Washington Mutual Preferred fka WAMPQ

[marayatano]

I personally do NOT believe that commons will be cancelled. Commons must have some type of distribution (consideration) in order to tender releases and Walrath knows that and won't leave a "loose end" open.

TPS is only posturing with APR to get a get a larger piece of the pie. They know they cannot cancel commons because EC (prefferds/commons) negotiated the "settlement" although miniscule.

In the end, the TPS argument has merit, but I believe commons are going to receive a lesser percentage than 30%.

That 70/30 split may be the only obstacle left.

imo