Per the disclosure by Greywolf, they did not buy or sell any shares post reverse split (12:1).
IMO...Greywolf is another insider and Jon Savitz is the principal. Why didn’t Greywolf increase it’s COOP position post reverse split if COOP is the main vehicle for WMI recoveries?
What does Savitz know?
IMO...my conclusions as of February 14, 2019:
1) By virtue of his non action with COOP, he probably doesn’t believe in the prospects of COOP giving “fair and reasonable” recoveries regarding WMI.
2) David Tepper (Appaloosa principal) in October 05, 2016 sold half his WMIH position already.
2) Has any of the other main insiders who have significant positions in WMI Escrow Markers (i.e. Bonderman/TPG, Underwriters (Goldman Sachs, Morgan Stanley, Credit Suisse), Aurlius, Owl Creek, Centerbridge, etc.) increased their COOP shares post reverse split?