Replies to post #604316 on Mr Cooper Group Inc (COOP)

[Civil War General]

Key words “at any time”

[rp2012881]

I would take 47 shares of COOP per P escrow I hold now and walk away with a big smile on my face.

[BBANBOB]

OK and so what

“Each share of the Series R Preferred Stock may be converted at any time, at the option of the holder, into 47.0535 shares of our common stock (which reflects an approximate initial conversion price of $21.25 per share of common stock) plus cash in lieu of fractional shares, subject to anti-dilution adjustments. The conversion rate will be adjusted as described herein upon the occurrence of certain make-whole acquisition transactions and other events.”



oh wait that is from a cancelled prospectus

SO what

[ReikoBlack]

This is redundant. The Series R Preferred Stock and the Prospectus for them were both cancelled.

“Each share of the Series R Preferred Stock may be converted at any time, at the option of the holder, into 47.0535 shares of our common stock (which reflects an approximate initial conversion price of $21.25 per share of common stock) plus cash in lieu of fractional shares, subject to anti-dilution adjustments. The conversion rate will be adjusted as described herein upon the occurrence of certain make-whole acquisition transactions and other events.”



https://www.sec.gov/Archives/edgar/data/933136/000095013407025343/v36123b2e424b5.htm