Mr Cooper Group Inc (COOP)

[LuckyPanda]

I agree. but I think the hedge funds own a bigger common escrow shares that you think. If I recall, original outstanding shares before they raised money in 2007 was 900 million shares - then it became 1.7 billion shares by Sept 2008.

So if only 1.2 billion shares signed the waiver, I think it is more likely 800 million signed shares belonged to the hedgies and 400 million belongs to individual investors like us. Only a few hedgies control 800 million shares and I would assume they were closely watching the bankruptcy and signed the waivers. I think the 500 million that didn't signed were individual investors and mutual funds that weren't paying attention. After all, we were only given about a month to sign and return the release forms.