Replies to post #477380 on Mr Cooper Group Inc (COOP)

[gold-nugget]

Face it. Commons were toast and would of been totally cancelled if preferred didn't agree to let them in. FACT. Read the POR. You should be thankful of the Preferreds.

[etzetrade]

The same as common x ?? Times. No difference between preferreds and common.

This is a substantive consolidation which supersedes all other rules by BK courts.

[ItsMyOption]

ckaufman, I understand how you feel about the preferred if not caped could get possible face X ??????????? Especially if you do not own any?

Just reading court document it appears the preferred's are not caped.

I own 50% preferred so no big deal for me as if my preferred's get just 1X plus interest than my commons get $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$.

I would just like my first million ASAP and they can spread my remaining 25-50 over the years.

[color=red]What we have coming possible in July escrow distribution is the start - OF POSSIBLE THE LARGEST REDISTRIBUTION OF WEALTH EVER!!!!!!!!!!!!![color=red][/color][/color]

[hotmeat]

The documents clearly state otherwise where Preferred "EQUITY" is mentioned.

The claims being made about Commons are nonsensical and not based in any reality.

The compromise made by TPS to agree to negate APR is what allowed Commons to survive in the first place.

Both Pref's and Commons now own the estate according to the agreed upon split...re 75/25 to the end.

No creative retranslation of the written facts will change that.