At This Point. The Numbers Don’t Work.
COOP would need 607.5 Billion new shares.
1,215,000,000/100,000x5,000,000
= 607.5 Billion shares
I double checked my math.
I had15 minutes.
Yes COOP needs to reconcile with legacy WMI commons for assets utilized.
Or ;
XXXX goes public by only distributions of shares to legacy WMI commons.
Class 19’s claims are already satisfied with the Retained Earnings held in Treasury Notes.
DOCUMENTED!
Ron