Replies to post #413040 on Mr Cooper Group Inc (COOP)

[pm1012244448]

The Amended Petition appears to be a major problem for us. Any hope of par or better returns may not be available.

[thony]

The petition per se was not amended, what was amended was the exhibit A footnote 1 " NOTICE OF FILING OF AMENDED EXHIBIT "A" TO VOLUNTARY PETITION",but that is irrelevant to the point of A/L, you have 32.9 B in assets and what the amended part said is that the WMB common stock interest is included in this 32.9 B, this common equity interest ended to be around 6 Billion, so you just have to deduct this amount, so it would be 32.9 Billion less 6 Billion = 26.9 B., but also you have to take into consideration the tax refund of around 2.5 B due to the Homeownership Carryback Refund that came way after the voluntary petition so at the end you have around 29.4 B in assets and around 8.2 B in liabilities, another important thing is that such amendment does not discloses, as you said, that most of those assets are WMI interest in WMB common stock, that language is not there.the number at the assets side are still to big with respect to the liabilities side .