Mr Cooper Group Inc (COOP)

[Civil War General]

August deadline for stock abandonment is Hedgies manipulation.

The Hedgies want stock abandonment to happen in August because waiting longer will give MORE value to the loss and thus the Net Operating Loss will go up putting commons in the money. Their testimony was all calculated toward how the IRS rules will limit the NOLs and well Geez they really are not worth that much, sorry Equity, too bad for you. BUT us Hedgies are willing to take much much less that we were supposed to get for the lowest type of security we bought so we can OWN this company that we say can't be worth very much.

If stock abandonment takes place later (or not at all cause we still own all of the WAMU stock) then it is better for Equity.

That is my interpretation of what I understood from the "hearings and testimony" put forth by the debtor recently.