Replies to post #26484 on Mr Cooper Group Inc (COOP)

[jwwakley4]

Assets: $32 Billion.
Debts: $8 Billion.

Also the company has put an X by the line that reads:

"Debtor estimates that funds will be available for distribution to unsecured creditors".

Common shareholders are 'unsecured creditors'.

So how much money is available to be distributed?

Of the $32 Billion in assets, roughly $18 Billion is secured loans by reputable entities, i.e. Govt and Commercial loans/bonds.

Also, they have $5 Billion cash on deposit with their bank, which is now owned by JPM.

JPM paid them $1.9 Billion for the bank

So, let's add it up:

$18B
$5B
$1.9B

Total $25B.

Subtract the $8B debt, and we have:

$17 Billion Net Worth (Minimum).

Outstanding Common Shares stands at 1.7 Billion shares.

SO, $17 Billion divided by 1.7 Billion equals a true market value of $10/share.

WAMUQ closed Friday, Oct. 3 at $0.155, +29%.

It seems that this bankruptcy proceeding is soon to be withdrawn, because from a financial standpoint, I see no reason for it to proceed.

This means is that the company would leave the OTC Pink Sheets market and return to the New York Stock Exchange. And the WAMUQ trading symbol would return to it's rightful place as WM.

[vintijborn]

Oh yea there are so many interesting things that if people found out and actually knew what was going on, things would be alot different. But nobody cares because they love getting loans and they dont give a shit where the money came from. Also, they allow money made of thin air to have value because the FDIC says it has value. In reality the monetary system we live in was built for inflation, and interest is the secret weapon to keeping the rich on top and the poor on bottom. If people know the actual process of creating money and what has happened over the last 100 years with the concept of money and interest, there would be a revolot of epic proportions. But know, people are doing what everyone wants them to do, consume. Thats all they want people to do and they dont give a shit about anyone unless they consume. the united states would have zero global power if we did not have the largest group of consumers on the planet. its the sad truth. And capitalism is all fine and dandy but like I said, there will always be greed and that is the bad part of free trade. Instead of using resources that we really do have, we use inflationary paper that is devalued year after year.