Replies to post #512139 on Mr Cooper Group Inc fka COOP

[Large Green]

mordicai, this is a very astute observation. I have said for years when WMIH used the nonsensical term "we believe there MAY have been an ownership change" which is something I have never believed to be accurate but only for a temporary time frame.

It is impossible in terms of "we believe" UNLESS there is more to the story. The only way this ownership change could be temporary is if this was decided to be the case while the bankruptcy case was ongoing.

I distinctly remember there was a very, very narrow decision in terms of votes as to whether there was an ownership change or not and it may have been as narrow as a couple hundred thousand shares.

I have always believed when this closes out, WMIH will file with the IRS advising now that the DCR (denied Claims Reserve) is closed out that currently has 1.5M shares which are returned to the original owners who have signed timely releases by 3/2102, there will not have been an ownership change. Thus, this will mean billions and billions in more tax attributes which will skyrocket WMIH shares even higher from whatever point they are trading at when this 8K is release in 12-18 months from now.

[JusticeWillWin]

I know this was already discussed years ago. But do we know this could be the case? Is it documented somewhere that the ownership change can be reversed if the few shares from the LT reserve are distributed to the old owners?

There could be something more than that. Depending on who gets those disputed shares there might not have been an ownership change at the time of bankruptcy thereby causing a greater nol to be claimed by WMIH. FWIW.