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Wednesday, December 30, 2020 3:31:25 PM
An 8K Filing is a Material Event which MUST be filed within 4 BUSINESS days
Thanks go to Dmdmd1 for his example and due diligence.
My calculations are in line with the proportion of initial WMIH you received after emergence (March 19, 2012).
For example:
If you had 1,000 WAMPQ x 19.8 = 19,800 WMIH
19,800 WMIH / 12 (Reverse split post NSM merger = 1,650 COOP
If new COOP shares are issued :
19,800 WMIH x 5.45 = 107,910 WMIH shares
107,910 WMIH / 12 (Reverse split) = 8,992.5 new COOP shares
So by issuing 8,992.5 new COOP shares it is in proportion with the original share structure of WMIH.
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