Replies to post #298492 on Mr Cooper Group Inc (COOP)

[buccaneer1961]

that would hardly be worth getting into for that amount from these prices

[Civil War General]

NOT .15/share. $160 million is fiction.
Remember, Blackstone valued the existing company at $160 million.
They didn't include any existing CASH
They didn't include the potential tax value of Net Operating Losses which can be written off against Net Operating Profits to reduce taxes. (This has no actual value only potential or 'future' value when a bigger profit rich company...like a bank... buys WMI-RE for these NOLs)
They didn't include many, many non-debtor subsidiaries.
Blackstone's valuation is un-audited and they only used the numbers given to them by Brown Rodent and his law firm, Weasel Gotcha to Mangle.

$160 million is complete and total BS. Equity's attorney hired an accountant, P.J. Solomon, and a tax adviser to help them figure out the real value of WMI-RE.

Our Judge rejected the Debtor's Plan of Reorganization which pushed confirmation into 2011 where the Net Operating Losses took a giant leap in value. She said as much in her opinion.

I have no idea what the Actual Value is,(find out on June 6 or 7 or 8.) but I will not sell any of my 310,000 commons at 15 cents per share.

[wamuvoodoo]

jerkolect that's the main reason why rosen stated the 130million ,tp cast the doubt to the weak ..think about it if rosen came out and said the value of the co..is worth billions it would be a buying frenzy..which is exactly what they dont want..keep in mind the snh's turned down billions for shares in a 130 million dollar co...come on brotha smarten up ...they know the value hence the reason why they wanted the stock