Replies to post #240015 on Mr Cooper Group Inc (COOP)

[uzualsuzpect]

Nah, Rosey will not create a POR v.7. IMO - POR v.7 will come from JH and it will look completely different than every POR BR had put out. BR dont care about us one bit.

AIMO

[umaw]

Myadad, agreed 100% talks broke down months ago and now nothing significant on the table as of late. I stated this yesterday as evidenced by the recent billings. I believe they (J.Pig, FDIC, brokered by Debtors made a paltry offer months ago to E/C that was turned down and nothing of any significance since then. JMHO.... It is, as if, they are willing to wait and gamble with the report outcome and then may make some kind of offer pending the outcome between 10/25 and Nov. 1, 2010 date. This has probably been their plan for the past month or more.

[gyspsy]

I fully agree with you with your statement: where there is smoke.....".
As to Rosenbutt to file this latest POR to "bill" again. I guess he's trying knowing full well that there will be the CLAW-BACK soon afterwards.
However what does surprise me is that he keeps finding monies somewhere to up the ante for Creditors,,,,,, I thought there is none :-)

ROFLMAO!

[swooop]

Or fish was dead on this POS POR is not much dif from the last pos it really should not take to long to change the couple thing`s. What if they say we will go whith the higher numbers and any body that flipped today will have unsettled shares.They want as many shares out of our hands as possible.Or it`s just a ploy to keep this stock from running like we all know it`s will. Good call voodoo .195 at close.

[fsshon]

Thanks Myadad, Welcome to Ihub WAMU Board.

The only way he could actually justify the submittal and subsequent mailing and drafting of a new POR, is to use a BK code that makes him redistribute the funds (IRS) that unexpectedly came in and forced them (A&M) to alert to the court as to how they will be distributed.

The compromise is nothing more than a redrafting of the GSA to include or exclude money to certain parties. Also the distribution to WMB Bondholders in the POR, should be ruled a misuse of estate money, because they still have not challenged them (Bondholders) on the Veil.

Fred was Mad! He may be a little happier NOW. It all changes on Nov 2nd. If they don't settle by then.


1007 (5) (h) Interests acquired or arising after petition.
If, as provided by § 541(a)(5) of the Code, the debtor acquires or becomes entitled to acquire any interest in property, the debtor shall within 14 days after the information comes to the debtor's knowledge or within such further time the court may allow, file a supplemental schedule in the chapter 7 liquidation case, chapter 11 reorganization case, chapter 12 family farmer's debt adjustment case, or chapter 13 individual debt adjustment case. If any of the property required to be reported under this subdivision is claimed by the debtor as exempt, the debtor shall claim the exemptions in the supplemental schedule. The duty to file a supplemental schedule in accordance with this subdivision continues notwithstanding the closing of the case, except that the schedule need not be filed in a chapter 11, chapter 12, or chapter 13 case with respect to property acquired after entry of the order confirming a chapter 11 plan or discharging the debtor in a chapter 12 or chapter 13 case.

http://www.law.cornell.edu/rules/frbp/rules.htm#Rule4002


Rosen (DIP) had 14 days to inform the court what they were going to do with the new distribution of funds. They had to "BY LAW" submit a new POR. The only problem is their POR is over 1000 pages long and growing. Unless you opted out over at KCCLCC, you will be getting that huge package by Fed-Ex..

Had to be done!! They have to inform the court.

I still think Susman Inked a deal! "I can be Stubborn sometimes"

~Don~