Mr Cooper Group Inc fka COOP

[Donotunderstand]

This BOD can not issue equity to KKR (warrant exercise) until Jan 1, 2015. So, the stock had to go back down to the strike price KKR needs to exercise w/o affecting their bottom line

The higher the price of the actual stock the more profit KKR makes when it buys shares at the warrant strike price

Thus I fail to understand how the sentence above mine is true or correct or logical

KKR did not need a low price - it was disadvantage to them. A warrant like an option is the right to purchase at price X

So the more the stock is higher then H the more the VALUE and gain on exercise of a warrant