Replies to post #22366 on Washington Mutual Preferred fka WAMPQ

[riskandreward]

THIS DISCLOSURE
STATEMENT IS BEING SUBMITTED FOR APPROVAL BUT HAS NOT BEEN APPROVED
BY THE BANKRUPTCY COURT.

[td31]

did you look at the liquidation analysis? i know where you saw 0 - 1% but I cannot figure out how they got that %

[DudeBug]

Isn't that the same estimate they gave it in the first one??


I've said this so many times today but I'll repeat ... the Debtor's lose their exclusivity on Wednesday. Other competing plans can then be presented.

TPS wants THEIR full asset value for their Ps ... they don't want 1% so they are going to fight for every dollar they can keep from going to JPM. They are also going to fight for the assets JPM received that represent their liability to WMI.

None of this makes sense how JPM can steal all of these assets and then the Debtor keeps giving them more. This fight is far from over ... it will just look bad in our accounts until someone makes a dent in the Court that starts to convince the investors that there is a LOT more value hidden away in WMI.