Replies to post #559973 on Mr Cooper Group Inc (COOP)

[ron_66271]

2kidsnomoney, WMB CIC Ruling Was Scheduled for Feb 5th.

That means IMO that WMB CIC to satisfy GSA needed to be 'in place' before February 5th. If THJMFW had to rule that CIC would not happen, then the GSA has failed.

Please see AZ's posts regarding COOP's removal of the 5% ownership restriction. The 5% ownership restriction was in place to protect the NOL usage by reorged WMI-COOP. Reorged WMI-COOP had the use of the NOLs until reorged WMI-COOP recovered from it's WMB loss. No more loss, no more NOLs.


IMO, More than face for all preferred issues.