Mr Cooper Group Inc (COOP)

[Nightdaytrader]

$300B/1.8B shares = $166 for each common share? No way Jose....

Stock is called "preferred" and "common" for a reason... You think the Underwriters, who do this for a living, would want to be in Class 19 if commons were getting $166/share.... Surely you jest...

The Underwriters had a claim for $72M... 1% of the preferred's $7B would be $70M.. So the underwriters are soooooo dumb... they only want to get their $72M back, when they could have gone into class 22 with common? No way the Underwriters are that dumb.......

JMHO
ND9