Mr Cooper Group Inc (COOP)

[ReikoBlack]

Great find and it is a clear and subtle way of pointing out the timing they believe of a deal completion. So in my view the deal should be done between 6/30 and 9/30. These clowns have known all along about all the things affecting us like Probate IMHO

Really? If your basing a timing of a deal completion on this information then a deal should have already transpired.

10-Q for the quarterly period ended September 30, 2016.
Pg. 26

"We use a binomial lattice option pricing model to value the embedded conversion feature that is subject to fair value liability accounting. The key inputs which we utilize in the determination of the fair value as of the reporting date include our stock price as well as assumptions regarding a number of complex and subjective variables. These variables include, but are not limited to, expected stock price volatility over the term of the convertible preferred securities, which we estimated at 35% as of September 30, 2016 and 40% as of December 31, 2015, and risk-free interest rate, which was estimated at 0.4% as of September 30, 2016 and 0.6% as of December 31, 2015. In addition, the model requires the input of an expected probability of occurrence, which we estimated at 90% for both September 30, 2016 and December 31, 2015, and the timing of a Qualified Acquisition which initiates the mandatory conversion, which we estimated at 6 months from September 30, 2016 (Which would have been at the end of March 2017) and 12 months from December 31, 2015. The fair value of the embedded conversion feature liability is revalued each balance sheet date utilizing our model computations with the decrease or increase in fair value being reported in the statement of operations as unrealized gain or (loss) on change in fair value of derivative liability - embedded conversion feature, respectively. The primary factors affecting the fair value of the embedded conversion feature liability are the probability of occurrence and timing of a Qualified Acquisition, our stock price and our stock price volatility. In addition, the use of a model requires the input of subjective assumptions, and changes to these assumptions could provide differing results."

Just saying...

https://www.sec.gov/Archives/edgar/data/933136/000156459016027651/wmih-10q_20160930.htm