Washington Mutual Preferred fka WAMPQ

[marayatano]

It is dependent on different factors or combination, but I believe preffereds to be in the money.

FJR (includes consideration for releases from prefereds very good possibility due to creditors w/ BILLION $ claims exchanging for MILLION stake in WMI2 = inside information on creditors end) Judge Walrath knows this and has probably already made a determination of FJR based on creditors wanting WMI2 already... however, that is my speculation...

Dis allowance (Partial/full) <---- questionable???

Valuation of WMI2 as an operating entity as opposed to a run off entity (this is where I feel is strong and will get preferreds a % of WMI2 and not liquidation trust). This is where PJ&S and SG will shine in our favor.

NOLs (useable - strong enough to get a % of WMI2 and not liquidation trust) This is a given, but it is to what extent and partially based on valuation of WMI2 as an operating entity, not run off.

Insider Trading (we all believe there was some, it is just a question of "PROOF".)

Based on the above combination, that will give you your % of WMI2.

THIS IS ASSUMING GSA stays intact, preffereds have an extremely good chance even with the GSA intact.

IMO