Mr Cooper Group Inc (COOP)

[jackson227]

Can somebody please check my math? These new holdings #s from http://www.mffais.com/wm.html
Are making me crazy. I keep taking the new holders total value and dividing that value by the total # of shares and keep coming up with $16.60 per share.

Now WTF are these people buying? New common stock??? Do you think that each current share is going to be assigned a value of 4.15 ? 8.30 ? 5 ? 10 ? and be part of an exchange for new stock/warrants, etc? Do you think the value of the new stock is going to be 16.60 or do you think it will be $20 and these “early investors” are getting a good deal, are these new buyers purchasing a new issuance of preferreds to raise immediate capital for WASHINGTON MUTAL so they can pay off SUE JPM without having to use any, or should I just contact WASHINGTON MUTUAL INVESTOR RELATIONS at : investors.wamu.com ?

I know I’m a crazy moron, but somebody please talk some sense into me. Thanks


Shaw D E And Co Inc
Institution 0.00 % 2008-11-24 160,952 $2,671,803 New Holding 160,952 100.00 % $0


Rochdale Investment Management Llc
Institution 5.72 % 2008-11-21 100,000 $1,660,000


Gamble Jones Morphy And Bent
Institution -0.44 % 2008-11-13 10,400 $172,640 New Holding 10,400 100.00 % $170,976


Artisan Partners Ltd Partnership
Institution -9.94 % 2008-11-13 372,800 $6,188,480



$16.60 ??????