Replies to post #383530 on Mr Cooper Group Inc fka COOP

[xoom]

Good question... paging Dr. Catz.. paging Dr. Catz... for some dampers on the idea/question :)

[WAMUSHAMU]

Maybe there is pending cases that would use that as evidence and we would get less in the end? just guessing....has to be something similar imho

[bkshadow]

NOLs Released Over and Over

1. BOD: The 10Q is what the BOD and Management use to communicate with shareholders. The NOLs have been beaten to death in disclosures. There is no secret, there is nothing missing, there is what they have disclosed.

After reading the following SEC filed document extract, JUST WHAT IS ANYONE LOOKING FOR WHEN WONDERING WHY THE NOL AMOUNTS HAVE NOT BEEN RELEASED?

23/54
On March 19, 2012, WMIHC emerged from bankruptcy. Prior to emergence, WMI abandoned the stock of WMB, thereby generating a worthless
stock deduction of approximately $8.37 billion which gives rise to an NOL for the current year. Under Section 382 of the Internal Revenue Code,
and based on our analysis, we believe that the Company experienced an “ownership change” (generally defined as a greater than 50 percent
change (by value) in our equity ownership over a three-year period) on March 19, 2012, and our ability to use our pre-change of control NOLs and
other pre-change tax attributes against our post-change income was limited. The Section 382 limitation is applied annually so as to limit the use of
our pre-change NOLs to an amount that generally equals the value of our stock immediately before the ownership change multiplied by a
designated federal long-term tax-exempt rate. Due to applicable limitations under IRC Section 382 and a reduction of tax attributes due to
cancellation of indebtedness, a portion of these NOLs were limited and will expire unused. We believe that the total available and utilizable NOL
carry forward at March 19, 2012 is expected to be approximately $5.96 billion. At June 30, 2012 there was no limitation on the use of these NOLs.
These NOLs will begin to expire in 2030. The Company’s ability to utilize the NOLs or realize any benefits related to the NOLs is subject to a
number of risks.

44/54
As of December 31, 2011, WMIHC and its subsidiaries had U.S. Federal net operating loss carry forwards of approximately $14 million, that if
unused, will begin to expire in 2030. We have projected that WMIHC and its subsidiaries will have a NOL for 2012 of approximately $7.532
billion of which approximately $5.96 billion, will be allocated to that portion of 2012 after the ownership change described below. Both WMIHC
and WMMRC have established valuation allowances for these deferred tax assets based on their assessments of the amounts of deferred tax assets
that are more-likely-than-not realizable.

2. SG ("Susman Godfrey"): They DO NOT WORK FOR WMIH (either the BOD or Management) in ANY CAPACITY; they were, however, retained by the WMILT for litigation subcommittee purposes. WMILT "does not have any NOLs" so "SG" is not "trying to keep the true value from being released."

3. Blackstone: They are a contract consultant/advisor to the WMIH BOD and Management for identified purposes. They are considered to be a temporary insider to MNPI with regards to all of the service time, cannot trade in the securities under such, filed during the bankruptcy that they held no interest in WMI, and did not file after retention by WMIH that they had any holdings.

[PickStocks]

Shareholders are wiped out.....That is the only way they believe true value will happen.....Then again they are working on that huge business Plan on building widgets!!!!!