Mr Cooper Group Inc (COOP)

[marayatano]

... because if that were true, then preferrds would own almost the entire WMI2. Prefferds is approx. 7.5 BILLION value. Commons float is probably in the 100's of MILLION value, not even in the billions.

30% is a lot considering commons will end up with a big fat ZERO in ALL SCENARIOS, if it were not for a settlement and a GSA in tact.

Willingham did do a decent job FOR COMMONS (and himself), w/ a big F U to prefferds.

Commons are lucky to have even survived and shouldn't be complaining.


imo