Mr Cooper Group Inc (COOP)

[NASCOW]

This will be interesting to see because i think the HF only wanted a reinsurance co they were in control of, as it was at the time, a popular trend among HF managers, such as Einhorn & Cohen, and offered the possibility for huge returns as long as they were in control of raising the capitol and forging the deals

) Provide a conversion ratio for Preferreds and Commons into NewCo equity. Right off the top may be 5% of NewCo going to SNHs who decide to take common stock instead of being cashed out – I am assuming, that since the SNHs wanted NewCo in the past, wholly to themselves, that they still want whatever piece they can get – so I’m assuming that 5% will go to SNHs.