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jb1967lbk

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jb1967lbk

Re: MasterBlastr post# 14917

Tuesday, 09/04/2012 7:39:28 AM

Tuesday, September 04, 2012 7:39:28 AM

Post# of 15495
I can't tell if you're complaining about the WAMPQ's or not. The "R"'s appear to be where the real sweet spot in the Washington Mutual bankruptcy was. Last trade prior to the re-org was $2.82 and now an old WAMPQ is worth nearly $10 in new WMIH shares.

Interestingly, even the old Washington Mutual got a token amount of new equity. However, this was spelled out in the plan of reorganization, not something that was created or added after the fact.

"The penny stock investor may be the most dangerous creature in the investment world, at least to himself.[...]His hypocrisy becomes most apparent when he then blames his losses on the greed of others." Robert C. Dugan, Director - JRM Capital

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