Mr Cooper Group Inc (COOP)

[Large Green]

***THANKS GOES TO RON from BP***4/11/2017 MAY BE A MATERIAL EVENT


Please read this again.

Day 10 is today, so "the Corporation shall deliver the shares of Common Stock issuable in respect of such conversion (based on the adjusted Fixed Conversion Prices) on the first Business Day immediately following the last Trading Day of such 10 consecutive Trading Day period.".

"on the first Business Day immediately following the last Trading Day of such 10 consecutive Trading Day period.", would be Tuesday, March 11th.


Section 11(a)(ii).
...
"The adjustment to each Fixed Conversion Price under this Section 11(a)(ii) shall occur at 5:00 p.m., New York City time, on the tenth consecutive Trading Day immediately following, and including, the Trading Day immediately following the Expiration Date, but will be given effect as of 9:00 a.m., New York City time, on the Expiration Date. The Corporation shall delay the settlement of any conversion of Series B Preferred Stock if the applicable Mandatory Conversion Date or Remainder Conversion Date, as the case may be, occurs during such 10 consecutive Trading Day period. In such event, the Corporation shall deliver the shares of Common Stock issuable in respect of such conversion (based on the adjusted Fixed Conversion Prices) on the first Business Day immediately following the last Trading Day of such 10 consecutive Trading Day period."

(s) “Expiration Date” shall have the meaning set forth in Section 11(a)(ii).

(t) “Expiration Time” shall have the meaning set forth in Section 11(a)(ii).

http://archive.fast-edgar.com//20150105/AN22N62CZ22RKZZ2222A2ZXSM5PQ4Z22D272/


Thoughts?


Quote from: ron_66271 on Yesterday at 09:33:30 PM
Thursday was to set the "Fixed Conversion Price" CPO.
16:55:29 $ 1.50 High 23,130, just prior to 5:00 p.m., New York City time

Friday was the “Expiration Date”.
"The adjustment to each Fixed Conversion Price under this Section 11(a)(ii) shall occur at 5:00 p.m., New York City time, on the tenth consecutive Trading Day immediately following, and including, the Trading Day immediately following the Expiration Date, but will be given effect as of 9:00 a.m., New York City time, on the Expiration Date. The Corporation shall delay the settlement of any conversion of Series B Preferred Stock if the applicable Mandatory Conversion Date or Remainder Conversion Date, as the case may be, occurs during such 10 consecutive Trading Day period. In such event, the Corporation shall deliver the shares of Common Stock issuable in respect of such conversion (based on the adjusted Fixed Conversion Prices) on the first Business Day immediately following the last Trading Day of such 10 consecutive Trading Day period."


Monday is the "Trading Day next succeeding the Expiration Date", or the mandatory Series B conversion for a M&A.


Court Docket: #12378 Email
Document Name: The Transcriber Has Requested a Standing Order for All Hearings in This Case for the Period March 27, 2017 to April 10, 2017 (No Image Available)
Date Filed: 3/27/2017