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Mark my words, the only way to raise share price is RS. After RS, PPS will keep going down, down and down as ERHE sells more toxic debts.
You will see who is right.
We need more rumors, any old or new. We need artists to draw more pies, maybe something else more attractive and tasty.
Or please be more realistic, just buy millions of shares for yourself.
What is the difference between book value and market value?
A commercial building purchased 50 years ago, what is the book value of this estate? And what is its market value? Are they same?
I really don't think they will be the same amount.
So, the book said this building is only 1/3 or 1/5 of its market value, will it be fair to sell and why WMI has to sell it at book instead of market value?
Definitely something to do with WMILT, cause WMIH will get 2.5% of the money WMILT will receive.
And I do believe that is the service cost for issuing commons and preferred shares.
RS can make management and debt holders dreams come true again. As PPS stays high, management can sell more toxic debts, debt holders can sell more shares and let price down and down, share volume will flow up to 3 Billion again.
Everyone can see ERHE has stuck around at 0.001.
Be careful to all investors:
Selling as much as converted shares is the only purpose for toxic debt holder. ERHE provided them with guaranteed profits.
Buying cheaper and dilution insurance, are the poison pills to cheat public investors and let toxic debt holders sell their converted shares.
Management mingled with crook Stanford, loan sharks, and maybe certain entities who shorted ERHE shares regularly.
This is the game ERHE was playing.
Where are those prophets who suggested others to buy cheaper and get dilution insurance?
Don't you guys need to buy any because you have converted too many cheaper shares?
Selling as much as converted shares is the only purpose for toxic debt holder. ERHE provided them with guaranteed profits.
Buying cheaper and dilution insurance, are the poison pills to cheat public investors and let toxic debt holders sell their converted shares.
Management mingled with crook Stanford, loan sharks, and maybe certain entities who shorted ERHE shares regularly.
This is the game ERHE was playing.
They are either toxic loan holders or those who were shorting ERHE stocks.
I go with no three.
Go search " Madoff JPmorgan lawsuit "
Tell us why SEC did not shut down JPM?
Management is going to sell more toxic debts in order to cover their salaries. Nothing else.
I see no cost cut, no announcement in cutting their salary in half.
Investors have to be very careful to those who suggested buying more for delusion insurance.
Insurance for what?
Cause no investors won't put money to buy ERHE shares. Once RV the stock, Loan sharks have more room to dump.
I do believe they will repeat the same game by selling toxic debts. This is only way loan sharks will put money into ERHE with 40% profits guaranteed.
I don't believe there is any merge or acquisition, otherwise they will announce now and vote in shareholder meeting.
The only purpose is management need cash for their salaries.
How about those commercial properties which WAMU has owned for more than 20 or 30 years? What is the current market values compare to taxed value?
How many such duplicated claims? Only purpose is to add up more debts for kicking out equity. Any sanction for this kind claim filing?
We don't need voice we want to see actions which echo PN's buying. Where are his supporters????
Be careful, those loan sharks are encouraging some investors to buy more in order for sharks dumping their shares.
At this moment, who can make money? only those loan sharks who let you see the great job PN has done and 4-10 dollars pie in the air.
Please provide us his performance comparison as well. You do believe that ERHE needs more toxic debts to support his performance, than you should support him by buying more millions of shares first.
If you think so, than they really did disgusting and lousy job.
In this case, you should be all in, sell your house, sell your car. You will be multi-billionaire soon. Please buy more and lift the price up to 0.002 if you can.
This is his speciality dealing with crook Stanford and loan sharks. He successfully runs the company down to 0.0003 a share. Now he is showing his mighty power to save the company by buying few millions shares at 0.0004-0.001.
Those who defined WAMU as "failed bank" from the beginning owes us a true statement.
even WAMU paid off all creditors and old equity received the new company which means WAMU was a solvent bank.
This inside trading process keep spreading from buying CT to common and preferred shares with Rotten Rosen's announcement in court something like that "equity will receive nothing." Imo
I bet that he is one of the toxic debt holders. Maybe his relatives also involved buying toxic debts.
1.130 Pro Rata Share means with respect to an Allowed Claim or Equity Interest (a) within the same Class, the proportion that an Allowed Claim or Equity Interest bears to the sum of all Allowed Claims and Disputed Claims or Allowed Equity Interests and Disputed Equity Interests within such Class, or (b) among all Classes, the proportion that a Class of Allowed Claims bears to the sum of all Allowed Claims and Disputed Claims; provided, however, that Administrative Expense Claims, Priority Tax Claims, Priority Non-Tax Claims, Secured Claims, Convenience Claims, Convenience Guarantee Claims and Section 510(b) Claims shall not be considered for purposes of “Pro Rata Share” among all Classes; provided, further, however, that only the following Claims shall be considered in the determination of “Pro Rata Share” among all Classes with respect to the following Distributions:
(i) Available Cash in the case of LBHI: Senior Unsecured Claims, Senior Affiliate Claims, Senior Affiliate Guarantee Claims, Senior Third-Party Guarantee Claims, General Unsecured Claims, Affiliate Claims, Third-Party Guarantee Claims and Subordinated Claims.
(ii) Available Cash in the case of a Subsidiary Debtor: General Unsecured Claims and Affiliate Claims.
(iii) LBSF Settlement Amount: General Unsecured Claims against LBSF other than Claims of any of the Racers Trusts.
(iv) LBSF Additional Settlement Amount: (1) General Unsecured Claims against LBSF other than Claims of any of the Racers Trusts, and (2) Affiliate Claims against LBSF other than Claims of any of the Participating Debtors.
(v) LCPI Settlement Amount: General Unsecured Claims against LCPI other than Claims of any Designated Entity.
(vi) Plan Adjustment: Senior Unsecured Claims against LBHI and General Unsecured Claims against LBHI.
13
(vii) Subordinated Class 10A Distribution: Senior Unsecured Claims and Senior Affiliate Claims.
(viii) Subordinated Class 10B Distribution: Senior Unsecured Claims, Senior Affiliate Claims, Senior Affiliate Guarantee Claims and Senior Third-Party Guarantee Claims.
(ix) Subordinated Class 10C Distribution: Senior Unsecured Claims, Senior Affiliate Claims, Senior Affiliate Guarantee Claims, Senior Third-Party Guarantee Claims, Subordinated Class 10A Claims and Subordinated Class 10B Claims.
I know JDICK's gang shorted WAMU stock, and did all set up to knock down WAMU price. TPG was holding huge amount of WAMU shares at that time. You mean TPG wanted to kill itself? How does it work to make money?
So, TPG has no holding in escrow?
Where are their 4B preferred shares sitting now?
We are the retail escrow holders, just own few %. Those hedge fund holders who are the member of JPM gang own huge amount of shares, certainly TPG is a big holder as well. IMO
Initially, Citi tried to pay 2$ /share to take over Wachovia, it's almost 20% of the book. Then WF offered 7$/share robbed the tender and juicy steak from Citi's mouth. No one cares shareholders' interests.
Yes, this is only chance to let FDIC get out of Trap set up by JPM. Luckily they can correct P&AA without damaging their reputation further. IMHO
Really, do you have some data for such buying within 2 months? Tia
Only equity committee will and can dig out hidden assets, only equity committee is not controlled by those creditors
CT, Wahuq
Does it include 13% interest or it's just principal only?. Equity got whim shares years ago why we have to wait long enough without paying interests like those creditors above us. We have to cover their unpaid Interest???? Tia
EC did not challenge, creditors paid in full, no one told her there was hidden assets somewhere. It's done deal, even she was cheated.
We will see JPM has more surprises and exciting things ahead for its 1.88B purchase of WAMU. FDIC couldn't find, our attorneys and BOD can do nothing for our valuable assets which robbed by someone who is counting and so exciting for such deal. As the owner of the assets can say and do nothing.
Indeed.