Replies to post #726511 on Mr Cooper Group Inc fka COOP

[xoom]

Yes $1.5 ish for each legacy UQ , pre 2012 reorg

Lets say somebody had 500,000 original UQ shares.
After the 2012 reorg, that was reverse split into
500, 000 * 0.03 = 15,000 WMIH commons

(Same conversion used in a potential transaction
1,200,000,000 total UQ released commons * 0.03 = 36,000,000 shares)

So presuming you get new COOP shares matching the above share count and COOP pps is say $50, total new value = 15,000 * $ 50 = $750,000
But when you consider your original count of UQ was 500,000 then value per UQ ( not per WMIH) is
$750,000 / 500,000 = $1.5 per UQ

[Split T]

Clinton, I have asked myself several times what would happen if the 36,000,000 shares did come back to old Commons and the priced drops to $50.00 as you and others have suggested. I just don't believe that would happen as those Institutions that own the Majority of COOP would have a cow. I personally lean towards a huge increase in Equity value showing up of about $2.88 Billion+ that would offset the increase in shares while sightly increasing the PPS of COOP from it's present $77.50. When An entity or entities are buying 120,000 shares at $77.55 as they did at close on Friday It's hard for me to believe that smart money is will to take a hit of $27.,55 in the very near future. I closely watch this Monster each night after hours and it is heavily manipulated day in and day out. If the PPS drops to $50.00 I may have two cows. lol

Have a great weekend, or what's left of it. Good luck to you and your family.