Replies to post #521624 on Mr Cooper Group Inc (COOP)

[BBANBOB]

Roach
ONLY prob is that your numbers are WAY out of whack there...........

The NSM numbers are 461 mill I think so guess what , THAT leaves aprox 2.8 """BILLION""" shares for something , now I wonder what that SOMETHING IS??????????????????????????????????


This is not a penny scam where by they authorize billions of share people!!!!!!!!!!!!!!!!!!!!!! YET WE HAVE

TICK TOCK TICK TOCK

Corrected I think all issues combined after merger we will have a TOS of about 1.2 bill so yes you are correct but still leaves a TON of share outstanding, WHY

[JusticeWillWin]

No, former NSM holders will end up with 400.7 million WMIH shares, see https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141127114

Just like the company authorizing 3.5 BILL, things we have yet to find out!!!!!!!!!!!

I figure about a third will replace existing NSM shares.

[jerrylev]

Authorizing and actually having that many shares are 2 entirely different things. It is for future M&A and cash infusion without having to ask permission from the SH every time. Most companies do that all of the time and there is nothing new about it.

Imagine if a company is about to do M&A by issuing more shares and before they can do the M&A, they have to seek approval by SH to increase the number of shares. Will that give away the news that they are doing M&A before they can make it public?

For WMIH, they are done with M&A with shares for the next 3 years without causing a change in ownership and killing the NOL. They can of course buy some other company or assets if they have the cash such as NSM seems to be buying Citi Reverse Mortgage portfolio.