Nightdaytrader
An issued and outstanding share of WMI stock … prior to or on the Petition Date.
Does not mean the stock cannot be traded… purchased or sold…
It’s the total amount of shares recognized by the Debtors.
It means the directors or management can not issue any new WMI shares.
The petition date, September 26, 2008… is not a deadline.
The Effective date is the deadline… March 19, 2012.
If you own shares before or on March 19, 2012… then your part owner of WMI.
all IMHO…
Good luck to you.
Wwhatthe