Replies to post #37352 on Washington Mutual Preferred fka WAMPQ

[mrholty]

Note. I am writing from my phone and memory as I sit at a hospice care facility with a family member.

With regards to the piers isn't the hope for the investment at this point simply that the full claim amount is $700M ($34/share). Now, for any of the preferreds to get paid wahuq would have to get paid in full first. That means they wwould get $700m less the approximate $500m to get paid. That leaves $200m left / 23 share or $8/ share. Grantee each month costs wahuq 30m vs less for the others (14 m iirc).

The only way k and p get paid is wahuq gets full minus contract rqte which wouldn't wipe out wahuq for 18 more months.