Mr Cooper Group Inc fka COOP

[downsideup]

OK.

Trying to get "up to speed" in a mere paragraph or two may be preposterous, but...

I see this: http://www.reuters.com/article/2011/12/13/washingtonmutual-idUSL3E7ND1L120111213

That seems to say that "it's ended" with a paltry $75 million pay out for the combined equity interest.

Only other thing I see as an active issue is an outstanding suit re the directors and board and the $500 million transfer as that has transmuted now into WMI claims against the insurers liability for half of that... plus whatever punitive damages may be tacked on in that suit ?

So, there's also an massive ordinary loss tied to surrender of the stock, and the associated NOLS that are on the table ?

Also a current market issue re price versus value depending on how much or to what extent a current purchase entitles the current buyer of a share to a share in anything... like any payout that is still coming... as payouts for legacy issues are likely tied to some record date meaning current buys won't participate ?

And, that leaves only a future focused ownership interest for current buyers... looking at the value tied in to future operating results and other residual assets, like the NOLS... ?

Is that a fair summary ?