Mr Cooper Group Inc fka COOP

[JusticeWillWin]

No, I really mean "assume" or a kind of merger with the WMI-LT.

I do not know, if it is (legally) possible, but let's imagine the WMI-LT has a big diamond, which is worth let's say 1B. And there are millions of escrow holders who own this diamond. But it cannot physically be split and sold. (OK, in that case you can sell it completely and distribute the cash) But you could also "give" this diamond or the rights in this diamond to a company and in turn you receive shares of the company which then in total are INSTANTLY worth as much as the diamond (and in the future even more because also NOLs could be utilized, and a positive P/E ratio and so on)

I really don't know if it was legally possible with the diamond, but remember there is a link between WMIH and WMI-LT ==> WMIIC

WMIIC contributed its assets to the WMI-LT, but WMIH owns the "equity interest" in WMIIC

BTW: The share-for-value swap was not my theory, but AZ and rons. I made my calculations only for the case if these theories come true!

"WMIH then "assumes" the $10B from the WMI-LT and issues 2B new shares"


Justice, I think you meant "Purchases", no ?

Uncle Bo