Mr Cooper Group Inc (COOP)

[Andyg59]

Yes the old capital structure has to maintained and be in compliance with the IRS Provisions for the NOL in order to file a claim to use it on consolidation. The old structure does not equates to the new structure as a result of the merger activity including the change in ownership due to those shareholders who did not sign timely releases as you pointed out. An allocation of old shares to those shareholders who signed timely releases would make sense. To restore the old capital structure with an infusion of value to existing escrow holders will require a significant dilution to take place if they are to comply with the IRS NOL Provisions. Since the merger activities are proving to be profitable this is a trigger for addressing the NOL issue.