Based on the accounting Y!, I compute the value of WAMUQ Common Stock to be more than $15.41 as shown below:
• Negative common stock holders’ equity (as shown per Balance Sheet filed By WAMUQ with Trustee/S.E.C.) -$1.4 Billion • Cash* on deposit at WaMu +4.4 • Minimum Refund amount due from IRS because of Net Operating Losses* (NOLs) carried back to prior years (as shown in footnote to WAMUQ’s Balance Sheet filed by WAMUQ with Trustee/S.E.C.) +2.6
Value from accounting Y! (Not including Unliquidated Claims) 20.6
TOTAL $26.2 Billion Billion
*Currently in litigation
$26.2 Billion divided by 1.7 Billion WAMUQ common shares outstanding = $15.41