"Re-read Ron's note in lightof two points: Alice said 2.5 X for Class 19, Ron believes it's 2.8 X. 75/25 split is over - that would mean anything over fulfilling Preferred would go to common. How much to common would be dependent upon the total value of available holdings that belong to WMI Escrows."
Re-read Ron's note,post (659485)
"Preferred Funding Accumulation. Thank you AZ for the numbers. AZ has done great work in finding and bring forth the background asset of the WMI machine. This pool is largely for Series R 'P'. More Big Numbers for P's. Just smile."
"background asset of the WMI machine. This pool is largely for Series R 'P'. More Big Numbers for P's."