Washington Mutual Preferred fka WAMPQ

[jackson227]

Hey Jerle. I was wondering if you could please check out my post from the WAMUQ board and would like to hear what you have to say about it. The WAMP is about to start its STOMP up the charts baby. Wooo hooooo.


Posted by: jackson227 Date: Wednesday, November 26, 2008 12:04:02 AM
In reply to: dnoto who wrote msg# 43584 Post # of 43668

Can somebody please check my math? These new holdings #s from http://www.mffais.com/wm.html
Are making me crazy. I keep taking the new holders total value and dividing that value by the total # of shares and keep coming up with $16.60 per share.

Now WTF are these people buying? New common stock??? Do you think that each current share is going to be assigned a value of 4.15 ? 8.30 ? 5 ? 10 ? and be part of an exchange for new stock/warrants, etc? Do you think the value of the new stock is going to be 16.60 or do you think it will be $20 and these “early investors” are getting a good deal, are these new buyers purchasing a new issuance of preferreds to raise immediate capital for WASHINGTON MUTAL so they can pay off SUE JPM without having to use any, or should I just contact WASHINGTON MUTUAL INVESTOR RELATIONS at : investors.wamu.com ?

I know I’m a crazy moron, but somebody please talk some sense into me. Thanks


Shaw D E And Co Inc
Institution 0.00 % 2008-11-24 160,952 $2,671,803 New Holding 160,952 100.00 % $0


Rochdale Investment Management Llc
Institution 5.72 % 2008-11-21 100,000 $1,660,000


Gamble Jones Morphy And Bent
Institution -0.44 % 2008-11-13 10,400 $172,640 New Holding 10,400 100.00 % $170,976


Artisan Partners Ltd Partnership
Institution -9.94 % 2008-11-13 372,800 $6,188,480



$16.60 ??????