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wowalters

10/23/20 8:26 AM

#636883 RE: user_760014 #636880

"Here I also guess if nothing happens in a timely manner close to the current financial years end, you won`t expect this to happen anymore in the future, right?"

Still waiting for the FDIC to close the taking of WMB.
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Andyg59

10/23/20 9:21 PM

#637010 RE: user_760014 #636880

I am not clear when you said some of Coop shares were used to purchase Nationstar. Remember when they came out of bankcruptcy they had limited resources to make such a big move. The Sources and Uses of Funds Statement For that period could give you a better insight as to how the merger was funded resulting in a subsequent reverse split. Also take a look at this article which will give you an idea how limited the resources were at that time. https://www.housingwire.com/articles/46343-meet-the-mr-cooper-group-nationstar-completes-merger-with-washington-mutual-parent-wmih/
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Andyg59

10/23/20 9:23 PM

#637011 RE: user_760014 #636880

Also the infusion you make reference to enhance value will only be to the benefit of the escrow shareholders through conversion at the detriment of non escrow shareholders resulting in dilution.