OK, in case the priority rule is violated (I sincerely don't see it), did you take your time to make numbers and see how much preferreds would agree to give up?
Did you take you time to make those numbers? How much percentage of haircut do you think preferreds will accept?
Total 8B in preferred value, a 5% haircut is 400$ million which divided in 1,7 billion WAMUQ shares make 0,23$ per share
Total 8B in preferred value, a 10% haircut is 800$ million which divided in 1,7 billion WAMUQ shares make 0,47$ per share
Total 8B in preferred value, a 15% haircut is 1.2$ billion which divided in 1,7 billion WAMUQ shares make 0,70$ per share
Total 8B in preferred value, a 20% haircut is 1.6$ billion which divided in 1,7 billion WAMUQ shares make 0,94$ per share
Total 8B in preferred value, a 25% haircut is 2.0$ billion which divided in 1,7 billion WAMUQ shares make 1,17$ per share
Total 8B in preferred value, a 30% haircut is 2.4$ billion which divided in 1,7 billion WAMUQ shares make 1,41$ per share
Total 8B in preferred value, a 40% haircut is 3.2$ billion which divided in 1,7 billion WAMUQ shares make 1,88$ per share
Total 8B in preferred value, a 50% haircut is 4.0$ billion which divided in 1,7 billion WAMUQ shares make 2,35$ per share
Total 8B in preferred value, a 60% haircut is 4.8$ billion which divided in 1,7 billion WAMUQ shares make 2,82$ per share
Total 8B in preferred value, a 70% haircut is 5.6$ billion which divided in 1,7 billion WAMUQ shares make 3,29$ per share
Total 8B in preferred value, a 80% haircut is 6.4$ billion which divided in 1,7 billion WAMUQ shares make 3,76$ per share
Total 8B in preferred value, a 90% haircut is 7.2$ billion which divided in 1,7 billion WAMUQ shares make 4,23$ per share
Total 8B in preferred value, a 100% haircut is 8$ billion which divided in 1,7 billion WAMUQ shares make 4,70$ per share
