Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[marayatano]

H (warrant attached) were convertible to common (WAMUQ or whatever the symbol was before) before BK, but not now, however, they may be receiving shares in the reorganized WMI2 depending on how the new POR will be written.

As for commons getting $24 or 24 times damage (I always chuckle when I see that), I doubt that will ever happen especially since Walrath maintains her fair and reasonable GSA. Commons will be lucky to get shares in the reorganized WMI2.

In the end, whomever gets the reorganized debtor, they are in for a windfall. Hedgies wanted it for themselves (may be not now if they get disallowed claims, have to wait and see what comes out of the mediation)... as they say, "Follow the Money..."

All in my opinion of course...