~ ItsMyOption, Thank You For Your Considerations' Regarding WMIH and COOP of Course ~
- Re: A Requirement Aligned With The "Release of the Use" Of The Capital Trusts "Debentures" How would a forward split play into that?
... A Forward Split Wouldn't Play Into That ... The "Debentures" would merely provide collateral for additional debt offerings' ...
- Example if the BOD’s approve a 12:1 forward split than any pps above $4.17 would be above the #50 pps pre F/S. I do see the big players with all their inside info running the pps up $50 or higher to help in split as it would give more outstanding shares after split.
... Yeah, COOP's pps rising above $50.00 Is A No Brainer, In my opinion ... and ... I DO NOT See a forward of anywhere near that size happening, ... First ?, probably an action addressing the amount of shares that were improperly included in the R/S in October of 2018', ... I don't see a big number, ... maybe more than 1 forward as time moves forward as well ? ... We'll just have to wait & see' ...
- We currently have 75 million outstanding. Do you have a handle on how many shares the BOD’s would need after split to realign COOP to have full use of NOL’s? Even a 12:1 forward split would only get our outstanding shares up to 900 million – is that enough or do we need to get to 1.2 billion outstanding?
... hhhmmm, ... I would have to go back and look, but from memory, something like 416,000,000 million shares of WMIH before the reverse were R/S and should not have been included' ... 416,000,000 / 12 would be roughly 35,000,000 shares' ... So, ? ... maybe a 1.5 for 1 forward gets things back on a level playing field ... ? ... and a manageable 110,000,000 outstanding' ... But ?, I am always conservative' ...
I do feel strong that we will see many thing taking place BEFORE END OF 2021 as the big plays want the tax event in 2021 as taxes are going up for them next year. Hope it is before Christmas as I got some big gifts to give out$$$
... I Agree, Things are moving quickly now ...
I hope that answered my own views as associated with your questions' ...
AZ
