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Post# of 729796
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linda1

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linda1

Re: Dragynn post# 132158

Saturday, 01/02/2010 6:55:41 PM

Saturday, January 02, 2010 6:55:41 PM

Post# of 729796



The value that WMI's lawyers have listed for common equity on the MOR is about $ 7.65 a share.


Even if WMI is awarded a total of 50 billion by the end of all the lawsuits - will WMI be liable for more than the listed $ 7.65 a share on the MOR if they do not convert to a Chapter 7 liquidation?


I am just looking at the facts and figures that we have now - not what may be in the future.


If WMI reorganizes and emerges from bankruptcy will they be obligated under law to pay more than the $ 7.65 a share to the commons?


At the end of the day will the common shareholders - if they so wish - have to argue in court against WMI for a higher restitution than the $ 7.65 a share?

















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