Replies to post #383535 on Mr Cooper Group Inc fka COOP

[xoom]

So BK, you saying that the info from the latest PLR responses from the IRS has already been made public ?
Can you show me where please ?

[Civil War General]

Thanks bk for clearing the air about the NOLs.
It was getting a little stale.

Thanks also for answering my question about Blackstone holding WMIH stock, since they did not file a notice that they do hold stock, we can presume they do not. Very well compensated, however, of that we can be sure.

[JMac9]

Fair enough. And thank you really. I am awre of SG role and Blackstone role, but I don't believe one has nothing to do with the other. These parties are more likely working on certain aspects synergistically, IMO. It's not out of the question or even unreasonable to expect this. NOL wise, a $32 BB stock loss converts to $9.6 BB at 30 %. I just want the mprocess used to be revealed. If not 30%, then why not? Disclosure doesn't seem to be too much to ask. That's all I'm asking for.

[Royal Dude]

Thank you so much Catzs and Bk for clarifying the value of our NOLs. Your dd is excellent and is just what the BOD has represented to us. Bingo it is also so clear it could be anywhere between 3 bil and 40 bil, sounds clear to me.

[olti1000]

foot note 209 221/282 read carefully from the disclosure statement.


3 This takes into account a Stock Loss of approximately $5.5 billion, based on WMI’s current estimate of its
adjusted tax basis in the stock of WMB. WMI’s adjusted tax basis, and thus the resulting Stock Loss and NOL prior
to the potential application of section 382 of the IRC, may potentially increase by approximately $3.6 billion in the
event certain amounts provided for under the Global Settlement Agreement are respected for federal income tax
purposes as capital contributions. The parties to the Global Settlement Agreement have generally agreed to treat all
amounts paid, waived, allocated or transferred by WMI to WMB, the FDIC Receiver, FDIC Corporate or to JPMC
as capital contributions from WMI to WMB, which amounts may be significant. Whether and the extent to which
such amounts will be respected as capital contributions for federal income tax purposes, increasing stock basis and
the Stock Loss, however, is uncertain.

[dmceng]

bk

The most important two words in your message are "We believe". Talk about being indeterminate. However this was their best effort at the time, wishy washy as it was.

BTW the SG comment might also include the fact that SG is also going after assets as their main motivation.

Take Care
David