Washington Mutual Preferred fka WAMPQ

[Wamook]

Jean you are really out there!

No news to support the $8 price. Just hype.

But the price of this stock will probably follow the common at the 115 conversion rate. while the common is still around. No transfer agent makes things a little sticky but so what. If the common goes up a half a penny this stuff should go up too by about 50 cents based on the conversion. If the common goes down a half penny, same same down 50 cents.

What this stock has got is super volatility. SUPER volatility. At the very moment they say there is a dollar left over for the common shares to split 1.7 billion ways, this stuff becomes worth its $1000 par value Jean.

Don't wait for $2. Look at the common shares and figure that's about where the PQ should be based on a 115 share multiplier. Look for action at the publication of the schedule of assets and at the point where they tell us about a transfer agent arrangement. And any little thing else that shows up in court too.