Mr Cooper Group Inc (COOP)

[warcton]

$32.5 Billion NOL- Examiner

Page 146.
....federal income tax refunds based on WMB's 2008 yet-to-be-calculated $32.5 billion NOL(which was generated by the September 25. 2008 Receivership sale itself as opposed to a 2008 operating loss)...

There it is, $32.5 billion NOL.

The Examiner goes on to say that WMI wouldn't be able to utilize the entire NOL based on the "plan" to reorganize WMI with retained equity investment in WMMRC.

The Examiner failed to include projections of the value of the NOL's based on a merger of the reorganized WMI with another company.


I am just now reading the tax sections of the report. I had previously skipped them because it is a lot to digest lol.

One thing to note is that the footnotes all reference Blackstone as the source of information of WMI's assets and taxes.

We will, hopefully, soon see what Susman et al has been working on to dispute the Blackstone figures.