Replies to post #243826 on Mr Cooper Group Inc (COOP)

[dix]

Thanks Myadad,

I think this latest midnight trickery is going to take my mind off the H's for a while. Amazing, the regularity with which the Debtors are able to find new money but push Equity furhter away from the table.

Ten

[DudeBug]

Thanks for that history on the Hs.

The latest PIERS Interest Calculation Estimate Summary was posted yesterday. It breaks the value down with the Preferred portion (that being paid) with interest and the remaining stock portion.

On page 19, it provides the discount to the Cumulative balances.

http://www.kccllc.net/documents/0812229/0812229101021000000000013.pdf


JMO ... That extra gift to the WMB Bondholders of $335MM is definitely a tactic to keep the PIERS from being paid off so they can be the recipient of the new commons.