Mr Cooper Group Inc (COOP)

[Ed Dantes]

That's not what I meant by wiping themselves out. What I meant was, many P holders also own U's, therefore, many will have a decision to make on how they vote. And one option that will face P holders would be to vote NO with their Ps, in hopes that the judge changes the 70/30 split to a more favorable one for Ps. If that happens, then yes it could wipe commons out, hence my point of P holders also wiping themselves out if they also held U's. Their P's wouldn't be gone, but their U's would.

Of course if one were to do that, they would probably be better served selling all their U's before the vote and converting them to Ps, but I digress...