Mr Cooper Group Inc (COOP)

[Andyg59]

With respect to the quote:

Quote: Again any assets returned by JPM are for the beneficiaries of the escrow markers.

Those assets that are being returned were an integral part of the audited financial statements preceding the bankcruptcy whereby the main stakeholders are now linked to the escrow markers. That is a audited financial fact not a general statement. And therefore those assets must be returned back to the source. If they are going to be accounted for correctly. They cannot be brought into Mr. Cooper Group Financials unless a mechanism is in placed to ensure only the escrow shareholders benefits. Remember movements of assets requires an audit trail and proper accounting for those Assets in accordance with GAAP, FASB.

In reference to your other question you can use commons and preferred in the total equity computation to arrive at the capital ratio. However, for you to take the next step to back into a conversion ratio then you will need to exclude preferred in your calculations.