Replies to post #238700 on Mr Cooper Group Inc (COOP)

[Joshfm]

If a settlement has already been reached why is the EC trying to get a shareholder meeting?

[MasterBlastr]

EC Chairman Willingham only owns Commons, so it has to include commons or he would advise his attorney to tell them to “stick it where the sun doesn’t shine” and lets go to the Examiner report.

I don't think an EC member can argue his personal interest here.

[marketguru35]

That is a great Post. One of the best I ever read. Thanks for taking the time.

[drrugby]

FSH, I find your theory plausable.

GO WAMU..

DrR..

[shawnmac64]

Do we know for sure that the comment they should of held out for more was made ? Because that certainly would indicate some sort of agreememt. However one hole in your theory is why let the examiner in ? Just to get a valuation ?Not worth the risk for high players.I just dont see it . I wish it were true. It was an fantastic post.

[Nightdaytrader]

fsshon, I read later on Yahoo that the statement, “It is over” (statement by Susman to Matt or Soto, lawyer on Yahoo who phoned Steve and talked with him )." wasn't true... Another reputable poster called Susman who denied he made that statement....... It's late and I can't do it now, but maybe tomorrow or this weekend I'll try to find the link...

Hard to believe with all the lawyers and parties involved, word of settlement hasn't leaked out and thus, share price would reflect the leak....

Hmmmm, interesting theory... will have to give this some more thought. Thanks for all your posts..

ND9

[xoom]

Excellent post Fish...

In the A&M billing, they have a reference to changing the DS, why would you change the DS (especially since THJMW has told them not to, unless you have an agreement between equity/others and yourself? THINK ABOUT IT! Why change the DS while the examiner is working.

I had been thinking about this...so we do have something cooking in the background....

JMHO
GLTA

[wisdom_kz]

Good Read, Very Wonderful Post!

[evo09]

always love to read your post.
GO WAMU!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

[Emptyhead]

I don't believe the common will get anything in the end. Your thoughts are extreme and seemingly far fetched. But then again it is possible.

[DISCO67]

DON,

YOU HAVE SUCCESSFULLY DUG THROUGH A PILE OF NUTS AND BOLTS
TO FIND TWO CARS--- A ROLLS ROYCE AND A VW.
YOUR THEORY HAS CERTAINLY PROVOKED AS MUCH THOUGHT
AS ANY POST THAT I HAVE READ.
THE EXAMINER'S REPORT WILL DETERMINE WHETHER ITS
THE ROLLS OR THE VW.

THANK YOU FOR ALL YOU DO !

DAVE

[Gmenfan]

Excellent post Don ( as usual). I believe, as I think most here do, that the final outcome now rests on the examiner's report. Hopefully all parties agreed to negotiate based on the results of that report.

[hestheman]

fsshon.....excellent post. It sure does seem to all add up IMO. I hope you are right on track with your theory and the deal is done. We just have to get through this short waiting period to find out if it is truly "over".

[WithCatz]

Fish, regarding the "it is over" comment.

I thought that context of that discussion, by the shareholder who spoke with Susman, was talking at that time of the McMahon 'discovery' that he was leaving. And the 'it is over' was in relation to McMahon was leaving -- as in "let this drop, it's a done deal".

At that time, it was highly doubted that Susman would have breached the confidentially with a shareholder about the case itself, something as big as is being inferred, IMHO erroneously, as 'it is over' = case is over.

To breach that confidentiality, by a lawyer the stature of Susman, is unfathomable to me.

Occam's Razor - the context, IMHO, was about McMahon leaving, and the comment relates to that.

...Catz

[FORTY-8]

To fsshon: this is the most magnificent work you have ever contributed to this board in my 12 months here. It's wonderful! I'm going to take the weekend to crawl through it and think about ever sentence. Thank you for this!!!!

[STRIKEEAGLE]

Great job Don... as always!

I have thought for a long time now that somewhere in a dark place, is the Asset List. Hidden so that JPM and the FDIC could pull of this heist. I kept telling myself there is NO WAY "someone" does not have this list. Of course the list exists... and not hidden anymore.

As a result of this case lasting as long as it has, the many obvious questions had to surface. The most obvious to me is how could $1.9 billion be a "current fair price" for WAMU? Despite the liabilities on it's balance sheet!

Susman / Nelson / Soloman / Hochberg have the list... so do JPM and the FDIC... the details of the settlement have been in the works for some time now and will be put to "ink" as you say. I believe, sooner than later, and without the need for a trustee.


AIMHO

[half-full]

Hello Fsshon and board. I'm a long time DIMEQ holder that has turned into a WAMUQ holder also thanks to this board.

Don, what about on 8/24/10 when THMJW questioned whether JP Morgan Chase had an asset list and he went on to say no? If she had seen the list in her chambers, wouldn't she be aware he was lying in open court and do something about it?

http://www.sidedraught.com/stocks/WashingtonMutual/Walrath-CourtHearing%5b08242010%5dAudioTranscript-Courtesy%20of%20DanBB-iHub/mp3/Walrath-to%20JPM-You%20Dont%20have%20documents%200242010.mp3

I find your theory plausible and after listening to the above clip, I also believe it's possible that the JP Morgan lawyer may have skated on the edge here by anwering that they couldn't find that particular asset sheet that was requested. He wouldn't state that they didn't have one.

Greg

[Bizreader]

Hi Fish,

As you outline in your post, to which I am replying, Solomon has been around for months and months and they know who to evaluate and monetize corporate assets. It is what they do. Susman has the Solomon opinion and has definitely shown it to the judge, THJMW, imo as well as yours. We agree.

That has forced the debtors and JP Morgan Chase back to the drawing board.

THJMW: "Quite frankly I've found that the litigation process is not adequate in this case. There have been inordinate delays and impediments to discovery by all of the parties who have a stake in this case in connection with the confirmation process and that has just convinced me that an examiner is necessary, both to reduce the cost of litigation and to assure that all parties have a forum through the examiner for consideration of their positions. Not simply on the merits of the global settlement but on really the value of the Debtor's assets, both those being settled and those left behind, and the appropriate distribution of those assets under any Plan. " said by THJMW.

(I wish our judicial system had a tool to get to the bottom line without waiting for the BK company and its lawyers to reveal the assets! )

Yes, again the statement "It's over." probably means the squirming around that snake Rosen, et al. were doing is over.

Now, the Examiner, then to finalize the decision, the Trustee, so that JP Morgan and the FDIC take this court seriously!

Block heads!

eom

[gophilipgo]

I think you raise a lot of good points, but if a settlement had legitimately been reached, there's no way the Ks and Ps would be where they are right now.

[jpm_sux]

Fish - Fenominal! Thanks! eom

[xoom]

Fish,
You have me hooked onto this post of yours...
excellent post...tending to keep coming back for more.. lol

[LuckyMe77]

Why isn't this post a sticky yet?

Shame on the mods here....