Replies to post #411929 on Mr Cooper Group Inc (COOP)

[fsshon]

Once again, the NOL's would need to be valued, along with corporation assets. It is illegal to sell a publicly-held corporation for less than value. It is also illegal to sell a corp with "unrestricted NOL's" for less than their value. Do the math.

5.95 Billion X 35%... plus 800M in cash.. (something like this)

The corp would need to be appraised/# of O/S equity shares.

Also the POR forbids it without BK court approval..So,

SIMMER DOWN NOW!

Blue

[fsshon]

You do know you can not force JOE to sell his shares if he does not want to...right?

Example. WMIH offers Joe $2 PPS to buy his shares, he say NO! Joe does not have to sell. He is not forced to. Let's say the Corp wants to offer Joe $10 PPS and he says OK. He sells his shares, that does not mean Bob has to sell his. He can keep his and WMIH will retire Joe's to the treasury..

In our case... We can not be forced to "tender" our shares without all 100% being forced to also. We can be solicited to tender for a sum equal to our choosing, but not forced to...

read the POR.

Question: "WHY DISCLOSE UPLISTING IN 180 DAYS IF YOU PLAN ON GOING PRIVATE?"

There is no chance for Rule 13-E here.