Replies to post #363556 on Mr Cooper Group Inc (COOP)

[Kristallweizen]

They changd the plan, I want a new vote! I voted the old plan...

[NASCOW]

SO APPARENTLY COMMONS SHOULD BE KISSING TPS ARSE* FOR THEIR CHANGE OF HEART WHILE PREFERRED SHOULD BE KICKIN THEIR ARSE*

Earlier in the week, court papers showed that about 62 percent of preferred shareholders voted to approve the company's reorganization plan. Without the required 2/3 majority, no lower priority claim could be paid until the preferred shareholders were paid in full.

That meant common shareholders might get nothing, despite agreeing in December to settle their hard-fought objections in return for a stake in the reorganized company.