Mr Cooper Group Inc (COOP)

[hotmeat]

Did you like me see WMI'S game plan from that link? As I have been sayin all along shares cannot be cancelled if they want to keep Nol. The order to restrict change of share ownership to below 5% is required to preserve Nol value. If they planned to cancel commons they would not have used the bankruptcy option, debt would have been cancelled and this gain would have been used to add value to the company. IRC Sect 382 was adopted to prevent transfers of Nols but this was changed by paulson so a buyer can purchase WMI to get 100% of Nol value and this is best bet now since WMI has substantial non business assets(cash,convertable securities) which will affect its valuation. If a larger entity buys or merges with WMI the non business assets in the new entity will be less than 1/3 of total assets thus allowing Nol to remain intact due to change to IRC 382. As of now a buyout would be most beneficial to JPM, WFC etc but it must be done before loophole is closed. I suggest all boardmembers take the time to carefully read this whole article. Great info.
Thanks romang.