Replies to post #320505 on Mr Cooper Group Inc (COOP)

[traderdon]

Ah ha... I see. Got ya!

This should get you all caught up for now... happy reading :-D

DelShareholder Ilene Slatko
Q: you had plenty of time since you were hired in 2010, but you just recently started working on the critique. A: yes (WHY??!!)
2 minutes ago
DelShareholder Ilene Slatko
Q: if you were to do a full valuation, you would have used more diligence? A: yes, but I didn't have all the tools
3 minutes ago »
DelShareholder Ilene Slatko
A: yes
4 minutes ago »
DelShareholder Ilene Slatko
Q: you agree w Blackstone's valuation? A: Yes. Q: you understand that this is a runoff portfolio and you can't speak to what the SNH' want?
4 minutes ago

DelShareholder Ilene Slatko
Mastando doing cross.
6 minutes ago »
DelShareholder Ilene Slatko
Q: are there nontax resons to do both debt and equity raises? A: yes, given the current housing climate, its the right time
7 minutes ago »
DelShareholder Ilene Slatko
Ard: trying to get recalc on waterfall based on lower FJR. JMW overruled.
9 minutes ago »
DelShareholder Ilene Slatko
Go Seth! A chuckle in the courtroom for him
13 minutes ago »
DelShareholder Ilene Slatko
Maxwell offering a current chart of FJR. Mastando objecting?? Hmmm...
14 minutes ago »
DelShareholder Ilene Slatko
That last tweet was both Ard's Q and Maxwell's A
16 minutes ago »
DelShareholder Ilene Slatko
Ard: if we use the same Blackstone valuation, but use my figures on cost of equity capital,etc. my valuation gives 120M more NPV to reorg
18 minutes ago »
DelShareholder Ilene Slatko
Maxwell: Morgan Stanley recently used 13% in a valuation...he has used 10% to be more conservative
21 minutes ago »
DelShareholder Ilene Slatko
Maxwell: inconsistencies in Zellin's report
27 minutes ago »
DelShareholder Ilene Slatko
Q: is it standard to wait until getting a ruling on the NOL before making a valuation? Q: no. Tax opinions come afterwards
29 minutes ago »
DelShareholder Ilene Slatko
Maxwell: a sophisticated investor would naturally inestigate and pursue this venture as a profitable bus. And to maximize the NOL's
34 minutes ago »
DelShareholder Ilene Slatko
Maxwell: restated initial value is 275M right now (I think I said 280M before)
35 minutes ago »
DelShareholder Ilene Slatko
Maxwell: this should be viewed as a profitable going concern, not just a runoff business
37 minutes ago »
DelShareholder Ilene Slatko
Maxwell: value could be as high as 350M
38 minutes ago »
DelShareholder Ilene Slatko
Maxwell: the precedent transactions he used to guage values are also small reinsurance businesses. He assumes at 10 yrs co would be sold
39 minutes ago »
DelShareholder Ilene Slatko
Cont. Even w low debt rating and high cost of borrowing since this is a co coming out of BK. His assumptions are more conserv. than Zellin
43 minutes ago »
DelShareholder Ilene Slatko
Maxwell: Zellin overlooked a key component of building a biz which is using debt. Re-insurance could be very profitable
44 minutes ago »
DelShareholder Ilene Slatko
Maxwell: after returns to investors and company, he estimates that reorg would be worth approx 260M
48 minutes ago »
DelShareholder Ilene Slatko
Sorry...no pics allowed during court. Let me check re afterwards
50 minutes ago »
DelShareholder Ilene Slatko
Cont between 15 and 20 percent on the investment back to the company
50 minutes ago »
DelShareholder Ilene Slatko
Maxwell: sufficient capital (140M equity investment, 200M debt and liquidating trust) using a Net Present Value (NPV) calc would return
51 minutes ago »
DelShareholder Ilene Slatko
Cont. He sees the reorg as avery viable business moving forward
59 minutes ago »
DelShareholder Ilene Slatko
Maxwell did not have access to resources (people, business plan, etc) to do his own valuation. Given the state of the housing market
59 minutes ago »
DelShareholder Ilene Slatko
Maxwell did not do his own valuation report, just a critique. His conclusion is that reorg could be a going concern w much more value
1 hour ago »
DelShareholder Ilene Slatko
Mastando objecting to inclusion of report at this time...JMW agrees to decide after testimony
1 hour ago »
DelShareholder Ilene Slatko
Did the critique of the Blackstone valuation report in April, 2011
1 hour ago »
DelShareholder Ilene Slatko
Getting his professional designation. Investment banker now w PJSolomon. Valuation expert
1 hour ago »
DelShareholder Ilene Slatko
Seth Ard w Anders Maxwell.
1 hour ago »
DelShareholder Ilene Slatko
@ @JustKerse haha! Thanks. Art finally moved and is anchoring the other side of my row! Too funny
1 hour ago »
DelShareholder Ilene Slatko
BR now talking w both Seth and Ed...
1 hour ago »
DelShareholder Ilene Slatko
Some still out in hall w last minute strategy. Should be any minute now
1 hour ago

[dale45]

DelShareholder Ilene Slatko
On that last comment from Maxwell, both SNH atty and Rosen exited the courtroom to talk
3 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko
JMW doen not impressed w Mastando's attempt to discredit Maxwell and his report
6 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko
So the whole 100M talked about in the june settlement was all hot air??!! Mastando now suggesting that it will not be run as going concern
12 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko
Mastando: a key assumption in your report is that reorg will be a going concern and not just runoff portfolio? A: that is correct
15 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko
Q: you had plenty of time since you were hired in 2010, but you just recently started working on the critique. A: yes (WHY??!!)
16 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko
Q: if you were to do a full valuation, you would have used more diligence? A: yes, but I didn't have all the tools
18 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko
Q: you agree w Blackstone's valuation? A: Yes. Q: you understand that this is a runoff portfolio and you can't speak to what the SNH' want?
19 minutes ago
morseb
morseb morseb
@
@DelShareholder Ilene, please forward this precedent to EC and TPS counsel: Bankruptcy Judge Steps Aside In Wake Of Stern v. Marshall
20 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko
Mastando doing cross.
22 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko
Q: are there nontax resons to do both debt and equity raises? A: yes, given the current housing climate, its the right time
23 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko
Ard: trying to get recalc on waterfall based on lower FJR. JMW overruled.
25 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko
Go Seth! A chuckle in the courtroom for him
29 minutes ago
Ilene Slatko
DelShareholder Ilene Slatko