Replies to post #295664 on Mr Cooper Group Inc (COOP)

[talkoption]

I think if the creditors sign off and agreements are in place that WMI could walk out of bankrutcy as they freely went into bankruptcy.

Even if they are prohibited from leaving BK the judge will not delay the motion and the parties involved have all stated they want to wrap this deal up. These efforts have been hashed over so much that the paperwork is all but done except for some elements of value.

We heart 2nd term sheet so I would expect this is done in July and maybe sooner as the need to stimulate the economy is important.

Fall politically season is approaching.

Shorts may think they have time but the hammer will fall unexpectantly and the shares will have to be tendered for the new company and all the uncovered positions will be left in the lurch facing legal suits.

Damages should be expensive and most likely the law firms are aware of this mop up work also.