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Re: Roach58 post# 387421

Tuesday, 06/11/2013 12:34:17 PM

Tuesday, June 11, 2013 12:34:17 PM

Post# of 730644
Roach, when you say "for all WAMU flavors" in your account -- I assume you are meaning escrow tracking CUSIPs. While the 'share count' may be the same as your former WAMU shares, and they may be divided the same way (Q/P/Ks) -- it is a critical distinction to understand that upon BK exit -- 100% of the Q/P/K shares were cancelled -- and _replaced_ with an equal number of 'tracking CUSIPs' -- which are not shares.

And therefore, will never have a value. Any value you see to them, is erroneous -- guaranteed.

They are there to track the accounts/persons due any 'cash' that may come from the LTI Trust -- along the 75/25% split defined between former preferreds and former commons -- and that distribution -- will never change the 'value' of those 'tracking CUSIPs' from zero. It will be in cash.

It's an important, legal distinction to recognize the above.

...Catz


.... Please, just call me Catz ;) - - - - - {and the requisite, all IMHO, do your own due diligence, and make your own investments}

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