Mr Cooper Group Inc fka COOP

[wamugold]

I choose B ( preferreds convertible to commons ) and no the ratio will not be 75% for preferreds either

That's wishful thinking...

Quote:
This appears to mean that either
A: The 75/25 to the end is real and the WMILT will receive massive cash after the Bankruptcy closes, or
B: Series R preferred, aka “P” escrows are convertible to commons at some ratio, and thus will share the bulk of the estate with old commons, aka “Q” escrows.
K and TPS get their original cash and that is all...