Replies to post #77044 on Mr Cooper Group Inc fka COOP

[fixedops]

3dog

maybe watch these when you get time.


Message Boards (Part 1) -- http://investorshub.advfn.com/boards/playvideo.aspx?v_id=65

Message Boards (Part 2) -- http://investorshub.advfn.com/boards/playvideo.aspx?v_id=68

Message Boards (Part 3) -- http://investorshub.advfn.com/boards/playvideo.aspx?v_id=71

[Desperado90]

Great. IMO, if we get the decision on or before the 24th then we can read her detailed decision and see what issues predicated are decision.

Going by her previous decisions she loves to write in detail of her decision. This actually makes it easier to deal with an appeal. If the decision is appealed, she would have set a good precedence to the appellate judge to uphold her decision.

Now here's why am here personally.

We have ~$7B in Assets and ~$8B in liabilities. I expect the judge to give creditors 60-70% recovery since the BK judge can get creditors to take an hair cut.

Therefore, at 60% recovery for creditors that $4.8B and the rest can be distributed to unsecured and equity holders.

This is at worst scenario of liquidation.

IMO
70% to Creditors (WAHUQ is already accounted for as debt)
10% to WAMPQ
10% to WAMKQ
10% to WAMUQ

Whether we get bought out or go into liquidation is a win win.

So the most important thing bar none right now for me is SHOW ME $4.4B.

[Billiam_2]

3dog, we are equity holders in a company. The commons cannot be canceled on a whim. Our share price is reflective of the value of the company. If nothing is left over after debts are paid then the commons are worthless and are canceled. However, in WMI case there is more than enough equity left after debts are paid.

1. First most of the debt is not currently due. Remember we are in CH. 11 not liquidation.

2. We have $7B in reported assests.

3. NOL's worth $20B (hard dollar value at a 28% tax rate around $7B.

4. Lawsuits and damages equaling $25B-$50B.

The commons will not be canceled they will be worth quite a bit of money when all is said and done.