Replies to post #421600 on Mr Cooper Group Inc (COOP)

[Zalviny]

how many times this has been said?

[JusticeWillWin]

Your logic is not correct, the B Preferreds can only be converted when a "qualified acquisition" takes place.

I think it is correct to say in 12 business days (or less) the reincorporation in Delaware should be completed, but the conversion of B Preferreds goes along with the M&A (qualified acquisition), that's a fact.

BTW, the B Prefs have a lifetime until 07/05/2018 (!)
So it is not a MUST that the conversion will happen until 07/05/2015, but nevertheless I think it WILL, because the big boyz want to earn money ASAP.

In 16 days the Preferred shares will be converted and company will have a new business charter in Delaware.

Great news..

Then the next steps begin all within the next eight weeks

By 5 July the company will announce a merger and be moving to the NASDAQ or NYSE exchanges.