Mr Cooper Group Inc (COOP)

[marayatano]

Bottom-line, it would appear that there's really no solution to common's dilemma without a massive monetary contribution on the part of JMP; one that would result in TPS, and the Blackhorse consortium receiving some substantial percentage of FV.

Here is one solution to TPS wanting FV:

Re-float them as preferreds rather than conversion to new common.

This gives them Full Face Value (equivalent), adheres to Absolute Priority, etc. All this without anyone or other settling party contributing anything more.

all is happy.

imo of course.