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Re: WAMULICIOUS post# 371825

Friday, 05/25/2012 10:44:40 AM

Friday, May 25, 2012 10:44:40 AM

Post# of 749756
**We are complaining because WE GOT SCREWED. The point of the voting/release procedure was to get locked shares in the new WMI at a certain price based on the valuation, roughly .63 maybe a little higher. In a year or so, AFTER VALUE WAS ADDED, the hope/plan was they would open much higher and trade in the dollars.

Instead, the idiots on the BOD let the stock trade and now it's sinking far below where we would have been valued if it had not traded.

Anyone, and everyone can buy the stock at far discounted levels from where are shares were converted. So really, THERE WAS NO POINT in bothering with the vote/release. You may as well have sold your commons at 6 cents, and P's over $15 and then buy back now in the .40's or probably lower in weeks to come.

If the BOD can pull a magical beanstalk here and add value: great. But the damage is done. There was no point in voting and releasing, we gained no privilege by doing so.

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