Replies to post #2716 on Washington Mutual Preferred fka WAMPQ

[wpwpoet]

Jerle...really cool...cant wait for the release...

Regards to to conversion is this...

current values : say you had 100 share of P @ 5.50= 550.00
convert to current common with a high of .05
550/ .05 = 11000...or apx 100/1. I would take an offer like that. long term this offer would be worth more, IF the common returned to even $10.00, than the face value of P. it would take longer to see the common return to a moderate value but it would. A return to 40.00 would far exceed the face value of P. Just a thought. P,K and H converting to common could a better ticket. my opinion,