Did you guys look and see that there are only nine hundred shares shorted on WAMKQ?? Did anyone look and see that there were only 1200 shares short on WAMPQ?? Did anyone look and see that there were only 100 shares short for WAHUQ??
This is a pretty amazing set of numbers. They are important because all equity is linked at the moment. The bears are all gone off to play with easier meat.
And it speaks to the over all health of all the equity interests, common included. Here the common stocks bennefit if the preferred issues demonstrate they have a real interest in the outcome and force the courts to recognize the committee with full powers and funding. They are tagging along because they are still under water, but their interests are recognized and furthered.
Those that say the common are above water are simply counting birds in the bush. That's not speculation. It's just quoting or paraphrasing the lawyers. They are under water. But they probably won't get cut because the committee will demonstrate that some of the equity might get paid so all of it should be allowed to have a say and be allowed to participate.
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