Replies to post #324125 on Mr Cooper Group Inc fka COOP

[Bizreader]

YES and Ilene asked Susman personally last year outside the courtroom if there was enough money to pay stock holders. His answer was "absolutely".

[drkazmd65]

Agreed. It would seem to me that since the Preferred stocks are not that far out of the money as we stand - then the creditors are getting most, if not all (for most classes) of what they are theoretically owed?

Add in increased NOLs, a full return of 'our' tax returns (plus interest) from JPM and FDIC, dismissal of claims that (theoretically) fall outside of WMI (the WMB bondholders for example), and FJR rate adjustments for many, if not all of the Hedgies - or outright dismissal of some of their claims,...

Any, or all of this financial 'goodness' happens and it would seem that it would happen with the creditors and bondholders already being paid off, or nearly paid off now.

Thus - wouldn't any other windfall go more or less directly to the equity classes?

[SAPer]

I am not saying they wouldn't be paid. I was just trying to say that there are other players that could throw a wrench in a settlement like TPS did a few weeks ago.

BWDIK!