Mr Cooper Group Inc (COOP)

[ron_66271]

141 S4V

One WMIH for each UQ as a Shares for Value. When WMIH gives UQ new shares, WMIH gets WMIIC value that UQ's own.

IMO, 141-S4V must take place before the NSM Merger.
IMO, the resultant PPS after the S4V will be much greater than $0.86 :)

Quick guess;

NSM: $1.772 B
WMIH: $1.215B * $1.41-ish = $1.713 + other book value...

$3.485B/2.37B shares = $1.47 PPS Minimum just for starters.

Then the WMIH business model can really start using WMIIC's value.

Based upon what you’ve estimated the float = 2.377 B shares

Taking current market caps:

NSM: $1.772 B
WMIH: $0.280 B

Combined total: $2.052 B

PPS estimate = $0.86, would you agree?

**Past Posts..
In Billions of WMIH Shares

.43 for NSM
1.215 for WMI Commons
.52 for SBP
.207 current float
.oo45 for F&G

Therefore; 2.377ish in final WMIH float after the accusation of WMIIC and then the NSM Merger.

One for One for old commons.
One for One for old preferred, P's.

IMO;
Past accumulated funds for all classes, including the K's.


**
Yes, One for One


What changed from S-4 to S-4/a? IMO
https://ih.advfn.com/p.php?pid=nmona&article=77471509

"416,012,872 shares of WMIH common stock"
became;
"416,300,000 shares of WMIH common stock"

"Nationstar stockholders must approve the merger proposal in order for the merger with Wand Merger Corporation to occur after which Nationstar will be a wholly owned subsidiary of WMIH. As a result of the voting agreement entered into between WMIH and FIF HE Holdings LLC, the shares subject to the voting agreement are sufficient to satisfy the majority approval requirement to approve the merger and the other transactions contemplated by the merger agreement, and the merger agreement is therefore expected to be adopted by the holders of Nationstar common stock. The merger proposal is not conditioned on the merger-related compensation proposal. The joint proxy statement/prospectus accompanying this notice explains the merger agreement and the transactions contemplated thereby, as well as the proposals to be considered at the Nationstar special meeting. Please review the joint proxy statement/prospectus carefully."

Hence; The Deal is Done.


IMO
NSM Math Scenario;
You will only receive about 2/3 Cash and 1/3 in WMIH shares. Please see response to this post.

Let's say you have 150 NSM shares;
You will see $18.00 * 100 = $180.00
and 50 NSM at 12.7793 = 638.965 or
+ 638 WMIH shares and the fraction remainder .965 in cash.
+ .965 * $18.00 = $17.37 in cash.

There was two WM BK filings, WMI and WMIIC.
We have only been compensated for WMI's BK which resolved at 75/25 for Preferred/Commons in WMIH new shares.

Now, Dollar for Dollar Scenario for WMIIC value in WMIH shares to be compensated for WMIIC.

The WMIIC value is in intrinsic into the new WMIH shares at One for One to old UQ's.
Same One for One for P"s and TPS, as the K's will be redeemed.

**Next Post
NSM Deal is 70% in WMIH CASH

From the S-4

https://ih.advfn.com/p.php?pid=nmona&article=77019446

68,104,736 / 97,727,755 = .69688 or 70% in CASH


(1) Based on the maximum number of common shares, par value $0.00001 per share (“WMIH common stock”), of the registrant (“WMIH”) estimated to be issued in connection with the merger described herein (the “merger”). This number is based on the product of (a) the difference of (i) the sum of (A) 97,727,755, the aggregate number of shares of common stock, par value $0.01 per share (“Nationstar common stock”), of Nationstar Mortgage Holdings Inc. (“Nationstar”), outstanding as of February 8, 2018, which number excludes shares of Nationstar common stock owned by WMIH or Nationstar (as treasury stock or otherwise) and includes 363,934 shares of Nationstar common stock granted in respect of outstanding Nationstar restricted stock awards, plus (B) 2,930,632, the aggregate number of shares of Nationstar common stock reserved for issuance upon the settlement of Nationstar restricted stock unit awards outstanding as of February 8, 2018 and that may be issued after such date pursuant to the terms of the merger agreement between WMIH and Nationstar described herein, minus (ii) 68,104,736, which represents the number of shares that will be paid cash in the merger (prior to taking into account any proration or adjustment), and (b) an exchange ratio of 12.7793 shares of WMIH common stock for each share of Nationstar common stock. /

"(1) Based on the maximum number of common shares, par value $0.00001 per share (“WMIH common stock”), of the registrant (“WMIH”) estimated to be issued in connection with the merger described herein (the “merger”). This number is based on the product of (a) the difference of (i) the sum of (A) 97,727,755, the aggregate number of shares of common stock, par value $0.01 per share (“Nationstar common stock”), of Nationstar Mortgage Holdings Inc. (“Nationstar”), outstanding as of February 8, 2018, which number excludes shares of Nationstar common stock owned by WMIH or Nationstar (as treasury stock or otherwise) and includes 363,934 shares of Nationstar common stock granted in respect of outstanding Nationstar restricted stock awards, plus (B) 2,930,632, the aggregate number of shares of Nationstar common stock reserved for issuance upon the settlement of Nationstar restricted stock unit awards outstanding as of February 8, 2018 and that may be issued after such date pursuant to the terms of the merger agreement between WMIH and Nationstar described herein, minus (ii) 68,104,736, which represents the number of shares that will be paid cash in the merger (prior to taking into account any proration or adjustment), and (b) an exchange ratio of 12.7793 shares of WMIH common stock for each share of Nationstar common stock.

HLCE,
Ron