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I trust the numbers of others here. It seems like 20% is a reasonable calculation.
But I simply cannot accept that Weil, Quinn and Alverez worked 18 months for such a poor settlement. It would be an embarrassment to them all.
Anyone have a link to the entire days time sales for WAMPQ? I have it up in ETrade but it doesn't let me cut-n-paste the text.
It is interesting to see the PPS movement.
I haven't read the past 199 posts but I'll add something I've been thinking.
Not including the EC may have been a negotiation tactic. WMI now has the minimal settlement they will be able to get. And they now have it read into the record. Now they bring in the EC to play bad cop and push for far better terms.
Yep. And I think we make new highs next week.
I'm thinking we'll see $90 again today, at least $80's
Audio files are up for the hearing: http://www.viewip.net/WMI/Hearing/2010-03-12/
I'm sure a lot of P investors here got shaken out of their shares.
I think it is time to buy commons. Need to see how many dollars I can scrape up.
I think you're right. I'm focused on the P's and K's but even commons might be ok.
I wish I had cash to have bought the P's near the bottom. I would have and was going through accounts looking for extra money!
Nervous yes.. but I'm completely comfortable holding. Watching L2 on the P's they are fighting over the BID. Retail is getting shaken out.
This is all IMHO.
Retail got scared because they didn't hear Rosen say equity is paid.
I see this as a huge shake. I think P's are still in the money. And we still need people to do DD on the proposed settlement numbers.
I think this is a shake and huge covering for shorts.
Keeping cool is right.
Yep.. we'd see 100,000+ shares plus if it were dumping.
They want to scare people out of their shares. This will rocket!
Here's the big shake!
The examiner's report came out yesterday on Lehman. Making the report public was part of Lehman's court hearing yesterday.
For those interested.. the Lehman hearing and report can be found here:
http://viewip.net/LEH/Hearing/
Absolutely. And not a single share sold.. on any of them.
Glad to help Viva. I'm in all Lehman and my average on J's is .0047 so I'm well up.
Thanks to you some of us arrived VERY early.
Thanks Viva
If the opportunity arises I will be throwing my hat into the ring. I've served on boards before including a commercial entity.
I added the examiner's report to the hearing audio page.
The report and audio can be found here:
http://www.viewip.net/LEH/Hearing/
The audio for this hearing can be found here:
http://www.viewip.net/LEH/Hearing/
The audio for this hearing can be found here:
http://www.viewip.net/LEH/Hearing/
Hearing adjourned. I'll post when I have the audio up.
It will be filed in 30 minutes.
"extraordinary" was a statement by Judge Peck.
Order entered. Slightly redacted document to be released today! 2200 pages.
Courtcall service used by attorney's. Need to pay for it.
I'm listening. I didn't do a bridge call on this one but I might next time.
I'll make the audio recording available when it is concluded today.
Motion is to file the minimally-redacted document minus the 12 pages which someone has objected to. Those 12 pages will be on the agenda for the omnibus hearing on the 14th.
The redaction are only regarding personal info.
I'm on the hearing.
Judge entered around 2:12PM
8,000+ footnotes
thousands of documents
propose to have an online hyper-linked document accessible to everyone
Calls is extraordinary, reads like a best seller
IMHO the impact of articles occur the day after publishing. I think it is orchestrated and published today to prevent a run on WMI tomorrow.
And what, the seller receives their stock back? I don't believe it.
http://www.investopedia.com/ask/answers/06/settlementtradedate.asp
I disagree Johnny.
**Hearing 3/12/2010 - Phone Details and Audio Archive
LISTEN LIVE:
Dial-in at 10:55AM EST
Hearing begins at 11:00AM EST
The bridge number is 712-432-1001 and when prompted for the access code enter 477420980
You will hear no music just an intermittent beep until I join the call to the hearing.
AUDIO ARCHIVE:
To be notified as the audio archives become available:
http://twitter.com/WaMuAudio
The archived audio will be made available at the conclusion of the hearing:
This Hearing: http://www.viewip.net/WMI/Hearing/2010-03-12/
Hearing Index: http://www.viewip.net/WMI/Hearing
WMI calendar:
http://www.my.calendars.net/wmi
NOTE (3/9/2010): I called the court and the hearing is schedule for 3/12/10 Friday 11AM. The court said the agenda will get filed and posted tomorrow.
I believe that is the case. The court filings will be the proof though.
I won't point fingers.. but JPM's attorney's had Blackberry's in hand.
It was positive news though. I myself bought more commons because of it. If I hadn't heard it myself in court I'm sure I would have panicked and unloaded the few commons I have. I'm glad I went to court.
I was busy writing up the DC court results.. you all that got in at .34 and .35 -- feel free to make up the difference to .475 for me.
I'm glad I got filled. And congrats to you on your K's! I'm heading home to watch the rest of it there. But of course of all days the wife needs me to run an errand!! AHAAH!!
I've tried to get filled on commons since .39 on ETRADE and it simply will not fill. I tried going 2 cents over ask.
I'm now trying for .50
EDIT: It just filled at .475