Mr Cooper Group Inc fka COOP

[jerrylev]

Right on Otti.

The absolute priority has to be followed above class 18 because they are all creditors. Those who keep saying that PIERS (class 16) will be impaired, are living in some fantasy lawless land.

Having said that, the preferred stocks have been canceled and all classes from 19 to 22 are all in one bucket called shareholders or equity which will be paid last after everyone is paid. The only exception that the judge made before canceling the preferred, was to allocate the distribution of 75/25 but going all the way to the end. That was spelled out very clearly and there is no wish, hope that it is this or that. It is what it is 6 years ago.