Replies to post #535275 on Mr Cooper Group Inc (COOP)

[Countyroads]

If less than face value comes back then preferreds will be upset that they had to share what was left with commons....and common holders will be happy to have even been been included.

If slightly more than face comes back to preferreds everyone will be happy as it's worked out good for all.

But if way more than face comes back, preferred will be extremely excited to have received a lot more than face value and common will be pissed they had to share the excess with preferred.

[goodietime]

"Alos look at the pps they are holding KIND OF A KOWINKIDINK when you factor in an additional 300 mill shares that it equates to 1.57 aint it????????????"

BBAN, You theorize, they are planning on adding an additional 300M shares, and thus the SP of 1.57.

SO, Everybody(evidently) KNOWS about this... except Retail?

Doesn't that mean, everybody (except Retail) is trading on
'NON-PUBLIC KNOWLEDGE??

[hotmeat]

Quote: "So please explain to us all WHY the preferd holders again should be upset here OK!!!!!!!!!!!!"

How did you come to that conclusion from what he posted??? As far as I've seen he's always claimed to own Preferred and Piers.

[jerrylev]

If you own a bunch of preferred and signed release like you claim then:

- You will be very upset if somehow there are "bankruptcy remote" assets that are not under the jurisdiction of the court and POR 7 and escape to those who did not sign release.

- You will be very upset if your millions or hundreds of thousand of dollars get converted to WMIH/COOP shares and then the stock crashes and you will lose 80% of your money and you cannot even sell and run because you have millions of shares.

- You will be upset because WMI/WMIIC assets will go to 80% of WMIH shareholders who never signed release.

Things just don't add up.