Replies to post #370811 on Mr Cooper Group Inc (COOP)

[eighty]

Radium, this is out of context but wanted your view on this..
http://www.nasdaq.com/article/smf-energy-files-plan-to-sell-its-assets-at-auction-20120430-01147

Debtors are wanting to sell off and in their 8k they have mentioned $37 million in assets and $25.2 million in liabilities in its bankruptcy petition and sought bankruptcy protection along with three subsidiaries.

There is a stalking bid for the assets at $9 million plus additional amount for inventory. With 8.51 million outstanding shares..doesn't that convert to the value of more than a dollar for each shareholders?

Or the $9 million will be used to pay the $25.2 million of debts and later on current shares will be worth zero? Thanks in advance and couldn't post in private.