Mr Cooper Group Inc fka COOP

[fsshon]

WOW. I knew it! WMIH announces uplisting to the NASDAQ! and all you guys can do is talk about escrows, who gets what, when. It never fails on this board, good news comes down the pike and look, you all want to discuss escrows. Not, the fact that an uplisting can easily push over the $4 PPS mark in the next couple of trading days.

How about discussing the following.

1. 201M O/S to NASDAQ. $532M in Escrow and $87M in CASH (619M X ((4,5,6))

2. WMIH has announced they will do a Qualified Acquisition by 2018, but in most terms, that is hogwash (CYA Talk), they should be announcing a new round of financing, or a QA within the next month. No need to go to NASDAQ, if you plan on staying the same for 2 years. You will get eaten alive out there. Most investors (these days) are not contrarian in nature and will sell off WMIH if they wait too long, the short positions will also increase and take the PPS down with them. So, the BOD obviously has thought this through. They do not get their "restricted shares" until a QA is completed.
No ownership change allowed, or the Series B goes to $1,750 each with all back interest due and payable.

Are the post-exit Consolidated Tax Group (CTG) a 5% holder group and only needs to remain a 5% or more to hold the NOL's as BKshadow has stated or
is the CTG a Control Group in terms of "ownership of the NOL's" and if they are the CG then going to have to receive WMIH equity to keep them in control of 50.1% of equity in WMIH?

HOW DOES WMIH KEEP THEM IN CONTROL IN TERMS OF THE 6 BILLION IN NOL'S?

I have laid out my thoughts on this, and BK has laid out his, we shall soon see who may be right on this really important development in relation to the QA. I do expect the QA to be announced in 4Q this year.

FDIC has been allowed the appeal the ruling by Judge Collyer, that made them responsible for some of the mortgage repurchase obligations in the Deutsche lawsuit, this in turn will delay the "closing of the receivership for at least 2-3 years, because even if they lose at the next level, the ultimate decision will lie with SCOTUS"
This will delay any amount of significant funds returning to the WMILT from FDIC sources.
There are no lawsuits, other than tax collection claims left in the WMILT, that means only the FDIC can make the dreams of the escrow lovers come true. This can not and will not happen (if ever) for years now.

Sorry, but WMIH is the future here and many on here, need to realize this.

Cheers and Congrats Longs!
Don