~ Distro', The Best Example Of A "WMIH" / "COOP" Dilution Correction Is Found In Its Own Filings, On The SEC site' ~
... I'll begin with, ... NO ONE COULD HAVE EVER KNOWN, prior to January of 2020', that the WMI BK Cases, would be "Closed" "without prejudice" on 12/20/2019, leaving All of those originally filed general unsecured claims, filed by the March 2009' Bar Date ... OPEN' ... That Is HUGE' ... These original "WMI" preferred filers were never worried' ...
... So, If You consider what "WMIH Corp" did, in between the 10-Q filings during the third quarter of 2018' ... The companies own dilution of itself' is as plain day ... that's what I refer to as the KKR dilution, because the requirements set upon the company in 2014 and 2015' to gather the "A" and the "B" issued Cash', ... the move to DE., plus the increase to the 3.5 billion share allocation etc. ... all comes to a head in the third quarter of 2018' ...
I'll simplify the best way I can for this type of a truly unusual group and format', ... In 2015 The company, WMIH Corp., issued the KKR "B" preferred for Cash it was to hold, and pay a 3 % quarterly coupon on the money' ... Third quarter 2018 comes and at the beginning of the third quarter 2018, the company reports 216,664,908 common shares out' ... buy the end of the third quarter 2018, the company reports 90,813,598 shares out' ... what happened ?' well what happened was the dilution of the company, that I Believe' needs to be corrected' now that the WMI BK's have run their course, and have been "Closed" ...
during the 2018 third quarter, the company issued roughly 400 million shares of itself, and the KKR "B" preferreds were ALL' converted, ... bringing the shares out to roughly 1,090,000,000 shares (400 million issued by the company, 400 million from the KKR B conversion, and' ... the original owners of the reorganized WMI's 206,000,000 shares' ... (I can be specific', but you asked for "simple")
I would like to believe that the entire additional 800 million shares issued causing our dilution would be corrected, ... however' ... I can only find the important wording related to the ... "Issuing Of Secondary Dilutive Shares" ... as applied to the KKR converted shares' ...
So, as my own conservative consideration, ... 400,000,000 KKR converted, ... divided by 12 of course, ... would be a COOP forward split of roughly a 3 for 2' ... or issuing an additional 40 million shares of itself to correct the dilution KKR's conversion caused at a minimum' ... maybe more' ...
AZ
AI
Market Data 
Markets 
