I still don't understand why anyone would accept the theory that escrow holders will receive COOP shares from Mr. Cooper Group (fka WMIH). It makes no sense.
Does anyone think Nationstar shareholders would have agreed to the merger if there had been any potential for massive dilution on the horizon? No. They would not have.
Our escrows entitle us to share in the surplus assets (if any) of WMI and WAMU (including any bankruptcy remote assets of WMI that are looking for a home after all these years). And by "surplus," I mean what is leftover after the relevant creditors have been paid.
Our escrows entitle us to nothing from COOP. Nothing.
Some on this board can post about that all they want and it will not make it true. It will not make it true.
I think someone who truly believes should send a note to the Board of Directors of COOP and ask them very simply if there is any set of circumstances, however plausible or implausible, under which former WMI equity holders - who now hold escrow markers - could possibly receive any distribution of COOP shares, whether from COOP or anyone else.
Go ahead. Ask.
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