Replies to post #398453 on Mr Cooper Group Inc fka COOP

[nranger]

Well, I was hoping for the 10.50, but if paying the piers opens the waterfall, where I really hope the other escrows get treated right, then so be it.
In the confusing times of the former 'Q' stocks I actually did cut down drastically on the amount of WAHUQ and brought more of the 'P' and 'K' and 'U'. I was following your advice before you even gave it to me.

[WithCatz]

LG -- just to be clear, are you stating - 'they may receive $3.00-$4.00' at the next distribution? With the remainder (to 10.52+) later?

Or something else?

[vics picks]

Quote ( Yes, IMHO, they may receive $3.00 or $4.00 a share )
If so that would make the waterfall dry up to nothing. It seems that would make some people happy. I can't imagine why all the hate for the PIERS holders. Yes the original holders were mostly hedge Funds, but plenty of small investers also hold PIERS. Is it not bad enough that PIERS have lost over two thirds of their value to the Senior note holders. Such greed to hope the PIERS get hurt again to make the lower levels enriched.
Please Katz weigh in on this issue.