Replies to post #504810 on Mr Cooper Group Inc (COOP)

[Fletch-42]

What about cash returns from the LTI.

[Fletch-42]

It seems to me this would be costly to WMIH to absorb liabilies without income.

[BBANBOB]

IT could happen either way , that part I still am not 100% sure of but lets do it this way.

IF IF IF what AZ has suggested and that is that THE BULK will go to commons(not my view) then if WE LITTLE PEONS and AZ and RON have fingered this out, ya can bet your sweet hinney DA BOYZ HAVE TO LOTS BETTER LEGAL MINDS THAN OURS and IF IF IF this is the case(I DON'T THINK SO) then they will make sure that they are on the right side of the fence and in the right place when it does!!!!!!!!!

IMHO Preferds at the OPTION of the CO' in this case THE TRUSTEE can be switched to commons for preferds and if ya don't think they gonna be on the right side of the fence in this deal , YOU BE WRONG!!!!!!!!!IMHO

Plus it's less complicated and they don't have to tie up cash TO BACK the cost of the DIVIES and you can use all of your cash then.............Plus it leaves them 10 mill prefered shares to use as well

P.S. ALso imho they will have to pay the Preferds their back stuff and face AND BUY THEIR EQUITY OWNERSHIP out.

We're all gonna find out in teh next year what happens here, litlte by little we gonna start seeing things change and happen