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TJ1947

10/02/09 2:00 PM

#105721 RE: cashgrinder #105717

Don't know if they have converted them, cashgrinder, but if they did, they own majority of the company!

"If TPG, based in Fort Worth, Texas, and the other investors fully convert their preferred stock and warrants into WaMu common stock, they will end up with just over 50 percent of the company."

http://seattletimes.nwsource.com/html/businesstechnology/2004354533_wamu17.html