Replies to post #658244 on Mr Cooper Group Inc fka COOP

[novascotiaSTS]

As a result of their allowed claim in Class 19, the Underwriters received 1.4m WMIH shares - which converted into 120,000 COOP shares after the split.

If they had to give up these shares, they would lose approx $4m.

[PickStocks]

I do not know what was offered to move them from the money in class 18 to class 19. I do not care. If you understand anything understand that. I did get my dimes paid less than 90%. Otherwise, I would have been out of the money there as well. The people having is with the underwriters are the ones thinking they are owed something from the LT. There was never going to be a pay out for class 19 & 22 from the LT. So I do not care why the underwriters moved to class 19.