Mr Cooper Group Inc (COOP)

[hotmeat]

POR6.....

1) Piers, as the impaired class, would own the reorganized WMI.
2) *Equity* (Prefs + Commons) would be cancelled.
3) Piers holders of $2M worth or more in shares were eligible.
4) 100M share @ $25/sh. WMIH's initial valuation was $2.5B.
5) WMIH would be a privately owned company by a select few (AAOC).
6) All legacy assets of WMI would belong to WMIH...ie AAOC (the actual prize).


Did anything fundamentally change with WMIH between POR6 + POR7???

The AAOC/Hedge fund cabal wanted all the legacy spoils for themselves, so why would they now want to give up 42.5% of these benefits to KKR for a meager $600M and countless other non releasing Investment Funds???

Why did the organizational value of WMIH depreciate from $2.5B in 2011 to about $200M upon emergence in 2012???



All rhetorical questions meant to illustrate how these events make no sense.

In the absence of verifiable facts, Common Sense prevails!!!