$27, yes, we know the powers-that-be love to come up with names such as Eclipse, Cavaliers, Wand, and others. So, it would seem to me that the "L" shares you speak about would be a reference to Legacy shares. Therefore, I also thought that these shares could represent payment for the legacy assets owned by those investors who signed timely releases, which would be executed upon merger closing.
More research needs to be conducted on this aspect of the RKT/COOP merger to determine if it makes more sense. It would seem that this would have to be acknowledged somewhere before the merger is officially executed.
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