Mr Cooper Group Inc (COOP)

[JusticeWillWin]

IF there really is a share-for-value deal between WMIH and the WMI-LT/Escrow holders (only IF your and AZ's theory comes true), then the big releasers like Appaloosa and Greywolf would benefit from a preferably low WMIH PPS at the moment of the share <<-->> asset swap because with a low PPS they will receive more WMIH shares and thus a bigger part of the cake and will dilute the post-CH11 buyers more than with a high PPS. This should be in the "Big Boys" interest, right? It should have been easy for them to drive the PPS down to where it currently is.

Of course, if your theory of the share-for-value deal is wrong, then there are other possible negative reasons why the PPS is where it is...

No WMIH Shares for

KKR from debt offerings from the Series A Preferred, and no need for debt offerings from the Series B Preferred either.

Looks like KKR can buy their WMIH shares on the open market.

WMIIC as a Guarantor due to it's "Equity Interests" held in ABS CERTs can finance it's own deals. "Equity Interests" is used as collateral.

"Equity Interests" is not common stock. "Equity Interests" has to due with a 25% or greater participation in a Trust. WMIIC is a holder/large-holder of CERTs in many ABS Trusts.

New WMIH Common and Preferred shares to released Old-WMI Escrow holders to unite the WMI/WMIIC assets held by Escrow-holders to go with the "Equity Interests" at WMIH/WMIIC.

Thanks AZ.

Ron