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PennysFROMHeaven
Hopefully in Seventh Heaven,don't you know!!!
JPMC buyout at 10.00/share
Take Care
David
OK EASTERNERS LETS GET THAT TRANSCRIPT!!!
Seriously I love this stock. I can keep accumulating every few days as I invest more funds and treat it like a Big Board stock. It just keeps hanging around!!
Take Care
David
JimsZ
What we need is a major lawsuit against the FDIC. How that could be accomplished I haven't a clue. But I know they can be sued and have been sued in the past with the plaintiff winning.
Take Care
David
griff100
The major events have not yet taken place, imho. Thanks for the post!
take Care
David
gdudya
Agreed. Basically all heresay by the Noteholders.
Take Care
david
rheddle
Seems like a good outcome for WAMUQ!!??
Take care
David
rheddle
What happened to your recent post?
take Care
David
chaylea
Thank you for the post.
Take Care
David
TraderDon
I know. I want the rest of the world to know!!
Take care
David
traderdon
Me thinks that there are a lot more in assets than are being discussed here.
take Care
David
mordicai
Good post!! As Usual cutting right to the Chase!!lol
Take Care
david
juan676
Where in the heck did you find this!!??
Somebody do a FOIA asap!!!!!!!
Do it now!!!
Lets find out what they did.
Take Care
david
badandy978
Eventually makes for civil unrest and collapse of the country over time. We are already in the downward spiral, has been for many many years now.
Take care
david
W3Research
Thatib a good point!
Take Care
David
roiresearch
Yes. Can anyone out there confirm that ?
take care
david
doberman
Do you think the common shares will be worth anything if WAMUQ comes out of BK? Is this just a play while they are in BK court?
Take care
david
OK Why is she taking off this am!!!???
Take Care
david
rheddle
The FDIC coming in at the 13th hour is just so much more absurd behavior by a government entity. Just trying to be a bully. Luckily, WAMUQ is under the protection of the Court. Not that the Court can't be circumvented but FDIC will have to behave!!I think!!lol
take care
David
daniel101
My gut feeling is that when and if they come out of BK, the common is worthless, but in the interim with other forces at work it could works it way up into the dollar range. What say you?
Take Care
david
tb1209
that is correct.
Take Care
David
tallstahl
Well something not normal.
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David
tb1209
Not true.
Take care
David
rayman3399
Not true.
Take care
David
marayatano
Standard procedure for the holding company.
Take care
david
hestheman
Easy for the BK Court to petition JPMC for the records.
Take Care
David
zardiw
Disgruntled WAMU shareholders???!!!
Take Care
David
LUV
Are you sure about that,very important ??
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david
OK So what does that gain them!??
Take care
david
If they come out of BK what is the status of the common shares? Anyone??
Take Care
David
kc
Thanks for the info on Chap 11. It appears fairly unlikely that the common holds any long term value for this company. Anyone out there want to refute that statement?
Take Care
David
kc
You don't know that.
Take Care
david
hahawin
I expect the FDIC will get their comeuppance on this one.They are not in the legal system per se, but they are trying to bully the BK Court in this case. Should get interesting as to the outcome.
Take Care
david
danarf1
Good! We need more of that!!
take Care
david
gotx
They have to have the BK Court subponnae the documents from JPMC. FDIC made WAMU turn them over to JPMC.
Take Care
David
Mordicai
Couldn't have said it better myself!!!
You hit on all the salent points.What a bunch of crap that Motion was. Basically told the Court to bend over and grab their ankles!! Courts don't appreciate that from those yahoos.
Take Care
David
rheddle
Since we are in Chap 11 with a BK trustee, I think the judge will still opt in favor of WAMUQ as far as the 4.4B. I personally am looking forward to the end of the month for the big buyers of stock to be known.
BTW-If I was the creditors I would tread softly as far as getting my money. This could be delayed for a year or more and they would see no money!!
Take Care
David
zardiw
My take on this is that the judge looks at the motion, says up yours to FDIC and give her consent to the order!! Probably doe not appreciate them getting involved at this stage for something clearly not relantvent to the BK11 proceedings.
Take care
david
jermart
If the Q comes off, this stock will be in the dollars per share and it will be Christmas time for all current shareholders!!
take Care
David
JimsZ
I have a feeling we will find out shortly. I presume the subs own the majories of the assets, i.e., demonstrating the purpose WAMU Holdings was formed in the first place many years ago. The high priced talent has been brought in to provide an assessment of the current worth of all the assets and debts, standard accounting procedure.
Take Care
David
rheddle
Does MSCO or whoever have to declare a some point if they own grater than 5% of a companies stock ?
Take Care
David