Replies to post #478445 on Mr Cooper Group Inc (COOP)

[baldeagle1]

Quote: "As far as the Legacy shares and Escrows go, both are exactly the same since the amount of escrows one received was based on how many Legacy shares each holder released."

You are correct, as I was thinking about the conversion in which we received WMIH shares. That was based on x number of legacy shares equal one WMIH shares, thus reducing the active number of trading shares, whereas the escrow shares remained dormant, awaiting proceeds from the final BK settlement/reconciliation!

I agree that lots of recent events seem to be leading up to possibly a very exciting month of June for all of us!

GLTY my friend, and to all WAMU/WMIH shareholders! Tomorrow we resume trading and await further news/announcements! Our time is near! :)

[es1]

Wouldn't this be a reason to buy something before escrows are awarded?
If it is $1b they need to distribute shares for and the pps is at a buck they issue 1b shares.
But if they buy something and the pps gets to $10 then only 100m shares are used.
Leaving them more shares for future use.