Mr Cooper Group Inc (COOP)

[Large Green]

Newflow, you posted the following: Thanks for sharing, and now look at what BP, Tako posted on BP and I have placed under your post below.

ARTICLE XXX

IDENTIFICATION OF CLAIMS AND EQUITY
INTERESTS IMPAIRED AND NOT IMPAIRED BY THE PLAN

30.1 Impaired and Unimpaired Classes: Claims in Classes 1, 4, and 7 are not impaired under the Plan. Claims and Equity Interests in Classes 2, 3, 5, 6, 8, 9, 10, 11, 12, 12A and 13 through 22 are impaired under the Plan.

https://www.sec.gov/Archives/edgar/data/933136/000090951812000087/jg02-2712_8ke21.htm

FROM BP Tako: Thanks Tako for sharing. You sure are a numbers Dude!

In my opinion there is no need to the escrows any more
We received 200m shares of WMIH at 2012 turned to be 17m shares of COOP after split that’s including 5% went to creditors
If COOP real value is $1000/share then we legacy shareholders and the creditors receive 17b recovery

Underwriters receive 7.2b plus (no wonder they vigorously fought for it)
Why COOP real value should reach $1000 ?
The answer is ..COOP should own 17.5% of the net worth of the company which is 5.25b (including treasury stock) out of the found value of 30b
That 30b grew to 411b as of 12/31/2022

The max value COOP stock should reach from the holding company assets is $125/share and in my opinion the rest should be realized from XOME’s assets after merging it’s assets with the holding company

Ironically IHUB just discovered and started lately to question the ENCUMBERED assets which we had more than 2 years discussing it on BP
By the way the brake down of COOP’s assets including NSM reported at 12/31/2022 as follow

ENCUMBERED assets =327.4b
UNENCUMBERED assets = 83.6b ..AIMHO
Good luck to all ..Tako



...