Replies to post #696328 on Mr Cooper Group Inc (COOP)

[ron_66271]

Preferred Funding and the Cayman’s.

The TPS of four or five offerings at 1 million per share made up the Cayman’s for a total offering of $4 Billion what went through the Exchange Event all backed by ABS/RMBS.

Similar story for the Series R and Series K. All backed up by ABS/RMBS.

Yes TPS and P and K are all apart of Preferred Funding/Cayman.

I could go into great detail but I’m not in the mood for typing.

The point is that the money is there ready for distributions because the backed offerings are not a classical debt offerings like traditional bonds.

The money/property is in Trusts.


I’m in agreement with you,
Ron