Replies to post #385316 on Mr Cooper Group Inc (COOP)

[Tool_power]

Yup, nothing to see hear. This is a dead stock. These hedge funds are idiots.


lol...;-)

[mgmuc]

So ... all this companies collected the shares in December 12 ! Again, now we know who all was on shopping-tour and why stock went up!

So they are buying worthless stock ? NOT ...

My guess is, they are buying for sure 3-6 months in advance, just to avoid ... insider trading ... etc. etc. ... especially A !

[BigBang]

I don't think so. I believe this is a year end statement of ownership. These represent wmih shares received by the hedge fund upon our exit from bankruptcy in 2012 just like we all did.

[REALtime64]

Yes correct Appaloosa Management LP 17,029,994 8.47 17,029,994 New 0 12/31/2012
Now you have to ask why and at the last day of the year right before tax time to make ya think something's up IMO

[bkshadow]

2012 New Shareholders...

1. The notations of Appaloosa and Greywolf should give rise to consider that the Hartford funds might be the same, as is for all WMIHC holders. Positions @ 12/31/12 are New in 2012 for everyone. The Greywolf shares are exactly what they disclosed right after emergence (conversion shares), and Appaloosa disclosed at the post-year end due date (conversion shares, filed as a different 'non-group status than Greywolf).

So, since these two disclosed the same amounts at the time, and Morningstar reports them as New Shares/Buyer Shareholders IN 2012, they are simply reporting the conversion shares acquired.

2. Re: 5% discussions, it is actually 4.75% that is in the amended and restated Articles that are known as "Substantial Shareholders." Greywolf aggregated > % and filed as such. Appaloosa aggregated > % and filed under an exception.

3. There is ONE LIMIT on any buyer of WMIHC securities; in total, considering the additions by "substantial holders," the percentage increase cannot be 50% or greater. Existing "substantial holders" can, with the BOD approval under the 15-day rule in the Articles, buy 49% of the outstanding shares (staying under 50% in added percentage). So, in essence, with BOD approval, someone with 7 or 8% could be allowed to buy 49% more. With regard to someone with 0%, they too could buy 49% of the shares, but they must stop at 4.75% first, and get the BOD approval to add any more.

4. It gets a little messy with issuance of the commons and preferreds, but simply math.