Replies to post #702083 on Mr Cooper Group Inc (COOP)

[stoxjock]

"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."

Exactly Sir. And there are folks here who deliberately ignore the above terms that were specified, as POR 7 was ironed out and was ratified by ALL Parties...

[Large Green]

MadBadger, you said the following.

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.

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This is like saying POR 1-7 control when there was a an AMENDED POR 7 signed by the court on 2/23/2012 which IS THE CONTROLLING document and if the amended part changed anything which id did, then this is the controlling document even though some of the same actions MAY have been carried through to the amended document.

An interesting thing is there were daily changes made to the final document during the last three weeks leading up to Amended POR 7. These changes such as the payout Matrix among several other issues put equity in the enviable position that the Crooks were in when they were trying to zero out equity in PORs 1-7.

This being the very last in line to RECEIVE ALL SPOILS THAT THE PERPS PLANNED ON LEGALLY STEALING from equity BUT WERE caught and punished with Piers ultimately being capped in tranche four with equity now very last in tranche six.






xxx