Mr Cooper Group Inc (COOP)

[marayatano]

The current DS/POR assumes Dimes will be in with commons, in class 21, which may explain the 30% of the newco going to commons. Could well be that the 30% number assumes there will be an expanded number of commons due to the inclusion of the Dimes.

If Dimes are moved to a higher class, that 30% figure may be adjusted down to compensate. Another reason why the judge was given the authority to change the percentages.

Also, keep in mind, that TPS/REITS were converted to WMI preferrds that more than doubled the P & K float.

imo