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I cant believe John Flemball isnt in jail. Its simply unbelieveavle. At the very least a class action law suit or maybe some IRS involvement. You have to be a brave fool to be involved with anything that has his name connected to it.
Diamond, Seems it says exactly that. What I like the most is this,
"When Seattle-based Washington Mutual Bank collapsed in 2008, it was the largest bank failure in U.S. history. The federal government seized the bank and sold its assets to JPMorgan for $1.9 billion."
Still the media loves saying "biggest bank failure" and refuse to dig any further or investigate the truth. How about "biggest theft of a company" or "most corrupt govt dealing in memory" ot how about "the largest illegal seizure" of a bank in US history. Also it says we were sold for 1.9 billion but conveniently leaves out the fact we had in excess of 50 billion in assets as well as being a 300 billion dollar corporation. Got to love the sheeple media outlets. The sheeple are to scared to stand up and the media knows they believe anything they say.
Jamie Dimon should be investigated by the DOJ. He should be in JAIL with every other criminal on Wall Street who think that the laws of the land dont apply to them. He should be slapped with jail time as well as punitive damages for his part in this conspiracy. I mean a make an honest mistake on a tax return I have the feds beating my door down for 200$ yet nothing for Dimon. God Bless America. Its situations like this that are pulling our country right down the crapper.
Unless I missed something earlier, no one in court said today that "the commons will get nothing". Did they? If not then nothing has changed since 2 weeks ago with the news that came out, yet we continue lower. The only change is more manipulation on the crooked pinkie exchange. I would say their should be a law against shorting the stocks of companies that have filed for BK. Though I know it wouldnt make a difference. Just like when the no short list for banks came out and WAMU was conveniently left off of it. Settle up for gods sake. We arent going away!!! EVER!!!! If I stole a pack gum from seven eleven I would have to answer for it, yet a group including a govt entity can steal 300 billion and no one blinks an eye. Wow we do truly have the best justice system here in the good ole USA. He who hasmost money gets the most justice. Plain and simple.
Ok I retract my "sell your stock" statement. I am too and I want to be as positive as I can with all I have been through with this the last 3 years. GLTY!!!
Your right anything can happen. Talks might break down but certain powers that be will take this as far as it takes to reach a satifying solution. Its been 3 years and we are still here Im in it to win it as are many with far more at stake than us. The truth will set us free or a deal before hand. Their choice (JPIG, FDIC, etc)
Hard just sell your shares and move on, if your even a holder of the stock?
I did and I do.... Fluffy to me is the fact that if a deal isnt struck, we are taking it further. Which if it isnt a fair and equitable resolution, I want it taken to the next level. If the real truth ever gets out, Im golden. Im all for it!!! Just for the record where do you stand on WAMUQ or any other equity of WMI?
True but I would think a "tentative agreement" being reached, as its worded is a far better position than we have been in years. Also the whole thread started on the question of the stock becoming completely worthless. At this point with the "tentative agreement" it is not. At worse its traded for in for post BK stock. Its far more valuable than it has been is ages. The latter line is JMHO.
Let me refresh you memory
¦Common equity in the reorganized Debtor will be distributed to holders of allowed, subordinated claims and the Company's preferred and common equity holders. In addition, certain holders of allowed claims, other than those holding allowed claims who would have previously received common equity in the reorganized Debtor, have agreed to receive a debt instrument and a preferred equity instrument having a combined, aggregate net present value of approximately $160 million.
We are common equity holders!!!!
Here is the link for all the news. Your welcome.
http://ih.advfn.com/p.php?pid=nmona&article=47812101
Your kidding right????? Perhaps you didnt read the news release 2 weeks ago.
Thanks DanBB I didnt know that. Peace and glty.
90% of the shares trade last week traded at a higher PPS then we are now. That says it all. We traded 200MIL+ last week. Now we are down .02 on less than 8mil. Unreal is all I can say. The MM's run the otcbb/pinkie arena. Plain & simple. Short of news saying the share value of WAMUQ is X amount of dollars, the MM's will keep it right where they need it. Sad but true.
MN, I agree a tidal wave is coming. As far as surf its flat here as well, but Im in FL now not NC
92k at the .176 ask with 5k showing and the ask dropped. You tell me, is that manipulation? Certainly isnt supply and demand!
There was 104k at the ask and it drops again. I wish I had that kind of power.
53k at the ask with 15k showing and the same 3 MM's and the ask is the same still. Manipulation
my bad I have to edit. By the time I pushed post, they dropped it. Classic!
Nah I have been here to long and watched it for 3 years. Logic can show you its all the MM's and has been for quite a while. This is why no institutions really buy otcbb & pinkies. The rules for the MM's are far less tranparent here than on the major exchanges. The best one for them in bb/pinkie land is the fact thay NEVER have to show best bid or ask or true lot size. Thats just crazy!!!! Thats how they do most of their manipulating, then the sheeple follow. level 2 will show 2 MM's with 5k each inside at the ask. Yet the same 2 MM's remain there and you see 150k shares trade at the ask and it doesnt move. Never like that on the major exchanges. You often here people on the boards of a bb/pinkie saying, "I have a buy in above the ask thats not getting filled" and its not showing on level 2 or 3. Its only because they dont want the stock going up at that point. Also you will see orders go through all day way above ask but somewhere between the ask and HOD. Those are held trades to stop momentum. If it happens a dozen times a day I would say it could be some MM playing catch up with orders. When it happen ALL day it is exactly what it is. You rarely see that type of activity on the major exchanges
They are already at it!!! Sells going through lower than the bid. Then a few sell that were sandbagged higher than the ask. Its back and forth like that all day. Actual news the day the deal is done will send this through the roof. The MM's will be able to do nothing. I personaly wish they would halt the stock until the deal is done!!!! Boy wouldnt that be an exciting day?
No That is why this stock is trading 300% more than it was 9 days ago, with a lot of upside still to go. There are shell companies all over the exchanges with far less going for them trading for much more thean WAMUQ currently does. Buy into it or dont, doesnt really matter to us longs. We know what the expected outcome holds for us, it is no longer .000 with only upside potential.
Your right though it still makes me sick. That day of reckoning will be here and we will have the last laugh. Its that thought that keeps me sane. LOL.
Oh have the powers and ability to trade how, when and with non existant shares. I could be rich!
As I said .16 now...JOKE!!!
Its never thin if AABA is on the ask. They show 1 5k lot inside and sell 100-200k???????
250k in trade takes us from .17 to almost .16
I would say the resistance is where the MM's want it, just like it always is. Seems now .17 is it. We will prob trade here most of the day.
250k at .17 ask at .169, gotta love it
Wow about 550k at the ask or above and they drop the ask..... I dont know why Im still suprised.
Huge blocks above ask and they wont let us go!!!!!!
Its more like Deal or Deal. The "No Deal" days are over. GLTY
The typical Bullshite right out of the gate. Love the tiny volume .18-.16 drop. Un freaking real. Nearly 80 million shares traded yesterday higher than the pps now. Supply and deman will never matter when you certain privelaged people can sell phantom shares. Total BS!!!!!!!!!
Perfect execution by the MM's today. That is exactly how you screw joe q retail & johnny daytrader. Longs are not hurting at all. Shorts covered a good bit after shorting at the highs of the day. Wish I could play on the same field as them. Sucks we have to wait days for funds to be available yet others playing the same game can sell shares that dont even exist!!!!
How do they get away with it. Im on the phone and yelling at anyone who answers. SEC NASDAQ screw it. IM gonna call day long!!!!
Why this huge drop .225-21 and falling???
"orchestrated manipulation" isnt that a libel charge??? Of all the boards on IH this one has to be one of the few that has its facts straight. No need to manipulate, this has legs of its own. Look at it run since the "factual news" came out a week ago Friday. I dont know what you posted because I dont read many of your posts for the apparent reasons.
Nice NO volume walk down..... The jig is up. Pay me FFS!!!!! LOLOL This is a hoot to watch. We will trade in 100ths all the way to 2$ if it will save these MM's, hedgies & shorties 10% a day in LOSSES... LOLOLOL
Finally .22 funny how I saw 250k trade at .22 before level 2 even showed it as the ask???? They are starting to feel the wrath of WAMUQ.
And they succeed for now. Unreal the buying pressure and the MM's find a way to stop it or bring it down. The sandbagging is incredible. I still cant believe they dont have to fill orders at the ask, the just put them to the side to stop momentum. Then you see them randomly going through.
.215 10k
.214 5k
.214 25k
.213 3k
.214 5k
.2189 40k
.213 3k
.214 8k
What a freaking joke.
They sure cant Scanc
MM's trying like he!! to put the brakes on before .22
Level 2 is a real joke. Takes exactly what it shows on the bid the knock it down. 15k inside on the bid 15k sale and boom cleans out that line and drops the bid. 20k inside on the ask, 750k in trades @ bid and the bid drops. LOLOLOL. Keep playing MM's your days are getting SHORTER. PUN INTENDED!!!!