Replies to post #517257 on Mr Cooper Group Inc (COOP)

[Large Green]

football, this is simple. Both Ps and Ks were converted and treated the same under the 75/25 math formula. Look at what I poster from Edgar Sargent. These are the numbers that made up the 75/25 conversion from investors who signed timely releases...like it or not...these are the numbers.

[BBANBOB]

K's were sold on a 40/1 ratio( 40K's X's $25='s $1,000) as a """SECONDARY OFFERING of P's"""".
So imho it would take 40 old K markers to convert to 1 $ 1,000 face preferd.
In total it would take 7.5 MILL preferd shares to cover the purchase of the preferds marker positions and SAVE the company from having to ISSUE some 150 mill common shares of WMIH to purchase the P's marker positions.

Seems like very simple math and a very simple and clean way to take care of the preferds.
Then when ya think that DABOYZ held prob 85% of all the preferds ouutsttding at teh time, IT ONLY MAKES SENSE to me ttat they would put themselves right back in the exact same position they got kick out of.

That being PREFERD status and with 100% APR and NOW in a DELAWARE CORP where absolute priority is 100% what DELAWARE is about
And I guess it is also a KOWINKIDINK that the company just HAPPENS TO HAVE 10 mill preferd shares available HMMMMMMMMMM

CATTOP

CAT TOP saving post this way the 1.2 billion are the shares that elected to participate in NEWCO , it has been documented many many many many times before and is an accurate count

[jerrylev]

P. K, U, TPS, we are all equal and in one basket called equity except for the 75/25 distribution ratio.

There are no such things such as face value and dividends anymore.

It was decided and done 6 years ago.

It has been discussed ad nauseum and backed with SEC filings evidence that all stocks had been canceled.