Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[marayatano]

Without me going back and reading, HUQ is considered 1 unit. 1 unit is comprised of a preffered share and a warrant. The face is $50, however, the security was issued at a price of approx. $32/$33, not $50.

Since bk occurred, the warrant is automatically cancelled and non-exercisable. There are no more warrants.

The ORIGINAL claim was for $50 per unit, however, it was rejected and adjusted to $34.xx because these units were issued at $32/33 per unit, not $50. The Wells Fargo Trustee agreed to the reduction and admitted error on the trustee's calculations.

As for the float, look down further on my LONG post and the 23 mil float was confirmed by the Wells Fargo Trustee and there were some sec filings which are also in the post.

Plus, all the figures add up to the allowed claim as shown in the LONG post.

imo