Replies to post #668411 on Mr Cooper Group Inc (COOP)

[austin01]

Large Green, so with your theory, would "common equity interests" just be a residual after preferred are triggered?

[Nightdaytrader]

Large Green... thanks.. interesting... so before, we received about 20 WMIH common shares for each WAMPQ (preferred)... I think really 19.8 or something, but to make the math easier, let's round off to 20 shares...

So lets assume 1 WAMPQ is replaced with 1 COOPP (preferred)... So if we were to once again, to get 20 common for each preferred... then 1 COOPP would equal 20 COOP... Now 20 COOP x $50 = $1000 (same as original WAMPQ)...

Hmmm

ND9