Washington Mutual Inc pfd K (fka WAMKQ)

[Lawson Digest]

I'm going to stand fast. This seems like it's an attempt to force shareholders into a particular settlement in order for the settlers to figure out who is willing to sell for cheap. Once ballots return with frustrated shareholders' agreement to settle for some magical price that we don't know about yet, they will publish some off-the-wall, way underpriced value and all the shareholders who gave up their shares will be cheated.

On the other hand, the shareholders who hold their stocks are allotted at least a year to determine whether or not the price announced will be worthwhile or not.

Again, I think with the one year timeline allowed AND the verbiage in the ballot that makes it seem like the settlers want all of us to just hurry up and accept a disbursement without even knowing what we will receive,

we are looking at a scared organization who doesn't want to pay full price for the stocks if they don't have to.

Hold strong. Don't give up. We're almost there.