Replies to post #726490 on Mr Cooper Group Inc (COOP)

[Nightdaytrader]

AZCowboy, and do former P holders get issues new preferred’s and cash? If new preferreds are issued, are they for coop or xxxx?

Thanks
Nd9

[johnlconfer]

Thanks AZ. Finally getting paid for Project Eclipse as outlined in the 2018 filing. I thought this payment would take a few months not 5 years! Boy was I wrong. How will the the 36 M shares be distributed and to whom? Project Eclipse stated shares for assets. I believe the assets are the new MSRs Coop has finally added.

Semper Fi

[clintonj]

If 500,000,000 shares return to original common share owners. Then we would receive. .41667 new common shares per original each origional Q. And x 50.00 per each new share or 20.93 per original q share. Doing my best napkin math. Someone help me out here.
Or 36,000 000 shares devided proportionately by 1.2 billion shares is .03 shares per origional Q x 50.00 or 1.50 per origional released Q.