Mr Cooper Group Inc (COOP)

[Franconeli]

I wonder how many shares are being wiped out by not voting or failure to vote in a correct manner.

It was a wonderful move to jettison all the shareholders who did not vote or vote properly.

Think of all the shareholders that never followed the matter. Think of all the ones that errored in voting.

I wonder how shallow the final pool of correctly voted shares there will be.

In the past I remember someone stating the number of shares being actively traded. This was determining the price of the shares. This amount was miniscule compared to the totallity of shares outstanding.

Think of all those shareholders who walked away from their shares. All those shareholders who received bk packages from the brokers and promptly threw them away. Think of the ones who attempted to vote then did it in the wrong manner.

I believe that there were over a billion common shares. I wonder how many of those shareholders knew to vote save their shares and then voted in the correct manner.

How many correctly voted shareholders will be left standing in the end?

It was a very clever bk plan by the SNH. The EC committee did try to warn people the best they could. They even were able to obtain an extension for people to change their votes.

This all could be said for preferreds too.

Its very much like Agatha Christie's book Ten Little Indians.