Mr Cooper Group Inc (COOP): Noperini, WMI never reorganized as WMIH...

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Re: AZCowboy post# 578839

Sunday, 06/16/2019 9:53:28 PM

Sunday, June 16, 2019 9:53:28 PM

Noperini, WMI never reorganized as WMIH. What did happen, was that WMIH was formed and spun off of WMI. It is TOTALLY separate and independent of the BK WMI. Currently WMI is in liquidation mode, that's why there is a WMILT. There is not much left of WMI any longer, you will soon see that. So the stock of WMIH, now COOP, is your fair and reasonable settlement. I know that it doesn't seem fair and reasonable, so that's why so many extreme theories have erupted on message boards. But if you signed releases, you will have escrows to get a small portion of WMIH stock, and most likely nothing more. Now that's the way it is.

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