Replies to post #725430 on Mr Cooper Group Inc (COOP)

[garyhalvo]

LG, I see the P’s and U’s being paid in tandem, not one and then the other.

[BBANBOB]

LARGE GREEN

""Common stockholders are last in line when it comes to company assets, which means they will be paid out after creditors, bondholders, and preferred shareholders""

AND THE COURT DIDN'T LIKE that because of what the DIPS DID(IT) SO it ordered a Negotiated SETTLEMENT

BUT IN THIS INSTANCE THE PREFERDS WERE NOT NOT NOT CAPPED at full and only face value as it was a NEGOTIATED SETTLEMENT IN CASE THERE WAS NOT ENOUGH TO GO AROUND,,,,, ALL WOULD BE ALLOWED TO PARTICIPATE UP TO their respective 75/25% ""OF ANY AND ALL RETURNS.
SOrry Charlie ya can't have it both ways and they CHOSE THIS WAY, ANYONE WONDER WHY THE DIPS chose this way???????? HMM TRY 75 beats 25

OR they would have been capped at face AND IN THAT CASE the commons would have inherited the bulk of the estate

SOrry folks they DID NOT NEGOTIATE THEMSELVES INTO BEING SUBORDINATE TO COMMONS, NO WAY NO HOW