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agreed that's my interpretation.
GO EC/CROSS/JOYCE/Quinn/THJMW
are we back to this? Really? I don't think i would worry too much about that, i'm sure the board and other boards, media, courts, litigators will have an array of information once and if settlement/share exchange happends.
I'm with you on most of your points. She was very irritated, in fact she was ready to rule last friday, these lazy bastards postponed for this Friday.
I agree that more than likely she will deny FDIC automatic stay motion, beyond that....who really knows.
This stock is still in for one hell of a roller coasters in the next few weeks.
what tapes? did he say tapes? If they were tapes I couldn't even play them.... LMAO
check that same message i updated the link
FROM GHOST: FDIC and Deutsche Bank Agree to additional ext. .
http://www.ghostofwamu.com/documents/09-01656/09-01656-0013.pdf
Summary Judgemets rarely approved, however in this case JPm has not presented sufficient evidence to prove or diprove WMI claims to the 4B. My concern however and the reason for the lengthy hold up has been the FDIC. A summary judgment or party moving (applying) for summary judgment is attempting to eliminate its risk of losing at trial, and possibly avoid having to go through discovery, by demonstrating to the judge, by sworn statements and documentary evidence, that there are no material issues of fact remaining to be tried. If there's nothing for the jury or trial in this case to decide, then, the moving party asks rhetorically, why have a trial? The moving party will also attempt to persuade the court that the undisputed material facts require judgment to be entered in favor of the moving party. In many jurisdictions, a party moving for summary judgment takes the risk that, although the judge may agree there are no material issues of fact remaining for trial, the judge may also find that it is the non-moving party who is entitled to judgment as a matter of law. (not the case here) If the FDIC presents documents ligitimate or not to counter or prove beyond a reasonable doubt that it belongs to them a trial will be set.
Techinically as the receiver it should have take any distributions made the estate and pay creditors. As we saw early this week FDIC inherited a lawsuit that Wamu had initially started.
The discussion however is that the holding company is a different entity from WMB. As I see it, the money was a deposit just like any other patron of the now JPMC and should have been returned upon request. If the FDIC felt it was entitled, they should have motioned only after that deposit had been transferred to the holding company. The motion from the FDIC attempting to intercept 4B now will probably denied, however I don't feel that will be the end of the 4B saga.
IMO, no matter what THJMW decides it's a win , win for wamu. If wamu is awarded SJ it will be a win and simply nulify jpm's dispute as well as put them on warning that something very illegal happend (buying a comapny for 1.9B and including a 4B deposit)
If however THJMW sets this motion must be disputed in a trial, this fairs well for wamu as now it would be entilted to damages 3X
Although this will rape the common pps temorarily for the traders that are holding long to this stock it will be a win in the end.
this is all IMO. GO EC/CROSS/JOYCE
the SJ information I picked up from wiki
http://en.wikipedia.org/wiki/Summary_judgment
board is quite today. ok i'm going to work. Lets hope for a gReen day!
GO EC/CROSS/JOYCE/QUINN/THJMW WEIL/ROSEN CAN F... THEMSELVES
these guys are ruthless.... 100, 150, 300 share trades...ridiculuos. This is the rel crime with this stock the manipulation is by far holding this below the mark. Once it gets into $1.00 plus territory they cant hold it back as easy.
JMO
I was hoping most of you were done dreaming and speculating on what you would do with the money you don't even have. I understand speculation on stock movement, potential gains and such; but really we're woried about how a settlement will be paid out?
jmo
GO EC/JOYCE/CROS/QUINN; weil can go F himself
i think these bastards are going to hold this under .25 today. Not a bad gain, tomorrow should be intersting.
New filing pushes this to june, this may slow down the buying although it means nothing to us longs...whats another year LOL
agreed Fish! climber don't bring us down with that kinda talk. I am not pumping, just looking at the reality that wamu has had most favorable rulings and they won't stop coming. Next stop SJ
that was sarcasm.... i bought into that 7-10 days many many months ago....GLTA ....RCCH is scam. Gene should go to jail
looks ast though these bastards will hold her off today. Good luck tomorrow mm's. hey shorty, don't look now....after 16 months your time has come. BURN< SHORTY BURN!
in about 7-10 days LMAO!!!!!!
sorry i had posted twice damn computer!
GO WAMU
I wonder if "cicimi" is in. I hope so, all that buying and selling might have left him in the dust, and he's in the corner trying to kick his own ballz
lets worry about gains when we have gains. Unless you sold at a profit then worry about taxes, otherwise sit back and ride this puupy all the way up.
these gains are chump change compared to the actual tax issues we may actually incurr. But lets not count our chickens before they hatch.
FASTEN YOUR SEATBELTS! click, click, click..... not much resistance after .25 ....(is that the moon I see in the distance?)
this should spark some intrest to new buyers, tomorrow we will hit the 100m trades and we will see some real movement. IMO
or you can sell...LMAO!!!!!!!!!!!!!
SKY IS THE LIMIT: where did ARCA go? those dirty bastards...lol
ask and ou shall recieve....here's your first idiot on deck...."that communist"
I wonder if we all put a small position sell order at $2.00 to see if these bastards trip it. I think I'll do that 10K at $2....come and get it mm's
YES! i think we were all surprised at the lack of jump on the pps immediately after EC confimation. I was and am still suprised at the p's and K's thought they would go through the roof. Which leads me to beleive that more investors are gearing towards q's (wonder why?) I think thursday will be d day!
I agree this buying pattern and 10-20% gains daily is reminiscent of that week back in september. Also the early spikes and the late last minute spikes are all indicators...JMO
GLTYA
GO EC/Joyce/Cross/Quinn! Weil and rosen can go fly a kite.
that was a clarification? Hey dude, I was simply stating and emphasizing your poor choice of vocabulary. I understand what you were alluding to, but you just can't make up phrases and such. this is a serious board with very well informed investors. I'd read before i post. IMO
well, I was playing Fish's game speculating on the eod spike. My guess and only a guess.... is there's a leak about possible SJ coming in our favor or a motion from the EC that will truly expose JPM/FDIC
leak!
I think what you're referring to is "securities fraud" never heard on grand investors theft..... I'm not a litigator but I "investor" could reference so many aspects, an investor could be a bondholder, notholder, securities, private ...etc. very vague i doubt that term exists.
Here's your filing FISH! this article is great if the FDIC can inherit positive cashflow from WMB because of the so called failure then they in turn would inherit debt or pending lawsuits as well.
Case closed on the 50B that Weil/rosen were claiming....can you smell that? It smells like a shortie burning!
http://www.bizjournals.com/kansascity/stories/2010/01/25/daily51.html
courtesy of Karaoke singer!
GO EC
i'm with you and sorry. I was off anyway i had misread the post earlier. Im going to bed. GLTYA ....GO WAMU LETS BREAK .25 again...maybe $1.00 :) now im dreaming
nevermind, i need to go to bed another poster had converted to cents (dollars) my bad :)
dude your 15 min behind. it was at .21 pps 10 min ago. i don't have realtime but look at the posts below
thats's delayed the last quote was .21 and rising
She didn't deny the motion, she simple stayed she wasn't ready to rule on it. It was a fair ruling. In other words if JPM/FDIC and others don't voluntarirly give information then the 2004 rule applies. It was stayed and thats a good thing. LEts look at the glass half full people
they get a pull back yet in wmi.f ? what the volume ....just wanna know before i go to bed
nice steady climb.... i think we'll do the same but i don't think we'll go over .25 IMO I hope we blow out those mm's but i doubt it, they can still play of our fears and those daytraders will take some profit. I just want it to go past $1.oo to weed out the small time players and bring some big money
you got the realtime kristallweiaen whats the ppas now?
you guys need some coffee ....it's 15 min delay on yahoo.
I agree THJMW is just that honorable! she made a good justification on the 2004 discovery. It was very fair. I have gained more and more trust for THJMW today. She could have easily just ruled in favor for WMI for 2004 or against for that matter. She seems to be very meticulous and doesn't make harsh decisions without burden of proof.
A very welcoming stay IMO.
In regards to PPS, don't see it moving beyond 30% if that. MM's are still pretty influential on wamuq. I do imagine P's and k's might make a good move.
this is my last post. GLTA
GO EC/Quinn/THJMW/
one more victory for the books.......
let's see what the bashers will say next LOL