Mr Cooper Group Inc (COOP)

[LuckyPanda]

Actually, my 100% payback value came out to $142 billion. I just assuned between $60 to $80 billion as a conservative assumption, based on all the uncertainties that I addressed in my post.

With regards to 75/25 split with no caps on preferreds, I agree with you on the language of the confirmation on everything that is liquidated by LT. The interesting question that AZcowboy brought up is that thay uncapped scope only applies to all the assets listed at the confirmation that the LT had access to plus potential wins from 3rd party lawsuits.

However, the hidden value being returned from the portfolio at FDIC safe harbor, was not in the scope of the confirmation assets, and those would just pass through the LT and be distributed with capped preferreds and uncapped common.

Again, I do not know if this interpretation is legal, but it does make some logical sense. I dont know. I'm hoping someone on the board has access to legal opinion and can shed some light on this intrepretatiin