Mr Cooper Group Inc (COOP)

[stoxjock]

Mad4,

Sorry to hear that you are facing a Cash Crunch and facing a Dilemma of whether to sell your COOP Shares.

Unfortunately, the present situation has been muddied due to silence/misinformation from WMILT. IF you had asked me this question like 2 years back, I would have said that you could sell your WMIH shares as whatever recoveries we get would be coming through our Escrow markers and the two are not tied to each other.

BUT after this whole merger with NSM and the 12:1 exchange to COOP shares, I have my suspicions about all our recoveries coming through Escrow markers for the following reasons:
1. The way COOP PPS was deliberately brought down to allow ALL "Latecomer Hedgies" and others to the party, to pile into COOP shares on the Cheap.
2. The recent Docket from WMILT which is indicating that Upon BKs Closure AND, after the FINAL Distribution (of supposedly the DEE COOP shares, but looks like a lot of things are being left unsaid at this point), the Escrow markers will be deleted.

Due to the above two reasons, IF they get rid of our Escrow markers, without any recoveries coming to them AFTER BKs closure in December 2019, then I can only hopefully assume that what ever 'F&R" recoveries they promised us would come through some rapid spike in the PPS of COOP shares... That would be a highly fraudulent scheme in that they massively devalued & diluted our WMIH shares by the time we got the COOP shares...

I sincerely hope you would be able to hold on to your COOP shares at least through end of 2019 to get your recoveries, IF they are come through appreciation of the PPS.