Replies to post #355687 on Mr Cooper Group Inc (COOP)

[WithCatz]

Rainbow, that clearly requires one to factor in their personal holdings. If I hold 1 share of P, and 100000 of common, then that's one reality. If I hold 1 share of Commons, and 1000 shares of Ps, then it's a different reality.

Of course, that's an extreme example -- but it shows quickly why the math does not work universally. One has to calculate the effects for themselves, on their own holdings.

...Catz

[jhdf51]

Depends on losses occurred to sell common...and if the split is as some suggest. I stll believe we have some more miles to walk through the WAMU fun house.

[WAMUSHAMU]

um yea if 100% goes to the P's they would make more lmao!

[clawmann]

For those that hold both commons and prefs, once the conversion rates are know for the P's K's and U's, you just have to use a calculator to figure out how many newco shares you get under a 70/30 split and how many under a 100/0 split.

Could well turn out that someone who owns 1000 Ps and 200,000 U's would end up with more newco shares under a 100/0 split. In that case, they should vote no if they want to maximize their return.