Replies to post #310460 on Mr Cooper Group Inc (COOP)

[WithCatz]

I think you're as close as we know the situation to be. I don't have any heartburn with what you've wrote ;)

[juju6eight60]

someone said that one of the most damming things that the HF would have is the Value of the reorg company. Judge posited 10b based on her findings. so you can use a multiplier on that or take it at face.

so it is not only IT info that we are after!

[PickStocks]

Although it would appear that SG is ramping-up with the intent to extract damning information from the HFs that could be used to attack the 'fair and reasonable' aspect of the GSA, I think it's a stretch (at this time) to conclude that the HFs are in possession of such information.

for three years Rosenbutt has stated there is no money for equity, no money for equity. No money I tell you.....

Then lawyers for equity throw out a number of 30 billion value. Rosenbutt does not believe this.

During confirmation, we talk about giving things aways, there is no value and to best interest of the company wipe out equity.

However, if you go back and listen to all video, tapes and papers, where is the actual audit. Why has there been no offical audit of value.

HF's are now back against the wall. Well we have money now, we can give some to equity.

If equity gets any money, look for people to go to jail, more money appear than we realize. You can mis-lead for only so long until someone asks the right question and then what do we have.

Next friday can be a big day if we reach it.

[marayatano]

Bottom-line, it would appear that there's really no solution to common's dilemma without a massive monetary contribution on the part of JMP; one that would result in TPS, and the Blackhorse consortium receiving some substantial percentage of FV.

Here is one solution to TPS wanting FV:

Re-float them as preferreds rather than conversion to new common.

This gives them Full Face Value (equivalent), adheres to Absolute Priority, etc. All this without anyone or other settling party contributing anything more.

all is happy.

imo of course.