Large Green, to answer your question, well, I've always struggled with why WMIH would buy Nationstar/Mr Cooper, then sell it to Rocket. Why would they do that? It doesn't make sense. Unless WMIH was trying to consolidate all the "WMIH/WMIIC/wherever the sausages are hidden" mortgage assets underneath one umbrella. However, if that was the case, why not just buy Nationstar outright, consolidate all the mortgage assets, then give it to WAMU legacy holders? Maybe they couldn't do that because Nationstar/Mr Cooper wouldn't agree to a cash purchase and wanted shares, so they could sell after Mr Cooper had time to grow (like last 5 yrs)? I just don't know...
Now assuming Tako has the numbers right, I guess if you merge Rocket (A) and Mr Cooper (B) together (A+B), but after the merger, Mr Cooper owns a bigger percentage than they should (per Tako hypothesis), then there must be other assets coming from somewhere else (e.g. WMIH (+C)) ..then I guess maybe, Rocket could say, they have to pay us WAMU legacy holders for the "WAMU assets" and need to issue shares to us WAMU legacy holders. I guess that is plausible although you would think that would have to be made public since Rocket is a public company.. I am not a lawyer but doesn't seem right that you could merge, then magically add in other assets and shareholders, without the Rocket and Mr Cooper shareholders/Board knowing about it...
I really believe something is coming... but when, and from where.. that is the part I'm note sure about... ... but yes,Tako could be right... but I could also see other possibilities like AZCowboys "Trust" theory, CSNY "JPM stock theory," and other theories from respected posters like yourself and others....
ND9
Market Data 
Markets 
AI
