Mr Cooper Group Inc (COOP)

[WaS]

That was my take as well. Rosebuds had to be thinking... crap, I can't even just toss the prefs a few bucks to appease this guy.

How many shares did I buy... ehhh I don't know like a million or more. No, no prefs.

Muh hahahaha

That was played superbly.

Now Rosebuds is corned because his best play now is to try to paint the EC as "vultures" in which case we simply ask to know when the bondholders bought what and for what price.

Equity owns a company that was damaged. Holders don't have to have been damaged. They simply hold their shares and wait for the corporate entity to be compensated for the wrongs done to it.

Bonds bought post seizure however... that's debt held by parties that weren't damaged. Hell, if the WMB bondholders are right and WMI debt was bought for pennies, those bondholders may have already made more than they would have had the bonds matured.

This should start getting exciting shortly.

"IMO, by doing that, Susman put Rosen on notice that he intends to make things right with Equity all the way down to commons."