Mr Cooper Group Inc (COOP)

[Royal Dude]

I made a big mistake. The theory is still correct, just the target PPS was incorrect. $81

"1std distribution minimum

According to the calculator

P's = 1000 +

u's = 2.09

For second distribution

Value of MBSs 900 Bil 30% (market Value) =270 Bil X 30% = 81 Bil because WMIH is only 1 of 3 Players' (KKR, Banks(C,BAC,WFC,F/F Etc.)and WMIH

3 Bil Shares outstanding for new company COOP?

KKR 1 Bil

Banks (C,BAC,WFC, F/F Etc.) 1 Bil

WMIH 1 Bil

Value of WMIH and our contribution to (COOP/Humpty Dumpty) MBSs = 81 Bil /1 Bil = $81 PPS

Hoping for 1:1 for U's/COOP 1:1