Mr Cooper Group Inc (COOP)

[gophilipgo]

I would not like that, unless Ps and Ks are given equal treatment, or unless more money is put into the till, and the PIPE financing is removed. I think it's a slippery slope to allow hedge funds a clear upper-hand over retail shareholders, particularly given everything they've done thus far in this case. They don't give a squat about retail, and that isn't going to change in the NewCo either. There's a reason the SNHs wanted preferreds in the NewCo, and I doubt it was to the benefit of commons.