Mr Cooper Group Inc (COOP)

[AZCowboy]

~ COOP', ? Why The Delays ?, and why the Distractions ? ... WMIH / acquires NationStar, now NasDaq Symbol "COOP" ? ~

As POSTED", ... Follow the company's SEC Filings, ... the "Registrant", Yes the Registrant, as well as the Corporate Structure ... and' ... the reported outstanding share numbers' ...

I'll help a bit' ...

ON 03/19/2012 ... WMIHC Became The SEC's Submitted "Registrant" for the Reorganized WMI Holding Company', ... that title continued on through the 2015 transition to Delaware, then as "WMIH" ...

let me interject some critical outstanding share information ... (I've done this before)

At WMI's Plan Implementation ... 200,000,000 ... shares were issued ...

,,, in 2015' the outstanding share allocation was increased ... (that sort of ? no longer matters, ... please follow along ... these following dates and sequencing are important')

the end of 2017 10-K shows 206,714,132 shares outstanding (as of 02/2018)

the 1st quarter 2018 10-Q shows 206,714,132 shares outstanding (as of 05/01/2018)

the 2nd quarter 2018 10-Q shows 216,664.908 shares ouitstanding (as of 07/26/2018)

so, a reasonably consistent number of shares is being reported, with the original plans allocation of opening shares at the reorganization's implementation ... roughly 200,000,000 shares ...

Now, here's where things get a bit slippery ... (just sayin') ... follow the share counts' ...

"The Reverse Stock Split affected all record holders of Common Stock uniformly and did not affect any record holder’s percentage ownership interest in the Company, except for de minimis changes as a result of the elimination of fractional shares. The Reverse Stock Split reduced the aggregate number of shares of Common Stock outstanding from approximately1,089,738,735 shares to approximately 90,811,562 shares. The authorized number of shares of Common Stock was reduced from 3,500,000,000 to 300,000,000, and the authorized number of shares of preferred stock remains 10,000,000."
https://www.sec.gov/Archives/edgar/data/933136/000115752318002024/a51880658.htm

The highlighted statement is not accurate ... "affected all record holders of Common Stock" ... "did not affect any record holder’s percentage ownership interest in the Company" ... Nope, Not Hardly' ...

... WE' exited the BK and reorganized with 200,000,000 shares' ... WE' ... then somehow ? (LOL) under Gallagher as our CEO' ... Magically increase to 1,089,738,735 shares' ... WE' have the converted B Preferred into commons, ... WE' ... have the original 200,000,000 )ish) shares ... and Magically ? ... an additiopnal 397 million shares show up to use to ACQUIRE NationStar ... ? ... seriously ? ... and a magically created 1.2 billion shares reverse split ... ? ... come on'

So 1.9 Billion shares were reverse split in October of 2018 ... ? ... I can SEC Submission Follow the original 200,000,000 shares, as well as the converted B preferred ? ... but that DOES NOT account for the amount of shares that were reverse split ... nor, the magical appearance of the additional 397 million shares issued to the NationStar people' ... Cash and WMIH Shares' ... were used remember ? ...

There's more, ... however, ...

"WMIH" became the Parent" ... it's all over the filings ... 2018 was a pivotal year ... and the distractions kept the conversations on everything except what was important and what was going on ... coffee anyone ? ... (L, L, L, LOL)

... COOP Is The "Tell" ... and the "wmi-lt" NEVER Mattered ... shine up those COOP positions, things are about to get interesting ...

just sayin' :)

AZ