Followers | 204 |
Posts | 13646 |
Boards Moderated | 3 |
Alias Born | 10/26/2008 |
Monday, March 18, 2019 4:39:54 PM
• COOP CEO Jay Bray discussed buying assets and a company with plans to close in the first quarter of 2019
• I believe once Piers is paid off (49 Million) in total we will see Marker Holders 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
***THE FOLLOWING IS AN OLDER POST OF MINE – PART HAS ALREADY PROVEN FACTUAL***
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
Recent COOP News
- Mr. Cooper Group Reports First Quarter 2024 Results • Business Wire • 04/24/2024 11:00:00 AM
- Mr. Cooper Group Announces Two New Senior Leaders • Business Wire • 04/23/2024 01:00:00 PM
- Mr. Cooper Group Inc. to Discuss First Quarter 2024 Financial Results on April 24, 2024 • Business Wire • 04/05/2024 03:37:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:34:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:05:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:04:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:03:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:01:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:59:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 09:28:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:15:59 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:13:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/09/2024 12:00:29 PM
- Mr. Cooper Group Reports Fourth Quarter 2023 Results • Business Wire • 02/09/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 09:30:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:26:40 PM
- Mr. Cooper Group Inc. Announces Pricing of Offering of $1 Billion of Senior Notes • Business Wire • 01/29/2024 11:02:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 12:55:56 PM
- Mr. Cooper Group Inc. to Discuss Fourth Quarter 2023 Financial Results on February 9, 2024 • Business Wire • 01/11/2024 09:55:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 09:00:53 PM
- Mr. Cooper Group Appoints Mike Weinbach as President • Business Wire • 01/09/2024 09:00:00 PM
- Meta CEO Sells $428 Million in Shares Since November, AMC Hits New Record Low, and More • IH Market News • 01/04/2024 09:51:01 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/02/2024 09:19:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/29/2023 08:45:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:08:37 PM
FEATURED NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM