Mr Cooper Group Inc (COOP)

[drrugby]

Goldman Sachs letter of intent order

http://www.kccllc.net/documents/0812229/0812229090904000000000004.pdf

GS is asking the THJMW to approve the sale (price Redacted)and pay attorneys fees up to 300k$ for the following four wind projects.

With a 15 million dollar sale negotiation limit without judges approval.

Sale of wind farm assets should be in the tune of:

400-550M$

But lets play the a$$ out of you and me game:

.50$ on the dollar = 200-225m$ which would corelate to the 15m$ negotigation price of about 1%.

Wind Farm #1

Retail electricity provider Direct Energy Inc. has signed a five-year agreement with Airtricity Inc., an Irish renewable energy company.

Houston-based Direct Energy will purchase all output and Renewable Energy Credits, or RECs, from Airtricity's 90-megawatt Sand Bluff Wind Farm located 60 miles north of San Angelo.

The Sand Bluff Wind Farm is scheduled to begin commercial operation in the second quarter of 2007. Dublin, Ireland-based Airtricity plans to own and operate the facility.

Cost ~150M$ (WMI financed)

Wind Farm #2

LOCATION: Kaheawa Pastures, Maui
ENERGY SOURCE: Wind
TECHNOLOGY: Wind turbine generators
SYSTEM SIZE: 30 MW
POWER PURCHASE TYPE: As-available
OWNER-OPERATOR: First Wind (formerly named UPC Wind)
DESCRIPTION: The wind farm consists of 20 General Electric 1.5-wind turbines on a ridgeline above Ma’alaea in southwest Maui. The wind farm, on state land leased from the Department of Land and Natural Resources, became operational in June 2006. The purchase power agreement with Maui Electric Company was approved by the Public Utilities Commission on March 18, 2005.

Cost 65-70M$ (WMI financed)

Wind Farm #3
RES-Whirlwind wind farm
RES's Role: Developer, Owner and EPC construction contractor
Developer: RES Americas
Owner: RES Americas
Installed Capacity: 60 MW
Number of Turbines: 26
Turbine Rating: 2,300 kW
Turbine Type: Siemens 2.3 Mk2
Year of Operation: 2007

Cost ~90M$ (WMI financed)

Wind Farm #4
Buffalo Gap 2 is a 232.5 MW expansion consisting of 155 GE wind turbines, each rated at 1.5 MW. The facility was developed by AES Wind Generation and went into commercial operation in June 2007. The power is sold to Direct Energy under a 10-year power purchase agreement.

Cost ~250M$ (WMI financed)

Thus would explain a 100% change in stock price value @ 50% value of sale.