posted
wavap is some kind of shell that there is a vote tomorrow to turn it into some kind of business.. does anyone know anything about this.
Posts: 1070 | From: louisville,ky,usa | Registered: Oct 2004
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Member Rated: 4 Icon 1 posted April 29, 2004 12:23 Profile for glassman Send New Private Message Edit/Delete Post Reply With Quote you watching WAVAP?......WTF is it? Posts: 9620 | From: USA | Registered: Sep 2003 | IP: Logged | Report this post to a Moderator
Bob Frey Member
Member Rated: 4 Icon 1 posted April 29, 2004 12:46 Profile for Bob Frey Send New Private Message Edit/Delete Post Reply With Quote watching it to glass
Says wachovia sumthin I have no Idea
[This message has been edited by Bob Frey (edited April 29, 2004).]
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
in the prospectus released today for WB, that the Dividend Equalization Preferred Shares (WAVAP) are listed under the stockholders equity section as having a value of $11 million (page 11)?
With the issued amount of 97 million shares and today's close, the value is only $679,000. $11 million would put the value of each WAVAP share at 11.3 cents. If there were to be a merger, they would have to fetch at least this amount imo. Someone stated earlier that these shares have no value, I would beg to differ. Maybe the action Friday and Monday was the first push to get these to the correct value.
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