Mr Cooper Group Inc (COOP)

[ron_66271]

Monday is March 19th,

"On March 19, 2012 (the "Effective Date"), the Plan became effective and certain of the Debtors' assets were transferred to a newly formed Delaware liquidating trust (the "WMI Liquidating Trust") as further described in the Plan. To view a copy of the Form 8-K that was filed by WMI (which changed its name to WMI Holdings Corp. on the Effective Date) with the SEC on the Effective Date, please click here."
http://www.wmitrust.com/WMITrust


"Consummation of the Merger is subject to various conditions, including, (i) the adoption of the Merger Agreement by the holders of a majority of Nationstar’s outstanding common stock; (ii) the approval of the Share Issuance by a majority of all votes cast by holders of outstanding shares of WMIH Common Stock and preferred stock (voting on an as-converted basis in accordance with WMIH’s amended and restated certificate of incorporation); (iii) the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (iv) obtaining required regulatory approvals as specified in the schedules to the Merger Agreement without the imposition of a condition that would have a material adverse effect on Nationstar and its subsidiaries, taken as a whole, following the Merger (“Burdensome Condition”); (v) the effectiveness of a registration statement on Form S-4 relating to the Merger; (vi) the approval for listing the WMIH Common Stock issuable in the Merger on the NASDAQ Global Select Market, subject to official notice of issuance; (vii) there being no law or injunction prohibiting consummation of the transactions contemplated under the Merger Agreement; (viii) subject to specified materiality standards, the continuing accuracy of certain representations and warranties of each party; and (ix) performance by each party in all material respects with its covenants. The receipt of a tax opinion from WMIH’s tax advisor that there should not have been an “ownership change” (within the meaning of Section 382(g) of the Internal Revenue Code) since March 19, 2012, and the Merger, taken together with the other transactions contemplated by the Merger Agreement and occurring on the closing date, should not result in such an ownership change, is a condition to the obligations of Nationstar to consummate the Merger. The closing of the Merger is not subject to a financing condition."
https://www.sec.gov/Archives/edgar/data/933136/000119312518045989/d539539d8k.htm



https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139037797

AZ is Correct Regarding WMB-NOLs

The NOLs from the WMB Stock Abandonment will go away just as James Carreon of A&M said in Court Testimony to THMFW. AZ is Correct because that is what the record states.

~$5.85B in NOLs form WMB Stock Abandonment is removed when "the Final Payment" is made for "WMB and its assets" as a Capital Gain offsetting a Capital Loss. CL = CG, NOL => Zero.



The Losses generated from events like DBNTC $3B is subtracted from WMB's valuation as a Loss. Creating an NOL.

Said $6B in NOLs;

X = $6B/.35 = $17.14B Loss from events like DBNTC $3B to generate a $6B in NOLs.

Events like DBNTC $3B is 1/5.7 ratio of the $17.14B.

DBNTC is Trustee for $165B.

Therefore;

$165B * 5.14 = $942.86B in WAMU RMBS Portfolio that generating $6B in NOLs.

One original WMB Stock Abandonment NOLs will be replaced by the RMBS NOLs when "the Final Payment" is made for "WMB and its assets".


NSM is talking about the RMBS NOLs that will be realized with CIC, and "tFP".

WMI-WMIH, both told the 'truth' for different reasons.


HLCE,
Ron