Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[Lawrence 147]

IT was my understanding that this was a $34.xx stock in an agreement approved by the judge. Then came the announcement of the subrogation to senior stocks and that at the time of the reorganization we would be worth $24.xx PPS.
Could it be that the LTI is to make up the difference? If we were to be paid cash or stock doesn’t that still hold? If you were to subtract the $10.49 from the $34.xx you would come up with $23.xx which is awfully close to the $24.xx we were to receive during the reorganization.
It could be that everything is already taken for the subrogation and the only thing left will be the LTI, I don’t know bit CWG may be correct in his thinking that they will take all of this as well. One thing I do know is that with a conversion of 19.80058 per old H the new shares are worth more than the old shares of the H’s if we do get paid. If you had 100 H’s you should receive 1980 new company shares and trading at .64 that would equal $1,266.40 if you take the same 100 shares at $10.48 that only = $1,048; something does not seem quite right.