Replies to post #493057 on Mr Cooper Group Inc fka COOP

[JusticeWillWin]

How could a possible share-for-value scenario look like -->

Only if AZ's and ron's theories come true!!!

Some facts:
* WMIH has currently 206M outstanding common shares @ $0.75
* 30.7M warrants for KKR @ $1.32
* 30.7M warrants for KKR @ $1.43
* 10M commons from Series A if they convert
* Series B currently convert @ $1.75 and are converted to 342M commons

Let's make some assumptions:
* $10B coming back to the WMI-LT
* these assets are illiquid and must be managed by a company
* WMIH does a combined transaction
-----> it buys a company that can manage these assets for around $600M (the cash from the Series B ==> 342M new common shares)
-----> WMIH then "assumes" the $10B from the WMI-LT and issues 2B new shares, out of the 3.5B authorized shares which are ditributed among the escrow holders 75%/25%

Total outstanding shares is then 206M + 30.7M + 30.7M + 10M + 342M + 2,000M = 2,619M shares

Total equity of WMIH is then $154M + $600M + $10,000M = $10,754M

--> PPS = $10,754M / 2,619M = $4.10 (at the day of the announcement)

If $20B come back instead of $10B:
--> PPS = 2 X $4.10 = $8.20 (at the day of the announcement)

If $25B come back instead of $10B:
--> PPS = 2.5 X $4.10 = $10.25 (at the day of the announcement)

and so on...

They close somewhere below $1, announce such a deal pre-market and open with one of the PPS above, depending on the value of the assets coming back to the WMI-LT

Note: In the PPS I did not consider any positive P/E Ratio, only pure equity!

Possible? Comments? Flaws in my calculations?!?

Again, only if AZ's and ron's theories come true!!!

Of course, no investment advice, only my ideas...