Replies to post #310499 on Mr Cooper Group Inc (COOP)

[VivaLasVegas]

sounds like a great plan.

[DPincus]

Mara: I'm in total agreement with you and in fact - IMO - this is how I think this will be resolved.
Everyone just needs to hold tight to their conviction that the EC is working to try and bring this home in a way that appeases most - even if it delights some, and disappoints the fantasies of others.

I hold uq and pq, so am hedged, but heavier into uq. I really do think this will end okay, with pq being refloated and absolute priority being adhered to.

Have great weekends, all - and happy fathers day to the dads out there!

Dion

[drkazmd65]

Excellent solution IMO - Then that would let the market decide the value of Preferred shares (I'm guessing in the ballpark of the FV at least) and not cost the estate or anybody else directly to keep them alive.

Might seriously scr@w with anybody who has shorted Ps or Ks - but I'm OK with that.

I've hedged with a decent amount of Ks all bought at less than $0.70/share, so that would be a win for me as well even if I decide to sell the Ks outright rather than hold them for a time.

[gophilipgo]

I would not like that, unless Ps and Ks are given equal treatment, or unless more money is put into the till, and the PIPE financing is removed. I think it's a slippery slope to allow hedge funds a clear upper-hand over retail shareholders, particularly given everything they've done thus far in this case. They don't give a squat about retail, and that isn't going to change in the NewCo either. There's a reason the SNHs wanted preferreds in the NewCo, and I doubt it was to the benefit of commons.

[xoom]

Excellent post . Somebody needs to forward this to the relevant parties..

[REALtime64]

The REAL answer is someone should call and tell JD unsinkable ships do sink And for some reason only the mice know well in advance before the captian ever finds out most cases the captian never dose and goes down with the ship IMO