Washington Mutual Preferred fka WAMPQ

[drrugby]

VC, I know that if commons see anything preferreds get paid at FV plus back divy's.

IMO: V5 Por and DS Should have the commons and preferreds in the money.

Then, after cram down, the company reorg's.

Company XYZ buys newly reorg'ed WMI and 20b$ of NOL's paying shareholders 12$++

GO WAMU..

DrR..