Washington Mutual Preferred fka WAMPQ

[hahawin]

I suggest for safety reason,not only buying other two preferred stocks of WMI, also buy some WhuQ issued from its capital trust 2001,Wahuq shareholders are subordinated debentures noteholders, in this B.K process, not only to be investors of WMI,but to be creditor will be much safer to hold for potential huge gain. in SEC filed stated WAHUQ as"
a preferred security issued by Washington Mutual Capital Trust 2001 (the "Trust"), having a stated liquidation amount of $50, representing an undivided beneficial interest in the assets of the Trust, which assets consist solely of subordinated debentures issued by Washington Mutual, Inc. each of which has a principal amount at maturity of $50, a stated maturity of July 1, 2041 and, at any time, an accreted value as described in this prospectus; and
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a warrant to purchase at any time prior to the close of business on May 3, 2041, 1.2081 shares of common stock of Washington Mutual. The exercise price of each warrant on the initial date of issuance was $32.33 and will accrete on a daily basis as described in this prospectus to $50 on the expiration date. "