Mr Cooper Group Inc (COOP)

[Large Green]

The Plan - IMHO

The Plan now as I see it and of course this is all in my opinion based on what has happened, what makes sense to me and where I see the players taking WMILT and WMIH. I have always felt there would never be any third party suits actually filed and I still believe that. I believe both events, the escrow shares getting monies and WMIH will happen very close in timing to each other. My timing and event follow for what it is worth.

Now that azcowboy with all of his very hard work and due diligence to show the possibility that there is fifteen billion plus in various tax attributes, I would again like to thank him for all of his hard work. I have always maintained there was at least fifteen billion to thirty five billion in various tax attributes. They will not come into play until WMIH is capitalized grows and challenges the IRS in reference to tax attributes based on some actions that may happen after the claims are all exhausted such as an ownership change did not occur. WMIH may find that there was not an “ownership change” after all and will be able to use more of the billions in tax attributes. This of course may happen in due time, but well after the claims are extinguished in WMILT and capitalization of WMIH gets to a point they will be able to use them. At this point, WMIH would file an 8K discussing how they were able to work with the IRS and WMIH’s NOL/tax professional to gain use of more of the tax attributes. Yes, I am well aware that WMILT and WMIH are two legally separate entities but I still maintain they are directly and indirectly connected.

As far as capitalization goes, many people think that WMIH will buy a public traded company and I now believe that WMIH will NOT buy a public traded company but rather work with private equity to arrange the purchase of a private non listed profitable income producing organization. This way there is far less scrutiny and WMIH can work with the owners to purchase at a huge discount, knowing that in the near future this company will become a public traded organization that will generate huge returns. Of course this would be over the next several years propelling the stock price for the new owners as well as all involved.

This will also help meet the requirement of ‘same and like size’ business while being able to exploit much larger returns much sooner. However, this brings up another interesting point. In order to be accepted to a major exchange there are many rules that WMIH would have to meet such requirements as minimal amount of shares, fees paid, restrictions and a two year history of making SEC/IRS filings that are extremely important. There are many more requirements that I will not go into but I will post a link that will contain links regarding this subject.

http://www.investopedia.com/articles/02/032002.asp

I now believe WMIH wants a two year track record of filings with the SEC, IRS and other that meets the SEC 1934 act for publically traded organizations before applying to a major exchange and announcing the merger partner. The two year period will end on March 19th, 2014 and I believe the claims are being timed to be finally exhausted, settled or expunged by sometime between this year and June of 2014. With that said I am not expecting WMIH to be capitalized before April of 2014 and at this time hopefully all the claims will be finalized as well. I have said for a long time that I expect the escrow shares monies and WMIH capitalization events to happen with a short time frame from one another such as two to three months or sooner.

I know many will not like the timeline, but I have been seeing this for quite a while and the plan to me is very solid and makes much sense. The two year period is vital for WMIH to buy a private organization and then list on a MAJOR exchange. I do believe this is what was planned long ago. Of course, all of the above is in my opinion based on previous facts of this case and what I feel is planned for the future.