"...but your not entitled to squat." I did not "hitch my wagon's(sic) to this [mixed metaphor]train wreck". I purchased stock for sale on the open market.
After spending a great amount of time reading almost everything I was able to get my eyes on I came to the conclusion WAMUQ had been wronged in a mighty way.
Once I decided, based on the evidence in the filings and the reasoned opinions on IHub and other boards, blogs and news articles the logical decision was to make an offer for a specific number of shares. Shares, I might add, someone else wished to sell.
I did and they did.
I have no idea who may have owned the shares I purchased and the shares can't tell me. They don't care. They may have been in a mutual fund that because of rules had to divest. They may have been in someone's 401K. Or, perhaps, they were sitting in storage on a market makers hard drive.
Regardless of where ownership was prior to my purchase I obtained them legally, morally and ethically.
If they appreciate even more dramatically—and, IMO they will—than they've done so far I'll be very grateful and thankful.
If by some strange quirk of fate they become worthless—I don't think that will be the case—well, I made a decision and took a chance and I'll have to live with it. It was no one's fault but my own.
As far as entitlements go, I'm entitled to the same price per share for my shares as any other holder of WAMUQ shares. No more and no less.