Replies to post #355896 on Mr Cooper Group Inc (COOP)

[jackfburns]

I can't be certain of that, either, but I am inclined to believe they did.

Here's why: it was Equity that posed the threat to them via litigation of IT. It was Equity that they needed to appease in the settlement, IMO.

The EC has given the judge the ultimate say in the matter, since, as you have eloquently pointed out, the commons have not gotten "consent" of the prefs, other than those on the EC.

However, if the SNH's hold a huge block of prefs, and if they vote YES, it won't take many of us Regular Joes voting Yes to push it through.

IMO

[jackfburns]

Also, recall that the SNH's at one point thought equity was completely out of the money and they may have dumped a lot of their shares right after the GSA was announced. Not so certain they have that many shares left; that is one reason why they were concerned about the IT charges.

Very good point.