Washington Mutual Preferred fka WAMPQ

[Lucullus]

Only 500 million out of the money?

So as the Examiner has said, preferreds are out of the money by only 500 million $, right?

Without a correct asset valuation, does anyone doubt there will be more than 500 million $?

I think Sussman and Solomon will find our 500 million and I truly belief that our NOL are worth much more than 500 million but I think commons are already toasted!

I realy wished that at least one single point of the examiner report would have been good for equity - even 3/12 was a better day for equity.

I realy belief that prefs still have a chance to get at least 20% face value - but commons????