Washington Mutual Preferred fka WAMPQ

[HROLLER]

There are a couple of different scenarios here with this specific preferred...In a buyout; an acquiring company acknowledges face value with a merger into their shares that are similar to these "R", dividend reinstated based on the new shares...or a conversion into common at a conversion of 1:114.8 with a payout of ??? $ for common...There is some uncertainty with what may happen since that a default action occurred by filing Ch. 11 and in that default trigger, these shares need to be made whole....