Replies to post #403375 on Mr Cooper Group Inc (COOP)

[Donotunderstand]

Zal

If there is money for equity - the court has decided already for every four dollars 3 goes to preferred and 1 goes to common

so found money --- if there is any - does reach both preferred and common escrow place holders at the same time - just not at the same rate

[drkazmd65]

Incorrect Zalviny.

Part of the settlement negotiated prior to the release of the last version of the BK plan was that P/K/U would all be on the same level of the waterfall, and in the same sets of tranches.

So,... 75% of any money gotten goes to be split among the old preferred shares, 25% among the old common shares.

So if (theoretically of course) $20 BN were recovered for the LTS, $15 BN would go get split among the those who held P/K shares (prorated among those who gave releases at the time of BK emergence) and $5 BN would get split among the old U holders who gave releases.

So assuming that there were 1 Billion "U" shareholders who gave releases, each escrow would get ~$5 for each old "U".

If there were 100 Million old preferred shares who gave releases (P equivilents - I never knew the real number of these shares) then each of those 100 million shares would recieve about $150.