Replies to post #506248 on Mr Cooper Group Inc (COOP)

[goodietime]

"on the 25th of January, and the Series A and B Preferred Shares were both "delisted" 01/26/2018'. The very next day.


Is this because of the new conversion rate?

Be 'delisted under the old rate' but 'relisted using the new rate'?

[dennyduper]

The term delisted is being used( I made that mistake too) but the actual term is deregistered. I’m sure they have entirely different meanings.

[JusticeWillWin]

Sorry ron, BS two times!

1) The mentioned "Series A redemption" is the redemption of KKR's(!!!) Series A and NOT WMIH's Series A. Totally unrelated to WMIH!!!

2) The "new" WMIH's Series B were not delisted, it is about the "old" Series B (which was in effect until 01/05/2018) with a conversion price of 1.75 - 2.25 (the number of commons they convert to (=342,857,143) in the document proves this).

From: https://www.sec.gov/Archives/edgar/data/933136/000119312518021846/d416956dposam.htm

This Post-Effective Amendment No. 1 (this “Post-Effective Amendment”) relates to the Registration Statement on Form S-3, Registration No. 333-205426 (as amended, the “Registration Statement”), of WMIH Corp., a Delaware Corporation (the “Registrant”), registering for resale by selling security holders, among other securities, (i) 600,000 shares of Series B Convertible Preferred Stock, par value $0.00001 per share (the “Series B Shares”), and (ii) 342,857,143 shares of Common Stock, par value $0.00001 per share, issuable upon conversion of the Series B Shares (the “Converted Common Stock”).

In accordance with an undertaking made by the Registrant in the Registration Statement to remove from registration, by means of a post-effective amendment, any of the securities registered under the Registration Statement that have not been sold at the termination of the offering, the Registrant hereby amends the Registration Statement to deregister the Series B Shares and the shares of Converted Common Stock that were registered but unsold under the Registration Statement. The Series B Shares and the shares of Converted Common Stock are being removed from registration because they are no longer being offered or sold pursuant to the Registration Statement.

The "new" Series B (in effect since 01/05/2018 have a fixed conversion price of $1.35 and convert to 444,444,444 common shares. They are NOT MENTIONED and NOT AFFECTED by this filing.

Please don't spread such false claims again!

DBNTC Distributed ...

on the 25th of January, and the Series A and B Preferred Shares were both "delisted" 01/26/2018'. The very next day.

Rule 144