Replies to post #124603 on Mr Cooper Group Inc (COOP)

[rickszy]

Johnny. Forgive me for being ignorant on this issue, but in a scenario where commons are cancelled, and creditors are awarded issuance of new stock, what pps would said new stockholder shares start at? … rs

[climberprof]

Johnny

This is only ONE, most common but ONE, way of reorg.

You very well know that there are BK examples where existing commons are NOT cancelled.

Noone knows what is gonna happen including yourself and the fly on the wall!

You play your game for shorting this stock (== bashing it constantly) we play ours!

Best
Climber