Replies to post #609026 on Mr Cooper Group Inc fka COOP

[t1215s]

CWG I believe that was the first deal and the time limit was near or did run out and then the new deal came into play at 5%? then wammmm bammmm NSM happened lol

Cheers Ts

[goodietime]

“On January 5, 2015, WMIH announced the completion of an offering (the “Series B Preferred Stock Financing”) of 600,000 shares of its 3% Series B Redeemable Convertible Preferred Stock, par value $0.00001, liquidation preference $1,000 per share (the “Series B Preferred Stock”), in the amount of aggregate gross proceeds equal to $600.0 million, pursuant to a Purchase Agreement with Citigroup Global Markets Inc. and KKR Capital Markets LLC (“KCM”), an affiliate of KKR Fund Holdings L.P. and KKR Management Holdings L.P. (“KKR Management”).”


https://www.sec.gov/Archives/edgar/data/933136/000156459016014568/wmih-10k_20151231.htm

So KKR converts 600,000,000 into common.
If 600Million was converted at $13.50 per share, that is an ADDITIONAL 44,444,000 shares in existence.

When will all of these shares show up in the outstanding share count?