Mr Cooper Group Inc (COOP)

[AZCowboy]

~ Some "COOP" Napkin Math' With The Word "AND" Being Taken Literally' ~

"5% Dividend Payable In Common Stock at the higher of $1.05 per common share and market value is a satisfactory alternative to a cash dividend given by the company's current free cash position"

These Are My Own Calculations Moving Forward, ... which have zero to do with the specific Trustee(s) accumulated interest earnings held ... that, still need to be, and will be' caught up' ... for the Company "WMIH" as well as for each releasing recipient of their "CHOSEN" form of WMI's Reorganization Plan 7 "Participation", by way of their DTC Issued ESC Cusips' ...

So,

5% of a $25.00 (ish) pps is $1.25 ...

the $1.05 needs to be multiplied times 12, or $12.60

$12.60 plus $1.25 is $13.85 or roughly .554 per "COOP" Common @ $25.00 ...

So, 90,853,569 COOP Commons, times a COOP common stock coupon' would be 90,853,569 times .554 or COOP' using the release of an additional 50,332,877.226 common shares (ish), as its coupon' ...

For every ONE' Coop Common Share, a Common Share Multiple of roughly .554 will be issued as a Coupon' ...

So, 100 Shares of COOP' Times .554 will be 155.4 shares of COOP' once the coupon is issued' ...

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Dated: November 18, 2020

https://www.sec.gov/Archives/edgar/data/933136/000114036120026252/brhc10017193_sc13da.htm

"Stock (“Series A Preferred Stock”) held directly by KKR Wand Holdings convertible into 838,802 shares of Common Stock, 1,766,468 shares of Common Stock held directly by KKR Wand Holdings, and 13,006,776 shares of Common Stock held directly by KKR Wand Investors. The percentage of beneficial ownership in this Schedule 13D is based on 90,853,569 shares of Common Stock outstanding as of October 23, 2020, as reported in the Quarterly Report on Form 10-Q filed by the Issuer on October 29, 2020, and assumes that all 838,802 shares underlying such Series A Preferred Stock have been converted, as applicable, and are outstanding."

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https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159642499

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Interesting' ... Now, that this amended 13D has been filed as of' November 18, 2020, I seriously doubt the actionable event will take very long to be announced', ... after all, although a same day activation and announcement is allowed by the SEC and the NasDaq', ... an actual shareholder of record date ?, hasn't been announced' ...

Not Bad, ... with a .554 common share coupon, ... it's a 1.554 common for 1' currently held common ... (ish)

just sayin' ...

AZ