Replies to post #518532 on Mr Cooper Group Inc (COOP)

[BBANBOB]

Ron
Good to see ya back was starting to wonder if you were ok!

Now I have a ? for ya in reference to this part of your post.

"""IMO, WMIH needs 1.215B WMIH shares for the One for One with WMI Escrow holders.


1.215B + .207B + .621 + .416 = 2.46B WMIH shares out after 1 for 1 and Merger with NSM.""""


Now BOVIOULSY you have not included any of the preferds in this equation SO, how are you gonna suggest they deal with PREFERDS???


One has to understand that preferds DO NOT DILUTE a company in any way, yet if SHARES were to be issued in lieu of NEW PREFERDS (P&K) it would take some 900 mill shares to cover those ?????

So what's your take NOW on an exchange involving the PREFERDS(P&K's)


I for one just do not see how they could treat any within the same trance/class DIFFERENTLY!
And as we all know the prospectuses covering the PREFERDS are both long gone and no longer part of the equation as 75/25 IS NOW the standard


Pard you have to understand something, with XXX,XXX in K's and IF IF IF they get face interest and FJR, I will in no way be harmed, so I have no agenda in myc question short of, HOW can one in the same class same tranche be treated differntly than the other two?????????

RON put your feet in THEIR SHOES, would any here really expect them to kick themselves to the curb on any participation here going forward???
The "K"s are where they got caught and were even forced to sell off some 800,000 K's by court order, so NOW they would cahnge their collective heads and NOT WANT TO participate with their remaining K's?????????

[jjflash49]

Hello Ron, how did you get 1.215B WMIH shares for the One for One with WMI Escrow holders again?

[ron_66271]

Yes, One for One


What changed from S-4 to S-4/a? IMO
https://ih.advfn.com/p.php?pid=nmona&article=77471509

"416,012,872 shares of WMIH common stock"
became;
"416,300,000 shares of WMIH common stock"

"Nationstar stockholders must approve the merger proposal in order for the merger with Wand Merger Corporation to occur after which Nationstar will be a wholly owned subsidiary of WMIH. As a result of the voting agreement entered into between WMIH and FIF HE Holdings LLC, the shares subject to the voting agreement are sufficient to satisfy the majority approval requirement to approve the merger and the other transactions contemplated by the merger agreement, and the merger agreement is therefore expected to be adopted by the holders of Nationstar common stock. The merger proposal is not conditioned on the merger-related compensation proposal. The joint proxy statement/prospectus accompanying this notice explains the merger agreement and the transactions contemplated thereby, as well as the proposals to be considered at the Nationstar special meeting. Please review the joint proxy statement/prospectus carefully."

Hence; The Deal is Done.


IMO
NSM Math Scenario;
You will only receive about 2/3 Cash and 1/3 in Cash. Please see response to this post.

Let's say you have 150 NSM shares;
You will see $18.00 * 100 = $180.00
and 50 NSM at 12.7793 = 638.965 or
+ 638 WMIH shares and the fraction remainder .965 in cash.
+ .965 * $18.00 = $17.37 in cash.

There was two WM BK filings, WMI and WMIIC.
We have only been compensated for WMI's BK which resolved at 75/25 for Preferred/Commons in WMIH new shares.

Now, Dollar for Dollar Scenario for WMIIC value in WMIH shares to be compensated for WMIIC.

The WMIIC value is in intrinsic into the new WMIH shares at One for One to old UQ's.
Same One for One for P"s and TPS, as the K's will be redeemed.


HLCE,
Ron