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ec has to be entertaining offers or the court dates would not be agreed to be rescheduled. You would think the ec would already asked what price jpm was considering that they would offer, or ec said a firm price and jpm said they have to do some numbers. If a price isnt in the ballpark, why wouldnt we already have the sj and alot of other issues would have been solved by now. If JPM is still trying to bs around negotiations wouldnt be ongoing, especially with just a week extension. If something big does not happen by Friday, the ec needs to go all out and pursue every thing they can.
I want justice and fair value. No headaches from jpm and fdic would be nice. The judge can demand that everything be returned to wamu. judges have that power, that is not near as hard as it sounds either. Jpm and fdic are being awarded an opportunity to pay a fair price. The EASY way to end everything would be for jpm to relinquish any and all wamu assets. The easiest way would to have them pay (close to) fair market value. I think wamu is just wanting a reasonable price instead of getting everything back because wamu was wanting to be sold. I think wamu has a huge headache from this and will settle for close to the amounts I said. $9 or under will never be accepted. $10 to $18 would be a deal for Jpm of course. $20+ could be the actual true value of wamu, but remeber JPM would have never got wamu for that low amount and probably would have not been the winning bidder if it was not for basically Sheila Bair. Dimon so far is the only one leaving. Its just where he will go that we dont know. All three made huge mistakes and got caught. The longer this goes on, there will be more parties involved being corrupt. If it hasnt already happened. We have waited long enough for a settlement.
the 3x is actually possible with alot more court. possible years more. $8 should be the minimum offered with a definite and almost immediate answer of no. a $12 offer would probably be jumped on in a heart beat. $10 they will say let us think about it, but would probably be accepted as well. Any price over $12 could take alot of time to get a better price. They shouldnt even present $8 now knowing that the ec will not play games and that $8 didnt work before. $10 seems highly probable to be the first new offer.
RICO and it isnt suave
$10 to $12 would be lenient now. Goes to trial $16 would be wholesale prices. $8 at any time is absurd. If the stock is not halted and it does go up to $4-$6 or whatever you think we will get in that area, I am sure the shares would be scooped up even then, only to gain in value from there. $8 wouldnt be accepted when they were nice (begging in desperation), why would it be even close to that now when they have been nothing but..... you can fill in the dots.
wamu was worth around $12 a share at the time. This was after jpm was slandering wamu to rating agencies to get wamu to drop.
what, commons wont get anything? I was certain this was a sure thing. Is there any way that I can still sell before commons get nothing. I thought the only commons that did not get paid were the ones that were not owned or the commons that werent redeemed before their expiration date. I was thinking about buying some FDIC commons. I think their symbol is fdick. Do you think that would be a good investment? Thanks in advance.
triple will only happen if it goes to trial. and that sucks.
not in settlement. all shares are paid at the same time.
I was unaware of the new ratio. thanks. could be awhile longer now, lol.
all bs aside, I will purchase a few hundred shares here in a couple of months. after the 50 to 1 split, I see it taking maybe 18 months for it to get to $1000 a share. With brk.a up roughly $31k since the split and the 30 to 1 ratio in order to split b, I see share in the $200 range possibly around mid June or july. thanks for any insight. I see this as a very wise investment with the huge upside.
I think that could take a trial. I could be wrong, but a fair price would be alot easier to do. I would accept a trial to get damages, but would defintely take fair value now or in a short time.
just fyi, wamu was trying to sell before the seizure. by them attempting that, people should come to their own common sense conclusion. which is seeking close to "fair market" value. settlements do not end with a share swap. swaps happen only in buyouts and mergers. what was done to wamu definitely will not be settled with a swap, a swap plus cash, or anything of that sort. It will only be settled with cash. ec turned up the heat to keep them from delaying the settlement and put huge obstacles with letting them know they could face severe consequences if they try to drag this out and go to trial. basically settle soon with a fair market value or we will fight to the end and receive billions more. and that would just be the start. we will see what happens here real soon. $52 billion would be hard to get because of the recession before they were seized. But a 25% hair cut would not be unusual at all ($38 billion). Commons at minimum should be $8 which is still under valued. therefore diamonds $12 plus is highly possible. Jpm and fdic paying all legal fees and any fee related to this court escapade probably would be accepted for this to be swept under the rug. If people are trying to predict the price, they should know that $8 a share would be bare minimum.
wamu wants a fair price from jpm and fdic. when they get it, jpm owns everything.If it goes to trial, wamu wants damages and their stuff back, they may then come back in business.
people can assume all they want about a low ball offer. the fact is that we will never know about low ball offer.
wahuq will be the only one to get face value. preferreds do not have to get paid in full. commons will see money. preferreds could get great percentage of face value plus some divies. Also for the people that think commons wont get good return, you actually think the ec would allow that? It is far more likely commons get $10 a share versus pq and kq getting paid in full. keep in mind also that the preferreds were not always at face value, even though pq exceeded it before. Economy went bad and they declined some....the EC will settle in a heartbeat for "fair market" value.
cant be a low ball offer, or ec would not allow it to be presented. hence, no offer made public as of yet.
keep in mind, no matter what the amount awarded is, commons get paid. even if preferreds do not get paid in full. why you might ask, because the way wamu was seized....jpm can pay all preferreds, fdic can pay commons. preseizure that sold is a whole new ball game and has absolutely nothing to do with this settlement, unless they chose to do so. there should atleast be a quarter of a billion dollars of commons that wont be bought. also jpm and fdic will have to pay any and all legal fees if reasonable. But in this case how would $5 billion not be considered reasonable.
did you not read my post? no less than $8 a share. think before you speak.
todays volume, tomorrow double it.
people should know there will be no share swap and definitely no warrants. Base you figures at minimum of $8. Preferreds do not a need to be paid in full before commons get paid. all shares get paid. But I hear caymans may not. go wamu....
I just thunk it. Let me know if anyone disagrees with this...
vote to change cusip #. That'd be awesome.....
no final tomorrow. I dont know who would sell at .25 I sell in the end or $24, which ever comes first.
shareholder meeting. would that point to a hint of possible reorganization? I see nothing other. unless it is to discuss what price we could want for settlement, stock swap (which I never see happening). EC must already have concrete value already in place of the value of Wamu or why would they be requesting this. and the date they are asking to be heard, considering it is after reorganization date. had too much coffee, so forgive if I made any error in the dates or facts.
.25 low to .47 high just to see if I am psychic. lol.
good luck tomorrow to all of us. very exciting. cant wait!!!
those fees that have accumulated are in addition to any settlement agreement amount. they will pay the legal fees.
Remind people that in this fiasco that all shares get paid. Also preferreds do not have to be paid in full for commons to get the slice of the pie. We all love you Jamie Dimon. You are giving us the best present ever.
notice his amfi on jan 28 post that it was about to move and he bought in the .90 range. down ever since. smart guy he is, dont you think
now that it is official, maybe ec can start on getting cusip changed. walls will then tumble...
a few things. preferreds do not have to be paid in full for commons to receive a dime. second thing the commons could see a higher price value than any share, other than pq. wamu was trying to sell before they were seized. very unlikely they will come back. who cares when we are all in it to make money anyway. general post for newbies and people that still think preferreds have to be paid in ful for commons to see a dime. I guess they think pq could go t0 $999.99 and leave the commons out. fat chance. preferreds can see $512.79 and commons get $24.95. and if preferreds had to be paid in full before commons get paid, well we have one preferred down now dont we.
the common post holders, no money. pre got some money. wamu is not in bk because of insolvency. they are in it to protect themselves from criminals. also 10q comes out when the company wants it to. no clue on the pm.
this may help you out. if you did research, you would see why those shareholders are still waiting for their new shares. This is from Wikipedia. the shareholders that bought post bk there wont get paid. wamu bk is completely different. also the pending litigation would be a class action lawsuit. a class action for wamu would only apply to preseizure holders that sold.
wikipedia..In January of 2006, Mirant emerged from bankruptcy and the company was relisted to the New York Stock Exchange under the symbol MIR. The equity holders from the pre-bankruptcy Mirant did retain a portion of the equity of the re-organized entity
your mirant corporation claim only paid the preshareholders. my info is from wikipedia and here is the statement.
In January of 2006, Mirant emerged from bankruptcy and the company was relisted to the New York Stock Exchange under the symbol MIR. The equity holders from the pre-bankruptcy Mirant did retain a portion of the equity of the re-organized entity
how would jpm be able to force their employees that hold wamu stock to sell.
simpler terms.
A - L = positive cash flow for wamu shareholders.
Dimon stated late last year he was going to step down.
once again no swap in settlement anywhere. maybe in a merger or buyout, not in settlement. I would bet that JPM has more money than the FDIC. so i guess you think the fdic will pay with stock.
learned it. that was his words, not mine. wamu is like a blank check with funds.
when we as taxpayers bailed out alot of banks (including Jpm), and the country is in a recession, this should not be allowed. especially when the ceo stated shareholders should eat the companies losses and not the company.
didnt Obama say prior to election that he wanted to cap ceo pay.