Mr Cooper Group Inc (COOP)

[iPrelude]

Hi Olti, my situation concerning RONs & PIERS is similar to yours, and I had the same question yesterday...

Here it is Ssstock13 answer, I hope it helps

https://www.boardpost.net/forum/index.php?action=post;quote=69015;topic=5640.0 ;

[quote author=Ssstock13 link=topic=5640.msg69015#msg69015 date=1401578009]
We received 4.21 in RONs and New Claim is 6.90 per old WAHUQ shares.  Below is my estimate corrected after the distribution occurred.  Hope this helps IPrelude.


We are getting 96m in RONs and reduction of 84m in LTIs.  
The trust owes PIERS 240m. So, 96/240=0.40.  
Claim is 10.53 per Old WAHUQ/PIERS. So, 10.53*0.4=4.212  
Looks like $4.21 per share coming in form of RONs.  
Reduction LTIs is 84m. So, 84/240=0.35. 10.53*0.35=3.6855. 10.53-3.6855=6.8445 new claim amount.  (actual 6.90 New Claim Amt.)  
6.90+4.21= 11.11 estimated street value per OLD WAHUQ/PIERS share.  
Bottom Line, we are getting $4.21 in RONs earning 13% and WMILT still owes you $6.90  
 PIK interest at time of RON distribution  
 RONs $4.21-$3.68 =$0.53  
 RONs = $4.21 (accruing @ 13%)  
 Claims = $6.90 (accruing @ 1.99%)  
 Total Value (RONs&Claims)Old WAHUQ now =$11.11 and growing at approximately $0.056per month  
 Monthly interest est. based on OLD WAHUQ/PIERS at $11.11 per share  
 RONs $4.21*0.13/12=$0.045/month  
 Claims $6.90*0.0199/12=$0.011/ month  
 Total accruing interest =$0.056/month  
 $0.056 equates to Total PIERS Value increase of approx $1,288,000 every month (~$15.6M/yr.). RONs $1,035,000/Claims $253,000  
   
 So, OLD WAHUQ/PIERS are worth in May $11.11...June $11.16...July $11.21...Aug $11.27...Sept $11.32
[/quote]

Take Care

Pd: By the way, Selfbank is my bank concerning this issue,