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I think all that you said is true about the public being fed up and so on. Part of me wonders if WMI agrees to "whatever" because they understand there is a bigger agenda on the horizon. Did you read somewhere today that under the Christopher Dodd rules Dimon would be out of a job not on JPM but on the Federal reserve board? (I could have that categorization wrong) I have learned over time that it is the macro economics picture that matters.
Another way of looking at it is that the EC won't file until the midnight hour on Wednesday after Midnight...as they did before last week. An analogy would be like basketball when you have to fight with the clock to set up your winning play! Isn't it March Madness, after all?
Somebody please correct me if I am wrong. I don't believe the EC CAN say anything until the motion is signed by JMW for them to be an entity. The way I understand the drill is the reorg plan will be filed... the EC will have the opportunity to object... and then we are back to Square ZERO. GAME ON. Yes or no? Greater minds than mine??? Never thought I would see myself using caps in an email hahahaha like this. GLTA
OK I get it. Was TPG like the ultimate "bookie"? A good laugh if not true. Frightening, it is true. GLTU
Nice. Got my order in.
aw c'mon...be nice. losing money is the same universal language regardless of your entry point. GLTU
My only thought is more of a question...If they drop their claims with prejudice and the Judge doesn't sign the proposal, what happens then? Are they free to do whatever they think is right? HNFI..new one....means IDK. Take care.
You got Cuomo against you, you got big time problems. Wonder what makes that guy tick. Bernie Madoff's (and others) BFF. Seriously, great idea.
Could be bashing, Lucky...IDK. If this poster is like me, maybe just wish people who know about charts would speak in more basic terms. Frustrating if you don't speak "Chartist" Admire those who have that knowledge and expertise. In fact, I was just sitting here looking at all the lines, bands, and clouds trying to decide if I really want to struggle to decipher myself or just flip through the posts. GLTA in any case.
How would we know TPG's position maray? Not familiar with the usual sequence of events here.
Nah.. IMO the comment was related to a "detail" that another poster mentioned regarding the fact that the EC had not been officially notified, as is etiquette, with attorneys in litigation. He should darn well say that! I think this individual is ahead of the game from the little I've seen. GLTU and all of us for that matter.
Leave me outta this Beachbum...as you mentioned to me in the recent past. Don't want to be part of your hype. I don't remember anything that rings true to what you are saying about the incredible bargain in front of us.
I didn't see this posted anywhere except on the Y board on Tuesday. It could be somewhere here. Read most but not all posts. Did anyone else see something related to a rumor that JPM offered $4.50 per share for commons on Tuesday? Within a few hours, the pps started it's downhill slide. Could be a pumper or a basher. At this stage of the game, who knows which is which?
I read that too. I think it means they will file but it doesn't mean the other parties will agree or the judge will sign. In my world and maybe your world, no one would file papers unless it is agreed all around. Legal system process is you file your ideal position and wait for the motions to start coming in from the other side. I think Mordacai said something like: Start throwing stuff on the wall and see what sticks. Gotta love it.
Jeff, I can take a 47% drop in PPS but all this contradiction between who you are and what you believe in is exhausting. Many people lost a lot of money yesterday, at least on the short term. One of the few times for me that not having much money to invest was a blessing. If I had lost thousands or hundreds of thousands, I would not have a lot of tolerance for bs. I believe we'll go up from here but looking at the red ink in your account is no fun. I think we should just stop with the games, if only for the weekend, out of respect for other's mental status related to this stock. We both know life's too short.
absolutely correct. Not Settlement, first offer!
AJAB I think the EC lawyers advised them to not say anything so as to have more impact when the BS on the table is behind the court. JMO
that's one way of looking at it. another way is to hold long and strong.
It makes sense to me Gandal. The original lawyers had to get "Xtra Credit" for all the work they did before the EC so they said..let our proposal go ahead and the EC can give their input. ie validate their billable hours. Once that hurdle is cleared, game on. If there is one thing I've learned in my life, as a professional, it is the ability to keep my mouth shut when necessary, instead of stating the obvious. Seems to apply to THJMW. She rocks!...at least from my view of the world. Takes considerably more restraint to remain silent for the end game. IMHHO
Awesome info DFRNT. Thanks. I learn more here every day,
Gotta say this to you my friend.. be careful what u wish for. I feel the same way. We all wanted SJ and this is some backhanded kind of way to beat the system from the JPM view of the world. IMO the deal anticipated by all of us, way back when, seems to present itself today in an alternate form. As Fish predicted.
Who knows if it is the first step or the last step in a zombie dance? It appears to me that the offer PRE EC is more or less what is going forward, disguised perhaps. A first "swing" however diluted. I guess that's why JD makes 16..18 million... I don't remember. Certainly not my salary. Still think it isn't over yet but totally respect your thoughts and more importantly your honesty. Had imagined a better Friday, myself. GLTU
Didn't mean to leave u long and strong. Busy this week. Can u believe what is going on with this stock??? I have no agenda except to stomp out bs. Do you think we could get paid to bash instead of pump?? Wait a minute...I get it no money here.
uzual, u said it all, as in genius. North Korea here we go.
Yes I would believe you...I am all for the underdog
IMHO the EC will respond when it is their "TURN". it is not exactly their "TURN" until all the other entities respond. Such a hierarachy of processes one must go through to get to the bottom line of the "LAW" GLTA
gimme a break teradyne
IDK Voodoo. I read on the Y board that some dude lost $23,000. That made me kinda sad for him. I agree that in some respects we got what we wished for the SJ in a format other than traditional. Bottom line is what happens from here, I guess. It's like the Ajest says it is the patience thing if we could all just figure out who the heck is John Ruskin???
GMEN you totally get it. JPM had to get out from underneath the SJ thing....promising to EC and others of course that they would reserve any additional monies they might have for poor common holder folk like u and me.....so pretty much "game on". Fish called it yesterday saying why bother with SJ when JPM could so easily say OK u win and here is what we think should happen...blah blah blah.
Your patience statement makes a lot of sense today. Who is John Ruskin anyway?
Nice Emptyhead. I think you should change ur name to Profoundhead. GLTU
JDUB, you are respected poster, IMHO. The way these lawyers work is that they separate out each minor point till the minutaie(I'm a really good speller but don't think I have that right lol)wears everyone down. Probably the cases on the docket have all been removed because of previous filings. Hopefully no big deal.
Great post, MRRed. I feel the same way.
OT please don't shoot me. Nursing school rough. No doubt about it. If she worked in midwest, she would be able to buy about 68 shares of Wamuq upon graduation at todays close...for one hour of work! Such a deal.
Fast Money is name of show. They have clips of that on CNBC website. Will try to find.
Now that's some good DD. Great!
Your post reminded me of all the commentary about how banks won't lend to the American public making recovery even more difficult. Leave it to the USA to get the #1 big bank to do some serious "public distribution" through the avenues you mention! GLTA
Works for me. GLTU
Agreed. The idea I had in mind was that if no settlement is reached Venable could carry on with it's argument to go forward with the ideas proposed by them in last hearing. Ammo, in other words.
Zorro, that's an excellent idea. We should all flood Venable with emails asking for a shareholder update, given the excitement generated with the possibility of a shareholder meeting and election of board members. Give EC lawyers something interesting to talk about next week if others still back at the trough begging for more water, I mean time. lolol.
It sounds counterintuitive but it's a great flipping stock which IMO is part of the problem here. The stock starts getting some momo at .0006-.0007 and flippers whack it down to .0002 or .0003. It took me awhile to figure it out but if you buy and sell enough shares the math is such that a profit is possible. Penny stock psychology, I guess. That's why I'm so disgusted with the stock. Vultures is a word that comes to mind. If this is all obvious info to you, my apologies. Take my rantings as "venting". GLTU