Replies to post #557233 on Mr Cooper Group Inc fka COOP

[ItsMyOption]

LG, I have not seen WithCatz post in years is he still around or on other board?

[Royal Dude]

Source #1 Email from Edgar Sargent (SG) regarding what Alverez and Marshal provided to him
From johnnyiwantsome on BP

From: Edgar G. Sargent
Sent: Thursday, March 22, 2012 4:36 PM
To: barry
Subject: RE: Wamu

Here's information I just received from Alvarez showing conversion ratios:

142,500,000 (75% of 190,000,000) are distributed to holders of preferred securities as well as claims subordinated to the level of preferred. Total disputed claims at the preferred level are $106,514,585.09. For those claims, 2,109,051 shares are reserved. The remaining 140,390,949 are distributed evenly by liquidation preference across the $7.5 billion of preferred shares. However, while the TPS are denominated in 1,000s, the Series K has a face amount per share of $25.

For the TPS, 3,729,658.260 shares provided releases and will receive 73,849,406 shares or 19.80058 new shares per old share. This share count is after giving effect to the mandatory exchange.

For Series R, 2,906,421 shares provided releases and will receive 57,548,829 or 19.8005825 new shares per old share.

For Series K, 18,166,565 shares provided releases and will receive 8,992,714 shares or 0.4950146 new shares per old share.

For the common shareholders, they are receiving 47,500,000 shares of which 4,165,750 shares go to the Dime Warrant holders, 2,631,933 shares are reserved for disputed equity claims, 693,806 shares will be distributed to Principal Financial on account of their claims and existing common will get 40,008,511 shares. For each share of existing common granting releases in the total amount of 1,194,340,178 shares, they will receive 0.03349842 shares.

Because no fractional shares are being issued, the percentages for each holder may vary due to rounding. I’m not sure what you are using this information for, but that’s an important point for holders.


Source #2 http://www.prnewswire.com/news-releases/wmi-liquidating-trust-announces-distribution-from-disputed-equity-escrow-to-class-22-claimants-164307306.html

Reverse Calculations - assuming 200,000,000 WMIH shares issued

Per Press Release New WMIH Shares Received Ratio of Conversion "Calculated
Original quantity of ""released"" shares
(Dividing New WMIH Shares by Conversion Ratio
{Based on July 30th, 2012 PR)

" "Shares Released

Per Edgar Memo" "Calculated
Delta"
REIT - 73,849,313 - 19.80058 73,849,313 19.8005825 3,729,654 3,729,658 4
PQs - 57,548,706 - 19.8005825 57,548,706 19.8005825 2,906,415 2,906,421 6
KQs - 8,992.818 - 0.4950145 8,992,818 0.4950145 18,166,777 18,166,565 -212
DIME - 4,165,700 - 0.05463704 4,165,700 0.05463704 76,243,149
UQs - 40,702,317 - 0.03349842 40,702,317 0.03349842 1,215,051,844 1,194,340,178 -20,711,666
UQs - 40,702,317 - 0.03349842 41,630,179 0.03426188 1,215,058,222 1,194,340,178 -20,718,044