~ Hello XOOM, Thank You For Your "Polite" & "Common Sense" Approach ~
Now that the WMIIC / WMI Bankruptcy's Are Closed, Terminated, and the WMI-LT is truly a thing of the past' ... gone, finished, financially deplete, and archived, ...
* In My Opinion and Conclusions, I believe there will soon be a "Melting" of the, Old (the WMI' Corporate Structure) ... and the ... New (the WMIH-Corp Corporate Structure, now trading as "COOP")
* In order to understand' ("which obviously became problematic for ?, yesterday and before'") ... One, a true investor, must take the time to understand the current separations of the OLD' and of the NEW' ...
First', the OLD', ... A Plan 7 Releasing Participant Currently Owns Their Class 19 or 22, specific to their class of ownership, their ESC Cusips, Held "on their behalf" in Their Election Account At The DTC ...
Second', the NEW', ... WMI reorganized into the present tense parent corporation, WMIH-Corp', and, with KKR's help, has transitioned into what the New Company's Corporate Structure is now' to the present tense ...
~ Currently', These Are Still and REMAIN Separate Considerations Of the Ownership Between the OLD and the NEW, This MUST BE FIXED (IMO) ~
* The Owners Of the OLD', now that the BK's are "Terminated", and the class ownership is depicted by the ESC Cusips, ... those Tracking Markers, will / should, receive their OLD CORPORATE STRUCTURED "Dividends" that were withheld from distibution during the Parent Corps' (WMI) BK's ...
Separately;
* The Owners Of NEW', will experience the forward movements of "COOP"
~ Ownership of BOTH' is NOT Dependant on a receipt of distribution, however, obviously the MORE That is owned, the better off one will be financially' as a total' ~
* Now, Back To The NEW (WMIH-Corp, Trading a symbol COOP), ... in 2015' One of KKR's requirements was for the company to increase the share availabilty usage to 3.5 billion', ... that increase in share count count was earmarked for the NEW Company to be used in part, as an acquisition' ... IT DID' ...
With the shares being referred to as a "Merger Consideration", ... as of 06/30/2018 with 216,664,908 common shares out, ... the NEW COMPANY issued an additional 416,423,245 Total Shares to complete its acquisition of NationStar' ... then KKR converted its "B"s at roughly 458,591,665 common shares' as well' ... and,
... So, ... as of 08/15/2018, ... Our NEW Company had increases the share count to a total of 1,089,679,818 common shares' ...
The 12/1 recerse split was announced ?, and rest is where we are today' ... with roughly 91,087,252 common shares available' ...
* WMIH-Corp diluted itself with the 2018 issuing of the "Merger Consideration" Shares' ... That dilution' must be corrected ...
* Now back to the beginning, ... Now that the BK's are Closed, and our newly reorganized WMI', "WMIH-Corp" has been able to acquire a servicing mechanism, ... Again, Everything must be corrected' ...
The original WMI earners, (the Trusts), must clear their books of any and all dividends held and still owed, ... That is where the ESC Cusips come in ...
"COOP" In My Opinion will file a new "Shelf Registration" readjusting the outstanding shares' ... eliminating the "Merger Consideration" shares it used, which diluted us', ... and will also announce some type of a forward split at the same time, with EVERYONE' owning the same thing, under the NEW COOP Cusip' ...
The "DIVIDEND RETURNS" of the WMI Products' Produced By The Original WMI Corporate Structure, purchased by individuals and institutions, Is Truly What "Everyone" owned ... No One OWNED WMI' ... ~ Know What You OWNED ~ ... and, in my opinion what has survived and should be' returned' ...
* So as I recently answered "Windfall", within the SEC filings, there are "Dividends" available for earnings, and dividends available beyond earnings' ...
* and a New Shelf Registration will properly adjust the companies dilution of shares', which again was initiated by the company, prior to ANY Dividend Release' ...
AZ
