Mr Cooper Group Inc fka COOP

[Olti100]

So…
It’s the common equity holders… who have the contractual obligation to the other investors… including the preferred shareholders…
As the owners of the company… it’s the common equity holder’s Assets that have to be liquidated and turned into cash… this cash and all of the other cash from WaMu’s bank accounts, plus the tax returns. And the cash generated from its subsidiary WMMRC in runoff mode … (now WMIH’s subsidiary)… plus the liquidation of WMI/WMIIC.


Thanks for your good DD.I agree with you and would give you 100% right to break the 75/25 conversion rate as you wish but there you forget only one little Thing called Propectus and duties of the OLD WAMU versus the New WMIH.This prospectus made from the first time the Prefereds were issued which you with or without knowlledge forget to mention have to do with the Prefereds Right to be switched into the Comon shares of the Company in case their misse for four consecutive Quarters their dividents.And when this happens and COmpany for one or other reason let it happens they can chouse to either be switched and changed into Commons.And ocasionally strange enough the convertion rate is almoust the same have been aplied to the Post BK treatment of the already known and famouse 75/25 you so likely would like to see gone and forgoten.So in the light of this small detaille I request that you re doe your post and make more DD in conection with this small Item which made the Settlement been formulated to this point in this way.Thanks for the rest but I still think 100% you are wrong and the 75%/25% is the law of any future distribution to come to EQUITY akka Prefereds+Commons.