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Re: jmbell42 post# 3457

Thursday, 04/14/2011 11:43:25 AM

Thursday, April 14, 2011 11:43:25 AM

Post# of 8307
I had asked earlier what actions have been filed against WAMU, it's BOD and JPM, in case we fail to be recognized as creditors.......
Looking back I seem to remember that the situation is clouded by the wording that WAMU could pay the 85% of proceedes to the LTW's in stock. Does that allow for the possibility that we get paid in the almost worthless shares? Or, would we get JPM shares, new WAMU reorganized shares or cash if we are not deemed creditors? Just my recollections and thoughts while waiting. I may be way off base with my memory of the situation. I just received my packet, which I will read tonight. Good luck to all.
Marty

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