Replies to post #495389 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

Who can explain the exact purpose of this "embedded conversion feature"? I know how it works (PPS > $2.25 ==> derivative liability, PPS < $1.75 ==> derivative asset), but what is this supposed to achieve exactly? Stabilization of the PPS in the conversion range of $1.75 . $2.25 until they execute a qualified acquisition??? That didn't work out well...

~ Now ? That the D.C. Litigation Is Completed ? ~

There is no longer a WMIH-Corp need for the legal, yet manipulative accounting feature' that the ... "a derivative embedded conversion feature" ... allowed for' ...

whether in the past, WMIH-Corp found a need to report a ... "derivative liability" ... or, as we now see for the entire year of 2017's SEC reporting since the 08/2016 announcement of the D.C. "Settlement" ... the WMIH-Corps ability to report a "derivative asset" as the pps has fallen all year 2017' ... (12/31/2016 pps close @ $1.55)

Remember' ... this "derivative embedded conversion feature" ... IS' 100% exclusive to the Rights Offering' ... That ? is important to understand' ...

Any number of other numerous other' actions or financially relevant forward moves, at this point in time', make that feature of the 01/05/2015 Rights offering' ... 100% irrelevant' ...

AZ

[boarddork]

As the "derivative embedded conversion feature" is/has wound down, what is its relationship to the rights offering going forward?

Is it making the rights offering inconsequential? uneccesary?


On a job site, and trying to understand this better. I am thoroughly enjoying the discussion. THX again!