Mr Cooper Group Inc (COOP)

[boarddork]

Is it possible (under Unconsolidated Sub reporting rules), That the reason it appears as disappeared, is something about the Bankruptcy process, allowed them to therefore establish $300 million as "historical cost" or "purchase price". Like setting your computer back in time.

in other words, truth in Actual numbers, is allowed to be hidden behind some beginning, meaningless, basis number derived from BK.

Payment owed to DTC tracking marker holders is a liability to a newly re-oprganized WMIH/COOP when WMIH reunites with its legacy assets - mostly due to those who released....especially, if these values are >$20B... WMIH would look bankrupt again, and would be on the OTC still.

So if they pushed these certain bankruptcy remote liabilities, legally off the current COOP books as "Unconsolidated Subsidiaries", then WMIH/COOP looks much healthier as an ongoing enterprise. (Assuming 3rd party trustees haven't disbursed 12 years accumulated interest yet, as our DTC markers are still valued at zero today.)

But what happens if the 3rd party trustees disburse those 12 years accumulated interest? It seems WMIH could keep claiming "historical cost" and playing the same shell game....

It seems we need a way to force WMIH's hand when that time arrives. Although I'd think something this crucial wouldn't have been missed by Susman et al.