cura asada, thank you for posting again. I appreciate your due diligence as I am sure many here do as well. I and BBANBOB have spoken about this very subject many, many times for a long period of time and have been more than chastised for this but that is fine.
cura asada, you said the following "IMHO
The reason for the drop in COOP's stock price is the 660.000,000 shares WMIH that are about to be issued and authorized io to complete Wand acquisition see "Eclipse ".
Copy paste
Wand Merger Corporation (“Buyer”), a newly formed shell entity which is an affiliate of WMIH Corp. (“WMIH”), intends to acquire, directly or indirectly, all of the outstanding equity interests of the entity previously identified to us by you as “Eclipse” (the “Company”) from the equity holders of the Company. "
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1) I too believe a transaction must happen before the BK case is closed
2) The reason I believe it must happen before the closure is Rosie must give back to "old & cold" investors their portion of (DCR) denied claims reserve shares
3) When the DCR was originally set up with 5 million plus pre Reserve Split COOP shares, there is no doubt part of their plan was to return enough shares to ensure there was not an Ownership Change once the BK case is actually closed - This will allow for COOP to refile with the IRS showing there was not an ownership change, thus allowing billions and billions more in various legal tax attributes to avoid paying takes on profits
4) So Rosie has told us he would like to have this case closed before year-end 2019 to the first part of 2020
5) I too believe there will be a preferred offering and they will use the ten million authorized shares to give to Preferred Equity interests investors who signed timely releases by 3/2012
6) Then Common Equity Interests will receive 50 million plus common shares for their timely signed releases as well
The aforementioned can literally happen any day now that all creditors have been dealt with and paid off since 2/25/2019
