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All of those XXX’s look familiar! I think that is the number to Madame Lola’s Whoopie Parlour that I used to frequent! … rs
Sorry, try this
http://www.kccllc.net/documents/0812229/0812229100325000000000005.pdf
The period fouled up the link! LOL!
... rs
What is the number to dial-in tomorrow? FDA approval is imminent! LOL! … rs
Hello JHD! Check out http://www.kccllc.net/documents/0812229/0812229100325000000000005.pdf.
This will change Weil’s tune, not necessarily tomorrow, but enough for a nicer second offer in the coming weeks! … rs
UZ! I hope that you are correct. Although the Venable expense statements are VERY encouraging, I do not think that it will sweeten tomorrows POR! I have to believe that the POR has been penned well in advance and Rosen is simply biding his time to submit same!
But … This could be like the “Who Shot Jr” episode where three or four scripts (POR’s) are written up and Rosen will choose one of them last minute depending on which way the wind (EC) is blowing.
Once again, that Venable billing statement is pretty! … rs
Fish. I have a feeling that the POR Rosen submits will reflect his words of 03/12, hence, not good news for equity, hence, it will be filed in the morning!
If we get a surprise and he submits a POR that looks more favorable towards equity, he will submit it just after AH! LOL! Then – just maybe – weekend settlement?
IMHO … rs
NEW Doc: Venable Feb Expenses
http://www.kccllc.net/documents/0812229/0812229100325000000000005.pdf
... rs
PS: Sorry if this was posted earlier!
FYI: New Court Doc. Nothing major ...
http://www.kccllc.net/documents/0812229/0812229100325000000000004.pdf
... rs
A T T E N T I O N !
F Y I !
P U B L I C ____ S E R V I C E ____ A N N O U N C E M E N T !
A C H T U N G !
There is no court hearing tomorrow! 03/26/10 is simply the deadline for WMI to submit the POR! They have until 11:59pm to do so.
Thank you for your cooperation, and thank you for shopping at WAMUQ! :) ... rs
Just from looking at the 5 minute chart and the big volume therein, the action between 2:00 and 2:35ish indicates that someone in the know knows something!
The subsequent sell-off could be folks that got in late to the party and were cutting and running due to lack of interest or faith. Remember, we have/had many new faces here the last few weeks.
Of course, who in the hell knows – could have just been a flurry of well heeled day-traders that set this in motion! … rs
Hang in there Chucky! Not to beat a dead horse, but many here (especially the longs) were hoodwinked, albeit temporarily, by Rosen’s words on 03/12! During that hour or so of anxiety and confusion, well earned gains were tossed out the window as folks sold low and bought back high - ultimately loosing tens of thousands of shares or many more!
The MM’s are letting her run at the moment! Let’s enjoy while it lasts – LOL!
Go EC! Go Solomon! Go JMW! … rs
A Killer Whale! Scratch that - an MM (Market Maker)! ... rs
Agreed BIZ! That will be the scenario to a tee! … rs
As I posted earlier, WMI has no reason to submit a POR that includes numbers favorable towards equity! The POR will most likely mirror the numbers that Rosen was using on 03/12!
When they submit their lame proposal on or before 03/26, then and only then, will the EC get engaged and stomp their feet and everything!
That will be a good thing! … rs
UMAW. I think that the POR will be unsatisfactory towards equity and will reflect Rosen’s words of 03/12! I hope that I am wrong but I do not see WMI changing their stance until the EC obliges them to!
After the POR is filed, I would expect that the EC will make their objections known fairly quickly!
IMHO … rs
Climber. Rosen can file it anytime between now and 11:59pm Friday! Whenever it is filed, I would assume that it will be posted almost immediately on PACER and within hours on kccllc! … rs
UMAW! From what I understand, there is no hearing on 03/26! The date is just the timeline to submit the POR! … rs
No hearing to my knowledge.
WMI reorganization plan due: end of exclusive period (approved 2/9/10) (Del)
http://www.my.calendars.net/wmi/d01/03/2010?display=M&style=B&positioning=A
We will most likely find out the minutia of the POR thru court docs - hopefully released in a timely manner. Would not be surprised however if the POR is filed AH! If the pps movement on Friday is significant either way, a few insiders have spilled some beans … rs
My exact thoughts hurl! I wasn’t even 1/3 of the way thru the letter when I had to contemplate why this one letter (of probably thousands sent) was docketed! Hopefully it IS a message from JMW to all lawyers that they have the fate of real peoples lives at hand!
If a lawyer can ever be touched or moved to feel compassion, this letter is a great start! … rs
ZILLA. I strongly agree with the last few words of your post - you are NUTZ! LOL!
I still hold strong resolve in this play and will average down when and if applicable. I appreciate your buying spirit! You are a shoppaholic!
At least we all have affordable health-care now! LMFAO … rs
Jimmy. What you say is righteous and serves as a great scenario however, this PSI investigation is sounding like the WaMu execs will be sitting at a desk in a small dark room with hot blinding lights aimed at there faces as in the old BW movies! The only difference is that they will not be offered cigarettes!
I hope that I am wrong and that they (the execs) will be able to speak their minds (eventually) and bring up the corrupt and nefarious actions of a few parties that ultimately led to the seizure!
If the execs do get a forum to speak freely instead of a simple question and answer grilling by the committee members, this could get juicy! … rs
Oh yea! I have been back in for 5 days or so and if this drops a few more pennies, I will buy more! I got in on the cheap one year ago and averaged up a few times. Now I may be privileged enough to average down in this go around – LOL! … rs
JCK! I emailed her last week as well regarding the signed EC motion to intervene plus the grass roots effort of equity.org including links, etc.! I got the out-of-office reply and she has yet to get back with me! … rs
What at first looked like a positive (PSI) months ago has turned into a negative – what a surprise! LOL! Originally this looked to be an investigation to determine if the FDIC had wrongly seized WaMu! Now it is “Washington Mutual’s former chief executive and its former president will be forced to testify publicly for the first time”! What a crock!
IMO, the inquest will have everything to do with bad loans, lapse management, and nothing else! The media WILL report this story as it puts WaMu in a bad light! Fortunately the investigation has been postponed until 04/13 giving us three weeks to work closer towards a decent settlement offer! … rs
Michael. My hand is up as I was one of many that believed Kirsten was silenced by Brian “the finger” Rosen! LOL!
As I have said before, I lean towards a more pessimistic side so I am always glad to be proved wrong! LOL! … rs
Thanks erevno! Below is the link ...
http://seattle.bizjournals.com/seattle/stories/2010/03/22/daily15.html?ana=twt
... rs
Regarding: Is wamuq all hype? For the most part – ROFLMAO!!!!!!! Never seen a “hyped” stock before that people have invested so much money, time, and DD (due diligence) for the greater good!
Go to the iBox and do some reading tonight! The only “hype” here is what the newbies bring in! The longs know the true story and are awaiting the final verdict! … rs
No problem UZ! I had been out grocery shopping, came back, checked out “kcc” and my jaw dropped!
Have not read them yet of course – LOL! Lots to read AH that’s for certain! … rs
FYI: Many new docs folks ...
http://www.kccllc.net/Docket/SearchResults.asp
... rs
That is true td31! I have learned to curb my enthusiasm since last September! That said, Rosen’s lowball of 03/12 kicked everyone in the groin and we are now better prepared (donning HD protective cups) for his next devious episode of spewing oral bilge water! … rs
I would find that scenario to my liking! Knowing Rosen, however, he may just drop the original 6B offer to 3B just to F with us! LOL!
Honestly, I have no idea what to expect on Friday. We need to hear from the EC and hear from them fast before the 26th IMHO! … rs
Correct JHD!
Sigh … So good to be back to normal here in WAMUQ! Gone are those pesky .70’s, .40’s, and even .25’s! Low volume has returned with the corresponding channeling pps! Many former esteemed posters are gone but have been replaced by newbies!
We wait for news.
Ah...... There’s no place like home! … rs
It seems I have awoken the sleeping giant! LOL! Good man Zilla!
I am going to bed as my sinuses are killing me! Honk, honk, as Felix Unger would say. LOL! … rs
Good evening JHD. We need something to bolster the troops here dammit! Even though Rosen has been the clown in the center ring, we are the ones that are being laughed at!
This aggression will not stand man! LOL! In the parlance of our times … rs
Thanks erevno! Your two points are pithy, yet very well put! … rs
Erevno. Although $1 is a bit low, I basically agree that this is wearing on many an investor as one can tell simply by the mood and overall tone here! The board, to me, has lost it’s “pluck” if-you-will, in the last few days. I feel that many folks are still reeling from Rosen Friday (03/12)!
This has been a living breathing un-scientific test of human nature! We have been treated like crash-test-dummies by the FDIC and Rosen, yet have no one to blame but ourselves. We continue to absorb blow after blow and for the most part, hang in there for more! Rosen’s “global Agreement” or whatever the hell he called it which offered zilch to equity was as lowball as ANYONE could have imagined as an initial settlement offer!
Recent news of the EC’s motion to intervene being signed off on by JMW has definitely lifted a few spirits but if the EC cannot be transparent, we will still be at the mercy of Rosen’s spoken word! Hell, I wouldn’t be surprised if Rosen gets the pps down to .05 at the POR this Friday!
Sorry for the mini-rant! Just bored as hell I guess! … rs
FYI: New court Doc ...
http://www.kccllc.net/documents/0812229/0812229100322000000000015.pdf
... rs