Replies to post #514679 on Mr Cooper Group Inc fka COOP

[BBANBOB]

OMG RON
I almost fell out of my chair pard!!!!!!!!!!!! DID I really just see share4value swap in your post?

[ron_66271]

WMI Escrow Holders

must see the WMIH Shares for WMI/WMIIC Value Exchange Event before NSM shareholder vote/Merger so that NSM is NOT diluted from the new WMIH Shares for WMI/WMIIC Value Exchange Event.

This is why the WMIH Shares for WMI/WMIIC Value Exchange must take place first before the NSM merger so the NSM participants are not diluted from the new WMIH shares distribution to old WMI Escrow holders. When WMIH has the WMI/WMIIC Value from the Exchange Event, then this WMIH/NSM merger will make sense to the NSM Shareholders.

Hint; WMIIC 'equity interest'. Equity interest in this case is NOT the stock equity of WMIIC. WMIIC received 'equity interest' is the ABS that WMIIC inverted in at 25% of more.
Equity interest can be used as collateral.

Hence; WMIIC is a Guarantor to the Capital raised.