Replies to post #514646 on Mr Cooper Group Inc fka COOP

[Nightdaytrader]

Large Green, I'm not a legal/contracts expert but my first thought was, no, this has to occur later. How could WMIH issue millions of more shares before merger. That wouldn't be fair to Nationstar and they would cry foul, because WMIH would be diluting the value of WMIH shares (assuming Nationstar is coverting their shares over to WMIH shares).

However, then I read the key factors in the WMIH-NSM merger below. The two below caught my attention. Notice the second one states "the fact that the merger consideration is fixed and will not fluctuate based upon changes in the market price of the WMIH common stock between the date of the merger agreement and the date of the consummation of the proposed combination." Now that's an interesting statement. That implies WMIH might be able to issue more shares and it wouldn't matter to Nationstar. But again, I'm no expert in this area....

ND9

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KEY FACTORS IN WMIH-NSM MERGER

• the belief that WMIH’s platform, together with and more creativity around capital markets execution, could create incremental economics through more efficient monetization of mortgage servicing rights and other assets;

• the belief that the terms of the merger agreement, including the merger consideration, were the result of extensive arm’s-length negotiations between representatives of WMIH and Nationstar; and the fact that the merger consideration is fixed and will not fluctuate based upon changes in the market price of the WMIH common stock between the date of the merger agreement and the date of the consummation of the proposed combination, providing greater certainty to WMIH regarding the anticipated financial benefits of the combination;

[AZCowboy]

~ LG', Yes' In 2012, I Released In Support Of Plan 7 ~

As I have said to the group numerous times, ... At Plan 7's "requirement" to participate, I fully released my WMI' Class 19's, my Class 21's, (voting shares only) and my Class 22's ...

Also, "due to the fact that", ... the D.C. Litigation Continued Beyond Plan 7's Implementation Date of 03/19/2012', ... my additionally purchased and now currently owned Tranche 5 Class 17' WMB Fixed Income Security's, which originally had their release brought forward from Plan 6', I have not yet released my WMB Class 17 Fixed Income Securities, ...

... "Having their release brought forward from Plan 6' and being an eventual derivative of JPMC, Tranche 5 Class 17(a&b) will have deemed to have released upon receipt of their distribution" ... the WMB CIC (Change In Control), Completion' hasn't happened, or been finalized quite yet', ...

However, Back to Your Question', ... "do you think a value for share-exchange event will happen before NSM shareholders vote ?" ...

... Yes, I believe now that the merger with NSM has been announced, WMIH-Corp will need to do some serious internal housekeeping with the Original Releasing Owners of the Original WMI' Estate, the currently held designated Class Segregated Tracking Marker Holdings' ...

Instance in which escrow shares are created are:

A bankruptcy or reorganization during which a company's shares are suspended from trading pending the resolution of the corporate action. In this case, a shareholder's holding will be converted to escrow shares and then converted back to their original form if any equity remains in the company after the completion of the bankruptcy or reorganization process.

AZ