Mr Cooper Group Inc (COOP)

[ptolomeo]

Don't take me seriously but:
- If SNH are proven to be guilty of insider trading charges, then FJR would be applied on them and that would make a waterfall on the hundreds of millions to the preferreds.
- The problem with the NOLs is that we cannot tell what number can we apply as you have to take into consideration wether the new company is going to keep 51% of equity (no ownership change) what could make NOLs go up to the 17 billion $ figure Tricadia showed last December, or the 5.5 billion one.

30% of 5.5 billion is 1.65 billion $ (not enough to fill the preferreds) but 30% of 17 billion would be 5.1 billion, what would fill all preferreds and spill something to the commons.

It's hard to tell where are we heading now. We have that 54 billion bogus claim that is a life-insurance for debtors plan. We should get rid of that claim as soon as possible and then we could make singnificant improvements.