Washington Mutual Preferred fka WAMPQ

[WithCatz]

My post was to reflect the HERE AND NOW.

I'm perfectly fine with things getting better.

But, for a level set, folks need to know "where you stand today" based on what we've heard about PORv7. And those reports by Rosen, also have been confirmed and/or not disputed by the Equity Committee in court.

So I do expect it's "close" to what we may see.

Priority maintained by conversion ratios maintaining priority of P/K's over commons into all being "NewCo" commons. But no cash.

But I hope it changes to the better.

Forewarned, is forearmed.