Mr Cooper Group Inc (COOP)

[AZCowboy]

~ Nosch, Our Present Tense Reorganized Company, IS A Direct Derivative Of The Original Company, WMI ~

“Washington Mutual, Inc. is a legal entity separate and distinct from its banking and non-banking subsidiaries. It’s principal sources of funds are cash dividends paid by those subsidiaries, investment income and borrowings.”

... at the time of the seizure, WMI’s banking liquidity adjustments to the positive were scheduled for latter 2009’ ... WMI was seized anyway, and reorganized in 2012 ... leaving 31 quarters of dividend accumulation since Plan 7’s Implementation ....

Just some rough cumulative numbers; ... after a consideration of the calculable amount of shares out’ = 882,557,330 ...

WMI Common Share = .55 per quarter ...

WMI Preferred “P” Share = $19.16 per series “R” ... quarterly’, (an important distinction) ...

WMI Preferred “K” Share = .36 per depository share ... quarterly’, ...

Now times the 31 quarters since the reorganization, Plus original base producing value, Plus Interest assignments, etc. etc. etc ...

And in my opinion, a reasonable view of the reorganized WMI, now being called *Mr Cooper’, trading as symbol “COOP”

AZ