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Yeah I realize that's the case, you would think WMI/Weil would have initailly intended on saving equity based on the evidence found in discovery. This proves my point that wamu is no saint either....
So maybe we should just start saying GO EC instead of wamu ...lol
although it states the 7 largest shareholders...btw the Trustee has claimed the debtors submitted a list of shareholders where can we find that?
ahhh ok my mistake still guy eye boogers ....lol thanks for the clarification
So WMI isn't on our side anymore? Maybe that's the whole reason this has been under the radar for so long.... what the hell why wouldn't WMI atorneys want a full recovery. They're just protecting bondholders and debtors i get it, but wow to file a motion to dissolve, so much greed.
Agreed> This stock was on it's way down until the EC news was posted. Go figure
my thoughts to settlement are.... If one is in the works why would have wmi team filed the latest discovery filings. I think that is quite a bargaining chip if you're negotiating a settlement. I don't think JPIG thought they would have been bluffing. I just don't thik settlement talks are still in the works. i beleive jpig wants to take this all the way. and so be it! then i'm with diamond 3X value plus!
and that was my point all along! glad someone understands.
as far as commons...who knows....thats why we're here. You never know.
I have my doubts about diamonds number but I unerstand his math, and anything is a possibility.
my expectations are $1.00 and i'm out.
Agreed. However when a settlement is in play it's just that a settlement. There is no price point or value set. Does it claim p's and k's will be paid full value if A>L. when I read something along those lines then I can beleive those that make that claim.
It doesn't claim P's cannot be converted. that's my point!
Anything is possible.
GLTA
Wamu
that's your dd?
I perosnally don't agree> I dont think P'S, K'S and H's or commons for that matter will get full value. My expecations are a global settlement that includes all classes at a fraction of face value. That's why it's a settlement! Bondholders and creditors are pushing hard at this, although the flipside is that they accumulate intrest the longer this draws out.
If a settlement is not reached before SJ, there won;t be one. Wamu team will take this all the way and expose JPM/FDIC every step of the way. 3 times damage at that point...not in a settlement deal. A settlement is just that makes everything go away quitely and satisfies all parties invloved.
I dont want responses claiming commons won't get paid unless P's get full value. The propectus claims p's will be treated as perffered equity that they are and similar treatment to K's. there is no full value guarantee as some claim. No protection.
Anyone that claims that please send me a link, I have yet to confirm that P's cannot be converted to commons other than jiberish. (yes, my claim is not based on backed information either) so as I see it, it still stands. Anything can happen. I don't put all my eggs in one basket. But thats just me.
GLTA. (ps no agenda your freaks, just the facts)
here here..... all as one!
GLTA
i guess when this trades as it does the jw's can entertain us .... but he was pretty good at what he did. Kinda like the JPM lawyers, they submit a bunch of paperwork, but in the end it's all smoke and mirrors.....
that might be too late IMO. An Ec can be announced at anytime, but you're right this might tradr sideways all the way to the 28th... I wouldn't want to be out.
Even JP/FDIC attorney's are having a hard time with it... imagine the uninformed investor that we are to this whole mess. Becuase no matter how much dd was done individually or collectively by al lthe pro wamu sites, i don't think we know the half of whats really going on.
JMO
this volume is pathetic....I'm going to work. Today and probably thiis entire month i will make more money there. LOL
GLTA ....I'll check in for news every now and again
many things are predicted....take it with a grain of salt. some poster that claimed to be a "racer" also predicted a settlement over a weekend a few months back....have you see one yet?
although to be fair his information came form a janitor....LOL
i get the fact that you're flipping. I did early on and it's a great way to accumulate shares. My question is do you need to post your every move? I maybe off base here, but is anyone on the board intrested in what you do?
If so, my apologies and I will simply ignore your posts.
Otherwise I don't see how ranting about accumulation and demeaning those that have sold for whatever reson by thanking them for their shares. (btw I have been holding for 8 months of the 14 I've been in this stock, ridding free shares and then some, and I'm not selling until big news comes out make or break)
That being said. There are so many good posts, informative posts that make this stock and my dd easy, I just don't see the need for your activity posts....but thats just me.
GLTA
are any of the little claims JPM has presented valid? Not from what I have read!
although the pps doesn't reflect it to the untrained eye.... wamu has weighed the scale far in it's favor.
My only real concern is THJMW.... so much speculation about the 4B sj, settlement talks, stalling, EC being formed...none of us really know what the ultimate decision will be. If JPM/FDIC get away with any of this... we have much bigger problems on or hands in this country.
The evidence that has been filed thus far fares very well in wamu's favor. I'm surprised more intrest in this stock hasn't come to play yet.
GLTA
what a suprise wamu down after 2 days. This stock is so predictable...yet I seem to just hold on to my shares everytime. daytraders, and mm's are rolling in it for sure.
its the end of the story i'm waiting for anyway.
GLTA
Nice read, but I beleive that had already been posted.
JEST: i dont have pm's thanks for your input.
YES, i think it's possible. Do you think commons can be cancelled? I DO. anything is possible. P's are moving great and I'm happy for you, I really am. Not bashing. people need to consider every scenario.
again the BK includd that default clause, but should we be in BK at all?
Look, beleive what you want. It may hurt to read.
"The p's are worth 1K plus divends" is that what you would rather read? there you go....
I on the otherhand consider all possibilities.
i can admit I understood very little a year ago and this stock has made me somewhat of a research nerd. My statement isn't an agenda. People on this board sware commons won't be cancelled and have many scenarios to back that logic up. It doesnt make it a sure buy (speaking of commons now)
All i'm saying is, although unlikely it makes financial sense to wamu to convert and exit paying less, but it also makes sense to cancel commons. So you see no agenda, just realistic possible scenarios.
I dont bash or pump to make penny profits. Those that sold p's at $30.00 levels are regreting it, but really, as long as we can make money trading, and learn more about pinks in the process. More power to us.
I don't wish the conversion on the p's. Nor cancellation on the u's.
I just am aware that when it comes to saving money, all of us would consider all the options and conversion is one.
that's it. i'm done. Wamuers do what you will with this info, it's all it is simply information that can help you make an educated guess rather than a thin air gut feeling.
GLTA classes.
GO WAMU
what? trigger? The filing of BK does not protect the p's! Wamu filed bk to protect it's assets! Technically it should not be in BK. So if a settlement is reached a conversion could be included in that settlement.
IMO
Anything goes. Stop making false staements. I am simply throwing out a scenario, maybe unliklely but very much a possibility.
agreed> people get sensitive when the read something they wouldn't like to read. We have endured the commons being cancelled for 1.5 years and there still here. I simply wanted to point out that it may happen. Although being visited by aliens has happened already ...LOL
Take the information for what its worth. Knowledge is power, and I simply wanted to spread some around.
You just answered my statement "unless clearly stated in POR"
This implies a possibility.
Let's clear the air one last time> There's a possibilty P's can be converted to U's
that's it.
Not saying it will happen, not saying when, just saying there's a risk involved. People have been mislead about P's being secure (they are more likely to be paid, yes) but not a sure thing.
i didint claim R/s split coming soon. Lets clarify! I simply stated that prefferds can be converted to commons. Thats all. diidnt say when or even that they will, My satement was to imply there's a possibility as equal to commons being cancelled
again...why is this claim so impossible?
Isn't true commons could be cancelled.... (reasons we all know)
on the same token perferreds can be converted. they have no voting power.
I'm not saying its going to happen but its within the realm of posibility...not bashing the P's they have produced great profits, but they too run a risk.... so many people think they're a sure thing...if so they would be well above the $500 pps
IMO
It hasn't suddenly come up. It has always been a posibility, just as there's always a possibility that commons could be cancelled.
Preffered shareholders have no vote in stock while commons do. There's an EC formed this benefits commons as they now have a say.
So don;t be surprised if a R/S happens and converts to commons. Maybe not likely, but that's what I would do as a solvent BK comapny and avoid 1K per share plus dividends.
http://www.investopedia.com/articles/stocks/05/052705.asp
that makes sense...lets hope you're right.
it sucks how p's and k's are up 50% again and we cant break the 20% RUN. This stock is far to manipulated, flipped, profit taking and frankly too cheap so most daytraders are attracted to it. buy in make 20% and get out.
The mm's know this and the push back pretty hard. IMO we'll probably see the same trend as always....close at .159-.164 which is great, i'm not complaining just stating the obvious for those of us longs.
go wamu
not the point. So we're going to post anything Walwrath says and hope it applies to us? really? Thought pattern?
Come on, so we could assume via that (thought pattern) JPM and Wmi attorneys are in the hallway. My issue and or point to this is that you're misleading people.
...but I guess i'm not as "clever" as you.....
GLTA
go wamu
nothing to do with wamu other than THJMW ....different cases, extremly different. No need to speculate on this.
go wamu
judges starting to dislike JPM ...nice i hope that trend continues.
yes. Just set up alerts via yahoo or a realtime ticker that sends you alerts. Set up stop losses a few cents beofre your actual loss. this will give you time to manually log on and trade. If you dont have a cell phone thats capable of trading . Get one. this will insure you can move in time.
Someone had posted the 90 day decision retriction or enforcement THJMW court has on dockets. Isn't that 90 days up on Jan4th...anyone? as soon as possible ...my arse
dumping shares? their up .08 percent and as i write the drop is pennies and volume not even close to average....you looking at the right ticker?
decent volume for a holiday short week
what the hell was that? I got alerts from yahoo and thought shares were cancelled. If the sec doesn't get involved with that kind of crooked trading I don't know what else could get them to seriously stop these mm's