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with all the activity on the R/S today should we expect any news or updates on the escrows soon..?
Great thanks. Hopefully things will be clearer soon. Cheers.
pre-seizure holder. signed the releases. haven't looked here in over half a decade. been trying to catch up on some of these posts.
anyone care to point me to a post that may shed some light on what could happen to the escrows? believe I have all 3 escrow flavors.
is this saga finally coming to an end?..
much appreciated.
been out of the loop for a while since we got re-org and given new shares.. does anyone care to shed some light as to what we may expect next down the road? business plan in the near future?
well said.
the EC recommended voting yes. they said this is the best chance for us to get some decent recovery.
let's hope they speak some 'truth'.. and that this is not entirely a scam.. you could bet susman godfrey would never hear the end of it.. if this bellies up really bad.
yea i am, ended up printing them last week and sent them in by fax & mail.
i was given the due date of Feb 2 for me to return my ballot.. that's why i did it earlier rather than wait for the package.. which finally arrived today..
are we actually to vote on our DIME warrants?
i'm a bit confused. received my package from the broker today. one cover sheet sheet says i'm not allowed to vote. yet i still received a ballot. or is the ballot, only for giving releases?
yea. thanks. i ended up doing that too. best to go straight to the source.
i agree.
most brokers are saying they want ballots by Feb 2 or 3.. best to get it all into them by then and not chance it.
have any non-USA holders out there received ballots yet?
so what? is Rosen hiding / holding onto it? for how much longer?
maybe it's time to ring up Weasel Gotcha
yep. we finally have somewhat 'closed door' negotiations with the other parties. hopefully there will be some light come November..
'satisfy us'.. wow that's a term i haven't seen in almost 3 years of this.. haha.. sure beats nothing nothing for equity a year or two back.. but people have short memories.. long and strong everyone.. we're gonna get paid! soon :D
let's hope so.. as every time we think something big will go down.. it often ends up becoming melodramatic.. and then we go back to the drawing board, scratch our heads, and try to figure out what REALLY happened.. i hope susman brings out his A game and trump card soon.. we need something to get the ball rolling
i think there'll still be a valuation slotted somewhere in the next couple months.. maybe as part of the confirmation hearings.
what would the WMI NOL's at 30-35% or so do for our balance sheet (A vs. L)?
so what happens now?
i mean we get another version of the POS POR.. direct appeal to 3rd circuit denied, hoffman denied.. but whoopie doo we get some kind of 'limited' discovery on the hedge funds..
i concur.. still not a peep.. to be honest, as good as the EC has been to us.. they have not busted a REAL move.. or at least a move visible to us all. i mean that in chambers meeting last summer sounds great and all..but 6+ months later we still have no real idea of what really was discussed behind the scenes.. the EC has got to make a move soon.. i mean hopefully they've been negotiating but judging from rosen's filing today. it sounds like he's still working against us.. we need a big bam from the EC.. susman needs to rip a new a-hole into this case.. considering rosen will continue to whine all he wants with a complacent walrath sitting on the bench.
according to this article, jp morgan chase profit surges 47% in the past quarter
http://www.washingtonpost.com/wp-dyn/content/article/2011/01/14/AR2011011406858.html
i don't know how many times the past 2.5 years we've been hearing dimon and his goons making billions and billions.. many of those billions of wamu assets.
where's the justice walrath? hopefully you bring us justice soon.
yes. i want to see the 30 billion dollar rabbit. pls bring it on mr.susman
the more i think of it, the more infuriated i feel.
she's really clueless. it strikes me as to how clueless she is. like seriously.. you'd think after sitting on this case for 2.5 years.. sitting in all the hearings and reading even 1/2 the stuff that goes on the docket.. she'd get a better understanding of this case.
heck she could even just read the individual shareholder objections to the POS POR and would be able to get a good handle of what the heck is going on. i mean if a bunch of us laymans can figure it out, you'd think an 'experienced' federal judge would too. i think she knows deep down what is going on but is just too chicken s*** to stand up to it. in her ideal world everything would just be settled. she better hope that susman brings the bombs soon to take rosen out.. because if somehow she allows this POS POR to pass.. you can bet the appeals will go to the next level and maybe beyond.
even if everybody starts playing nice and start negotiating, the EC should still have a backup in case Rosen tries to pull a fast one.. maybe an asset list or PJS valuation showing billions of A greater than L will do the trick..
yep. 30 billion for the releases sounds about right.
good that Justin responded quickly this time.
i agree.
i take solace in the fact that she did 'deny' this junk por.
but you're right. asset list? no more changes? blah blah blah
i don't think she takes her own words in court seriously.. and she never follows up on them.
"get me that list"
"asap"
the list goes on.
and when she appointed the EC.. she said something about us not being 'hopelessly insolvent'.. well we're not.. A should be greater than L and she knows that.. but to this date we're still in limbo with regards to solvency.. at least 'in court' we are since we still don't have a proper valuation. it's up to Susman now to bring it on and I think that's what Judge W prefers, for others to do the heavy work so she can just wiggle through. i'm not bashing, i just think she's a mixed bag. i guess we should be grateful though that she has kept us / EC alive for so long..
judge W likes asap.. let's hope this time around.. asap is soonnn...
posted on ghosts website..
this is amazing evidence of collusion between jpm and fdic.. sheila bair checking in on demon on a sat afternoon
http://www.ghostofwamu.com/documents/Examiner/4437/JPM_EX00032738.PDF
we can dream..
so why adjournment rather than postponement on these seemingly important EC motions?.. is there a conditional reason?
well i might be able to stomach a small haircut.. but at this rate, we're going to baldness!
bair's a joke.. they need to make her talk in court.
yep that asset list still needs to show up.
wouldn't the best way to challenge Rosen's pos POR from moving along be the EC submitting its own POR>??
thx ilenes.. steve susman seems to be a man of his words.. a man of integrity. "absolutely".. i hope he still manages to pull out something for us..
i think 50/50 at the moment.. if the examiner establishes A>L. then rosen & the corrupt BOD is booted out. and the question is.. would the bad guys let that happen? to lose control of the company i mean..
very logical catz.
i'd be amazed though if weil et al actually lets this take place still though.. to lose control of WMI...
yup! :D
susman has been very quiet lately.. we should have confidence in his silence.. i bet susman already has a rough or even good idea of how all this will pan out.. and assuming hochberg and his people are the 'just' people we hope they to be.. then there's really nothing to worry about. weil is pretty much finished, it's just a formality now.
those who do do that are obviously not true longs.. at least not long enough to have reviewed the 5 previous bs versions of the DS/POR. EXCLUSIVITY IS OVER EVERYONE. what Rosen does barely has any weight anymore. Susman/EC/PJS could drop a new POR any moment and Rosen would be blown out completely. Sit back and relax.
interesting..
maybe there are settlement negotiations going on that even the billing statements don't show??