Replies to post #3659 on Washington Mutual Inc pfd K (fka WAMKQ)

[Land Agent]

Does that mean that K's receive face value of $25.00 share right away ? ? ? -- Their dividend was just $1.00 every 3 months anyway -- 40,000 K's would total ONE MILLION CASH ? ? ? -- AND, state and federal taxes would take half of the ONE MILLION ????? -- What does your DD say ??? -- THANKS -- LAND --