Washington Mutual Preferred fka WAMPQ

[HROLLER]

My opinion;

30% of the $5.6 billion tax return is $1.68 billion + $3.7 billion cash / 1.7 OS common = aprox. $3.16 per share. Common gets paid with its own cash, preferreds dividends are reinstated by JPM after assuming them. Debt is satisfied. The media has already released their PR. EC needs to approve this if this is the case.