Replies to post #504411 on Mr Cooper Group Inc (COOP)

[mordicai]

There is no cap. They both misinterpreted the por. The word "face value" does not refer to the original P or K security. It refers to the LT itself. One cannot be paid more than the face value of the LTI issued them in the future. Piers had a face value of $50 yet their LTI face value was something like $10.52. If the Liquidating Trust comes into billions and billions of dollars, Piers will still not receive anything above the face value of the $10.52. The liquidating trust issued a press release which supports that there will be no cap. No one has sued the LT to challenge that interpretation.