Replies to post #29391 on Washington Mutual Preferred fka WAMPQ

[DudeBug]

Thanks, Maryatano. That's what most have to realize. Rosen will say and do anything to make this POR work and will do his best to sell his con plan.

If there IS VALUE IN THE ESTATE over and above the Liabilities there will be NO NEW COMMONS. There is no reason to issue new commons if all of the liabilities, including the Hs, can eventually be paid from the assets. There is such a thing as paying off the matured bonds and keeping the ones that haven't matured on as reorganized debt.


That's what Susman needs to prove ... there are enough assets to remove all the Creditors and let Equity get back to the business of running WMI to recover its full value.

[etzetrade]

Moreover, debtors don't include commons in the new picture. Pref. stocks?.....maybe or maybe not. BR has numerous way to screw pref. stocks up, such CVRs.