Mr Cooper Group Inc fka COOP

[WithCatz]

xoom, it's my understanding that what has been published is the number the BoD - at the time - with limited financial work and personnel and before Blackstone - was able to put forward.

A "floor" figure, if you will.

Fiduciary responsibilities keep them from saying things like "We might have $20b in NOLs" -- (just a made up number) -- and then have it turn out to be just $5b instead.

Imagine folks going nuts over that scenario instead. "But, but, but, the BoD said it was $20b -- now it's just $5b instead! The BoD must be incompetent to publish such erroneous information, off-with-their-heads..."

Depending on the plans, moving forward, there is not a singular number to put on the NOLs -- it all depends on how things end up being structured, etc.

So, the BoD, IMHO, did what was appropriate -- stated what was legitimately felt to be the NOLs at that moment in time.

If a better deal, and better way, and a higher value of NOLs can be created/justified and PLR'd by Blackstone -- then great.

...Catz