Replies to post #33066 on Washington Mutual Preferred fka WAMPQ

[mordicai]

Well we know the hedge funds wanted the reorganized company in lieu of partial ? payment, so it has to have value. That Berg fellow did a value on Marion ? and it had tens of millions of revenues coming through. We have to sticky that worksheet he filed with the court. Its very possible we could see face here if there is a buyer in the wings to purchase those nols. This is the best news we have seen and P's didn't get past 40. I was expecting to see 100 today, but I guess someone isn't done accumulating yet.