Mr Cooper Group Inc (COOP)

[ptolomeo]

I think you are wrong.

You guys talk about 'giving' doesn't cost money.

Let's say, they offer 30% to preferreds and 1$ to commons.

That would be:
3M Ps x 300$ =900 million
20M Ks x 7.5$ = 150 million
1.7B Us x 1$ = 1.7 Billion
TOTAL = 2.75 BILLION

Now, let's think they're silently buying shares at this (current prices).
3M Ps x 19$ = 57 million
20M Ks x 0.60$ = 12 million
1.7B Us x 0.06$ = 102 million
TOTAL = 171 MILLION

So, my question (and biggest fear) is:

Why the heck are they going to settle for 2.75 billion dollars, if, given the time and pacience, they could buy all the shares for 171 million $.

I know they cannot buy 100% of the shares because many of us are not going to sell, but, the more they buy (now), the less they pay (later). So my take is they are not going to settle in the near future, and will only pay when they are obbliged to do so.

Just my 2 cents.

And don't start with the '4% rule'. I think they can easily avoid this rule by just asking a 'friend' company to buy the shares on their behalf.