Mr Cooper Group Inc fka COOP

[Donotunderstand]

PIERS were debt = lowest on the ladder - beat up for interest due to seniors - but they got full numbered and dollar valued LT interests very very soon after the 11 was set in motion with the POR

They then were paid as money was available with no doubt about the amount for years ---- beat up but for buyers like me - a huge gain on the discounted price we bought at

I fail to see how what happened with PIERS tells us anything about equity - they were debt and got paid because they were debt and got paid last at lower PAR and no real interest as the lowest debt

but like in TARP cases ---- Trust PFD stock were always classified as and viewed consistently as debt


this -jps and common is all equity and not a dime has been paid - nor has anyone shown money is around --- that should not have been 100% visible years ago and documented on the books of the LT (or per some here - for reasons I do not fathom - on the books of COOP)

that any such money is not visible to the naked simple eye - confirms after so many years it does not exist

as always I prefer to apologize - laugh all the way to the bank - and admit I am wrong