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Replies to post #446121 on Mr Cooper Group Inc (COOP)
Boris the Spider
The BOD may be voted out next meeting.
I think they know it too. The hedgies as well as retailers will likely send a strong message this time around.
Time may be up for the BOD.
I have my doubts but many are saying the meeting will be the first Alamo for this company.
Boris the Spider
The BOD may be voted out next meeting.
I think they know it too. The hedgies as well as retailers will likely send a strong message this time around.
Time may be up for the BOD.
I have my doubts but many are saying the meeting will be the first Alamo for this company.
bkshadow Member Level Wednesday, 02/17/16 10:52:42 AM
Re: monosoccer2015 post# 446119
Post #
446135
of 446313 Go
The "Control Funds" control 68.15% of the votes...
...a "super-majority," when including an "as if converted warrants."
...and a "strong-existing voting majority," when not counting the warrants, of 56.84%.
...at 12/31/2014.
...the "control funds" include KKR, Teppers, Greywolf and seven other Series B preferred holders.
...other funds (defined as institutional or other), as listed in the fund's filings at 9/30/2015 and/or 12/31/2015, and their affiliation (working relationships) with the "control funds," would make one reasonably conclude that "they've got the votes to do anything that they want."
