Replies to post #504126 on Mr Cooper Group Inc (COOP)

[wamutrader]

NO CAP on Preferred Shares any longer...NONE!

Please refrain from confusing others that may be newer to the board.

In all respect, please lets move on.

Thank you Sir.

GLTA

[hotmeat]

If that's was the case why were only 70% of all Commons released while 90%+ of Prefs did.(TPS: 93.2%, PQ: 96.9% + KQ: 90.8%).

[Milk Duds]

Nonsense. No one loaded up on the U's at the end.

I was watching closely because I sold U's to buy more P's at that time.
And I remember being annoyed that the U's had dropped much further relative to how much the P's had dropped.

So I was getting less value for the U's I sold, and then had to buy P's at a relative premium.

But I'm very happy I made that switch!

I got many more shares in WMIH than if I had kept the U's, and I also got more P escrows--which are uncapped!