Mr Cooper Group Inc (COOP)

[hotmeat]

This part pretty much said it all, basically that if a reorganization occurred Series R Preferred were entitled to receive the same stock, cash or assets received by Commons. This was partly done where Preferred received 75% of the new stock issued for WMIH. As I stated before, all these documents and provisions were voided in 2012 by the POR. Those are the unequivocable facts!!!



Quote: "each share of the Series R Preferred Stock outstanding immediately prior to such reorganization event will, without the consent of the holders of the Series R Preferred Stock, become convertible into the kind of securities, cash and other property receivable in such reorganization event by a holder of the shares of our common stock"