Mr Cooper Group Inc (COOP)

[Large Green]

FROM Dmdmd1 - His Summation From a Longer Post - I Concur With Assessment


IMO…my conclusions as of September 08, 2021 @ 0812 CST:

1) All WMI/WMIIC Bk litigations have been resolved prior to June 30, 2021.

2) Potentially all WMI assets (per the “Source”, $600 billion) have been transferred to Mr. Cooper Group on or before June 30, 2021.

3) IMO, KKR joined this Wamu saga post bankruptcy emergence in order to facilitate a merger with Nationstar Mortgage in 2018. As of August 02, 2021 KKR no longer owns any stake in Mr. Cooper Group.

4) CEO/Chairman of Mr. Cooper Group (Jay Bray) is allowed to sell 10% of his stake (common shares) in Mr. Cooper Group starting between September 23, 2021 to September 23, 2022. IMO, there will probably be a public disclosure (about a material event) on or before September 23, 2021. Keep in mind that other Mr. Cooper Group insiders/directors have been selling Mr. Cooper Group common shares per Form 4s:

Filed as of August 20, 2021:

https://www.otcmarkets.com/filing/html?id=15178974&guid=zlO9kKE1xYRYhth

Filed as of September 03, 2021:

https://www.otcmarkets.com/filing/html?id=15211729&guid=zlO9kKE1xYRYhth

IMO…Therefore, there is some material non public information that Jay Bray is privy to and he cannot sell his shares prior to September 23, 2021.

5) So what are we waiting for?

My answer: The dissolution of the WMILT.

https://www.boardpost.net/forum/index.php?topic=17382.0

If the recent PLR does pertain to WMI/WMILT, then there was probably an extension to March 22, 2022.

Draw your own conclusions!