Mr Cooper Group Inc (COOP)

[Large Green]

More Fabulous Diligence From Dmdmd1:

Per SEC filing :

https://www.sec.gov/Archives/edgar/data/933136/000119312515070176/d838601dpre14a.htm

Page 43

“
Appaloosa Investment Limited Partnership I = 4,439,185 WMIH

Palomino Fund Ltd. = 6,662,182 WMIH

Thoroughbred Fund L.P. = 2,946,035 WMIH

Thoroughbred Master Ltd. = 2,982,592 WMIH

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Tepper et al converted their released Class 19 claims (I’m assuming that all WMIH converted were WAMPQs for easy calculations). The reason I’m assuming that they bought Class 19 Equity prior to BK emergence is because I’m assuming that they had all the insider information with respect to Class 19 being able to participate in a Private Equity deal while Class 22 will be excluded after WMI recoveries start.

WMIH owned by Tepper et al as of December 19, 2014:

Tepper et al Total = 17,029,994 WMIH / 19.8005825 WAMPQ conversion = 806,075 WAMPQs released

WMI Recoveries = $625 billion
WAMPQ = $66,111

806,075 WAMPQs x $66,111 = $53,332,074,255

Total Tepper et al WMI Recoveries = $53,332,074,255

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IMO…my conclusions as September 25, 2022 @ 1520 CST:

If WMI RECOVERIES = $625 billion

1) Bonderman et al total recoveries via Class 22 alone is at least $105 billion; I contend they also released Class 19 and creditor claims from a principal investment of $7.2 billion.

2) Tepper et al total recoveries via Class 19 alone is at least $53.3 billion; I contend they also released their creditor claims and Class 16 claims. I don’t know the principal investment of Tepper et al.

3) just the two above investor groups alone potentially will receive $158.3 billion

$158.3 billion / $625 billion = 0.25328 or 25.328% of all the WMI recoveries!

4) Underwriters = 72,000 WAMPQs (from $96 million indemnity claim)

72,000 WAMPQs x $66,111 = $4,759,992,000

So 14 years to wait is a long time, but I contend it will be worth the wait!

Happy 14th anniversary of the WMB seizure!!




xxx