Replies to post #24643 on Washington Mutual Preferred fka WAMPQ

[GO4AWILDRIDE]

newbie

That is always a possiblity but highly unlikely.IMO

Remember this was a 300 BILLION heist that cost JPIG only 1.88 BILLION (you have to ask yourself what is wrong with that picture)

Preferred stock is higher on the list and SHOULD get paid in full before commons see one cent per share, but in settlements anything is possible. Like WAMPQ only getting 80% and WAMKQ getting 70% and commons getting around $2.00 to $3.00

Remember the EC will vote on the settlement and what ever they decide we live with. The chair of the EC only holds 1,000,000 WAMUQ shares and I do not believe that Williamham would only get into common shares if he did not believe that $$$ would flow into them.

If you are asking me what I think, it is that WAMPQ & WAMKQ will be paid full face value and commons will receive $20-$24 a share.
Do not know if back dividends will be paid to WAMPQ & WAMKQ or if they do get that will they also get interest on the dividends as well.


GO WAMMMUUUU

GO SUSMAN

GO EC