is rule 56c

(c) Time for a Motion, Response, and Reply; Proceedings.
(1) These times apply unless a different time is set by local rule or the court orders otherwise:

(A) a party may move for summary judgment at any time until 30 days after the close of all discovery;

(B) a party opposing the motion must file a response within 21 days after the motion is served or a responsive pleading is due, whichever is later; and

(C) the movant may file a reply within 14 days after the response is served.

(2) The judgment sought should be rendered if the pleadings, the discovery and disclosure materials on file, and any affidavits show that there is no genuine issue as to any material fact and that the movant is entitled to judgment as a matter of law

[fsshon]

Very Good! Everyone read his post please! eom

[Pegaso]

My highest praise: PERSON MARK.

A real eye opener.

Thank you so much.

[chaarles]

STICKY THIS

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=47792795

[kelseyf]

Well stated, your opinion outlines the very likely strategy in terms that are very easy to understand that is being employed by JPM/FDIC.

A very clear appearance that JPM is trying to do the Bear Sterns process all over again only this time see if they can start even lower.

I agree, last week was a ploy, a move to create pandemonium in the market... and what better way than to drive the price of WAMUQ up to .70 on Tuesday only to have it crash to a low of <.10 by present a possible offer where A<L after many expected by Friday an offer of A>L.

This offer of A>L will come. The EC does know the process and now is not the time to panic or upset Walrath with a rash countermove that it either out of turn or with no substance, reason or logic. IMO Vernable will counter with an appropiate response in the proper format and at the proper time.

Shiftaz you so correct by stating "we have walrath and the ec, but let’s not forget that we have also have the us trustee. We we’re blessed that his quick actions saved us.

Mark for you.

Kels

[jcpny777]

excellent post we must stand together and not let them blindside us again. i believe our judge might just be a little more biased in our favor after the cheap shot on friday

[REALtime64]

This is a super Great post

[KrayzeRicky]

I wonder how well their plan to shake longer share holders worked. Their were alot of buyers back when the stock was .12 and lower and I for one still have all my shares from back then. I believe the only holders that got taken were the day traders so their plan may not have worked as well as they thought it would. The fact that we are at .19 now makes me believe that longs hold more now than they did a few months ago.

This is one big money chess match and I am going to enjoy it. Holding to the end. Keep the faith.

KrayzeRicky

[Chiron]

Probably one of th best posts I've read all weekend.

[kim40]

Awesome post. Thank you for that. Person Mark for you!

[Gmenfan]

Excellent post!!!! You have the situation pegged to a T. Nicely done!!!

[jckofalltrds]

as long as i put your name onit can i forward your post to Kirsten Grind to see what she thinks of it?

[Holyschnikes]

Great post...much appreciated. I guess I just don't have any warm fuzzies for the ec right now, plus how do they afford to keep fighting. I assume their attorneys and accountants are charging for their services......how long can this keep up...? I really believe thats part of Rosen's and JPM game plan, just keep kicking sand in equities face until everybody is worn out, or to broke to continue fighting.

[Zilla]

This weekend has CEMENTED my WILL to see this to the end. I trust the EC. I don't know Joyce, but from some posters here I'd say we're in good hands.
TPG we use to talk about and I've heard a very good explaination as to why we don't hear from them. They will still have to do business with JPM and any others involved in this mess.
I'm so glad about the date of record for the shareholder meeting. I will be attending and voting TOGETHER with my fellow LONGS.

A most EXCELLENT POST! :)

[wamuvoodoo]

shifT if you recall the court hearing on the approval of the ec by the judge,when kross spoke about time and money factor(LEGAL FEES) to rosen ,he STATED TO ROSEN THE QUICKER HE(ROSEN) WORKS WITH US (ES)HANDING OVER DOCUMENTS THE QUICKER THIS WILL GET DONE...ALSO WE HAVE TO KEEP OUR FEES DOWN REMEMBER,SO ROSEN KNOWS THIS THE MORE TIME HE WASTES ,IN NOT KEEPING THE EC IN THE LOOP IT WILL BENEFIT HIM ,HOPING THE JUDGE RESTRICTS THE AMOUNTS OF MONEY TO EC'S LAWYERS,REMEMBER THIS WAS THE BIG THING WHY ROSEN DIDNT WANT THIS EC THE MONEY FACTOR FOR LEGAL FEES...ROSEN IS A SNEAKY SLIM BALL ,I MEET HIM FACE TO FACE 2 TIMES ...

[wamuvoodoo]

SHIFTAZ IM GIVING YOU THE GOLD STAR....RIGHT ON THE MONEY GREAT POST THE SAD THING IS ROSEN /JPM ARE PLAYING WITH THE HEADS ON THE WEAK SHAREHOLDERS

[YourPlanet]

Excellent post!!
in the following you say;
"70% of 2.6 = 1.82 billion… they’ll find some way to make themselves look like angels to the judge by giving the commons this amount.. don’t let them fool you. remember… jpm has been through this once already and they know what’s going to happen. bear stearns was $2 per share, then $10. this time it’s not $2 per share… its $0, then $2.. then… "
you are implying that commons will get the 1.82?
From the proposal it makes sens, since only equity can get the NOLs...

[cents2ks]

Very Nice Summary, thank you and we will be working harder than ever to be sure that just compensation comes to wmi equity. We need a valuation hearing and we need to remember that whatever that valuation reveals, it can be increased exponentially by PURSUING the claims against JPMC and the FDIC to the bitter end, these people are GUILTY, they know it, and The DEBTORS and their current lead counsel know it. WE, equity, need(s) to be clear to them that we will not roll over and play dead for nothing, that we will NOT go away until the LITIGATION against JPMC and FDIC is pursued to the fullest extent of the law, or fair and just compensation is offered by those two entities and RECEIVED by WMI.

IMHO,GLTY and ALL.

[holdemTim]

excellent post, very insightful. I'm glad you're on our side. I am learning so much being involved in this. Thank you.

[bigrow]

Bump !

[xoom]

EXCELLENT POST ......7 STARS....PLEASE READ.....

[ub2]

If my emotions were a raging sea because of last week, they (my emotions) are as calm as tranquil lake.
Thanks for that awesome post, lets rock!!

[tpg]

WOW,Excellent work.I am impressed.

Thanks and keep united

[rob3115]

Outstanding post and I agree 100%. The old saying ( United we stand, devided we fall ) holds true in this situation. All boards and learned posters must come together and educate those of us who are not so skilled trading "Q" securities. GLTA
DiamondRob

[dragon52]

Awesome post and great points... eom

[rramirez82]

This is an excellent articulation of the past week's events. I wish I had more time to analyze and theorize with you but I just don't.

I hope the EC and UST successfully keep this proposed settlement from going forward. I would much rather see A>L and a new BOD elected so that WMI stays on course for trial against JPM/FDIC as oppose to seeing Weil and the current BOD sell out for some back alley deal with JPM and the FDIC. We need to cut our ties with Weil and any of the other tainted entities working on behalf of the estate. After seeing JPM/FDIC/WMI's true colors, I wouldn't be satisfied with a settlement. I want this to go all the way to trial while the US Department of Justice investigates all parties for criminal activity. People need to go to jail and examples need to be made so that the American people don't lose faith in our legal system, financial system, and ultimately, our government.

I've been long and strong since I picked up my first share almost a year ago. I'm hedging my investment this week out of sheer precaution but plan to retain a relatively substantial interest in commons within my portfolio.

Good luck to you and thanks for sharing your analysis.

-RR

[bluebird50]

Did we get an answer to this?

"we have walrath and the ec, but let’s not forget that we have also have the us trustee. we we’re blessed that his quick actions saved us. does anybody know if settlement has to be approved by the us trustee or is it just looked at by him? "

[Alayna Hall]

Thank you for the insightful post. Yeah I was caught up in the frenzy but I didn't sell all and after I came onto this board, I was reassured to not sell!!! I'm still learning but with ya'll help and researching...I am not giving up!!!

[Cashbuilder]

Nice summary Shiftaz:

my question then , with so much hindsite, can you provide all board members here with insight and what they can expect the next go around.

Too many times to count here that well executed and well explained after the fact speeches tell everyone what just happened when the pps fell off a cliff. What I'm looking for in a crystal ball is someone who can put together a well thought out plan of attack before everyone gets nailed to the wall, not afterwards as it has no impact then. Nice job.

Nash

[Zilla]

I've been going into our past to better understand things. :-)
I really like the reasons why 3/3/10 was the date set for voting a new BOD.