Replies to post #477508 on Mr Cooper Group Inc (COOP)

[etzetrade]

Also, those pre-BK holders common had 100% confidence on WMI. So, after WMI filed BK brought them to the bottom. WMI owed those holders an apology.

Unfortunately, nobody in EC knew how much $$ parent company has been hiding. In order to compromise everyone, JW approved substantive consolidation of 75/25 split. Then, there is NO cap for preferreds.

[es1]

I see it as those that exited were who drove it to $2 and lower post BK.
Those who bought recognized something that sellers didn't and took on the risk of being wrong.
No different than cashing out of a stock in a down trend the day before a split is announced and it spikes
You don't get split shares just because the selling pressure caused you to sell.
Risk vs. Reward.
You buy risk and when you sell you get your rewar. Win or lose.