Washington Mutual Preferred fka WAMPQ

[climberprof]

Okay. fair enough. Then this begs the question:

Consider a situation that a pref. holder votes no/no to the plan and the releases and it turns out that majority of the pref. holders vote yes/yes and the plan is approved by the judge.

Then what happens to that share holder voted no/no?
Now since he/she voted no and the plan passed that person does not get any NewCo shares?!? Then the shares he/she are holding now is worthless and he/she has to go through the legal process suing whatever himself??

Any thoughts?? Just doing some brain storming here before sending my vote.

Thanks
Best
Climber