Replies to post #725379 on Mr Cooper Group Inc (COOP)

[AZCowboy]

~ Go COOP' and the Share Buy Backs', ... Oh and I Thought That This Paragraph Was Beautiful ! ! ~

"This reallocation process is required to be done at least once every three years. Since the last reallocation occurred in 2021, a reallocation is scheduled for 2024. The 2024 reallocation is currently anticipated to be completed on April 30, 2024 (the “Settlement Date”), and will be based upon the use of services of the Clearing Agencies from January 1, 2021 through December 31, 2023. Voluntary Purchaser Participants will be notified through the DocuSign® electronic signature service of their opportunity to purchase or obligation to sell Common Shares during the first week of April 2024. Mandatory Purchaser Participants will be notified via email from Computershare Web Service that a notice concerning their obligation to purchase or sell Common Shares is available on Computershare’s
Investor Center during the third week of April 2024, and these purchases are expected to settle on the Settlement Date. Please refer to the following pages (Questions and Answers on the DTCC Common Stock Reallocation) for additional information"

https://www.dtcc.com/-/media/Files/pdf/2024/4/1/MBS1317-24.pdf

Abba Da Ayy ... :) :)

just sayin'

AZ

[BBANBOB]

AZ

AGAIN we seem to agree on some things

"""~ Merely "Deemed" Worthless, as Applicable to the Completed wmi-lt' ... NOT' worthless as applicable to a Released Ownership of the Completed entire' WMI Holding Company's Reorganization ~

... Individual Plan' Participation Releases and W-9's submitted to one's Broker or Bank ... by cusip and by an individual's amount owned' ...

Also, This is the ... FIRST ... time I've read a reference to a Class A, ... AND ... a Class B Preferred ... I've only ever found the Accounting for the Preferred Managing Subsidiary, directly related to a Released P' ... However, I'm thinking that an original released K' ... COULD BE ? ... considered a Class B' ... ? ... ? ... ? ... 1st time I've seen that reference'"""

The """K SHARES""" were nothing but a subset of ""P""" BUTTTTTTTTTTTTT at a ratio of 40/1 which has been stated here many times over

[lodas]

where do you see any reference in this document that this DTCC is related to WMI, WMIH?????.........this document references shares in the DTCC only!!!!!!.... has nothing to do with the chapter 11 closing, or payments to equity holders outside the chapter 11 closing......also, give proof for your assertion that escrows removed from brokerage accounts pertain only to the chapter 11 closing.....your post is a pile of speculation at best, and a pile of cr*p at the worst......Lodas

[xoom]

Thanks AZ. Now Bban and you could get along since now you see the payments for the K’s and Bban too is in agreement.

Also, This is the ... FIRST ... time I've read a reference to a Class A, ... AND ... a Class B Preferred ... I've only ever found the Accounting for the Preferred Managing Subsidiary, directly related to a Released P' ... However, I'm thinking that an original released K' ... COULD BE ? ... considered a Class B' ... ? ... ? ... ? ... 1st time I've seen that reference'

[Nightdaytrader]

AZCowboy, I remember KKR Wand and KKR Fund owning Series A and B preferred stock... I am not sure if this is related to your post but just in case, I am providing it anyway.... See below..

ND9
************************

WHEREAS, KKR Wand owns 200,000 shares of 5.00% Series B convertible preferred stock (the “Series B Preferred Shares”) of the Company and consented to the Amendment (as defined in the Original Agreement) to the 2018 Amended Charter (as defined in the Original Agreement);

WHEREAS, KKR Fund owns 1,000,000 shares of Series A convertible preferred stock of the Company (the “Series A Preferred Shares”), and warrants to purchase 30,700,000 shares of common stock, par value $0.00001, of the Company (“Common Stock”) at an exercise price of $1.32 per share (the “Tranche A Warrants”) and 30,700,000 shares of Common Stock at an exercise price of $1.43 per share (the “Tranche B Warrants” and together with the Tranche A Warrants, the “Warrants’) and consented to the Amendment (as defined in the Original Agreement) to the 2018 Amended Charter (as defined in the Original Agreement);

https://contracts.justia.com/companies/mr-cooper-group-inc-7825/contract/319734/