Replies to post #657350 on Mr Cooper Group Inc fka COOP

[RajuSondh1]

If what is going on is true (MBS etc.) - then Judge fought for you and there is nothing changing it at this time. It is logical, legal, and mandated by regulations.

[PickStocks]

She is in no way fighting for anyone other than herself. If you read the fine print, you will see. This is why she did not raise the issue with judge walrat and had six years to fight the issue instead now at the end. Really.. this was know in 2013 but she saw an opportunity to make a buck....greed

[mwd44]

austin01-Class 22 wouldn't exist if someone wasn't representing them. The purpose of the 75/25 split was designed to keep common shareholders in the game.

The chances of getting the waterfall to the preferred shareholders was, at best, difficult. However, getting the waterfall to common shareholders was impossible. Hence, the birth of the 75/25 split.

The 75/25 split insured the life of all of equity. Even if one cent remained after all classes, ahead of equity were paid,common shareholders couldn't be cancelled. That penny would be split 75/25. Isn't compromise beautiful.