Washington Mutual Preferred fka WAMPQ

[GO4AWILDRIDE]

TO ALL

I posted this on the WAHUQ board a few minutes ago.


Just received in the mail a document from the LTI.

Few things to mention:

Address was:

Washington Mutual, Inc.
c/o KCC
2335 Alaska Ave
El Segundo, CA 90245

Document was a motion to pay off in Tranche 4

(Certain De Minimis Liquidation Trust Interests)

It was described as paying off in the amount of $89,763.54 in order to save $100,000 to $200,000 in adminstration costs.

Seems reasonable,BUT WHEN HAS THE LTI EVER BEEN REASONABLE?

It appears that the max payment would be $500 and most would be less than $50

The benefit to the higher Tranche 4 claimants would be the savings in the cost to not continue having the lower Tranche 4 hang around.

Lower Tranche 4 MINIMIS claimants were listed as a hodgepodge of claimants.

Objections must be posted by December 2 and if any the hearing would be on December 11.

Anyone else get this notice?



GO4AWILDRIDE