Mr Cooper Group Inc (COOP)

[wamutrader]

Exactly. Now you got it.

This was the plan all the time. More profit for us if the conversion price is low. We can all relax until its done.

As to how this may affect us by dilution... My best guess has half of our shareholders using the payout to buy more shares and the other half will cash out. No effect whatsoever.

With my payout: I will use half to buy more shares, and withdraw half in cash.

My WMIH acct is in a Roth IRA and I am qualified to remove funds tax free.

I recommend everyone retain a tax attorney to go over the tax consequences of cashing out, since cost basis of WMIH was close to ZERO for most of us in this since the beginning.