Mr Cooper Group Inc (COOP)

[Large Green]

WHAT IS PIPE-Private Investment in Public Equity-SEE ND9 Post Followed by Sunshine's Post-FABULOUS

Thanks to nightdaytrader for the info/link to PIPE

A very good and long article below..... See link at bottom.

ND9

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Market Trends 2020/21: PIPEs
A Practical Guidance® Practice Note by
Ari B. Blaut, Audra D. Cohen, and Lindsey C. Meyer, Sullivan & Cromwell LLP

"According to The PIPEs Report published by The Deal, there were 1,635 PIPE transactions
with a total dollar volume of $101.5 billion in 2020, as compared to 1,027 PIPE transactions with total dollar
volume of $48.3 billion in 2019. This represents a 59% increase in number of deals and a 110% increase in total
dollar volume of deals from 2019."


https://www.sullcrom.com/files/upload/Market-Trends-2020_21_%20PIPEs.pdf

Sunshine's Post Follows

So why PIPE?

As we now all know it is a PRIVATE OFFERING made to a specific group of "accredited" investors, like private equity funds, financial institutions and I include DST, the WMI Liquidating Trust, as well.

And why COOP?

- Came from the same family tree - WMI, INC.

- COOP has the "goods" to exchange for WaMu's monetized assets, specifically 9.4 millions shares of preferred equities that can be subdivided into various flavors to fit the needs.

- The transaction is MUTUALLY beneficial in the following:

(1) We, the beneficiaries to the WaMu monetized assets GET to receive our FINAL DISTRIBUTION in the most tax efficient manner (I.e. Cash & In-kind Distribution which ALLOWS us [/i]the TIME & PACE to dispose of our "in-kind" distribution part for tax management and need purpose).

(2) COOP then GET a CAPTIVE opportunity to raise a "HUGE" amount of capital ( be it $ 10 B or $ 600 B , really doesn't matter).

My point: We have been "PATIENT" ( not by choice of course) up to now and I don't see it to DRAG on too much longer. Remember, the LONGER it takes, the BIGGER the $Recovery ( I.e. COOP has to have a GOOD ROADMAP depicting how to deploy the "newly" raised capital