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No...I missed that....on which exchange did it happen????
I was only half-kidding....It would be nice to compete with somebody like David Tepper tho'!!!LOL
Heck...we can start our own hedge fund with that much coin.......What would we call it??
WAMU ,of course!!!!!!
Gyspsy, Uzual's post # 296671 has the transcript of what went down in court(official)......
You can start on page 24 ..........only takes about 10 minutes and will bring you up to date!!!
"No amount of speculation about values had me convinced commons would see a dime"......You mean except the the time you were supposedly in London and had us all rush to buy more because some brokers told you that a deal was made???Do you remember??
Do you remember the fools you tried to make of us???Thank the lord they only allow you 2 posts a day...........You have NEVER talked about evidence nor facts.....only bashing at every turn.....
Please ...............go back on your meds and leave the serious people on this board alone for a few weeks!!!
You're on Paisano........and it's a good thing you're posting on the weekend...people around here,(including me) get annoyed with newbies during the trading week...best of luck to you!!!
Of course.....for the umpteenth time, a share is a share is a share,no matter when you bought it,pre or post seizure....makes no matter!!!Welcome on board the WAMU express!!!!
OK rat2k10,I believe you,but with that much coin,you'll be buying dinner and drinks for all of us in Vegas if this thing goes to $8.00 PPS,OK????
I'll handle Madrid....chaarles has got the north,where the food is even better!!!!
Yep...."Term Sheet" was the exact phrase Jack's attorney friend used...saved me from doing something stupid,like flipping INMVHO.......
"Park Avenue Hardball" as guys like Rosen call it,means regular days,but who knows when he's addressing the court...you're guess is as good as mine.......
Post of the day Knick!!!!!But at least we will be able to customize our deal from column A,Column B,etc,etc,..........
You took the words(the post)right out of my mouth....CWG,I think,was spot on in his analysis.....
I think we will trade a bit up,mostly sideways,until the big news(or a leak)hits!!!!AINVHO
I just finished my lunchtime expresso(with a nice brandy),so siesta time for me....Enjoy BR(Baton Rouge ,not the other BR).......Can't wait to meet all you guys(and gals) in Vegas......Sooner than later,hopefully, at this rate!!!!
Looks like only real WAMU die-hard longs are on here this morning(afternoon for me!!)LOL
That or the Dudley Dooright RCMP uniforms....That's(sadly)America's idea of Canada!!!!
Nothing on the wire,but perhaps people don't want to be caught out w/o shares over the long weekend,just in case some news does break.......
Uz.....I seem to remember some mention of a potential buyer or something to that effect in the last billings we saw from S&G.....But I can't find them.......
Yes my friend,this is all very addictive!!!
Welcome back Mehedi!!!
I agree,the U board is full of the self-righteous....But I've got nothing better to do,so I follow it....
I do admit tho',that when I'm away for a day or two,I do sift through the posters I know and trust....
Post of the day Mordicai.........It's just unbelievable how full of themselves people can get....a product of watching to many movies or TV programs....and then thinking that's real life....
This guy isn't the only one out there"seeking justice" either against tthe "evil powers that be"...
Jeeezzzzz.....sometimes the ignorance + the paranoia really gets to me!!!
I love the metaphors fssh........I'm going to invite you to the chicken legs and hot dogs in Vegas(soon!!!)......
Wrong.....commons belong to both pre-seizure holders and post seizure holders.
I bought AFTER the declaration of bankruptcy,but many here on this board were shareholders before the take-down.Those are the people who have suffered the most from this fiasco.
A share is a share is a share,regardless of when it was purchased,either pre or post seizure.
Sorry,have I missed something??Respectfully, but where did you find out:"People like Issa(CA)and Poe(TX)who are wanting this investigated"????
Did we not learn anything from the billion dollar FCIC investigation,which went over like a fart in a spacesuit???What leads us to believe the rest of these crackpot poliyticos are going to be any more productive than Levin and his cohorts??
And quite frankly,Bet's street smart father has nothing to do with me........
I'm here to make money on my investment,not stick my nose in other people's business or problems;but that's just me.
All INMVHO and with all due respect for you,but I'm not a crusader.GLTYA
I respectfully beg to differ.I believe you brought it up in your post # 296078 in response to fsshon.
And I agreed that what you learned was different(not better,worse nor non-applicable)than my experience.
I always strive to take the emotion out of the arguments here;that's my only real contribution.I was trying to do it again.
And like I said in my last post,I've learned to step back,and even walk away.And that's exactly what I'm going to do with this discussion..can we agree to disagree??GLTY
Again,and I repeat with all due respect,who ever mentioned anyone "taking from you to ransom your integrity"??And why should you expect anyone,especially on an internet forum/blog/board "understand this about you"???
All I'm saying is what we have all learned from history and the cliches that go along with that history(there's nothing certain except death and taxes,you can't fight City Hall,When the Elephants fight,the mice get out of the way,etc,etc,).....
I grew up in one of the toughest neighboorhoods in Brooklyn in the 60's and 70's......And my clan was tough and took nothing from nobody.....one thing we learned tho'(and sometimes the hard way)is that there is "always"someone tougher just around the corner.
We learned to walk away;no mileage,no gain in being anymore impertinent against "the powers that be"......Again,all with the upmost respect for all you do.
I honestly don't know,nor do I think it's a dumb question.
I do , however,think it's a moot question......I believe once a term sheet is agreed to,there isn't going to be any more voting on anything,but I defer to my more legally competent board colleagues.
Yeah,you and I both "could" be delusional,but.........Susman is no ambulance chaser and Willingham has the reputation of being the "poster boy" for equity committees(that from a sitting BK Judge,not me!!).
I like your sequencing of possible upcoming events...who knows and who cares;we are sitting pretty right now.
As you say,only time will tell how all the cards fall.
I respect the vigor and dedication you have for this cause.Actually,and this is no joke,my Dad taught me to tread very carefully with such "powers";he told me they have enough power,money,influence and viciousness to take me down at any time and place....This was at a time that I was leaving University (and the family business) to enter the corporate world....
35 years later,and he was right then,and it continues to hold true,AINMVHO.GLTY
That's cool....but there you go,talking about an R/S which none of the longs has even thought of...it came from some noobie who has about 2 posts and joined iHub a week ago....not even enough time to read the iBox,let alone to any serious DD like we have here....Really,take a look at the history of the Pilgrim's Pride BK and cheer up....We may not get Diamond's wishes(yet),but I have to believe we are sitting pretty,or as Don says,better than 1 week ago,GLTA
not only PJS numbers but the conflict resolution house and the tax specialist house he has also hired......I believe there is plenty more to come.....can't wait for the April billings from S&G!!!
and how exactly do we know how Willingham has spent his time for the past year??We know about our <Susman> EC where they have spent their time from their billing statements....
I just really hope that a brilliant deal is presented in the next 10 days for our benefit...Don't forget that a short 2 weeks ago we were dead in the water.......Now that we have a glimmer of hope,let's leave Rosen alone and start picking on Willingham ,whom we know nothing about,except perhaps that he's a clever businessman,expert in BK plays....
Get a life guys......You're not the only smart,hardworking people in this world......
Read the cancellation PLEASE!!!We(the EC)did not "allow"the hedgies to cancel the deposition........
WE,the EC,cancelled it!!Why???Ponder it for a while.......
I think you're spot on with the "sweetners"....Susman and Willingham aren't in this for their health and wouldn't let the SNH off the hook for nothing in return(It was the EC attorneys who signed and issued the cancellation to the court)......I guess we will know in about a week's time!!GLTA
I can't get upset with you and Oil for missing this;there were hundreds of ignorant posts yesterday.
Anyway,the Appaloosa dep was not postponed,but CANCELLED...........To me and many others,it's a good sign because it shows that Susman must have the hedgies by the short and curlies!!!!
I wonder if we will ever hit 300,000 posts on this board??I would bet 1,000 WAMUQ shares that yes,we will soar over the 300 thousand mark!!!!
PAY ATTENTION EVERYONE!!!Pilgrim's Pride bankruptcy case is the closest I can compare to because:
1)they declared bankruptcy.
2)All the creditors got paid in full
3)They too had a whacking great NOL and tax credits
4)A big company came in and acquired them to take advantage of the NOL and other synergies
5)Shareholders got a 35 % stake in the Newco.
Share price history result:
1)They were trading between $20 and $40 PPS in 2007 and 2008
2)Shares hit a low of $0.63 PPS on December 1st,2008(bankruptcy declared).
3)They come out of BK on Dec.28th,2009 with share price @ $8.31
4)April 2010,shares hit a high of $11.66
Now they're trading around 6 bucks again,but that's because of commodity (chicken feed) prices that are hurting them....
Relax everybody,give WAMU a few weeks or months and we'll all be in Vegas!!!!
Did you not just read Ilenes post??NO EC lawyer was there from Susman/Godfrey.......Bowden is our,EC,local Delaware counsel......Obviusly Susman,Ard,Nelson and company have this wrapped up tight enough that they did not need to send anyone..Seth Ard was on the phone....LOL
Thanks for putting so plain and simple voodoo!!!I hope the rest of the scaredy cats(not you withcatz)get the GD message!!!Jeeezzz....we've been here for years and some people think this should shoot to $4.00 PPS in 2 hours!!!!