Replies to post #2392 on Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[Lawrence 147]

If you check the box to opt out you do not receive your share of the security. That says you will take them to court on your own. If you want your cut Do not check the box.
If you vote against the plan well that may have little relevance but it could throw a monkey wrench into the confirmation of the POR. If 50.1% vote No then the plan fails; but there is class 12 (JPM) who will vote to confirm, so for the POR to be confirmed WAHUQ would need to be crammed down and that would mean we would need to receive at least liquidation value. At this point it could go either way as once again there is that subrogation to the Senior Bonds and their contract rate on the interest.

[etzetrade]

I did the same "vote No, and not check the box of opt-0ut", plus I did not mark the optional common stock election.

In any rate, I will get whatever the value is after the dispute settled. Assuming it is settled in a low price, it does not matter anymore. The residual value of wahuq would not give you that many common stocks.