Replies to post #24883 on Mr Cooper Group Inc (COOP)

[Ogclip ©]

They also want to get the ball rolling because the money is sitting in an account where no interest is being made. $4.4B gets us an additional $343,000 a day in interest alone.

[EB119]

This part is powerful....

It further states that the $4 billion in deposits may be used by the debtor-in-possession (WAMUQ) as part of its portfolio to pay creditors, as necessary.

Any link?

That means WAMUQ has $4.4B cash in hand and by simple math, pps => 4.4B/1.7B => $2.588 (just from cash perspective alone)

[Zardiw]

But the most important part of that motion is for them to able to WITHDRAW those funds........lol..........z