Mr Cooper Group Inc (COOP)

[ValueActivist]

Companies announce letters of intent all the time prior to def agreement. I suppose it could be that, don't want to be a debby downer but I have my doubts. I think the 9 month redemption window is making it very difficult for them. If you were selling your multi billion company, wouldn't you want assurance the cash would be there as opposed to being used for redeeming preferred in 9 months?