Replies to post #649265 on Mr Cooper Group Inc fka COOP

[ItsMyOption]

AZ, it seems the BOD are concurned about how the IRS may rule on effect of change in ownership and effect on the NOL.

The below statement is confusing and I need to reread it a few times. Who are they talking about KKR or Blackrock?

~ This Is "Over The Top", Now NO Coupon As Well ?, Article VIII Strikes Again ~

"Because of the complexity of applying Section 382, and because the determination of ownership for purposes of Section 382 does not correspond to SEC beneficial ownership reporting on Schedules 13D and 13G, holders and potential acquirers of our securities should consult with their legal and tax advisors prior to making any acquisition or disposition of our securities. Pursuant to Article VIII of our Certificate of Incorporation, the Board has the sole power to determine compliance with the transfer restrictions, and we cannot assure you that the Board will concur with any conclusions reached by any holder of our securities or their respective advisors, and/or approve or ratify any proposed acquisitions or dispositions of our securities. Under Article VIII, Section 3(b), of our Certificate of Incorporation, if the Board determines that a Prohibited Transfer (as defined in our Certificate of Incorporation) has occurred, such Prohibited Transfer shall, to the fullest extent permitted by law, be void ab initio and have no legal effect, and upon written demand by us, the Purported Transferee (as defined in our Certificate of Incorporation) shall disgorge or cause to be disgorged our securities, together with any dividends or distributions received, with respect to such securities."

[PickStocks]

I guess it is no longer know what you own but new board, predecessor moving the lines and not revealing what should be. Although two ownership changes. Coop could have billions in earning and the pps would still be where it is today. New board will have new earnings provided by election ceo will get a bonus and the coupon will be non existent only because it takes cash out the boards hands.

[xoom]

AZ, Seems they are baking in the “dilution” of the net income of $2.00 , per share, But was that dilution already executed or yet to be executed ? This might be the biggest read between the lines gem from yesterday.
Thoughts ?
TIA
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