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Wednesday, June 25, 2025 5:54:07 PM
Tako, is something triggered where we (legacy holders) might get a wmih Trust payment, or maybe jpm chase payment, or wmih safe harbor assets, or stock in coop/rkt/flg/etc? Any updated thoughts about how and when disbursement might take place?
Yes, there is something triggered, which is the announcement of RKT/COOP merger that made legacy shareholders unite with their assets and have it under their ownership. I knew it sometime before the actual announcement because there were plenty of signs I was seeing directing us to the outcome we have today.
If you remember, before the merger, COOP's balance sheet was showing only 18.9b in total assets, while NSM had 1.56T unaccounted for, but after the merger, COOP will own 525b in total assets, and the legacy shareholders' share of these assets is no less than 131b
After the merger is completed, we should be looking at how RKT's balance sheets are showing and is it one combined balance sheet or two separate ones which I doubt since RKT did acquire the whole enchilada. Therefore, I expect right after the merger to see more than 1:11 shares distributed to legacy shareholders, or RKT will jump to $130+ to compensate us for the assets we own.
It is over and we are paid ..AIMHO
"Despite I believe 100% in my DD but still it is my opinion and not a recommendation for anybody to make a financial decision of buy or sell accordingly"...Thank you...Tako
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