Replies to post #40136 on Washington Mutual Preferred fka WAMPQ

[Chiron]

Honestly I don't give a crap anymore. I'm voting Yes, giving my release, locking my shares and moving on to the newco.

Wake me up with WMI2 starts trading.

[rainbow1111]

I'm voting to Reject the plan and I will give releases. i'm hoping the judge will decide to increase the waterfall to the preferreds. That's why I sold all my commons about 2 years ago. The risk with the commons was too great for my comfort.

[eighty]

The judge wanted to make sure what 30% meant for commons. Whether 30% of 70% or 30% of 95%. And Rosen again said 30% of 95% was in the plan unless court alters for any other reason.

I think there will be change in split as you mention, if prefer voters say no to the plan.