Washington Mutual Preferred fka WAMPQ

[marayatano]

Your post:

Chiron, I think the Einstein theory of relativity applies here, where Space & Time tells Matter & Energy where to go…. the creditor parties have every incentive to get this thing moving quickly to conclusion, if they can, and concessions by WMI are on the horizon. I thought for sure the H’s would have fell hard [the mere fact H's could be considered equity?] while Dimeq ran harder… it’s a fresh start with no examiner or POR so I thought it was a toss up between prefered or common to run… I thought prefereds would have hit $25 in anticipation of things to come before a clawback by MM , so much for figuring the MM.....but as you said, everyone these days want certainty, that would certainly bring movement

Look the the below:

7. Further, Counsel has been advised by the Trust Preferred Holders that, as of
October 25, 2010, they held, in the aggregate: (i) 1,004,019 shares of securities referred to in
the Plan as the “PIERS,” which the respective holders acquired during the time period between
December 17, 2009 and September 29, 2010 at prices ranging from approximately $22.00 to
$27.925 per share; (ii) 1,478,594 warrants referred to in the Plan as the “Dime Warrants,”
which the respective holders acquired during the time period between April 26, 2010 and
September 28, 2010 at prices ranging from $0.315 – $0.5188 per warrant; (iii) 57,610 shares of
securities referred to in the Plan as the “Series K Preferred Stock,” which the respective holders
acquired on or about September 13, 2010 at an average price of approximately $.959 per share;
and (iv) shares of securities referred to in the Plan as the “Series R Preferred Stock,” which the
respective holders acquired during the time period between September 17, 2010 and September
21, 2010 at prices ranging from approximately $30.7834 to $31.3761 per share

http://www.kccllc.net/documents/0812229/0812229101029000000000009.pdf

Look at the charts on the above BOLD dates. PPS did NOT move when they were buying. Goes to show they accumulate in stealth mode, whether it was on September, or any other day.

imo