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I respectfully think you're wrong. Any final decision can be appealed. I've found numerous documents providing examples of BK appeals for summary judgments. Google "summary judgment bankruptcy appeal"
This references Florida, but I believe BK is federal so it applies to DE.
It looks like JPM would have to file an appeal within 30 days otherwise the order is final and can then not be appealed.
The linked PDF is about a BK judge signing an order, which shouldn't have been signed because it was the wrong decision, but it was not appealed within 30 days. They later tried to appeal/sue but it was final.
http://www.ferrarolaw.com/CM/ArticlesResources/NorthcuttvBryan.pdf
At such a low volume we can tell these are extremely explosive. Imagine someone wanting 100k shares. It will happen.. we just don't know when.
I'm showing .30 x .70
Better hit the .70
Most seem to move very easily on low volume. But more volume is really needed for a big pop. In fact, with volume I can't imagine how high the pop would be.
I see some of you are saying you are trading J's for more C/T's.. but I've found it more advantageous to just hold. Have them all and hold.
No flipping for me. I bough all mine from Jan-Mar. and I want to hold for long-term gains.
GLTA!
I nominate you.
There's no rhyme or reason when orders show.. the bid size seems to be ignored at times. I'm loaded and have enough to choke a horse... I can't buy any more. Thinking of selling a car to raise more cash. LOL
Come on $4.21's!
I have to agree with you here. I could be sweating each day trying to day-trade all these and increase my shares. I just don't see the potential increase worthy of the added stress or time. I'm sitting tight on my shares and simply watching the PPS as entertainment. Much less stress this way.
Set expectations a bit though, please. Do you mean less than the high numbers most are saying?
I left a message for her yesterday.. I haven't received a callback yet.
Volume today in all classes will be interesting to watch.
Don't think of Carlyle as only US. There is big Chinese investors with Carlyle as well.
I don't have the number in front of me, but I plan on calling tomorrow for the date.
I think it was file 5. The link can be found in many previous posts.. look under my posting history for it.
I am probably interpreting Marsal's statement too positively, as I do not think commons will ever see a dime. I do think the prefs will see a decent percentage though.
The thing is.. it is going to take time.. another 2 years at least. But the prefs will be on a steady stair step climb all that time. As the economy improves so do the value of Lehman's assets. What a gold mine in these prefs!
Great interview. But did you catch Marsal statement starting around at 3:05? "I think the bank was solvent, it just ran out of liquidity." ... "At the time the company had sufficient capital"
He's telling us A>L? wow!
This money does affect us but I think what we're hearing is a bit different than everyone thinks. I believe this hearing is about former employee's against WMI. WMI is saying the oney in the trusts belongs completely to WMI. The former employee's are saying it is their money.
A ruling in WMI's favor would favor us investors, but that's a big ouch for the former employee's.
Sounds like you got it too Rainbow.
And thereby reduce WMI debt. Sounds good.
I agree. And each day might feel like a rollercoaster, but looking at the long-term chart.. it sure looks to be a steady climb.
The Spain dial-in is here:
34 0902 88 60 36
code 448850748
I'll put this audio file with the others once it is concluded.
http://www.mediafire.com/?sharekey=b932994e293c11f5c79b87b207592a1cddedae8c2c0554256d217c73094ddc3b
Is anyone dial-in? You can hear it? I wasn't sure if I hit the correct keys.
The hearing has ended so no need to dial-in now. You can find the audio files at the link previously provided.
Are you saying the 7th is confirmed?
You can dial-in here:
Attendee 34 0902 88 60 36
code 448850748
I'll put this audio file with the others once it is concluded.
http://www.mediafire.com/?sharekey=b932994e293c11f5c79b87b207592a1cddedae8c2c0554256d217c73094ddc3b
I think it is unrelated.
I think she is hopping on another conference call and then coming back to court.
Hearing 09/25/2009 3:30PM - Audio Details
Number and a new code is below. I suggest calling in at 3:25PM.
712-432-1001 448850748#
Latest hearing date will probably be the 25th. But go come with the expectation of a ruling during the hearing. She might rule days or weeks later in a written ruling.
A new number will be provided at 3:15PM today.
Hearing 09/25/2009 10:30AM - Audio Details
Conference call:
712-432-1001 code 428070142
(I suggest you call in at 10:20AM)
Audio Archive:
http://www.mediafire.com/?sharekey=b9329...
Twitter:
I'll post here as the audio files are uploaded.. I will not provide commentary though.
https://twitter.com/WaMuAudio
Yes I will. I'll have it posted before 10:30
That's not our money.. but that's great news for those who put their money in that money market fund. Hopefully this bodes well for Lehman equity stock holders since it helps put Lehman in a better light. Any positive news is good.
You can see the "show ibox" on the image below.
I know what you mean. I jumped in with both feat on WMI. It was scary at times.. but here we are. Only with great risk comes great reward... and I embraced it.
So Petrit is wrong? It's not going to .08 ? Damn. I didn't think he'd lead me wrong.
You want to introduce fact into this speculation equation! HAH! LOL