Washington Mutual Preferred fka WAMPQ

[gophilipgo]

I don't think spite is their main motivation. I agree that they want profit as much as we do. What I fear is that they try to obfuscate any potential mergers/acquisitions such that a rather lengthy delay occurs, at which point they can collect a significant amount of interest on their loan during said lengthy delay. Which, in turn, would dilute us. After owning several million more shares, it would turn much more profit for the SNHs if they merged/acquired after this dilution because of their newly gained shares from said dilution. That's my concern. I will add that the makeup of the board should make this unlikely, but I just do not trust the SNHs and their extent of influence.