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Rain,
Why do you think this one will run, again? Most impressive 183% gain today of all days. Looks like a good one.
I'm still hoping for a miracle in OSCR.
D
Ineresting. If that happens, the BK will be dismissed and that will be that.
Any sources or links to these rumors?
Rain,
When you say hedge funds are liquidating everything, then who is buying the large chunks of WAMUQ?
Is the buying just a cover to get the pps up in order for the hedge funds to dump?
I sold WAMUQ last Friday and was thinking of buying more.
Cheers,
D
WAMUQ should stay in the BK until it gets what it wants from JPMorgan and the FDIC.
The BK gives WAMUQ leverage and a possible court order that may enable it to get its hands on the $5 billion and other assets. BK courts tend to favor debtors. The BK court may also provide a forum for discovery into the deal between JPMorgan and OTC/FDIC. Court proceedings like these, could drag on forever.
Don't know anything about Judge Walrath, but I assume she is the best judge to handle such a mammoth BK filing that has the potential to unravel the hasty FDIC JPMorgan deal.
Whether the sale to JPMorgan was a steal, or not, will be revealed. Perhaps JPMorgan does not want the details known for all to see and sue.
Like I said, DrFeelgood, and many other smart I-Hubbers own SRSR. For a reason, this company is moving forward with its business plan, the company is not issuing any cool aid pr's or making ridiculous claims to quick $$$$$.
We are in a very tough market right now and investing your hard earned cash in a pinkie mining company, is not on the top of investors' lists.
It is on the top of my list and I'm waiting for the money I got flipping WAMUQ to clear to buy SRSR at these bargain prices.
Some of the best and smartest long term investors on I-Hub own SRSR.
Smart move on your part. You're holding on to a good one.
And all the potential lawsuits are counted as liabilities as well!
No one really knows the amount of assets or liabilities that WAMUQ has. That's the beauty of it all.
That would be a good argument to make in the BK court. That the takeover by JPM was a preferential transfer of estate property and should be scrutinized and overturned by the BK court.
Lawsuits and drama will continue for a while in this one.
Google, "preferential transfers" in BK's everyone! We will all be bankruptcy attorneys by end of this saga.
You got that right.
And there will be news on the lawsuit front around the Oct. 15 bankruptcy hearing date. Who knows, maybe WAMUQ can recover some of the $5 billion from JP morgan for the bankruptcy estate.
Good point. Those that bought in at .15-.18 will do whatever it takes to make money.
The pps will be manipulated and driven up so that it may hit .70 or above.
Won't go to $3. But if it does, that's great.
Also, WAMUQ's attorneys said that WAMUQ has enough money to pay them for the bankrutpcy proceedings, nothing more nothing less. More news on this saga on Oct. 15.
I dont think WAMU was given a choice before it was seized by the Feds.
Would be interesting to know what happened before the seizure and get the details of all these deals. The details of the JP Morgan takeover (steal) will all come out imo, during the bankruptcy proceeding.
I'm very much attached to warm furry critters.
It's great the bond between humans and animals or nature. Dogs, cats,horses etc keep us connected to something special and true. They love us and keep us entertained. And we in turn, love them.
I know what you speak of.
Good night,
D
Thanks and good night to you too.
OK. Go ahead tell me a true story.
From one dog lover to another. Put politics aside.
Do you mean Bien Laden?
For a dog person you sure is nutty and mucho angry!
Something happen to you as a child?
Most dogs can can go up stairs. Did you teach yours to bark too?
Can she see them Bosniacs from her back yard?
You mean core themes and lies, dont ya?
We are winning the surge. The Raquis love us. We'll be out in 10 years.
McCain was a fighter pilot. Not. He flew bombing missions and got 28 medals for only 300 hours of flight time. What about those that actually fought on the ground for 3,000 hours and got 4 medals.
The hero story is way overblown.
Hey, My dogs are left coast liberals and they can swim. I didn't teach em how to swim, either.
Lot's of large blocks of shares were bought up today. What is it that they know that we dont know?
Good times ahead for WAMUQ shareholders.
WAMUQ can sue JPMorgan within the context of the bankruptcy case and demand that the funds be made part of the bankruptcy estate.
They will need to file an adversary proceeding. Might happen.
People usually take profits over the weekend. WAMUQ could go to .20 today. Who knows.
Just lock in $$ when you can and stay tuned next week.
We will need to analyze what went on in the BK and what's likely to go on. We've got the October 15th deadline to work with.
More news on the way next week. More buying opportunities.
TPL how old are you? bwahahahaha
After they successfully reorganize and emerge from the Chapter 11 as an ongoing concern. Or there is some type of buyout for the WAMUQ assets.
$30 in 2 to 3 years. Can you wait that long?
The news from the bankruptcy hearing is certainly positive.
Hopefully, WAMUQ's attorneys will make sure that JP Morgan didnt rob the US taxpayers and WAMU shareholders blind.
Good news from the BK hearing could be that it is withdrawn, that's along shot, or some other type of deal is announced.
WAMUQ should be negotiating with its major creditors. Could be we hear more information about asset classes and the amount of debt in the BK.
Could be good news eh?
Like, WAMUQ plans to pay back some creditors, or WAMUQ withdraws the filing or WAMUQ plans to emerge as a vibrant new entity.
Sounds good. Why would they put a bad spin on it.
No. Wait until the BK hearing today and see what's said and done.
Yes, that's right. Check Pacer.
WAMUQ BANKRUPTCY HEARING AT 9:30 am TODAY
Hold onto your shares. Big news could come out of this hearing after lunchtime.
WAMUQ could be bought out by someone? Why not? BK could be dismissed? Or not.
I disagree that the Gov or the Fed deliberately manufactured this crisis in our banking system. WAMU was going to fail. Rather than have panicked depositers make a run on the bank, Treasury decided to take agressive action and seize it.
Why would the Bush Admin do this to the Republican party in a presidential election year?
You can thank those "trial attorneys" that everyone likes to trash for keeping JP Morgan honest.
Hopefully, JPM will not screw around with WAMU's shareholders/employees interests/pension plans.
At that time, the Viet Cong were the enemy. It's much simpler to think of people as your enemy when you are about to bomb em.
I think you get my point here about the war "hero."
McCain was no fighter pilot.
McCain's main combat duties in Nam was to drop bombs on the enemy. Given that the Viet cong did not really have an airforce or any formidable ground to air defense systems, it seems it was pretty easy duty, compared to what the guys on the ground were doing.
Google this please. He was a POW. John Kerry probably saw more combat action than McCain ever did. But Kerry didnt trumpet his Nam experience. The more I know about McCain, the more I like BO.
But in the process of losing 5 planes, how many did he shoot down? er, did the Vietcong have any planes? So, who then shoot him down? Ground fire, right? So, he was shooting at the enemy (people) on the ground?
I dont care about his incontrollable twitching and weird facial expressions.
I care about his lack of judgment, hot tempered nature and the Bimbo he picked for VP.
Go Barack O! Go missing link!
I'm not a....... what did you call em?
You from the south dude?