Replies to post #708621 on Mr Cooper Group Inc (COOP)

[ron_66271]

LG, TOTALLY FICTIONAL NUMBERS.

“Underwriters receive 7.2b plus (no wonder they vigorously fought for it)
Why COOP real value should reach $1000 ?
The answer is ..COOP should own 17.5% of the net worth of the company which is 5.25b (including treasury stock) out of the found value of 30b

The total Series R is only $3 Billion.
The total Class 19 direct claim is $7.5 Billion

As I recall UW claim was $72 million.

Let’s put it this way;
UW will not receive any payment from the FDIC for WMB and it’s assets, other WMI assets.

75/25% stopped at Retained Earnings.
All well documented in the February MOR.

Alice had no Standing or Right to offer a Class 22 claim to the UW.
She can’t give away other people’s property.
She also got zero mileage from the Stipulation argument.


Haven’t read the Transcript and Equity Community Presentation now have you?




Ron

[newflow]

LG link?
ENCUMBERED assets =327.4b
UNENCUMBERED assets = 83.6b