Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
10B to 30B is still within reason.. JPM found 30B in Dimon's butt pocket.. Justin Nelson of Susman tried to talk about 30B in court.. Walrath said something along the lines of 'say if 10B came back, wouldn't you be ok with UW getting 1%?'.. etc etc.. so.. let's see. hopefully very very soon now
the judge should at least push back on the record destroying time frame.. 11 years.. and now a sudden push to get rid of everything.. what's the rush?
then again, pay us our fair and reasonable first and destroy all you want!
yea.. if you think back to this time last year.. it seemed like it had taken months to figure out that EC claim... then there was some random ex wamu employee that showed up earlier this year.. every time.. these things would take weeks and weeks to play out..
JPM should have returned that 30B they found.. considering they 'bought' everything else..
Well let's hope then that whatever he helped us put in place years ago will go into action once the bk closes.. and it better not just be the diluted pile of coop shares that were given to us..
MAybe in some of them redacted documents stashed away years ago?
I wonder if we can call susman to say what's up after the bk closes in 2 days.. exactly what bus did he get us on?
Because they are obviously in the know..and it's possible they negotiated their own side deal years ago (hopefully not!)
What a travesty that would be..
But no one really knows what numbers susman used right ?
Same ..it's quite possible the judge will sign on Thursday and the lawyers will disappear into the horizon (with the money train having been already siphoned off in advance over the past decade)..
Sounds like bopfan already had a response to yesterday's wmilt filing in her back pocket .. and it looks like they will duel this to the bitter end..
Yea wasn't it recently disclosed that the lawyers and A&M and whoever have billed over a quarter billion for services over the past decade? Why all the 'work' if there is nothing inside the pot ..
That's been a lingering fear all along .. but if the big boys signed the 'same' releases.. technically we should all be the same boat and receive the same fair and reasonable..
The thing is if we don't hear anything in the short term after bk close.. how do we know they aren't dragging their feet or trying to pull a fast one on us retail holders?..
Yea it seemed kind of random.. to drum up more emotion before the 19th..
Let's hope AZ is right.. the rhetoric being thrown around by Rosen et al in the court filings is definitely discouraging..
Yes it may have been worth hundreds of billions at one point ... And it is what they should return.. but the question is are they willing to return..
Yep. We can guess all we want. But the fix is in and whatever the people with power and influence want has already been set up long ago. Let's just hope we will be at the final table to collect the spoils..
No one really knows what we will get in the end. Let's just hope that all 3 flavours of equity get paid
fair value and interest .. of course I want it all back.. but after a decade of being in the dark.. it's hard to trust that the crooks will hand us back our true worth..let's hope I'm wrong!
yea no way...it would be in the 100's of billions
between 10B and 30B seems more plausible.
better than nothing.. at least legacy preferreds would probably see PAR value..
also, wasn't it recently disclosed in filings that over a quarter billion dollars have been billed for work by the 'professionals'.. that's a lot of money paid out to lawyers, accountants and the sort to manage 'nothing'.
Let's just hope there is a base of $10B coming back..
Let's just hope there will be some closure on the 19th , one way or the other.. no more delays.. no more excuses
Just think of all the redacted documents over the years.. and this thing has been dragged on for over a decade.. why? Hopefully we will soon find out.
i hope you mean 10 days and not 10 years!
Yea time to move on now .. let's see what the upcoming bk closure will bring ..
hopefully we will find out if we become hero (assets/ monies are revealed as the BK wall disappears)!.. or we go zero ..
A huge sham and fraud if all they end up paying is the 1.9.. dimon himself found 30b in his coat pocket..
well if in the unfortunate scenario that we all get coal, the big boys better not be handed special pieces that are actually pure gold after they blow off the soot!
The big boys can churn forever. Who knows maybe they already are making millions and millions from the assets hidden from us common folk. But most of us aren't big timers.. so $10 B would be enough for us to close the door on the past decade and move on
10 billion return and I think most of us would call it a day.. as we are all tired of waiting..
Let's just cross our fingers that once this closes.. we find a pot of gold and not a lump of coal!
my understanding is that 10 Bil coming back equals a PAR ($1000/sh) recovery for legacy P's.
Well if MW helped us stay alive by allowing participation in the POR..maybe she will now guide us to our F&R end
well didn't susman's own man Justin try to cite $30B too in court years ago.. and MW tried to shut him down.. where is that 30B now??..
yup.. unless.. the reverse the reverse split!..
or give us a crap ton of new COOP shares in lieu of cash..
yup..
maybe he's calling MW behind the scenes.. and asking that she somehow make everything go away (I.e. settlement) so he doesn't have to rule at all..?