No BBAN, I wouldn't be so Charitable to COOP Management...
What you say is not true. Almost 99% of Legitimate Public companies listed on NYSE/NASD companies bo not "Gift Away" FREE Shares. They will Gift "Stock Options to their Executive Management and that is a Very Legitimate way to "Align Shareholders' Interests" with 'Management Compensation" and achieve results for the com[any that are "Mutually Beneficial" to both Shareholders as well as the Management of the company... BUT What COOP Management and BOD and of course the PE/Hedgies doing is just 'Embezzle' the Equity of the company from Shareholders to themselves... And, Unfortunately with Active Connivance of "Trustee" Kosturos and 'supposed' Champion of Equityholders - MW...
There are clearly "Many Moral Hazards" that are continually occurring ever since WMIH merged with NS --
First,the deliberate 'decimation' of Stock price of WMIH from almost $4.00 to ~$1.00, so that KKR could get an 'undue portion' of new WMIH shares for their investment.. Then the subsequent "12:1 Reverse-Split" with Value of new COOP PPS 2 $18.00 AND,
NOW,One of the Worst, "Conspiratorial" Manipulation of PPS of any US Listed Company Stock I have ever seen in my 25 years of investment in US Stocks... ALL the WAY from $18.00 to $7.15, pretty much by "Shorting at Will" by the Powers that be, so that they can 'Embezzle AGAIN" the maximum amount of Shareholder wealth by getting Maximum Number of new COOP shares, for the "Bonus Money" that the COOP Management was "Gifted"...
This is Much Worse that even some Bio-Tech Penny Stocks I have seen.
