Replies to post #659530 on Mr Cooper Group Inc fka COOP

[BBANBOB]

Nightday

""I thought only 300m shares were authorized.. if so, they can’t issue a billion shares..""

Actually they do not need too.

Since the ESCROWS are SUPPOSELDY only for shares, let's do it this way

Based on 75/25 (WHICH ACCORDING TO MANY HERE IS ONLY FOR SHARES)

IF IF IF K's P's and TPS are ISSUED new preferds they then do not need to be issued COMMON SHAREs thus saving the corp the need based on the 1 billion shares to issue 750 million, leaving 300 mill less the current 86 mill issued AND HOW MUCH has the company bought back and are gonna start buying back, to add to the amount of shares they have to work with

P.S>
Also it is nbd to get the authorized increased as THEY HOLD the votes required to do it WITHOUT any retail being involved or having a proxy vote

[goodietime]

"I thought only 300m shares were authorized.. if so, they can’t issue a billion shares.."

imo They can authorize as many as they need/want.
They have voting control.