Replies to post #354118 on Mr Cooper Group Inc (COOP)

[Yanik]

why would it not make dime happy in 18. would they not get paid?

because it weird. Someone doesnt buy 100,000 piers in one shot like they did today if they thought dimes would end up in class 12.

so it either they dilute the commons by putting them in 21 or in 18 and the piers and commons stay happy.

[clawmann]

The current DS/POR assumes Dimes will be in with commons, in class 21, which may explain the 30% of the newco going to commons. Could well be that the 30% number assumes there will be an expanded number of commons due to the inclusion of the Dimes.

If Dimes are moved to a higher class, that 30% figure may be adjusted down to compensate. Another reason why the judge was given the authority to change the percentages.

[gophilipgo]

Dimeq in Class 18 would make everyone happy, except Dimeq themselves.

Won't happen in my opinion, simply because it would be a gross violation of APR, because lumping DIMEs into Class 18 means they would receive nothing, despite being ahead of equity in priority. (Unless the POR is modified, and DIMEs are given some sort of compensation for being placed in Class 18.) Walrath knows this and her history of upholding APR speaks for itself.