Mr Cooper Group Inc fka COOP

[radiumsoup]

You're talking about *potential* assets, not current assets.

A charter is not a bank, it is simply permission to open a bank. Even if we retain the charter (which is news to me, but that would be fantastic if true), we still don't have a bank. We can't issue shares if it means the structure of the ownership of the company changes or we risk losing the NOLs. We can use the NOLs on our own and without a 3rd party buyout (that's what they're designed for, actually), but we just have to have profits to offset. It's *easier* for another company which is already profitable to use our NOLs instead of ramping up profits on our own, but they have to wait 2 years before they can make an offer, otherwise they risk making the NOLs go away due to the ownership change rule and/or for "shopping" the NOLs.

So you're partly right for the future value of the company, but that has no real bearing on the value of the company as it sits today. There's a LOT of work to be done before any of those things can happen.