Mr Cooper Group Inc (COOP)

[marayatano]

Factor dilution to commons from PFG claimants and DIMEq:

Approx. $35 million from PFG Claims, et al., subordinated to commons, will dilute commons' share of WMI2. This does not include DIMEq's 8.77% share of commons distribution. See PDF page 11, para 3.

http://www.kccllc.net/documents/0812229/0812229101217000000000005.pdf

and...

While WaMu shareholders may only have recovered two cents per share worth of value for themselves, the fact that they recovered anything at all is a testament to their persistence and willingness to challenge the conventions of corporate bankruptcies.

http://www.thestreet.com/story/11425619/2/4-ways-washington-mutuals-bankruptcy-still-matters.html

Puts you further out of the money, but does not account for those who did not submit releases.

imo