Mr Cooper Group Inc (COOP)

[distrojunky]

JWW,

These guys don't get a share until there is a Qualified Acquisition (QA). And, with a QA, it's in everybody's best interest to have the WMIH price go through the roof. All of the Series B Convertible Preferred Stock are the same. $1.75 is the lower conversion value. WMIH seems to be doing what they have to do to keep KKR (and Citi) from getting move ownership. I suspect the conversion price will be back at $2.25 for the QA.

COI, I don't think so. I've always been happy that we are on the same ship with the Hedge Funds and institutions. As long as we don't get diluted too much.

distro.