Mr Cooper Group Inc (COOP)

[ReikoBlack]

WMIH currently has only 3.5 billion shares of common stock authorized for issuance.

Are you saying that sometime between now and before the exchange of "3.5 billion shares for all those assets" that the Company will authorize an additional 200 million more shares for issuance?


(Actually, they would have to authorize an additional 206,714,132 million more shares, to be precise, since this is the current number of Outstanding Shares.)


(And, on top of authorizing additional 206,714,132 million more shares they might have to authorize an additional 61.4 million more shares because of KKR's warrants.)

(Did i miss anything else?)

WMIH will then be valued at all merged assets from safe harbor (cash + remaining interests in future loan portfilio profits) divided by new 3.7 billion shares base (3.5 billion to escrow + current 200 million shares).