Mr Cooper Group Inc (COOP)

[hotmeat]

QUOTE: "During the quarter ended September 30, 2018, the Trust incurred operating expenses of $1.5 million. Based on the approved budget and current conditions, management estimates total expenses for the remainder of the Trust to be approximately $14.2 million."


Using an average quarterly operating expense of $1.5M and a budget of $14.2M till the LT closes,...they intend to operate the Trust for about 9.5 quarters ie 37.5 months (or less) from October 1, 2018.



NOTE: With the close of the employee claims litigation, their quarterly operating expenses should be much lower than $1.5M.