Replies to post #525935 on Mr Cooper Group Inc (COOP)

[ron_66271]

Pre-NSM Merger.

IMO;
There will be no dilution to NSM holder if the S4V takes place before the NSM Merger event.

S4V is a One for One event. Value for Shares. Equal Stuff for Equal Stuff.

Just the WMIH float changed due to S4V, with the same Shares/Book value.

141 1.215B WMIH shares to Old WMI commons.
141 WMIH preferred shares to Old WMI preferred.

[LuckyPanda]

I dont think s4v could happen without prior notice to NSM cash/WMIH election. Without prior notice I'm afraid we'll have to wait a few months after merger for s4v.