Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[hurtrhino]

Looks like your calculations are correct from my perspective. And, there should not be any fees or expenses as WMI is responsible for these to be paid to the indenture trustee here. We also know Perkins & Coie has lined up a new CUSIP number and the DTC for the conversion into debentures which should be done mid-October. Now, the big question is why does WAHUQ sell for less than 25% of the value of the subordinated WMI debentures (which trade actively at ~70)?