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The S & P fund sell off is what is allowing us these great prices. It will bounce hard at some point IMO.
I'm guessing margin call yesterday. I've seen brokers sell any stock you own at market price to free up funds if the call is due end of day. It sure looked like that to me. Reminds me of the ole dotcom days when you got caught long or short and they just sold anything and everything you had at ANY price they could get.
Oh well......moving up now!!! : ) My .132 average buy looking good!!!
Won't stay at .13 long!!! This is definitely oversold and with positive cash flow little chance of BK IMO. I have .13s (from few days ago) and some new .14s from today. Will sit and wait for .50. : )
Just go look at a chart or the amount in your portfolio!!! That what works for me!!! DOWN 98%!!!!!!!!!!! And you sit here pie in the sky? The facts are we got screwed and the chart and our balances prove it!!! Wishing for Tom to do the right thing or wishing some secret plan is underway, will not make it happen. Personally I've been making good coin on other stocks and may need to sell this for the tax losses. Then take my profits and go hunt down Mr. Tom!! : ) Ahhhhhhh.....it will feel so nice!!!! : )
Nobody is shorting this at 3 pennies!!!! If you think this is a fine investment with no risks, then fine, but don't try to sucker new bagholders into thinking anything good is going to come of WAMI. The deal is done and liabilities will be larger than assets and since their is NO business and NO new revenue, well......you get the picture. Yeah maybe the tax credits are worth something but not likely WAMI will EVER get permission to start a new bank. The best is a bounce off of folks here trying to attract new suckers. Buy now and in a couple of weeks you'll have 50% of what you have today, better chance of that happening than anybody getting rich. Just keeping it real!! : )
How about selling because Liabilities are GREATER than Assets? Yep, do the math as seen on the link provided by moderator Zardiw here:
http://www.squidoo.com/wamuq
Here is 1st paragraph from that Zardiw link:
"According to the latest financial data submitted to the court on 12-2-08, Washington Mutual Inc (WMI - the holding company), has assets of $7.7 Billion, and liabilities of $8.3 Billion. While this gives WMI a negative net worth of $567 Million,"
Is that all we have now is "hope"? Gawd, we're screwed!!! If LYING TOM set this up the way he did from the beginning, why would he help us and restructure shares? If he was going to help the commons, wouldn't he have appled a Reverse on his preferred shares? Seems like the fair thing to do since he has built the entire company from our money?
Why is CORS looking better? Somebody take all the bad loans off their hands? Seems several pumping this bank but I've yet to figure out why? Could someone enlighten me as to whether this is a good play or a pump and dump?
Up or down? Because it looks like they're up to their eyeballs in subprime mortgages.
The PUMP over? Looks like DUMP going on now!!!
Uh....in a balance sheet aren't assets suppose to equal liabilities? I'm just trying to figure out if there is a REAL reason to buy WAMUQ or if there are just some pumpers hoping to get some suckers to buy their worthless shares.
Buy WAMUQ because of conspriracy theory of Feds and FDIC in cahoots? I hope there is something better than that to go on or has complete desperation set in for most WAMU shareholders?
It's a fancy name for DILUTION!!! Another misleading LYING TOM PR!!! He is consistent though!! LOL
ROFLMA.....IT IS MOUSE NUTS!!!!
If there was ANY serious interest the price would go up!!! That is what supply and demand does to shares. Let me explain Investing 101 to you. When supply (aka DILUTION) is greater than demand the pps goes sideways or down. If you check over the last several months the pps has gone DOWN DOWN DOWN DOWN DOWN DOWN.
This is nothing but an average down sucker trap!!! LYING TOM used to be a broker and he is a PRO at SCAMMING investors!!!
Where are the shares going!!?? DO THE MATH PEOPLE (aka Bradakus)
What is with all of this "who is buying all of these shares" discussion? ALL? Yesterday less than $5,000 worth of shares were bought. THAT IS MOUSE NUTS!!!! Yes it looks like alot of volume but that is because LYING TOM has driven this POS as low as it can go. I think someone said it correctly when they said it was folks falling for the average down pump. If there was ANY news on the horizon, insiders would be buying more per day and pushing the price up. But no most of the buying is at the bid which means those selling have more shares than those wanting to buy: AKA LYING TOM DILUTING!!!
No, the real question is HOW LONG TILL SEAWEED GOES BROKE!!!???
Yeah but NO NO NO NO NO NO volume!!! Only $7,000 worth traded so far. Kind of a whatever stock huh?
Uhhhhh....you're going to be waiting awhile dude!!! No good news coming!!! And I'm not going to be suckered in to buying any at these levels. But A+ for effort!!! : )
Yep, more MISLEADING PRs!!! And look at all the buying!!! Oh wait.....little to no buying? But what about all that buying yesterday!!?? Oh wait.....you mean 50 million shares is now only worth $5,000 of buying!!??? Is that HUGE!!??
NEVER MIND!!! WE ARE ALL SCREWED!!!!!
Banks don't hold CDs as payment for LOCs!!! They tell LYING TOM to come up with the money or they'll start collecting collateral. Believe me, WF will NOT lose money or hold on to worthless CDs!!! LOL LOL
Do you not have spell check?? LOL LOL
You just admitted you are now buying even though you expect a Reverse? Are you a serious investor or just playing with us?
For the record, I WAS TELLING FOLKS NOT TO BUY BEFORE LAST REVERSE and I"M SAYING THE SAME NOW!!! Let's wait and see who is right, huh? But so far over the last several months, I have been correct about LYING TOM, about MASSIVE DILUTION, about OVERPAID companies, about TOM not owning any commons, about TOM LYING about agri lawsuit, about TOM LYING about attorneys NOT knowing about fine print and SWVC shell and on and on and on.
Oh your post had no point other than a feeble attempt to con more suckers into this POS!!!
TJG, we heard the same ole story from posters that were buying before the last REVERSE. First, very very very very few have bought all of their shares at the curent level. But go ask someone what their portfolio is worth when they thought the bottom was .0002 before the last REVERSE?
Now ask yourself, do you really think there will not be a REVERSE spilt??? LOL Comparing GM, with a huge amont of political support to bail it out, to Seaweed is like comparing a cadillac to a tricycle that is missing 2 wheels!!!! And Tom is Seaweed. He owns 80% of the company. He can't be thrown out!!!
Yeah, same here!!! As if deleting messages made the pps go up. Some are afraid to hear the truth that many of us have been saying for months. Some think LYING TOM will save commons even though everything and I mean everything he has done from the beginning has SCREWED US!!! Why would the man care or cahnge now?????
Yep, the ONLY thing we can substantiate is that we have been SCREWED!!! Unless one has bought all of their shares in the last month, they're down 90%+++++!!! It is disgraceful and another substantiated fact: TOM owns NO commons!!!! Why is that do you think?
Another fact: After Reverse, trading held up 15 days while TOM dumped millions and millions of new shares. Is it safe to say this is a DILUTION MACHINE? As long as we're fact checking just wondering..... : )
I have never known a bank to release confidential information regarding a client. It's a firing offense. Now that doesn't mean it didn't happen, it just means anybody can say anything here without any proof. The only thing we ALL KNOW is that this POS is down down down down down down and we've had MASSIVE DILUTION DILUTION DILUTION after being promised months ago it was nearly over.
So this fact we know:
WE HAVE ALL BEEN SCREWED!!!!
Oh this to:
LYINNG TOM has prefered shares and has NOT converted them into COMMONS yet. When he does, he will own 80% of Seaweed!!! If things were so great as LYING TOM sugessts, why does he, family and friends NOT own commons (other than ones they are using for salary)?
IF LYING TOM received a settlement he will keep it for HIMSELF. The lawsuit NEVER involved SWYV but LYING TOM MISLED us in PRs that we would benefit. HE KEPT ANY SETTLEMENT!!!
How will LYING TOM pay for the CDs in PR today?
Uh.....hello....more dilution because the last Q shows there is NO POSITIVE CASH FLOW!!! So pay for it with $$$$ from more DILUTION!!! LYING TOM has NOT converted his preferred shares yet so that means he still intends to SCREW US!!!
And after that the preferred shares of LYING TOM and family!!! In other words, all that is necessary to save commons will NOT happen in our lifetime!!! Sorry TOM, you got greedy and tried to srew investors and now we're gonna screw you!!!!!!!!!!
LYING TOM IS COVERING HIS *SS!!!!
It is clear what LYING TOM is up to. He is trying to setup the scenario of a defense that he tried to save SEAWEED!!! He will start trying to sell off the peices. Take the cash or stocks, convert the preferred shares and take his 80% for his friends and family. If he does that, there will be a long line wanting to sue and or kick his *ss!!!! He will use these fluff PRs as proof he tried to save SEAWEED!!! HE IS SCUM AND WE NEED TO EMAIL HIM< HIS SIS and sis's political opponents!!!!
Bottom of the Barrel!!! Next stop BK?????
I have been saying for months that this POS will only go up if NEWS is better than DILUTION. SInce then we've had MASSIVE DILUTION and 1 REVERSE and nothing but creampuff news!!! LYING TOM didn't even wait a day to start DILUTION after last news. It's time to put LYING TOM into an orange jumpsuit!!!!
If it LOOKS like POO and SMELLS like POO, IT IS POO!!!!
Sorry folks but we ALL stepped in a big pile of it thanks to LYing TOM!!! The man has NO shame and started more MASSIVE DILUTION the day after he tries to con us into believing he is going to fix it!!
NO MORE SUCKERS TOM!!!! Time to get fitted for your orange jumpsuit!!!!
Here comes LYING TOM!! Hook, line and sinker. He's ready to reel in some new suckers!!! Just in case some have forgotten, LYING TOM has done nothing but promise this and promise that. He talks and talks and BS and BS and has yet to do one thing to help commons.
Why not a PR saying I have restructured the preferred shares? WHY!!?? Oh wait, that would mean he had actually done it instead of conning us into thinking he will do it!!! WAKE UP PEOPLE, THE MAN IS A CON ARTIST!!!!
Remember:
TOM HAS BEEN LYING SINCE DAY ONE!!!!!
TOM BIG LIE #1 – The lawyers missed the fine print when we purchased the SWVC shell.
BULL!!!!!! Has anyone ever worked with a business or corporate law firm? It is their job to read the fine print. If they missed it, WHY isn’t Tom reporting them to the New York Bar Review Board? If they missed the fine print, why isn’t TOM suing them for the $$$$ it has cost the company and shareholder??? It is time to report the law firm to the New York Bar. Here is link:
http://www.nysba.org/AM/Template.cfm?Section=Ethics_Opinions&Template=/TaggedPage/TaggedPageDisplay.cfm&TPLID=7&ContentID=1421
Once the lawyers realize their reputation is on the line, watch how quickly LYING TOM retracts the “lawyers missed the fine print” BULL!!!!!!!!!!! Tom knew and he just decided to reward friends with OUR money!!!
TOM BIG LIE #2 – DILUTION will end shortly!!
BULL!!!! When LYING TOM made that statement the outstanding shares was around a billion. He then went on to more than double the outstanding shares and max out the A/S!!! Now he has announced an increase of A/S that will (at current ratio) increase the outstanding shares 25X!!!!! That’s 25 folks!!!!!! The pps will not go up until the NEWS IS BETTER THAN THE DILUTION!!!
TOM BIG LIE #3 – I would only have a reverse split to get on better exchange.
BIG BULL!!!! A 5 for 1 reverse split means at todays prices, on the 25th we trade at .0025. We are NOT a penny stock!!! We are a SUB-penny stock!!!! Last I checked the NYSE, AMEX and NASDAQ don’t take sub-penny companies on!!!
We have been down down down (for months) even as the trading flip groups and paid pumpers tell us Tom has a secret plan he has yet to tell us about!! LOL LOL LOL The secret plan is this:
BUILD A COMPANY WITH NONE OF MY MONEY AND KEEP 80% AND SCREW THE SUCKERS THAT BELIEVE I TELL THE TRUTH AND HAVE A SECRET PLAN!!! LOL LOL Wake up folks!! The reverse split and massive DILUTION will mean down down down. Get some LUBE becasue we’re going to get it up our you know whats!!!!
Time to hit Tom where it hurts. Contact New York Bar. Go to this link and tell sister we’ll start writing letters to editor and her opponents to ask if she is part of the scam. Time to screw LYING TOM!!!!!
http://assembly.state.ny.us/mem/?ad=122&sh=con
Huh? He is wasting money traveling to CHina to meet with manufacturers, all of which have representatives here in the States. It is a junkett and anybody that has ever been in business knows this and it is just another attempt at PUMPING a soon to be totally and completely worthless stock!!!
Message to LYING TOM: I'd stay in China if I was you. : )
Anythng can NOT happen!!! What WILL happen is we will get more DILUTION and another REVERSE. LYING TOM was not counting on massive recession and I expect him to take out as much cash for himself and family and then announce BK. If so, he needs to spend money on plastic surgery to change his looks as he WILL BE A HUNTED MAN!!
That is what will happen and it is NOT anything!! LOL
Uh....and gold nuggets coming out TOM's arse? Sounds simple, LYING TOM just gets some cash. LOL LOL LOL And where would he do that? Oh wait, he sells new shares to suckers thinking he is going to make them a penny millionaire.
See how that works? It's a circle and we're all getting screwed!!! If LYING TOM cared or wanted to help/save commons, he could have done it a long long long time ago. He will DILUTE this to death and then have more REVERSES. Those that buy at the end of the dilution and after he reverses and converts his shares, MIGHT make some money. The problem is, if you don't time it right, you LOSE EVERYTHNG!!!
Looks like Dede silenced FREE SPEECH. Maybe time to send all of the comments to big paper???? TV news is a joke anyway. Hey does that channel hve a consumer protection reporter? They usually get to operate outside of normal reporting channels. Wouldn't it be great to see tv reporter chasing that fat pig Dede down the street demanding answers on the Seaweed scam!!!!! : )
Yes, LYING TOM's plan: REWARD friends and family by buying overpriced companies from yourself and SCREW the commons to provide the free funds.
So far, A+ in executive of "the plan."
The number of shares is HUGE, the dollar amount is small. But yeah eventually LYING TOM will run out of suckers!!! No telling where his paid PUMPERS are now. But they could be pumping to a list TOM used as broker, etc etc. There is always a sucker that thinks he will be a penny millionaire. Just look at the bunch of us!!! LOL LOL
Well we own mostly retail businesses in a not so good part of the country. Plus, WHY would TOM buy anything to help us? He will DILUTE this to death and the reverse one last time before he converts his shares and own 80%. Plus he has money from buying businesses from his friends and family and price well above the appraisal, which by the way, is what the AG in NY will look at first in my opinion. LYING TOM could have gotten away with this 5 years ago but the mood of the country is differnet and folks want to take POS like TOM and hang him high!!!!!
Hook line and sinker!!! LYING TOM lives for investors that think that way!!! He has done nothing but SCREW us for over a year and yet some think he still has a plan to save us!! LOL Unbelievable!!!!!!!!!!!
Are you standing on your head? Because that's the ONLY way it will look like this POS is going up!!! LYING TOM is laughing all the way to the bank or more likely some secret island hideaway!!! But oh he will eventually be found and then the FUN begins!!! : )