""In the case of WMIH the former shareholders of COOP lost interest in this company after the merger was complete.""
And this you know HOW?????????? OR from what sources
I'm purely basing this on the share price movement and volume. I have not seen any financial analysts discussing this.
I think you are right - NSM shareholders were mostly professionals. Hopefully they will come back after the reverse split and name change. It's easier to explain to your customers that you own what sounds like a new and upcoming mortgage company like Mr Cooper rather than a bankrupt, failed penny stock called WMIH.
This stock should be close to $2 right now. I'm buying the dips.