Replies to post #726205 on Mr Cooper Group Inc (COOP)

[Large Green]

Sure as the company authorizes them but before they can be put to use there would have to be all the details including Face Amount

This save a company a lot of time when they are authorized before they actually need them by as much as two or three months. Plus they can quietly do it after time has pass because most people would have forgotten about them and just think they canceled their plans to use them. Less attention the better especially in this particular case and history

[xoom]

https://www.investopedia.com/terms/s/shelfoffering.asp

A shelf offering provides an issuing company with tight control over the process of offering new shares. It allows the company to influence the shares’ price by managing the supply of its security in the market. A shelf offering also enables a company to save on the cost of registration with the SEC by not having to re-register each time that it wants to release new shares.