Replies to post #439016 on Mr Cooper Group Inc (COOP)

[clawmann]

I have run the math many times. What I recall very clearly is that a $100 million payout to equity markers (P's, K's and commons) will result in just about $10 being paid to each P marker. I cannot recall what a K marker would get, but it is much less than $3.00, more like $0.25.

I believe there is a calculator that Catz linked back in 2012 that shows this. It was on "geishababy".

P's and K's would get 75% of the $100 million.

The old par or face value of any preferred shares, P's or K's, is absolutely irrelevant.

[Evintos]

Yes, I lumped REIT, P and K into one non differentiated amount of $3.02 for Class 19. My mistake. Forgot to do conversion rate. $3.02 is the average per marker of Class 19.

Post 439008 by Hotmeat for weighted Class 19 values.

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I haven't had my coffee or lunch either.