Replies to post #502908 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ ADDED, and to ALL’ ~

In my own opinion ... ? ...

... This is the WMIH-Corp’s, necessary accommodation to “Basel III”, ... (in effect as of January 2017’), ...

SUMMARY:

“”Basel III is an extension of the existing Basel II Framework, and introduces new capital and liquidity standards to strengthen the regulation, supervision, and risk management of the whole of the banking and finance sector”.

... The $600 million, was the necessary “Cash”, “Capital Base”, ... required to get the process started, ...

(~ You don’t have to be the smartest person in the room’, ... You just have to be smart enough to know, who ?, the smart people are ~)

AZ

[hotmeat]

I have always been and am even more skeptical now about this "stock for value" theory. The facts here do not, in any way, support a shares for assets exchange. As for having 3.5B shares available, the BOD has already shown a path how this could be reduced...via a reverse split.