Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Why late part 2018? They said the merger is expected to close in H2, that means July 1st at the earliest.

And why should we fall back to $0.65?

The Series B convert @ $1.35

The NSM shareholders can choose between $18 cash or 12.7xx shares WMIH, which equals to a WMIH PPS of $1.40

The seeking alpha article says there is a implied value for WMIH @ $1.75

The merger agreement requires a listing on the NASDAQ Global Select (as mordicai pointed out), which has a minimum bid price of $4, and a R/S is not allowed to achieve this PPS (as mordicai pointed out).

So why back to $0.65?

If he is correct, if it's true, and we have no other mergers or new merger news between now and the time the NSM merger closes (late part of 2018), then we should logically expect WMIH pps to follow the same pattern followed in the long development vacuum after the KKR merger. We could return to $.65.

Bottom line, hopefully he's wrong....