Mr Cooper Group Inc (COOP)

[Johnnyiwantsome]

POTENTIAL RECOVERY FOR EQUITY HOLDERS GRANTING RELEASES:
If the Seventh Amended Plan is approved by the Bankruptcy Court, WMI’s equity holders who have granted timely releases will obtain potential recovery through two sources:
ownership of the Reorganized Debtor and interests in the Liquidating Trust (following satisfaction of claims senior in priority to equity interests).

From the perspective of equity holders, the Seventh Amended Plan provides significant improvements over prior plans with
regard to both of these interests.

Reorganized Debtor:
Under the Seventh Amended Plan, WMI’s preferred and common
shareholders will own 95% of reorganized WMI.
The stock to be issued in connection with the Seventh Amended Plan will be subject to significant restrictions on transfer. The holders’ ability to transfer ownership will be limited, as described fully in the proposed Articles of Incorporation
(filed with the Plan Supplement documents.)


Further, the stock will not initially be listed on a nationally recognized stock exchange and may not ever be so listed. Listing would require both that Reorganized WMI meet listing and eligibility requirements and that Reorganized WMI’s Board of Directors be satisfied such
listing would be in the best interests of the company.

Reorganized WMI may be able to have its stock quoted on the OTCBB and/or the OTC Pink, subject to meeting eligibility requirements and to the Board’s determination that such action is in the best interest of the company. The proposed ownership structure is intended to provide the Reorganized Debtor with the
full benefit of the tax Net Operating Loss (“NOL”)generated by the loss of WMB’s assets.

In addition to the NOL, the Reorganized Debtor will be funded with $75 million in cash and will have access to a $125 million credit facility for use as working capital
to either acquire or build a financial or insurance business, taxable income from which may be able to be offset by the NOL.

As in the prior plans, Reorganized WMI will emerge from bankruptcy with two major assets, a runoff portfolio of mortgage insurance policies and an NOL that is likely to be over $6Billion


to current WMI equity holders who elect to grant releases under the Seventh Amended Plan.

Five percent (5%) of the common stock will be distributed to current WMI creditors who make an election to contribute a portion of the runoff proceeds to Reorganized WMI (this election is
the basis for the $10 million in runoff proceeds re
tained by Reorganized WMI, as discussed in
the previous paragraph.)

The Equity Committee proposes that 70% of the remaining Reorganized WMI common stock (70% of the 95%) be distributed to current WMI preferred equity holders and 30% of the remaining Reorganized WMI common stock (30% of the 95%) be
distributed to current WMI common shareholders, but the Bankruptcy Court will have discretion to allocate the distribution among current preferred and current common as it sees fit.

It is presently assumed that Reorganized WMI will seek to acquire additional insurance assets or companies, or other financial-related
businesses.

And Guess what is about to happen! OH By the way have we really had the change of control???? THE CHANGE OF CONTROL WANDS THINGS UP.

IMHO this is when we "Equity" will see our Escrow markers fill up with you guessed it

The Equity Committee proposes that 70% of the remaining Reorganized WMI common stock (70% of the 95%) be distributed to current WMI preferred equity holders and 30% of the remaining Reorganized WMI common stock (30% of the 95%) be
distributed to current WMI common shareholders, but the Bankruptcy Court will have discretion to allocate the distribution among current preferred and current common as it sees fit.

******as we know now 75/25 So How many shares are left and do not say Disputed escrow either....look to newly reorganized WMIH and the merger....

Regards
B