Mr Cooper Group Inc (COOP)

[BBANBOB]

It's not like the buy back theory and the purpose of it is anything new.
It was suggested WHEN IT STARTED by me,that those shares were being bought back to ISSUE to common share holders to rebuild the shareholders base back to commons owning 51% of the corp and that at the same time then NEW PREFERRED shares would be issued in lieu of common shares to the PREFRD holders.
SO what I suggested several years back is NO NEW REVALUATION at all, well at least not to me, MAYBE some are having a light bulb MOMENT and are just finally catching on................

Even if the shares were or have been retired as some suggest, the ISSUANCE of the 36,000,000 mill shares out of authorized makes it easier to reach the 51% threshold required for a NEW IRS OPINION LETTER for the reorg'd company( WHEN WE COMPLETE THE MERGER), by putting it back to 51% common ownership