Mr Cooper Group Inc (COOP)

[ron_66271]

LuckyPanda, What if,

WMIH issued new Preferred shares for old P's and K's Preferred shares? Just before the take-down the P's were trading around $1,300 each.

The old P's and K's Preferred shares are a secondary offering of the TPS, Trust Preferred Securities, The Caymans Series I,J M,N.

The Trusts are still performing and producing Monthly Revenue of Cash and has accumulated funds for 9 years like all of the other Trusts. This pool of Trusts and funds belongs to TPS, P's and K's.

WMIH can use the WMIH new commons for released old WMI commons, and therefore conserving the WMIH commons for other events.


HLCE,
Ron