Mr Cooper Group Inc (COOP)

[JusticeWillWin]

bkshadow or anyone, could you please explain to me the numbers in the first row ("Appaloosa") of the table "Selling Security Holders"

https://www.sec.gov/Archives/edgar/data/933136/000119312515400186/d29830d424b3.htm#toc87880_7

IMO the numbers don't match up. Why are the 18,158,802 commons 2.93% ? Does not match for 206,168,035 shares and not for 549,025,195 (after conversion)

The 13,752,571 is the maximum number of commons they get after conversion @ $1.75 with a ratio of 571.4286 common shares for each B-pref. That's OK.

BUT...

...why are the 4,406,231 commons in the last column "Shares of Common Stock Owned Following the Offering" exactly the difference of the commons they owned before the B-pref offering 18,158,802 (I think it was 16 and not 18 million actually at the beginning of the year, they sold 2 million) and the 13,752,571 they (can) get through conversion.

Or does the table mean Appaloosa must PROVIDE up to 13,752,571 from it's current 18,158,802 (actually 16 million).

Was that the reason we saw a reduction of Appaloosa's holding?!?

TIA