Replies to post #431884 on Mr Cooper Group Inc (COOP)

[AZCowboy]

... TODAY' There are 202m Shares Available ~

However, as we all watched ... By July 5th 2015' The Company needed to;

Relocate to Delaware'

Increase the available share allocation to 3.5 billion

And; ... readjust the BOD's

Also' ... the two new people were brought on deck' and are designated to be issued 1,777,000 (ish') million shares in the new company (WMIH-Corp) upon a qualified "action" ...

Now, ... the current BOD's all average in the 350,000 share ownership range' ~ Mike & Gene ? roughly 400,000 shares' ...

So, ... awarding these two new people such an increased amount of shares ? I find to be a bit dubious, considering all things'

Here are my conclusions' however' I am not sure of the timing sequence ...

The company (WMIH-Corp) will acknowledge the "equity value" within its recorded sub WMIIC'

The company will begin to purchase ownership of the "assets value" currently held within WMIIC and owned by the Original Debtors Estate'

The company will announce a forward split' to accommodate its needs to value and the existing BOD's accumulated shares will be in line with what the two new people will be given upon an actual qualified action ... conservatively, I speculate a 4 or 5 to 1 forward split'

202 million shares currently out' ... times a 5 for 1 forward split' ... equals, an end result of 1.2 billion shares out and accomplishes numerous things'

IMO' ? ... the existing "equity value" within WMI-Corp(s) designated and owned subsidiary, ... WMIIC ... will absorb any dilution destruction' quite easily' ...

... WMIH-Corp will be absorbed into WMIIC' ... allowed in Delaware and as referred to in the 2015 Proxy Statement'

AZ

[ora123]

if there are assets why don't they pubic them? until now shareholders are still in the dark. what the purpose of doing so?

[bkshadow]

AZCowboy, correct, WMIIC assets used for estate...

...aka, PRE-SEIZURE assets.

...the "after asset liquidation to pay the estate claims of the co-debtors WMI and WMIIC," the empty shell was retained by the reorganized debtor (WMIH, along with WMRRC in reinsurance runoff mode).

...simple.

...simple ask the WMILT as a LTI holder or as an escrow holder.

...they work for you and will fill in the blanks.