Replies to post #469035 on Mr Cooper Group Inc (COOP)

[muyuan51]

p.s. I'm talking of the INVESTOR RIGHTS AGREEMENT between WMIHC and KKR Fund Holdings L.P., entered as of January 30, 2014 !

[BBANBOB]

I wonder if any have done any math calculations lately

Take THE CURRENT KNOWN share count when the stock was @ 2.20 where we sat for months on end, then INCREASE it by 100 mill shares allowed by warrants, figure the dilution and see what the share price for WMIH would be AFTER 100 million share DILUTION.

[phinhead1972]

This doesn't save common holders.
1- "the company" that has togive the approval is comprised of a few execs that are beholden to KKR,so they would grant approval

2- 42 percent owndership is planty to take it private because there won't be anybody with a combined big enough percentage to oppose, the other big players Tepper and such got private offering preffereds, so they won't vote no, they will be paid handsomely and don't care about commons

since you are reader, read about SPACs, 95 percent of them pay back their loans and fold, or are folded into private entities