Replies to post #38793 on Washington Mutual Preferred fka WAMPQ

[Old Tymer]

Does anyone know when the 'cutoff' date is?...

At some point a cutoff date will be announced. However many shares you have at that date will be all you can buy if you want to participate in the conversion. In other words, whatever shares you own by that date, that's it. No more.

Anyone know when that date will be? Is it the day the POR is officially signed off on by all parties and an announcement is made? If so, does anyone have any idea how long that might be? I read one post on the other board which stated that all parties have 15 days to approve this deal. If they don't, I'm not sure what happens. I'm just trying to figure out what kind of time line we're talking about here. How long do people have, if they want to continue buying shares and participate in the conversion? TIA.

[cents2ks]

looks great to me jack, pockets are waiting for objections or lack thereof...
...i'm not waiting all my new cash goes to p's until/unless something changes.

the more accurate sets of numbers being discussed seem pretty solid.

GLTY and Merry Christmas!

[jackfburns]

One other thought: quotes from Sargent and Willingham have reflected that the EC is "pleased" with the settlement... That's quite different than saying the EC is "satisfied" with the result...

That suggests to me that there is more to this settlement than meets the eye right now... and I suspect the EC knows of an interested white night or has one lined up, ready to go...

It's subtle, but I think the verbiage may be significant.

Jack