Replies to post #28829 on Washington Mutual Preferred fka WAMPQ

[Lawrence 147]

Mordicai;

so what do you think? I finally received my voters package and on page 4 the instructions tell me if I opt out I can not trade my shares and that if they receive nothing the DCT has them and I have nothing. Can’t even trade them if someone is fool enough to buy them.

Is this section even legal? Sure does not seem to me that placing such an impediment in the decision should be allowed. What if at the very last moment I decide to sell if they should hit my high number or look like they will tank.

Looking for your answer,

GLTY

I am in your AT__ stock as well it is turning into a real stinker

[climberprof]

I hope Susman finds a way of stopping the current POR.

Thanks for teh answer.

Best
Climber

[climberprof]

Mordicai,

Can the EC file a competing POR before the current POR voted and rejected?


Thanks
Climber

[Lucullus]

Mordicai, what do you think concerning Susman changing his strategy now?

Wouldn't it be better for Susman to agree to the release of all claims for changing the tax sharing agreement to bring at least some money to prefs!

I think there absolutely no chance for commons any longer without claims against FDIC and JPM but there is still a chance for Prefs only by changing the tax sharing agreement or by finding some hidden assets!

Why isn't Susman demanding a hearing conserning valuation of assets?