Replies to post #718098 on Mr Cooper Group Inc (COOP)

[lodas]

common and preferred stock are unsecured debt and can be cancelled for chapter 11, and chapter 7, and 13 bankruptcies.....when one buys common equity stock in a company there is no assurances that you will get a recovery if the company goes bk..... only bonds are secured by the assets of the company upon liquidation.. commons and preferred get wiped out..... now, thank Nate Toma for getting you at least some shares in the new company for your old shares which were wiped out in POR 6... Susman negotiated the best deal he could get under the circumstances... Wmi had to dissolve 7 re insurance Trusts to secure the values of the 200 million shares that were give to equity.... now, go eat your breakfast.... Lodas

[ron_66271]

The HF Are Taking the NOL Write-off Until the Money Comes Back.

“Treasury Regulation 1.468B-9(c)(6) provides that upon the termination of a Disputed Ownership Fund, the claimants to the fund’s net assets succeed to the funds unused net operating loss carryforwards. This regulation also provides that “if the fund's net assets are distributable to more than one claimant, the unused net operating loss carryover. . . must be allocated among the claimants in proportion to the value of the assets distributable to each claimant from the fund.” Pursuant to the Plan, the DCR was created and elected to be treated as a “Disputed Ownership Fund” pursuant to Treasury Regulation 1.468B-9(c)(2). On the basis of the foregoing, a beneficiary’s share of the unused net operating loss of the DCR is set forth in the Beneficiary Tax Reporting Letter Distributed by the Trust for the year ended December 31, 2020 . This amount was calculated by allocating the unused net operating loss of the DCR among the final claimants based on each claimant’s portion of the final cash distribution that was initiated in January 2020.”

Yes the FDIC/JPM will be paying for WMB and it’s Assets.



Ron