Mr Cooper Group Inc (COOP)

[lodas]

common and preferred stock are unsecured debt and can be cancelled for chapter 11, and chapter 7, and 13 bankruptcies.....when one buys common equity stock in a company there is no assurances that you will get a recovery if the company goes bk..... only bonds are secured by the assets of the company upon liquidation.. commons and preferred get wiped out..... now, thank Nate Toma for getting you at least some shares in the new company for your old shares which were wiped out in POR 6... Susman negotiated the best deal he could get under the circumstances... Wmi had to dissolve 7 re insurance Trusts to secure the values of the 200 million shares that were give to equity.... now, go eat your breakfast.... Lodas