Replies to post #510054 on Mr Cooper Group Inc (COOP)

[hotmeat]

Yes that is correct. From rough calculations using that 477M figure, KKR would end up with their max allowed 42-43% ownership of WMIH but they would then own more shares than legacy holders. Not sure how that will affect the NOLS??? In fact both KKR and NSM holders would own more shares than WMIH shareholders!!!

KKR- 477M shares WMIH

NSM- 399.6M shares WMIH

WMIH- 233.4M shares WMIH

That doesn't seem correct IMO.