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Re: serafino1 post# 657631

Saturday, 05/29/2021 9:02:54 AM

Saturday, May 29, 2021 9:02:54 AM

Post# of 729873
Please provide a link for your statement...

Your post:

WMIH can only use the NOLS if it returns to the OLD SHAREHOLDERS the same amount of shares that they had before the bankruptcy.

The law writes: IN ORDER TO USE THE NOLS; THE NEW REORGANIZED; MUST RETURN THE OLD INSTRUCTIONS/INSTRUMENTALITIES:

ONLY THEN CAN HE USE THEM AND THEY ARE VALID UNTIL 2031.



And as I already said, COOP already converted a portion of the NOLs to ordinary NOLs which never expire.

From: https://www.fool.com/earnings/call-transcripts/2021/02/23/mr-cooper-group-inc-coop-q4-2020-earnings-call-tra/

We've converted roughly 1/3 of the DTA from NOLs associated with the WMIH merger, which have expiration dates to ordinary NOLs, which never expire, and that conversion will continue over the next two years or so



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