Is it Monday yet? I would like to know what the judge says on the objections and motions.

I am thinking the Hedgies will dig deeper if the depos are cancelled. I don't see the depos being cancelled though.

The FDIC is running a deficit. If they are to pay us, I am not sure where the money will come from. The players here that can help us the most are the Hedges and JPM. Which do you think will help the most given what we see happening?

Ok thanks.

Was it POR6 or 6.5 wrapper?

I like the way El Juez interprets this. I especially like point number 4 where JPM would poy up some money.

The way I read all points I see a lot of positives versus negatives.

The depos will go through, we will end up in court at some point with SG arguing that the SNHs aren't complying and July 5th will be pushed. All in all this will be to our advantage.

AIMHO

From what I understand they are somewhere in between. They are both debtors and creditors. So they are in from of equity but after the other creditors.

Can someone else ellaborate?

Point I was trying to make. I am questioning the whole deal.

I think it was a way to get TPS involved as part of the new company? Maybe?

In these negotiations why was TPS left out? They made it clear in their last court appearance. POR v6.5 took care of them. Apparently v7 made them equal to common? Simple Negotiation tactic?

The EC did this on purpose to see what TPS was willing to accept and allow commons to still be paid.

July 5th is looking like a pipe dream for confirmation. Or can BR continue with the Confirmation? We are at less than 3 weeks from that date now.

I do however like the way things are leaked. It doesn't appear to be the EC. I think SG and team are doing a great job in this case. After the last hearing and TPS got up and said what they said, we knew this couldn't be smooth sailing.

At least now there are serious negotiations happening. There has to be where this wasn't happening before.

That's what I was trying to say

I believe it was per the last court along with the ability to start the depos again.

Could be wrong though. If I am please be gentle.

Let's not all forget that according to BR POR 6.5 was approved by the vote. So if no agreement he will need to report to the court which way we are going. So that may be the press release on Friday.

Unless there are some SERIOUS screws being tightened on someone.

Definitely by Friday if no news.

I don't consider it a push but more of a means to work towards an end. Now if the push July 5th, then I think the Judge might have an issue.

BR did state that POR 6 was 'approved', in my opinion by default based on the vote. I still think we will see a v.7. I just don't think we will see it Friday.

My guess is Friday will come and we will not have a confirmation of POR 7 or a denial. If anything comes out it will be 'we are still working and it is complicated'.

I don't disagree with you.

In one example in the article the loss company creates a holding company which merges with a parent co. Look at the conclusion item 15.

Somewhat explains what you have stated. So many iterations could happen in order to see the true value of the reorg'd company.

So we will be here a while it seems.

Based on the example in this article it will take a large company to merge with to use the NOLs. Even though the article says they can be used over a 20 year period.

Does anyone think that the re-org of WMMRC can effectively exploit the NOLs?

I am in the camp that a merger will happen as well.

http://webster.utahbar.org/barjournal/2007/04/net_operating_losses_preservin.html

SF

What is your timeframe for this merger? From your earlier posts I think you elluded to 6/14/2011?

Ok Susman and Thoma split the moniker

Well whatever SG did to get shareholders at the table and the EC with a majority stake at in the Reorg company tells me he doesn't need the objection.

Who thinks we hear the details tomorrow or a leak during the hearing on Monday with a few details until Confirmation?

Scottrade showing Bid/Ask .194/.195.

.20 open looks possible.

Check out 4/27/11 -- Preparing summay of status of our claims against JPMC and FIDC and corresponding with committee

welcome back.

.18

Just think, 2 weeks ago we were at .04. If we close at .17 we will be up that much today. AWESOME.

Do you suppose there is also a deal to not go after clawbacks in order to make this deal go through?

Equity gets the valuation it deserves and BR gets to go home with the money billed. Hedgies don't go to jail. All is tied up in a nice neat package.

I don't believe pps will sky rocket until the specifics of the deal are made public. The upward trend right now is based on the fact that a deal is being discussed. So to project .20 by the end of the week and so on is only speculation. IMHO.


EDIT: But I sure hope .20 and higher happens soon.

This will be a VERY long weekend and week. Based on the remarks in court we are less than 7 days away from knowing.

I hope it is soon, my addiction to this board is killing me .

I think the latest hearing was a way for Rosen to save face. I think this was worked out in advance with the equity committee. With the information on estimated value of 160mil. Anyone that has followed this knows that is a low ball. Also to say 'we have been working with th EC for a year' for a settlement. After being here for this long we know he is full of SH.... He has been given the chance to save his reputation, if there is anything left, with his rhetoric.

6-9 days and counting. We will know then.

We have control now. We should be celebrating. Rosen screwed this by saying the POR was approved by all classes but one so we(equity) better play nice.

Action speak louder than words to me. We have the new board, we have a settlement, we hqve a time frame for resolution(7-10days) .

We just don't have a number for the end.

I thought so butI read 5 bil. in the Peg Brikley story

One way communications. From her.to us

Understand. Thanks, I have been lurking for a while now with a few posts. Reading and learing. Just not too familiar with a halt. Pretty familiar with a delisting though.

UZ would a hearing like tomorrow's give the court an opportunity to halt the trading of Qs, Ps etc?

Overall European market sentiment may have something to do with it.

I think the somebody would be JPM. Or at least that is what most are hoping for. The announcement of a 25 mil litigation fund makes that even more of a possiblility for equity to go after the FDIC and JPM.

There is also speculation that SG/EC has been looking for a buyer of the re-org company/NOLs. This could potentially add tremendous value to the shares.

So long term for the re-org, $24 could be a possiblity if the company stays together. But most are hopping JPM will pay for what they stole/were given.

I don't like to wish my life away but I sure do wish Monday would hurry up. Never thought I would say that.

The next few press releases and filings should be very interesting.

It sucks being right doesn't it?