Replies to post #219332 on Mr Cooper Group Inc fka COOP

[ABIGIDIOT]

Leeb....i posted a couple different times yesterday about the speculative nature of any comments re: settlement.

i will say it again, still. i am not so convinced that the "resolution" that THJMW is referring to, is regarding settlement per se.

i think she is talking about myriad other issues.

[drkazmd65]

It may be speculation Lebosco,... but it is a logical thought on your part, and the kind of reasonable speculation I like to hear.

I'm as in as I am going to get, and will either get nil, break even, or march off happily to the bank with my current load of shares.

It might still be gambling, but I like the odds and the payoff.

GLTA and have a great weekend.

[Yanik]

I think you might be onto something, but who knows. What I do know is that for all of them to be in chambers for that long period of time means something beyond and examiner/discovery motions. It has to be. Susman has the upper hand and I think he maybe brought something out in chambers than will shorten the Rosenturd drag out forever timeline of the case.

I added more prefs and commmons yesterday and today. I dont know when it will end, but ive been slowly adding for a long time.

a 10-24$ pps payout in commons and full face of prefs will make me very happy.

[dmceng]

Lebosco

What is supposed to happen starting on Monday.

TIA

Take Care
David

[GoPhins]

I think you've hit the nail on the head. SS must have found some money somewhere and when he showed it to BR he looked at his fellow attorney (and ilenes) and smirked cause he was disgusted that SS found the money. Then SS went into chambers and and showed the evidence to the court and all of the other attorneys. Thats when all the texts came about "talking about the examiner" and "they should have held out for more". Now they need to go back to the negotiating table and redo the numbers if this evidence is legit, hence the meeting on Monday. THJMW stated at a previous hearing that she will not make a decision on a POR if it isn't presented to her before July 1st, so I'm guessing the resolution she is referring to this time is an amended POR/DS. IMO obviously.

[rramirez82]

That's damn good speculation Lebosco. Thanks for the insight.

[XOM]

Loeb&Loeb "should have held out for more" (WAHUQ)
This is just a WAG based on bluebird50's original hypothesis, but bear with me:

1. According to ilenes,

"Another poster on one of the boards and I were talking during the recess and an attorney he spoke to told him that one of the creditors (I thought one of the noteholders) said "they should have held out for more" [1]

2. Wells Fargo filed claim 2134 re. WAHUQ issues (FV $50, settled for $34.319). Here is the excerpt from the claims list:

Wells Fargo Bank National Association as Successor Indenture Trustee and Successor Guarantee Trustee
Attn Walter H Curchack Esq
Loeb & Loeb LLP
345 Park Ave
New York, NY 10154 [2, 3]

3. Vadim Rubinstein and Walter Curchak from Loeb & Loeb signed in at the omnibus hearing yesterday. [4]

[Update] WAHUQ matures in 2041. THJMFW ordered the original claim be reduced from $1.2B to about $790MM (aggregate of original discount value; see Source [5]

Sources
[1] http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52102576

[2] WAHUQ Board (read iBox)
http://investorshub.advfn.com/boards/board.aspx?board_id=14346

[3] Order re. Proof of Claim 2134 by Wells Fargo Bank, N. A., as Indenture Trustee
http://www.kccllc.net/documents/0812229/0812229100128000000000011.pdf

[4] Virtual Minutes of Hearing Held on July 8, 2010 re: All Matters Continued to July 20, 2010 at 9:30 a.m. (Image Not Available)
http://www.kccllc.net/documents/0812229/0812229100708000000000007.pdf

[5] Debtors' Objection to Proof of Claim Filed by Wells Fargo Bank, National Association, as Indenture Trustee (Claim No. 2134)
http://www.kccllc.net/documents/0812229/0812229091218000000000013.pdf

[clawmann]

Lebosco: good theory. The only part (minor) that I believe is highly questionable is about someone texting from chambers. A meeting in chambers between a judge and lawyers is highly confidential. I doubt anyone pulled out their mobile phone or PDA while in chambers.

[dannoninvest]

I thought months ago that the judge stated one class settled.