Replies to post #637764 on Mr Cooper Group Inc (COOP)

[hotmeat]

It's either 75/25 is the precedent or the seniority of Preferred over Commons applies.......you can't have it both ways.

The Releases everyone VOLUNTARILY signed are binding and still in effect!!!!

[AZCowboy]

~ BoardDork', Yep That Is An Accurate Realization' ~

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"Preferreds are not ahead of commons. The WMILT is done and toast. The bankruptcies are over. There is no hierarchy remaining.

You have separate income issues on different tracks or highways, all running somewhat concurrently. However as the Ks are redeemable and the Ps are convertable......there is prob some strategy to how and when the Preferreds are dealt with for WMI/WMIH now trading as COOP.

Escrow tracking markers still reserve ones % share of temporary withheld income from such during the bankruptcies, so that is not lost to those who release.....but how the Preferreds carry on in the future, is up to some corporate even dictated by WMI/WMIH now trading as COOP, imo"

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... As I Have Posted', ... Judge Walrath Made The CHOICE' To "Participate" In WMI's Plan 7' Equally Available To "EveryOne" ... "Fair & Equitable" ...

All of the twisting and turning, calculators, 75/25 for All, the WMI-LT, etc., etc., etc., ... were simply purposeful cover ups for the blunders' ...

... The DTC Issued "Individual" ESC Cusips per each participating class', dimeq, P', K' and Common Shares on purpose' and for future meaning ...

Great Work As Always' ...

AZ