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SOLOMON?!?! post link please
Thank you Fish- these guys are sounding delirious.
People. Everything we want is happening- but at a snails pace.
Stop waiting for $9999999999999999999999999 and just let it happen.
Go play something else for a few weeks if it makes you feel better.
Knick- I hear and feel ya. We just need to be patient. He is letting BR do his thing and taking him down the road to where there is no recourse. Let's allow SS to lead. He has a master plan that is the best for us, even if we do not understand it.
OK SS- no more time to waste. The timeline has come and gone. BR's lies have continued to make a mockery of the court and he is starting to impede on your turf.
Go ahead and unleash the F'KN beast.
I think it will be Lebosco- but I dont recall his user name. It will be posted on court day.
I think that maybe this is the time SS is waiting for. He gave every opportunity to BR to turn over docs and settle, but it has not happened. Now BR's esteem with the court has withered away, and he has nothing left to fall back on.
Steve's time is now. This guy is really smart. He dodges bullets and waits for the guy's chamber to empty. Now he gets to play with a full clip. Fun.
Deejay- I doubt they will. I think they may give some to the prefs, but not trickle down to us. Once they give anything to commons, it will be hard to go back to .20.
BR is a grand master of playing stupid and Im sure he say- Oh I didnt think we were referring to commons? When we said equity, I meant preferreds only.
I think it will take v6 for commons to get some love.
Then they must be sitting on the City of Gold.
Has anyone heard from Solomon??? Are they still in our corner? Why cant we get some type of update from them-??---Geez.
Well Steel-if for the slimmest of slim chances we settle this weekend- we'll start the wamu party!
Im going to LV tomorrow morning for a birthday on Saturday. I wish it could be a double party. I wont mind going back in a couple months.
My main concern is that we dont get wiped out completely.
I know I know- dont invest what you cant...........
Maybe- but you are not alone. 600 am CST-Im logged and reading. Early March, it was 445.
A lot of strong sells there.eom
ABout 8 or 9. eom!
Uz- I think he said equity, not commons specifically. He will surely try to also mention the "vultures" should not receive any benefit- just to make our pps fall through the floor. bastd.
In SS we Trust.
Chiron-probably preferred a bone- or just a hair A<L.
I think everyone is resting. Its been a loooong ride. Recharge some batteries and getting ready for next week.
No volume, and I expect the same for the next couple of days. Who in their right mind would be selling their shares now???
Im surprise's Bops numbers are still so high. I figured she would have come out and say -its just a figure I threw out there, but she didnt.
No volume- just going to be a staring match for investors that are on each side of the fence. Glad Im on the side with the shares :)
Arent you heavy in prefereds gold?
Its not hard to fathom with the possibility of a settlement- there is an extra 10B laying around.
4. Just delay, get a new BOD and go find what is really ours. It will make 1-2 look like chump change---
It seems this is the way to go- just get Weil out completely and quit all the back and forth with BR.
Dude- it could be a stroke of genius if it could play out this way
I read it. You cant say they still dont have something planned from one article. Only they know what is going on behind the scenes.
btw- we wont be sniffing 1-2 for commons. Its going to be something retarded like 50-75% for P-K, cancel U.
Once he offers something to commons, it's unlikely he can reverse and give us a lower price later. Its going to be 0-500M.
aimo--
What they're prob waiting for is the headline - JD saves WAMU shareholders. Becomes Obama's head of Treasury.
Im looking for positive info- but as the CEO its being manipulated like crazy.
I'd rather not. glty
Are there only 4 guys in this room?
Is there a link???
Show me- MW. Give me a link
NOT AS WORHTLESS AS ECDC-
Industry: Specialty Finance
On the web: n/a
Employees: 10
East Coast Diversified Corp. was incorporated under the laws of the State of Florida on May 27, 1994 under the name Plantastic Corp. The Company was formed for the purpose of purchasing and operating a tree farm and nursery. The Company was unsuccessful in this venture and in March 1997, the Company amended its articles of incorporation, reorganized its capital structure and changed its name to Viva Golf, USA Corp. The Company then acquired the assets of Viva Golf, USA Corp., a Delaware corporation, which consisted of a golf equipment marketing plan and other related assets. The Company unsuccessfully engaged in the business of golf club manufacturing and marketing and ceased those operations in 1998. In June 2003, the Company changed its name to East Coast Diversified Corp. from Lifekeepers International, Inc. and changed its domicile to Nevada. On April 26, 2006, the Registrant entered into a definitive Share Exchange Agreement (the Agreement) to acquire 100% of the issued and outstanding shares of Miami Renaissance Group, Inc. (MRG), a privately-owned Florida corporation. MRG is a development stage company and was formed to design, develop, construct and operate an entertainment center in Miami, Florida (the Entertainment Center). The Entertainment Center would include both indoor and outdoor covered/tented entertainment facilities including a restaurant, bar and lounge area, nightclub, facility for live performances and special events. To date, its business activities have been limited to planning the operations of the Entertainment Center including preparation of architectural plans for the renovation and design of the facility. The Entertainment Center would have a full-service restaurant which would provide patrons with complete dining services while offering patrons the option to also enjoy a live performance or a special event. The restaurant is planed to have approximately 250 seats. The bar is planed to have approximately 50 bar seats and lounge room for additional 150 persons. The Company's restaurant is to offer a wide variety of uniquely prepared, fresh food at an excellent value. It plans to emphasize generous portions and high quality ingredients. It plans to offer VIP services for all events at the Entertainment Center. It intends to market the Entertainment Center as an ideal place to hold banquets, parties and special events. The Miami entertainment market is intensely competitive with respect to price, quality of service, location and food quality, and there are many well-established competitors in Downtown Miami. The Company is subject to various federal, state and local laws affecting its entertainment business. It is subject to licensing and regulation by a number of governmental authorities, which include alcoholic beverage control, health and safety and fire agencies.
WANNA HUG IT OUT ITCH?
I bet SS just wants the 3-4 smoking guns. I dont think it will be a ton of docs, just the ones that really hurt. I wonder how he actually asks for these- or how he knows what they are?
"Give me the email from Bair to Demon." who knows?
Im really looking forward to Fish's letter he is currently working on. I have a good feeling it will be a beaut.
I wish I had his level of understanding.
hesdaman- quick question
I wonder how convincing Rosen was to SS to call off the examiner. I know SS didnt call off that big dog unless he thought Rosen was getting close. If he thought it was bullst, I believe he would go ahead with the examiner----
Unless he is giving Rosen all the rope he needs to hang himself. Which then he can point back to all the opprtunities BR had.
imo
Samurai- I agree with your post regarding court time. However- do you think the examiner will speed up this process? --paired with SS moving them along as quickly as possible. This guy seems ready to file motions before court is over.
I think the examiner is the X factor here as far as time.
aimo
Wang- were you here in March? If this transaction would have been done properly, the large majority here wouldnt be involved-myself included. Lets be thankful for a moment that we have a chance to benefit from a bad situation and not be too greedy.
-the previous sentence does not apply to pre-holders.
You know anyone in our corner? I doubt Levin is going to help!!!
I definitely agree with you there- its going to be a finger pointing contest. I have know idea how that is going to play out.
JPM blames FDIC
FDIC blames OTS
OTS says - hell we couldnt get a desk (or maybe the other way)
Everyone points back at Wamu and repeat.
The JPM and FDIC thing is interesting who is going to budge first. I'm just going out on a leaf and say FDIC will give us damages, JPM will give us what is owed and we all have a better situation.
I saw the link regarding Obama distancing himself from JPM. It would be interesting to know if that actually has something to do with this case. He should use this to his political advantage and his anti big business stance.
who knows-
Peace- everyone has their own target they are hoping for. The price ranges from 0.00 cax to $89pps. Most here have done their dd, and at least have followed the story close enough to get a feel of what may happen. Everyone has a number. The kicker is this has never happened on the magnitude that is being faced--along with what may happen to the Faith of America for its citizens. To understand that the US govt can seize a company and sell it to your competitor for pennies on the dollar is....well you get the picture.
Back to everyone's predictions, they are exactly that- predictions. We do know of some of the numbers, but not all of them. For instance- I havent heard of real estate values, windfarms, mineral rights etc etc. I know the numbers exist, but I dont have any real sense of what those may total. 500m? 5bil?
Dr. A from Illinois, had a basic formula and showed we had a ton of money. I think in the end we will give up some dough to finish this quickly. Sussmans way of doing things is strong arm until you give up, and to do it as fast as possible. He is not going to mess with Wamu for the next 3 years. When we reach a certain number he will tell the EC this is the best deal we are going to get and we need to agree to it.
I'm confident we will prevail- preferreds paid in full, commons $6-10. Do I think we could receive more? Hell yes, but I don't think we will get there for some reason or another.
Maybe BR has some type of smoking gun of his own- but I doubt it. Figured he would have used it by now.
All my own opinion-
maekuz- no need to pay anything?? If I gave you $1.90 for a $20, do you think thats going to be a FAIR OR EVEN DEAL? That is just the basics.
I think we are getting close- with the examiner looming, the time is coming. I believe if they dont settle very soon, we will get the examiner. That will be in July.
Next will be the shareholder vote. This should happen in or by August.
Before BR's exit I think he might concede to a deal.
You can bet your ass the pressure is building.
Just the same as the question asked- if JPMC was ever investigated by the govt. They had to ask the same question 3-4 times before they got the question understood, with the answer they wanted.
Cats- great story. I enjoyed the play by play.
If they can throw their executives and top tier employees 20B in bonuses---they have enough cash to throw us 20-40B and continue on schedule.....