Replies to post #641688 on Mr Cooper Group Inc fka COOP

[Large Green]

BBANBOB, maybe we will be this fine!

Rarefied Realm - Does Article Refer To WaMu? Read Article VERY CLOSELY

Think how large JPM is and the others in the same league and then think that JPM has only 55 of these individuals/entities which shows how very, very wealthy these people/entities are and how very large JPM is worldwide.
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Article from Bloomberg Magazine:

It’s Billionaires at the Gate as Ultra-Rich Muscle In on Private Equity

In an era of hyper-affluence, JPMorgan and Credit Suisse cater to a super-exclusive class.

By Simone Foxman and Sonali Basak
June 11, 2018, 5:00 AM EDT

https://www.bloomberg.com/news/articles/2018-06-11/it-s-billionaires-at-the-gate-as-ultra-rich-muscle-in-on-private-equity

I thought this paragraph was 'interesting':

"Still, with so much money and influence at stake, bankers are pitching hard. Goldman Sachs Group Inc. has its own list of 60, counting among its clients the Reimann family’s JAB Holding Co. and the Koch brothers’ investment firm. JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."

"JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."

NOTE: "is watching several hundred families that are poised to enter this rarefied realm."
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Now, read this statement again and let this sink in!

"JPMorgan, in addition to its initial 55, is watching several hundred families that are poised to enter this rarefied realm."

Now, let me ask a question, considering so how very much wealth JPM is speaking about to be in the rarefied realm, other than the US Government, wherein the United States could so much money come from to put "several hundred FAMILIES" in the rarefied realm which OBVIOUSLY has NOT HAPPENED YET?

Now think about a 350 billion dollar seized (5AT payback) organization that was being run under the cover of "legal darkness" for almost twelve years (9/25/2008) with monies being segregated in court-approved registry accounts for almost 12 solid years without interruption AND with very little overhead AND very few employees.

We know from filings that at least three of these accounts are at Wells Fargo that may be getting very close to dispersing to those investors who signed timely (by 3/2012) releases.

There could easily be several hundred families and may be exactly what JPM is referring to BECAUSE, yes, and unfortunately, they would have the names/accounts of investors who signed timely releases.

[Large Green]

Dmdmd1 Research - I Concur With Dmdmd1 100% on Number of Shares Returned To Investors Who Signed Timely Releases by 3/2012 and Agree With Timing of Share Return


IMO...my conclusions as of December 14, 2020 @ 1000 CST:

Bonderman et al equity in WMI common shares:

April 08, 2008 (Bonderman et al infuses $7.2 billion cash into WMI): upon execution of the transaction Bonderman et al owned 20% of WMI common shares

September 26, 2008 @ 0800 EST: Bonderman et al owned 822,871,428 WMI common shares

Thus, Bonderman et al. = 822,871,428 shares of common stock / 1,194,340,178 total shares released = 68.89% of the common shares released are owned by Bonderman et al.

March 19, 2008 (emergence): 822,871,428 WMI common shares x 0.03349842 conversion to WMIH = 27,564,892 shares of WMIH

Thus 27,564,892 WMIH / 200,000,000 outstanding WMIH upon emergence = 13.782446%

October 2018 (Post merger with NSM after 12:1 reverse split):

27,564,892 WMIH / 12 = 2,297,074 COOP shares

Thus 2,297,074 COOP shares / 90.85 million current outstanding COOP common shares = 2.5284%

In order to maintain the original “old and cold” WMI share structure [i](to keep NOLs intact):

Thus 13.782446% / 2.5284% = 5.451054421768707

Therefore Bonderman et al will need to be issued 5.45 times their current COOP (assuming Bonderman et al didn’t sell any WMIH or COOP shares) common shares to keep the original WMIH share structure intact to keep the NOLs (by keeping a 51% ownership of WMIH legacy equity interests)

From Large Green - Dmdmd is basing the 5.4 multiple of returning shares on the math formula that was used in 3/2012 which was one old "WAMPQ" received almost 20 NEW WMIH shares and 33 old WaMu common shares received one new WMIH share and the WAMKQs were almost 2 to 1 ratio

***Dmdmd1 Update***

IMO...my conclusions as of December 14, 2020 @ 2200 CST:

Upon emergence (March 19, 2012):

WMIH outstanding shares = 200 million

If COOP issues new shares to WMI Escrow Marker Holders at an increase commensurate to their original WMIH shares then IMO...COOP would have to increase by a factor of 5.451054421768707

Thus my calculations:

200,000,000 Initial WMIH shares x 5.451054421768707 = 1,090,210,884.353741 WMIH shares

1,090,210,884.353741 WMIH shares / 12 (instituting the reverse split post NSM merger) = 90,850,907.02947845 COOP shares

Therefore WMI Escrow Marker Holders would be issued 90,850,907 new shares of COOP.

Current Outstanding shares of COOP (as of October 23, 2020) = 90,853,569

https://www.otcmarkets.com/stock/COOP/security

So the Outstanding shares of COOP would effectively double by virtue of issuing the new shares to WMI Escrow Marker Holders.