Replies to post #335942 on Mr Cooper Group Inc (COOP)

[mypenneys]

What about Rosen trying to swing a deal with the Judge and push his modified POR thru with Equity and the Hegies Fighting it out later since most of the bk has already been agreed on by the Bond Holders and other parties. We and the Hegies and TPS are the ones holding this up now. Can the judge move on with the bk push us out to fight with the other parties. My understanding here is very limited not into law and reading all these legal docs that I do not understand anyway, and is a waste of my time. I look for the simple to the point posts by people more educated than me.

[gophilipgo]

Large, FJR is now the decided upon rate whether or not mediation is effective. It's not something to be enacted as punishment. The judge has set this rate with her latest opinion, and it's not contingent on anything.

Secondly, assets are NOT larger than liabilities with FJR. Equity is still out of the money, even with the FJR rate of 1.8% set in stone now. It's just that equity is much closer to being in the money, and the monthly burn rate is now down to about $11 million instead of $30 million.

Lastly, as WithCatz and others have mentioned on many occasions, equity cannot take over the bus. The debtors will continue to drive the bus, unless the judge removes them, and there is absolutely no indication from her that she intends to do that. And even if she were to remove the debtors, the EC can't magically take the role of the debtors. She'd likely appoint a trustee in that case. What the equity does have at this point is a seat at the table, and they will be served, finally.