okay thanks...got it.

when/where was this admission?

So it's POR 6 since a settlement with shareholders wasn't reached.

POR 6 doesn't include shareholders, right?


How is this a good thing?



thx

Washington Mutual Inc. (WAMUQ)’s agreement with shareholders, aimed at ending opposition to the company’s more than $7 billion reorganization proposal, has fallen apart, three people with direct knowledge of the negotiations said.

The talks fell apart over how to split up ownership of the only unit of WaMu that will survive the collapse of the company, which is the former owner of the biggest U.S. bank to fail, one person with knowledge of the negotiations said.

Creditors, the company and shareholders were trying to complete a contract based on the outline of a settlement that would have given a stake in a reinsurance company to shareholders.

WaMu and a committee of shareholders tried to guarantee that common shareholders would have a stake in the reinsurance company. They were opposed by a group of preferred shareholders, who were concerned about anything being given to the common shareholders, the person said.

“The equity committee and the debtors were trying to provide for a distribution to both,” the person said. “The debtor was hard set on giving something to the commons.”

The equity committee’s insider trading probe of hedge funds which helped to negotiate the WaMu plan has resumed, according to court filings. The committee today filed notices of deposition saying it would take testimony on confidential information received during negotiations of the plan by Centerbridge Partners LP, Appaloosa Management LP and Owl Creed Asset Management LP, filings show.

WaMu, based in Seattle, filed for bankruptcy on Sept. 26, 2008, the day after its banking unit was taken over by regulators and sold to JPMorgan Chase & Co. (JPM) for $1.9 billion. Washington Mutual Bank was the biggest bank to fail in U.S. history, with more than 2,200 branches and $188 billion in deposits.

The case is In re Washington Mutual Inc., 08-12229. The warrants case is Broadbill Investment Corp. v. Washington Mutual, Inc., 10-50911. Both are in U.S. Bankruptcy Court, District of Delaware (Wilmington).

To contact the reporter on this story: Steven Church in Wilmington, Delaware, at

Sounds that way to me....and the wait goes on.

http://www.bloomberg.com/news/2011-06-08/wamu-delays-bankruptcy-hearing-to-complete-shareholder-deal-1-.html

Thanks, i'm still getting up to speed...

Everyone keeps mentioning how great the WSJ article was, but what about this part?

How can this be good?

"No wrongdoing by the hedge funds was proved by the investigation ordered by Judge Walrath. Appaloosa and Centerbridge, as well as Aurelius Capital Management and Owl Creek Management, were ordered to divulge trading records and answer questions from lawyers for common shareholders."

give it up already... cdiv = pos


Where's the guy who created the "I got Monked" t-shirt? He should sell those, could probably recoup some of his losses...

maybe he could have eigh sell them, lol

Nice! :) - Have Monk and Mel fill that out while you're at it!

...couldn't find pics of those

well played....

although air raid sirens are often too little too late.

I'm sure you've all seen this, but just thought I'd share the nice house that we bought monk.

http://www.trulia.com/property/1062611164-3123-N-82nd-Way-Mesa-AZ-85207


fyi - This is public knowledge if you read the case #

You nailed it....

IF everytime an alarm went off a burglar was in the car.....

problem is, it isn't everytime, and we start to tune it out.

not quite....

Your message is more like a car alarm. When they first came out, people took notice every time they went off. Now when you hear them people don't even think twice about it because you hear them all the friggin time.

They might mean well, but they don't work

preach on Sid...couldn't agree more.

It's how you do it and how you come across is all

I would sure like to meet Monk....just sayin

I wonder how well his website is doing now?

Does Steve go by ucheckiraise on IHUB, is that the same guy? I know he wanted to start a class action awhile back..

good, I hope he is bled dry of everything he owns.

I am way out of it...Who's Steve Roth?

Is monk in jail yet?

http://www.bloomberg.com/news/2011-05-25/ishares-silver-trust-holdings-decrease-144-metric-tons-table-.html?cmpid=yhoo

Is this relevant to anyone?

TIA

http://ih.advfn.com/p.php?pid=nmona&article=47634314&symbol=GRNO



A new key piece of equipment.... I hope it's a magic wand

good pointy..lol

Every couple months someone come here and preaches new rules will force a short cover and it never happens...ever. and it never will.

This is a POS, period.

nice try

They were compensated $15k for that press release... figures.


I like runs, but only when it's on the companies own merit, not some pump... now it's going to heead back down and people will be left holding. nice.

Ouch! this hurts too.

October 31, 2010, $384,000 of notes payable and related derivative liabilities were converted into 109,714,281 shares of common stock.

I stopped paying attention a couple months ago, does anyone mind giving me a quick update on what has been going on?


TIA

coming off? the wheels have been off and the car has been up on blocks for awhile now.

time to realign the portfolio and put this in the hope stock section.

777stocks.com is pumping it.

thank you ;P

Stalemate right now.

Everyone is waiting to say, I told you so.

will do.

now maybe you should focus on a stock you are actually trading then...

- words.
- when you string them together, they make a sentence.
- multiple sentences contradicting eachother led me to that.


glty

you sir are a compulsive liar...


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56635509

that doesn't even make any sense