diamond, let us look at some relatively small numbers BUT first we must talk about who owns what.
1) WMILT = as successor in interest to Washington Mutual, Inc. and WMI Investment Corp., formerly debtors and debtors in possession. WMILT owns the assets
2) WMIH/COOP own the Equity Interests
3) The only trust that was able to be used in Walrath's court was Washington Mutual Capital Trust 2001-Now this is very LARGE
4) Let us take a relatively small number (35 billion) from the above trust which was far larger and assumed the Equity Interest belonging to WMIH/COOP is 3% so that would equal 1.1 billion so for round numbers let us use 1B
5) Now when the last Creditor is paid off in full (Piers owed 49M) this releases monies of which this 1B would flow to COOP's coffers
6) Now COOP only has 91 plus million outstanding common shares so if one billion flows to COOP's account, can you imagine what this would do to the stock price
7) COOP currently is ridiculously undervalued with NO MULTIPLE assigned and in the space COOP is in the multiple is an average of 14
8) So, let us add $11.00 dollars (due one billion in cash to COOP) to COOP's current price of say $15.00 and you get $26.00 dollars a share
9) Now let another quarter or two go by with COOP making quarterly filings and Wallstreet will be factoring in a multiple and remember the average multiple in COOP's space is 14 but I will not use that
10) Let us use a multiple of 7 so multiple 7 times $26.00 and one can easily get a stock price for COOP of $182.00 dollars a COOP common share with no debt
11) Just keep in mind, I used very, very small numbers as a base coming to COOP BUT one should get the idea
12) Now one can easily understand why this stock is being accumulated by the big dogs and manipulated till the players are fully loaded and ready
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