Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[mrholty]

Can someone help me out on this?

On page 47 it states that 'assuming an effective date of February 29, 2012 the maximum possible recovery for holders of Allowed PIERS claims is approximately $250,000,000"

Yet earlier on page 45 it states piers are getting 9% of the initial claim of $789. my math says 9% x $789M is only $74M.

These are both referencing the same basic math as even note (j) in the Liquidation analysis in Exhibit C: Liquidation analysis refers to the $250M and not the $74M.

Lastly, if DIMEQ wins and is placed in Class 12 is WAHUQ still at 9% ($74M) or are they now a $0? This is a crock of shit if WAHUQ goes to $0 and preferred gets something even if DIMEQ wins.

Additionally, reading footnote #24 on the bottom of page 45 they refer to $375M of general unsecured claims (Class 12) as more to flowing to WAHUQ if it is indeed less. Does anyone have any thoughts on if the $375M (now $402M with interest) is likely to be real?