Mr Cooper Group Inc (COOP)

[warcton]

<If there is cash available to pay the prefs something, but not full face, I believe the EC is first going to have to give the cash to the prefs (and then divvy up the equity in the reorg company between the prefs and the commons in some reasonable manner).>

That is not a bad thing for commons IMO.

Remember, although Rosen has submitted this case as a Ch.11 liquidation, the EC has suggested this should really be a Ch.11 Reorg as evidenced by their billable hours looking into marketing the reorg company.

While it seems most people here are wanting a cash settlement for commons, the available cash is nothing compared to owning a viable reorg with billions in value. Later, we could take advantage of that value in a reverse-merger or by some other means.

If the SNH's and even some of the senior notes wanted shares in the reorg over cash, that should be a clear sign that getting control of the reorg is much better than getting a little cash now.

I would rather have billions later than millions now.