Replies to post #367034 on Mr Cooper Group Inc (COOP)

[EXDIMER]

See my post 358036 for some information on another mortgage insurance business in a similar situation. I am a long time friend of the founder of this company and many of the current board members. They have been looking for opportunities to take advantage of their NOLs for over two years without any success, as every opportunity they have come across, has not been able to get the approval of their attorneys and accountants because of the existing rules mentioned by Claw. I think Claw is correct in his opinions about this matter. The massive size of the WMI NOLs will make it even harder to bend the rules in my opinion.

[clawmann]

Yes. It is. So we disagree. Time will tell.

[bond-007]

Monica, No law is a set in stone law!!! If it where attorneys would not be needed because a good attorney can argue which ever side pays the most ;-)

[Large Green]

Monica, for what it is worth, I am of a mindest my original plan that I wanted to see if equity survived was for the company to use the foundation it won in court and to grow into a multibillion dollar organization. If handled properly, this can be achieved through various types of ways that capital is raised.

I would love to see it grow this way, buying profitable companies, paying dividends and with the amount of NOL's we could go on many, many years making money and not paying ANY tax, thus you would see stock splits and all of the actions successful companies exerience.

To me, that would be the best ride and not to mention what we know ahead of everybody else and that would allow one to continue to invest with virtually very little chance of a huge downside.I can already see a two, five and ten yer plan that just REEKS of money, profits and some very wealthy individuals who would have had very little chance otherwise. I honestly see and feel this is the ride we are in for so sit back, put your seatbelt on as we will blasting off soon!

[radiumsoup]

No.

But, the board can certainly abandon the NOLs and see who wants to buy us then... but we'd have to have something worth buying - and without the NOLs, there's not much here to buy other than a bit of cash tucked away and an army of mouth-frothing retail shareholders.