Replies to post #355436 on Mr Cooper Group Inc (COOP)

[NASCOW]

Here's where the TPS argument and objections will come into play; in addition to DIMEQ pushing for their belief in the LTW contract conversion ratio

Holders of preferred and common won't be able to have their cake and eat it to if this comes to pass...especially if the reward is better to do so, than it is to allow common to survive; again if TFjmw takes that path...IMO

[jhdf51]

Great point Ed.

[gophilipgo]

Ps won't be wiping themselves out by voting "no". However, they will be limiting the amount of NOLs available from $17 billion to $6 billion if I understand correctly. But unlike the $17 billion, the $6 billion is unrestricted, and as we all know, the $6 billion is what the SNHs were after. But, they had the cash to utilize them. NewCo doesn't. So as far as the best scenario for NewCo--owned by only preferreds or shared with commons--it's a toss-up, in my opinion.