Mr Cooper Group Inc (COOP)

[Large Green]

Small office with few people makes sense now!

This makes sense if I am correct at what is happening behind the scenes. Think about this rationally. I believe it has been decided according to the laws that the best way for WMIH to succeed is through large merger (s) or acquisitions and the only way this can happen is through a huge capital raise. To me this is the easy part, as the money will come from the Hedge Funds who have made up to three billion off WaMu from insider trading and will either leave their money on the table so to speak through the issuance of some form of preferred stock or the money will be raised through a creative/innovative type of Wall Street offering. One has to have the money raised before they can purchase any sizeable company that could make the tax attributes worthwhile.

This offering could be days to a year away but I would think they would have to have a company in mind along with the price WMIH would pay almost totally agreed upon before they do the capital raise. It does not make sense to do the capital raise first, start paying a coupon rate and then go shopping. They will size it up first and then do the raise if necessary but more than likely the money is already committed from the known players and/or their connections. This would explain why WMIH has very few people and small office and little equipment. The large company that WMIH will purchase already has a General Office and Executive Suites along with all the other perks, so investing very much money now in this type of investment would be totally wasted.