Washington Mutual Preferred fka WAMPQ

[clawmann]

RS: I keep thinking about the two trusts. As I understand it, the proceeds of those (if any), will be paid to persons who hold newco common on Day 1 (even if they sell later).

There may be significant additional value coming to Day 1 holders via those two trusts. Not exactly hidden assets, but under-appreciated I think.

There is $25mil for litigation, which would fund quite a substantial litigation effort. People should not confuse the legal fee burn rate of this case (multiple parties and multiple lawyers) with the much lower burn rate that will be associated with one law firm representing one client.