Mr Cooper Group Inc (COOP)

[iPrelude]

new Co will be between/around

342,857,143 + current outstanding shares = 545,000,000 shares { 8.37B OL + 5,96NOL + ( current cash in wmih + reincorporated cash ) }

266,666,667 + current outstanding shares = 470,000,000 shares { 8.37B OL + 5,96NOL + ( current cash in wmih + reincorporated cash ) }


the hability to convert OL into cash is the key, NOLs are much easier to convert IMHO

maybe New Co could also buy OLs + NOLs from others at a hard (no less than the received) discount... to leverage and grow in size

if we consider $600,000,000 (could be more or less) converted into new Co shares, and (around) $75,000,000 current WMIh cash; new Co would look (a share) like this

between

545,000,000 shares { 8.37B OL + 5,96NOL + ( current cash in wmih: $75,000,000 + reincorporated cash: $600,000,000 ) }

{ ($15.377 OLs + $10.83NOLs + $1,22 cash) a share }


470,000,000 shares { 8.37B OL + 5,96NOL + ( current cash in wmih: $75,000,000 + reincorporated cash: $600,000,000 ) }

{ ($17,80 OLs + $12.68NOLs + $1,43 cash) a share }

IMHO