Replies to post #499674 on Mr Cooper Group Inc (COOP)

[footballref-8541]

Been thinking about the 1031? Can they push that date out if an agreement had been met on the taxes? If we’re holding a knife to anyone’s throat...who would it be?
If JPMC paid anymore for any possible assets and they haven’t been released, is that JPMC fault?

[Johnnyiwantsome]

I would agree that the pot is a little sweeter for KKR and its subs however I also see this as not confirmed

Notice the underline and not by me the word provided.

12:00 a.m., New York City time, on January 5, 2018; provided that a Qualified Acquisition (as defined in the Existing Charter) has not occurred prior to such time. See –“KKR Agreement” below.


also;

As of the Effective Time, the “Mandatory Redemption Date” as defined in the Existing Charter shall be changed from January 5, 2018 to the close of business on October 5, 2019 (the “New Mandatory Redemption Date”)

I think its not a big bugger but wmih is moving which is mandatory for us to see recovery thru "The Mechanism WMIH

Going to keep working this.

Moving regards,
b

[ItsMyOption]

Large Green, I agree that This may be just a backup plan, BUT if WMIH has access to assets before EOY then would that qualify as an Acquisition or Qualified Acquisition AND:

KKR would need to convert preferred at the old $!.75 floor price?

[eye4money]

I rarely post, but this announcement seems like more smoke and mirrors. The major players do not really benefit greatly until we do.