Mr Cooper Group Inc (COOP)

[LuckyPanda]

goodie, if they had issued 4.8 billion shares of a common marker, the weighting math for both common and preferred 75/25 split would have been accurate to better than 0.001% round off error. If they want more accuracy, they can simply keep increasing the total number of shares for a common escrow marker until all equity parties can agree on the round off error percentile.

Like I postulated, if the 75/25 was supposed to be all the way through, and I'm the attorney representing preferreds, I would have insisted on a common escrow marker to guarantee me that I am not discriminated years down the road when distribution happen.

I'm sure the attorneys representing the preferred holders were much smarter than I am. So if I can see this potential loophole down the years, I would have made sure from the start and insisted ob a common escrow marker ti ensure 75/25 all the way through.