Mr Cooper Group Inc (COOP)

[JusticeWillWin]

jerry, 1) the NSM annual meeting has already been held on May 17, 2018 (the voting was no topic!) and 2) the number of WMIH shares after the merger is fixed, 1.117 million shares (see presentation page 10). "Old" WMIH holders will end up with 716.4 million shares, former NSM holders (Fortress + non-Fortress holders) will end up with 400.7 million shares.

Have a look at the presentation:
http://investors.nationstarholdings.com/Cache/1001233292.PDF?O=PDF&T=&Y=&D=&FID=1001233292&iid=4288863

Only the ratio between Fortress and non-Fortress holders depends on the stock/cash election. Because the number of "exchanged" WMIH shres is fixed, the election will be held shortly before closing of the merger!

Also from the presentation, page 14:

Shortly before closing, each shareholder will have the option to elect to receive either $18 in cash or 12.7793 shares of WMIH common stock for each of their Nationstar shares

Also on page 14 you can find the "proration" table between Fortress and non-Fortress NSM holders, depending on the result of the election.

IMO if we know the date of the vote, the merger will close as soon as 2 or 3 weeks thereafter, but that is only a WAG.

Have also a look at my post "Fortress COULD become the largest WMIH holder after the merger, before KKR, depending on the cash/stock election ratio of the Non-Fortress NSM holders, according to the table on page 14/15": https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140827733

Your post:

Re: We know NSM annual meeting will be mid June and this Cash vs stock issue will be dealt with at that meeting.. so I am hoping NSM meeting will unfrozen that requirement.


Mr Simpson, I forgot the date but at some point in time soon, NSM SH have to elect if they want cash or conversion and at that point, they will do a count and if the number exceeds 68% (?) of NSM SH wanting to convert to WMIH stock, they will "force" them to take cash. At that point then we will know how many WMIH shares we will end up with. Btw, the filings will have all the blanks filled out.

The number of shares was calculated precisely to an art such that the NOL won't be affected and everyone has their number of shares necessary for the ownership control.

Forget about the pie in the sky S4V theory or whatever you call it. It won't happen because it is impossible to happen and it is illegal.