Mr Cooper Group Inc fka COOP

[UncleBo]

BK,

Thank you for the thoughtful reply.

Yes, we still have many unknowns and doubts. The reality is that we traded almost half of the company for access to KKRs "connections" and capital. The words Gene Davis used at the shareholder's meeting were - "we now at least appear to have access to capital and we can talk to people we have not imagined we can talk to". I am really curious if WMIH is going to renew the lending facility with the HFs comes March 2015, maybe not...

I also think that at the end of day it comes down to whether we can trust MW/KKR to work for the benefit of ALL shareholders as MW said. But also whether the rest of the significant shareholders go along with such approach. Only time will tell...

Becoming part of the KKRs fabric seems to imply a buyout and by far I am not an expert on interpreting IRC 382 section and the probability of this materializing. However, there is little doubt that if possible they will attempt to do it so the question would be the price. It is interesting to know how much does retail hold currently.

Uncle Bo