PICK in my math class 100 pennies is worth a dollar, so SOrry a RS will just give them fewer shares at the same money!!
I'd suggest ya start considering the possibility of a FORWARD not an RS but again that will NOT IMHO happen until a S4V takes place here, so as to bring additional value to COOP via servicing those assets.
KKR converted their "A" Preferred at $1.22 per share. I bought xxx,xxx additional shares Of WMIH in May of 2012 at $0.52-$0.54, I'm staying in the game, so who is ahead of who? I'm not getting bumped to the curb, but I suspect you will be.
"They converted their shares now look for a R/S to increase their payout......."