Washington Mutual Preferred fka WAMPQ

[Holyschnikes]

I agree with what your saying, however the Judge allowed the ec to be a third party, albeit an uninformed third party..lol. The hope for preferred holders is that the Judge looks after the equity interest. I understand she's not obligated to do this, but it's difficult for me to believe the deal won't be sweetened enough to cover a potion of preferred. Commons??? Toast, always was...a great trading vehicle to flip for awhile though....!