Mr Cooper Group Inc (COOP)

[ABIGIDIOT]

lawrence you make a some good points here, and i have thought of it that way often. but, vegas and others, or perhaps myself in a second here make points about x-ing out the preferreds.

now, i dont have the technical knowledge about this, but simply put forth.... can preferred classes of stock (our company's) be converted to commons? ok, yes or no?

if yes, lets put it into perspective. pick a pre seizure date, one day, one week, one month, whatever.... what were the value of commons that day? how many commons were there that day?? ok, thats x. what were the value of the various preferred classes that day? how many preferred shares were there that day??? ok, thats x. so now... if in fact those said preferreds were converted to commons in a "whole" manner, it would dilute the commons by x. if the preferreds were converted to commons in an "less than whole" manner, it would dilute commons by x.

now, i guess simply put, if it can be looked at this way we can place a value on what is owed to a degree.

so, i guess what i am alluding to is, my sincerest hope, since i hold only commons is they do not get canceled, but in a way to make everyone somewhat "whole", that yes, perhaps preferreds could be indeed canceled, if allowed.


sorry, just thoughts, right, wrong, good, or bad.