Mr Cooper Group Inc (COOP)

[marayatano]

WamuVooDoo: You would not have "baught" P's if you were so sure that commons was the best security. The fact is you wavered and instead of buying more commons, you chose to buy a higher tiered security because you were no longer confident in your common only holding. Doubt in your mind about commons recovery caused you to buy a high tiered security, otherwise you have been loyal to commons.

Now that you bought the P's, it is funny because I would not be surprised if your 1,000 shares of P's are now worth a lot more that your 850k shares of commons.

If you factor in the dilution from DIMEq and this other claim for $54 million (I did not check if the $54 million claim is associated with DIMEq or it was a subordinated claim that was settled to convert to common)to be converted into commons, the float gets really really small when it is time for distribution.

If you also factor in the liquidating trust, P's have a much higher chance to get to face value (not saying they will, but P's have much more potential to get 50% face value, if not higher).

Most of this hinges on the 70/30% split. So, since I did not do the math for you, I would say that 1,000 shares of P's you are worth far more that your 850K common holding.

imo of course.