Mr Cooper Group Inc (COOP)

[steel58]

Thanks Don. This lead to the simple question (simple to ask - nearly impossible to answer):

How then can equity ever be in the money, except for a settlement? Then the question is why would Rosen ever settle?

Edited to add everything below here:

It seems like JMW would follow Rosen's lead in somehow dipensing of any A that are greater than L (if we are ever given a chance to prove that) in any way to prevent equity from getting anything.

Are we now hanging our hats on hoping a little cash comes to preferreds and commons are toast?