LG, maybe there will be a Happy New Year after all!
Outstanding Due Diligence from Dmdmd1
Happy Holidays to all!
IMO...my conclusions as of December 24, 2020 @ 0925 CST:
1) I still contend that there will be new COOP shares issued to WMI Escrow Marker Holders to keep in compliance with keeping the $5.9 billion NOLs intact. Watch and read all the documentation to all the following links and draw your own conclusions.
“Although the PPP loan program is the best known CARES Act stimulus program it is NOT the stimulus program that creates the greatest value. What creates the most value are changes to the IRS’s Section 2303 of the IRS tax code as explained in IRS publication 536. I?RS Publication 536 verifies that taxpayers with a NOL in 2020 can carryback (for 5 years) and carryforward (indefinitely). A Loss Reserve Fund (LRF) created in 2020 ?is ?funded by a refund of your federal income and capital gains taxes paid from 2015 to 2019.
? You receive your stimulus funds 90 days after your fiscal year end. ? ALL business types qualify: S Corp, C Corp, LLC, LLP, Sole Prop etc. if using accrual accounting. ? Click here to download a highlighted PDF of IRS Publ 536 which shows the math for IRS form 1139 (for C Corps) or IRS form 1045 (for S Corp, LLC, LLP etc). ”
The CARES Act (Coronavirus Stimulus Package signed into law on March 2020) made a very important revision of treatment to NOLs! Due to the new revisions Fortune 500 companies can make money off of the insurance from Pandemic liabilities. All premiums are refundable up to 91.5%. And the premiums are able to be financed with just paying interest only at 1%. Also the premium payments are deductible. Therefore by using the refund, essentially there is no out of pocket costs to the companies while reaping all the profits from the insurance policies.
IMO...COOP probably uses multiple pandemic insurance policies such as the C?ARES A??ct ?F?inanced? Stimulus Program (CAFS).
Attached is a screenshot of an example of how much money companies like COOP can generate with the CAFS Program.
Watch the whole 27 minute video! But the screenshot is explained starting on 21:16 of the video.
IMO...Also keep in mind the deadline for the CAFS Program is December 29, 2020! Which means if COOP wants to avail of $5.9 billion NOLs and also avail of insurance policies like the CAFS Program, the new shares of COOP need to be issued to WMI Escrow Marker Holders before December 29, 2020.
News 
Market Data 
Discover 
