Replies to post #541027 on Mr Cooper Group Inc (COOP)

[hotmeat]

I'll lay it in the most basic terms so even you could understand...

Commons are lowest in priority so to enable them to receive a distribution along with the higher priority preferred APR had to be violated.

To accomplish this ALL the old stock and ALL the documents detailing their former rights had to be made null and void, which was done.

We all were reissued new Preferred and Common Equity Interests that now represent out interests in the former WMI estate at a ratio of 75%/25%.

This was the accommodation that had to be made to allow Commons to remain part of the process and share in the ownership of WMIH and legacy assets.

The other theory that you grasp onto has Zero Credibility and is not based in facts or reality, get over it already!!!