Mr Cooper Group Inc (COOP)

[David West]

Assuming plain numbers have meaning:

Using a conversion ratio of .03426 to 1, and using the original 1.7 billion shares of common:

We Joe-Six-Pack, Mom-and-Pop shareholders now own 58,242,000 shares out of 201.2 million, or 28.9473% of the company. This leaves 142,958,000 shares (71.0527%) for someone other than original equity.

Or

Using a conversion ratio of .03426 to 1, and using the adjusted 1.4 billion shares of common:

We Joe-Six-Pack, Mom-and-Pop shareholders now own 47,964,000 shares out of 201.2 million, or 23.8390% of the company. This leaves 142,958,000 shares (76.1610%) for someone other than original equity.

Shareholders who own the 70-plus percent of the company have access to better information than ordinary investors have, and are trained professionals. Therefore, it is unlikely they are trading any of their shares. The shares being traded are non-existent shares (shorting and covering), and an unknown quantity of shares traded by ordinary equity.

There must be a profitable reason that someone owns the 70-plus percent of the company, and is holding on to it. Otherwise, they would have dumped all of their shares when WMIH opened @ 1.14.

Seventy-five million Elvis fans cannot all be wrong.

The owners of the 70-plus percent of the company did not invest in their knowledge, experience, and in this stock to watch out for your rights or your investment. Neither I nor anyone else with any sense did either. No one is looking out for you except you. Fend for yourself and take responsibility for the results of your own actions.

The main thing that should concern ordinary equity is can the owners of the 70-plus percent of the company maneuver the shares so that ordinary equity loses again.

Not opinion. Fact.