Mr Cooper Group Inc fka COOP

[bkshadow]

AZ, I believe the NOL was the 'target value of WMIH...

...and honestly nothing else.

...the IRC Section 382 Limitations on a Change of Control of more that 50% by the 5% shareholders within the measurement period would, under the proffer, make the entire NOL voidable to the acquirer.

...I truly believe the NOL had the only value post emergence, plus the $75M pocket change from the AAOC, and not the useless LOC.

...in the above light, I can't agree with the following.

~ BK, I Disagree', KKR or Another ?', Could Have Simply Bought the Reorganized Company, at the time being called WMI Holding Corp., ... Lock Stock & Barrel, for a whole lot less', and for a whole lot less need for all of the twisting' ~

...if it wasn't for C-19, and the decrease in interest rates, COOP wouldn't have taken such massive hits to the Valuation of its Mortgage Servicing Rights.

...without those losses, COOP would have reported massive total income and the PPS could quite possibly be 2 to 3 times higher.

...but, C-19 hit, massive economic hit, forbearance impact, interest rate bottoming and to continue, and now social unrest.

...so, I believe we have "just COOP."

...I seriously don't believe in the concept of Safe Harbor for WMB as there were securitizations in process at the time of seizure; if they were they would have had a outstanding Prospectus.

...also, the concept of Safe Harbor for "previously issued MBS" as some believe are going to repaid to the former WMI shareholders from the owners of the MBS that bought and paid for them and have been receiving their principal and interest payments from applicable servicers, simply doesn't make sense.

...but I don't mind agreeing to disagree.