Replies to post #658992 on Mr Cooper Group Inc (COOP)

[johnlconfer]

BD good question. My concern is that the non banking subsidiary’s have not reported there financials for over 13 years!

[BBANBOB]

Board Dork

"" It just seems logical the easiest move forward in reimbursement, is new COOP common shares. If the old P Preferred trusts are nearly depleted, issuing new COOP Preferred Bonds in similar fashion as old Ps, just isn't feasible anymore.""

SUre it is feasible and imho exactly the way DA BOYZ would want it as well divies are taxed better and COOP has 10 mill PPreferred.

Now if they do it with preferds there is ZERO DILUTION, but if IF IF they do it with coop shares the still owe the CONVERSION RATE based on price so lets say 34$ coop it will take 29 almost 30 COOP SHARE X's then 3,000,000 Ps and that is 90 MILL COOP shares and massive dilution doubling the now 86 mill PLUS SOME

But it is interesting to look at all the ways they could end up doing it but MY WAG is a new preferds that is convertible to commons and pays the 6.895 the P RATE WAS CHANGE TOO a few years back

As I said back when it changed YOU DO NOT CHANGE AN INTEREST RATE on something that will never pay interest, why would ya