Mr Cooper Group Inc (COOP)

[JusticeWillWin]

No, the current conversion range of the Series B is between $1.75 and $2.25, and because of the current VWAP far below $1.75 it is the floor $1.75 that will be used for conversion. That should support the current PPS, not bring it down. Then KKR has 30.7 million warrants for $1.32 and another 30.7 million for $1.43. And the KKR Series A convert @ $1.10. IMO all these prices should support the PPS IMO, not bring it down...

Honestly, I don't know what is going on here, but I added yesterday below $0.89

Or has the stock dropped aprox 20% in anticipation of an aprox 20% dilution in stock WITH THE ISSUANCE of the 600 mill shares in a conversion of the B shares, Qualified ACQUSITION

I've seen nothing else to predicate a pps drop