Replies to post #697698 on Mr Cooper Group Inc (COOP)

[JusticeWillWin]

This was the starting number of COOP shares, there were 93.2M shares outstanding as of the R/S. BTW, it can be found in all the previous 10-Qs!!!

Sad that people throw out such statements without opening some previous 10-Qs and checking the facts. Please you and BBANBOB stop your dilution BS...

By the way:

70,564,728 / 93.2M = 75.7% ==> COOP bought back a total 100% - 75.7% = 24.3% of their common stock since then!
(in fact a little bit more, because since then some shares were issued for the incentive plan)

CAN YOU SAY DILUTION? EXPLAIN The FOLLOWING. Thank You

Thanks goes to BP Poster, HSGWSWAMU26YEARS

Did you notice an increase of 22,435,272 Common shares?

The difference you calculated (22,435,272 shares) is the NUMBER OF SHARES COOP REPURCHASED SINCE THEN!

COVER PAGE
Number of shares of common stock, $0.01 par value, outstanding as of October 21, 2022 was 70,564,728.


Liabilities and Stockholders’ Equity

Preferred stock at $0.00001 - 10 million shares authorized, zero shares issued, zero shares outstanding; aggregate liquidation preference of zero

Common stock at $0.01 par value - 300 million shares authorized, 93.2 million shares issued



So between 10/21/2022 & 10/26/2022 there is an increase of 22,435,272 Common Shares.





xxx

[redisnieurt]

you dont think there is a difference between the meaning of "shares outstanding" and "shares issued"?

they DID issue 93M shares. Then they bought back 20M shares. Now they have 72M outstanding.

If they meant to say shares outstanding in the second statement, then they probably would have just said shares outstanding.

You realize that they have investor relations people, accountants and lawyers all sign off on everything that gets released, right? They are not using the words "outstanding" and "issued" interchangeably. They are different words with different meanings.