BBANBOB, here is a post I wrote quite a while ago and I believe the numbers are very close to what you are positing as well as COOP Shares for BENEFICIAL ownership of marker holders assets.
The Missing Piece – 11/01/2018 – Court Ruling Will Bring This Forward During Nov/Dec 2018
• Tax Attributes are able to be used 2 to 3 years reach-back for NSM profits will bring to COOPs bottom line hence, much more value
• COOP CEO Jay Bray discussed boarding/buying assets – Not necessarily companies and he discussed boarding 65 billion before year-end 2018 - My view, Marker Holders BENEFICIAL ASSETS will be part of this
• I believe once Piers is paid off (49 Million) in total around late Nov/Dec 2018, we will see BENEFICIAL ASSETS purchased and paid for with COOP common/preferred stock which ultimately will go to Marker Holders possibly via a (DST) Delaware Statutory Trust and/or 1031 Exchange arrangement
• I am looking for big actions in Nov/Dec 2018 so read on for an older post which explains more in my view
An Older Post-Part Has Already Proved Factual With RS-Other Part MAY Happen Between 9/25 and 12/15/2018
WMIH is Now Moving Forward-My Thoughts How This Develops Including Potential RS
200 Million NewCo/WMIH Shares Outstanding B4 (QA) NSM Merger is Finalized
• The “Effective Date” is March 19, 2012, when an ownership change happened with the court extinguishing all for preferred & common prospectuses along with all associated documents
• The Effective Date (3/19/2012) is when WMIH exited bankruptcy protection under “Fresh Start” accounting
• Investors who signed timely releases B4 deadline of 3/2012 included former WaMu (both) preferred and common stockholders
• The following should help investors understand when a potential share for beneficial asset purchase event is discussed/announced
• Effective 4/28/2015, WMIH had authorized but not put into force a total of 3.5 billion common shares and a total of 10 million preferred. Also coined “Shelf Ready” to be used immediately if needed and so far, they have used 1.117 billion (7/31/2018 merger closing) with about 2.3 billion WMIH “Shelf Ready” shares to be used any day now
• So, of the total 200 million WMIH shares outstanding, 150M is attributed to former (both) preferred investors who signed timely releases and 50M are attributed to former common shares
• If a potential share for beneficial asset purchase with Escrow ShareMarker holders happens, it is possible preferred with a potential Face Value of $1,000.00 are issued (new issue) 1 to 1 with option to convert to common (100 to 1 or $100.00 x $10.00 = $1000.00) at saying when WMIH reaches/more $10.00 a share which would be very similar to the preferred prospectuses that were canceled by the court which became effective on the Effective Date of 3/19/2012 and this was also deemed an Ownership Change
• On July 31, 2018, WMIH officially closed their merger with NSM resulting in 1.117 billion common WMIH shares outstanding including all that converted
• If/When WMIH announces a potential share for beneficial asset purchase, it is also possible an RS will be announced also
• Of the former 200 million WMIH shares outstanding from those who signed releases, 150 million is related to former preferred and 50 million are related to former common as a result of the ownership change (remember, “we believe there was an ownership change")
• The former preferred will be issuing new preferred taking 150 million out of the float, and the 50 million commons will be given a forward multiple of six resulting in a total of 300 million outstanding
• 1.1 billion plus WMIH shares outstanding
200 million shares from 3/19/2012 ownership change (subtract)
900 million plus outstanding
300 million shares add back in due 6 > multiple from 50 million common shares from signed releasors
1.2 billion common WMIH shares outstanding so now figure in WMIH suggested RS at say 10-1
• New outstanding WMIH shares equal 120 million and the price will be a minimum of $14.00 a share (based on a $1.40 WMIH share B4 RS) and more than likely substantially more depending on how well received by Wallstreet
AI
Market Data 
Markets 
