Replies to post #462816 on Mr Cooper Group Inc (COOP)

[yx88hc]

MD presented a plausible theory recently on this board: to PURCHASE the mortgage loans that they have been SERVICING all these years.

[elephantstomp]

Your share count is incorrect.

March 2008 when JPMsux made its offer there were far fewer shares. TPG (& partners) invested about $8 billion, after the JPMsux offer, in convertible preferred and those were converted prior to seizure.

I do not have the dates & number of converted shares readily available, just wanted to throw out a correct narrative.

[muyuan51]

You don't believe Kerry Killinger as stupid chatterbox, don't you ?