Replies to post #68985 on Mr Cooper Group Inc (COOP)

[WaS]

There is some speculatory discrepancy as to what happens with the undeclared dividends. It's possible, though unlikely that Ps could get face and any unpaid dividends as part of a settlement.

Ps could be paid in full (with or without undeclared dividends) or they could be swapped for a similar preferred series or could be converted over to a newly created series with the same prospectus details.

Really... it's all guesswork at this point. Personally, I want the cash, thought there are many others that dream of having the dividends reinstated.


"Do I get that right, in case of a stock swap the holders of P´s would get $1,000 (+ dividends?) in cash?"

[tcs5]

JUST A FEW OBSERVATIONS;
1. There was a reason why WAMU put a 5 percent buy in on there stock at the begin of this bk.
2. WAMU is worth just about as much as JPM stock if you take in every asset they own plus the bk settlements.
3.Everyone should realize now why WAMU went into bk, and didn't stay out to fight. (they needed to know who there freinds were and who there enemies are).
4.This is a different kind of bk, because of all the assets and other items that WAMU has.BUT it is the SAME at the END. WINNER takes ALL and takes care of ALL of there SHAREHOLDERS.no EXCEPTIONS.
5.EVERYONE should do there DD'S now and not listen to much to

the BS some people are saying and they are trying to get you
to sell your stock.
Think you have held on this long, might as well stay with us
till we /WAMU finishes these companys that started this mess.