Mr Cooper Group Inc (COOP)

[talkoption]

Thank you for updating me.

I have been lurking and learning but rather new here.

Your accounting is very helpful.

What has me concern is why not liquidate the preferred? Why convert them into common shares?

This is not logical if they have funds.

I suspect the value is coming but not there as of yet so if the preferred are made into common based on their claimed % of total known assets then the preferred will get a bigger share of the company with the recovery success of the litigation fund.

Potential assets of the estate.
Preference claims: 150m
Intercompany receivables: 22.5m
American savings litigation: 55m
Anchor savings litigation: 350-500m
TPS shares: 4b
Fraudulent conveyance July 08: 2b
Fraudulent conveyance Sept 08: 500m
Fraudulent conveyance 07-Apr 08: 4b Is this the same as the deposits?
Tax refunds: 5.54b
Intercompany loans: 180m
Deposits: 4b
Cash on hand: 900m
D&O Ins claim: 238-500m
Pension plan: 36m+
Visa shares: 140m
BOL/COLI: 5b
WMMRC: 5.5b nol
Total: 33b+