Replies to post #702076 on Mr Cooper Group Inc (COOP)

[MadBadger]

I read that as well, but when I read the Amended Agreements it also stated that was altered and to my understanding, it’s no longer the Normal Standard Formalities when Preferred gets paid first before Common. “IN THIS RARE OCCASION,” They get Paid at the Same Time. “Pari Passu!” To my understanding those agreements no longer matter when they (Preferred and Common) agreed to a 75%/25% SPLIT OF ALL PROCEEDS.
You can’t Ignore that writing in the Plan, and also, not include that the Agreements got Amended, Altering the Payout Waterfall. Good Day Lodas and Thank You for Making Me Better.