Mr Cooper Group Inc (COOP)

[rainbow1111]

Using reverse splits to force out minority shareholders.

This explains the reverse split process (a Washington State court decision). I've been concerned that forcing out the minority shareholders could be the motive for a reverse split in WMIH stock, if this is actually in the works. Up to now, this seems to be board speculation. (The Washington State decision supports the company's right to do this). WMIH is now a Delaware corporation, and Delaware is VERY corporation friendly.

http://companycounsel.net/2010/09/28/reverse-stock-splits-can-be-used-to-force-out-minority-shareholders-says-washington-supreme-court/