- WMIH will change its name to COOP (no more WAMU stuff)
- COOP will do a 1:10 R/S and will trade around 20.
- People will realize that there is no S4V and no WMIIC assets and COOP will be too expensive for most people and they will move on to find another penny or dollar stock to play.
- We can finally talk about COOP business, which will be a great mortgage business company.
Is it legal to share such insider information that an r/s is being planned and will happen likely in 60 to 90 days. Publicly, essentially, the company has stated they may consider an r/s.