Mr Cooper Group Inc (COOP)

[hotmeat]

To illustrate what I meant......using approximate figures.


After the bankruptcy filing WMI retained assets under it's control which IMO was comprised of....1) The Cash Deposit, 2) Tax Benefits and 3) Other Tangible Assets (OTA).

The debt owed to Creditors was ~$8B and once that was paid all $$ after that would go to Equity.

The Cash Deposit was $4B and the Tax Returns was about $3B, thus leaving the Debtors with a ~$1B shortfall.

IMO, the OTA's were worth a lot more than $1B but BR instead sold these assets off cheaply via the 363 sales for just enough to cover the Creditor debt and Estate costs.

If those assets had been sold at a fair price there could have POSSIBLY been a $1-$2B surplus that could have gone to Equity.

This is why, IMO, he didn't want the Examiner snooping around and finding this value...it would have prevented them from carrying this out.

As for Safe Harbor assets, I have never seen any credible evidence of such so as far as I'm concerned they do not exist.

For these reasons I do not think our Escrows will receive any payment....those like sera claiming I now believe otherwise need to read more, and comprehend!