Replies to post #292425 on Mr Cooper Group Inc fka COOP

[tombrady12nh]

Well-let's just wait and see-hopefully we will have some fun next week. thnks

[Lawrence 147]

Mordicia; this is what bothers me about the wording of the article. Gives the shareholders control of the company after the company exits bankruptcy. Wouldn’t this tell the court that Equities money is being held hostage for the benefit of some entity that is undeserving. To me giving Equity control after the bankruptcy is akin to holding a child hostage and no less criminal in its very nature. It would also seem to me that the only win possible comes with the Equity having control of the estate and its future litigations. So is it logical to conclude that with future litigation back in the mix for anyone to get their release they would need the cooperation of the EC? Hence the EC is for all intense purposes in control now.

[Desperado90]

I share your concerns but IMO, even if the GSA is not modified or remains as is we would need a modified plan and new disclosure statement.

Therefore, if there is a new plan and new disclosure statement with a new waterfall analysis then I would assume that the GSA is dead because, the news gave us some hints.

For the hedgefunds to have agreed to the creation of a litigation trust clearly shows that since the amended GSA excluded the hedgefunds they have settled with Equity, leaving the debtors, FrauDIC and JPig at the mercy of a massive discovery request.

Remember, the hedges know all the details of the negotiations and could have actually provided the analysis of WMMRC and other non-debtor assets to EC to get their releases basically throwing the debtors under the bus.

Your more savvy about legal issues but I do a lot of analysis during the negotiations there's no way the EC would have given up anymore concessions when they had them by the balls.

Am confident that the hedges basically threw everyone else under the bus to get their money and interest and releases.

GLTY.