Replies to post #192449 on Mr Cooper Group Inc (COOP)

[SlyOne]

Yes, thats great.

But as POR the stands, equity has no class status in this case. Thus, no standing.

This is not what I want to write. But changing the BOD, does not change the POR.

If we change the BOD and dont change the POR by 5/26. WMI may lose exclusity on Reorg. Now, JMW may extend this time. But, Our competitor the creditor committee could submit thier own POR, which would clearly wipe-out all prfd and equity. So, those who think no approval of the POR by 5/26 is good news. NOT REALLY, It's bad news.

If things dont change soon! Equity will get zeroed out.