~ "Tweaked and Updated"; I S@@, There Is Still Lots Of "WMIH" / "COOP" Unsupported Theories and Guessing Still Going On, Always From The Same Arena' LOL' ~
Here's the skinny the way I have viewed this process' ... now revealed' ...
* The WMI Holding Company Was Legally Able to "Reorganize" Into WMIHC in March of 2012 ... With WMI's Subsidiary Network Still Functioning ...
* During 2015' The Company was put through some requirements and changes' IF ?, it wanted KKR to become involved ... and subsequently converted to "WMIH" ...
* In Oct or Nov of 2015 (I don't remember exactly which month) There was a failed attempt to acquire' ... (I believe the target acquisition was NationStar, then as well)
* In 2016 and 2017 Talks of Acquiring NationStar & its Subs were still ongoing and continuing
* By the end of 2017 and early 2018 The Stipulations Made to Acquire NationStar were set' ...
* ... "WMIH" ... DID NOT HAVE "Enough" To Complete the "Acquisition" ...
* NationStar would NOT BUDGE' and made it clear that they would Pull Out'
* So, "WMIH" needed More Cash as well as more Shares' ...
* The 2nd Private Rights Offering (documents now removed from the SEC site) Issued an "Additional" series of "Secondary Dilutive Shares" which increased the outstanding share count as well as providing the additional "Cash" that was needed', from the purchasers ...
* The "Acquisition" of NationStar went through on July 31st of 2018' ...
* The Company's 8-K On Monday the 2nd, Revealed on Tuesday August 3rd, 2021, Those' Initial 11 million Shares, were now Being Bought Back' ...
* WMIH / symbol COOP' ... now has its share allocation put back into proper order ...
... "Finally" ...
As The Company ... "WMIH and its Subsidiary's" ... "COOP" ... begins to acknowledge the original WMI "Debt Collateral" provided to the Company by the Original Subsidiary Network' ... The DTC ESC Cusips will be utilized to return accumulated interest still owed to an Original Plan 7 Releasing "Participant" ... to those that continue to show the DTC ESC Cusips in their brokerage accounts' ...by way of their chosen level of WMI Participation ... Be it a 992' or an 84' ?, ... Original Fixed Income P and K Bond Purchases ?, ... or by way of actual ownership of the company itself by way of a Plan 7' released common share, now depicted by ones holdings of DTC ESC Cusip # 939ESC968 ...
In mid May of 2018, ... J Brey & Company were ready to pull out. ... Magically, (LOL) ... The "Accelerated Filing", needing completion by May 31st 2018 Got Pushed Through ... Naming "WMIH" The Parent Corporation ...
AZ
AI
