Mr Cooper Group Inc (COOP)

[Duyrowndd]

I remember reading about a corporate governance codicil requiring an immediate disgorgement of stock by any holder went beyond the limits and were endanger of triggering an Ownership change triggering the nullifying the NOL's.

Something about how a shareholder cannot violate the fiduciary duty of the corporation based on lack of reporting their ownership.

It was put in in 2019 or 2020 after the Nationstar/Wand merger to protect the NOL's

It required a any company that was potentially able to force an ownership change to sell (disgorge) 100% of their shares back to the company.

Few weeks after this notice the purchase of shares from KKR was announced

There is a chance that KKR had a lot more shares under management than is shown and had collected them during the finagling of the purchase of Nationstar.

Maybe they were holding a ton of Nationstar that were converted to coop under another entity. They got caught with their hands in the pudding. I would not put it past KKR to attempt a takeover of a company with a ton of Safe Harbor assets to take it private and away from the owners.

These two announced buy backs may be to complete the disgorgement of KKR and forcing them out of any future dealings.

Done this way to be under the the table and out of sight


Sorry but I remember what I read.... but don't have the docs. I even thought about saving them at the time.

Sorry for the conspiracy theory all. GLTAEscrows!