Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[dragon52]

On the contrary...

You are paying for the warrant, the right to buy at the strike price.

If you read the SEC filings, the original registered 10 mil shares of preferred but failed to register the warrants along with it.

The second filing corrected the registration by combining the preferred share and the warrant together as one UNIT.

But you will also note that the numbers also match since the first filing you had 10 mil preferred and 13 mil warrants.

The amended filing shows 12.9 mil UNITS consisting of 1 preferred and 1 warrant.

The misnomer is that the warrant is good to purchase common stock at the strike price. the warrant is not for more H shares.

Most here are combining the first filing and second filing and calling it 23 mil total but are failing to read it.