Very expensive and time consuming. If the WMI non-Debtor Subs are going to COOP, why create a new company that needed outside investors just like KKR provided for Eclipse?
Why not just COOP do it! COOP has $2.5 million available, but didn’t do it.
With my W-9 submission in 41.6 I released JPM, and released WMI (WMI Holding Corp) with 41.7.
WMI Holding Corp Is not COOP!
WMI Holding Corp Was Eclipsed by three magic Wands.