Replies to post #33409 on Washington Mutual Preferred fka WAMPQ

[Kristallweizen]

Consider also that the EC is not a "one man show" IMO

[climberprof]

The conversion ratio of Ps to commons is 1:117 (or something like that). Is there any chance that they can go with this conversion?

Since the company is reorganizing now and it is not going anything near to Chp 7, can we say that the preferreds will definitely get a reduction on their recovery?