Replies to post #390910 on Mr Cooper Group Inc fka COOP

[bkshadow]

"A" with adjusted explanation...

MW and ES were ecstatic with what they achieved (control of WMIH BOD, control of LT subcommittee, seats on WMILT, and $75M of seed money), they weren't lying about it. However, almost to a fault, way too many shareholders 'saw more than what was actually there in the above.

MW really shouldn't have allowed that quote, and SG shouldn't have hosted it, in an ongoing representation and relationship with the LT subcommittee. IMO.

So, why would MW and ES be ecstatic with the above described result? Well, they had already had the equity clocks cleaned by every player, politician and the system, and after the 1st confirmation denial that also affirmed the GSA, equity was dead in the water. So, to go from that, to the above 'win per MW and SG, was a good outcome from their perspective.

Prior to that point in time, you'd have to ask SS why the firm never ponied up with the appropriate in house talent to support ES (who is and was very good) and the others on the EC team. I am sure that will never be answered.

Prior to SG, you'd have to ask MW why, over the purported objection of Joyce, he terminated the bankruptcy firm Ashby Geddes in favor of 'no immediate replacement (Dewey Ballantine, conflicted out, then SG, potential conflict). I don't know if that will ever be answered either.

Again, MW and ES weren't lying, IMO. They really believed the above was a big win from where they thought they sat. They weren't clueless either.

***I'll defer to B) and take the hit if something huge turns up. So far, 1-8 haven't materialized.

1. SS/MW will announce a merger before emergence and the stock trades.

2. SS/MW will announce a buyer for the NOLs before emergence and after the stock trades.

3. WMIH will issue $5,000,000,000 in preferred stock before before emergence.

4. WMIH will issue $5,000,000,000 in preferred stock after emergence and the stock trades.

5. WMIH will buy DELL for use of its NOLs.

6. DELL will buy WMIH for its NOLs.

7. WMIH will buy Goldman Sachs reinsurance unit as part of a deal with WMILT.

8. WMI Holdings (WMIH) To Purchase Bank of Marin Bancorp (BMRC) Within The Next 60 Days Predicts Accurate Sierra World Equity Review. Big News Coming To Shareholders Of WMIH Forecasts Sierra, Enjoy The Ride! June 8, 2013.

The current FHT:

9. WMILT and WMIH will finally get even as the DOL holds JPM and the FDIC accountable while dealing with the toxic mortgages WMB sold to the GSE's.

[PickStocks]

A, MW and ES lying through their two front teeth.....