Mr Cooper Group Inc (COOP)

[fsshon]

Huh! Did you forget that WMIH just completed a merger into their own wholly-owned sub known as WMIIC.

They have publicly filed 3 years in a row now, that WMIIC has no assets they were liquidated in conjunction with the POR.

So, basically the WMIH shell merged into the WMIIC shell to incorporate into Del as a requirement of the Series B Preferred contract.

Yes, we will see a couple of 8-K's this month.

1. WMILT has given WMIH 8.3Million as their part of the D&O settlement.

2. WMILT will release the setaside equity shares of WMIH as part of the D&O settlement. Not sure how they will handle these.

3. As a term of series B, the S3 registration has been consummated. This is reg of the WMIH securities that are the conversion shares.

4. Upon reincorp into Del, the Escrow agent is allowed to issue 8.25M and 5.5M into WMIH account.

So 8.3 + 8.25+ 5.5 = 22M. That has been deposited into WMIH bank account in the last month. That's some nice cash for a shell!

Here's the link to the escrow agreement.

http://www.sec.gov/Archives/edgar/data/933136/000119312515001790/d845621dex102.htm

I encourage all to read it, it gives you an insight to what the Series B (that is Senior to equity) is all about.

Blue

So 8