Replies to post #495854 on Mr Cooper Group Inc fka COOP

[Mr Bombastic]

I'm not understanding this theory. WMIIC was closed, it doesn't exist anymore, see page 8.

https://www.sec.gov/Archives/edgar/data/933136/000156459017023336/wmih-10q_20170930.htm

And the wmilt can only return cash, not shares. So I don't see how your speculation could work out like this.

[wamuvoodoo]

So panda your going with just a share payout no guaranteed cash??

[ReikoBlack]

WMIH currently has only 3.5 billion shares of common stock authorized for issuance.

Are you saying that sometime between now and before the exchange of "3.5 billion shares for all those assets" that the Company will authorize an additional 200 million more shares for issuance?


(Actually, they would have to authorize an additional 206,714,132 million more shares, to be precise, since this is the current number of Outstanding Shares.)


(And, on top of authorizing additional 206,714,132 million more shares they might have to authorize an additional 61.4 million more shares because of KKR's warrants.)

(Did i miss anything else?)

WMIH will then be valued at all merged assets from safe harbor (cash + remaining interests in future loan portfilio profits) divided by new 3.7 billion shares base (3.5 billion to escrow + current 200 million shares).

[JusticeWillWin]

Sounds interesting! Just one remark: There is no need to issue/use all of the 3.5 billion shares IMO

2 billion, 1.5 or 1 billion COULD be sufficient. It only depends on the value of the assets they receive from the WMILT in turn for those shares. The total resulting PPS (which could be calculated by them in advance) needs only to be higher than the all-time high of $3.74 IMO, so nobody (not even the ones who bought at $3.74 could complain/sue because then nobody (except the shorties ;-) ) would suffer a loss). They could calculate the number of new shares needed and allot them to the WMILT which will distribute them to the escrow holders (directly or via WaMu 1031 Exchange, I don't know).

Please have a look at my three posts in the following order, they address the same theory:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135672374
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135682566
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135714115

But of course this all makes only sense if it really comes to a stock-for-value-swap