Mr Cooper Group Inc (COOP)

[MadBadger]

Large, after reading the Preferred’s Original Agreement , the Preferred can profit above par value. There is a Reason for the 70/30 percent split. Using Original Numbers, which equates to roughly the same amount that Dr. A estimated, equals to one and a half times above par, than giving up 30 percent to common, for which they still own majority of it, is a no brainer. Just my opinion. Whoever Owned the Equity Rights to the Preferred, Owned the rights to asset distribution upon liquidation. There are other avenues that the Company can or may take like a stock swap option like Bbanbob have mentioned. Well, I interpreted the writing that way. I ALSO MAY BE HIGHLY WRONG BUT A SLIM CHANCE AT BEING RIGHT.


https://www.sec.gov/Archives/edgar/data/933136/000095013407025343/v36123b2e424b5.htm#312