Nothing new. The judge has been corrupt from the beginning.

I think that Is correct. My guess is $4.18 for commons

We might get a short squeeze?

Ok something is happening now. thought this was just speculation prior to to the weekend.....but this is moving up to quick for that. Not sure what it is???

Maybe they just want to be in prior to the weekend just on the slim chance something happens.

Great point! When AABA gets involved they play with the stock.

They are really good and keeping this down.

That is because we have been let down to many times before. I honestly feel that this one is different.

We might not know all the answers right away, but the end of this long process is coming to an end this month.

There have been so many different values being tossed around it is confusing and I guess not wise to guess anymore. Myself included.

Just hope that we see something positive after tomorrow and move towards a valuation of assets finally.

Thanks For the info.

Docket # 7801 and # 7802 still missing. This would have been filed on May 23rd. Those two could hold some answers to our questions.

something is going on now?

My guess is $4.18 for commons.

Has anyone else noticed that Docket # 7801 and # 7802 are missing from http://www.kccllc.net/Docket/SearchResults.asp
It would have been filed between May 22nd - 23rd the days before the official announcement of an agreement.

I think we have seen the bottom of the day. imo

Quick Gap filled. Up to .25 - .30 now!!

I would agree with you that not yet. Just hoping that it will happen soon. Will try to hold my excitement until it really happens.

I had the same thoughts. Been here for a few years and remember that run about 3 weeks later. Will just sit here and wait.

The commons will survive. they made the announcement last week that the shareholders will have control of the new company. A deal is in the works and details will be announced in the comings days. There is much speculation of what will happen with this new company but from the looks of it they will buy/merge/ or be bought out by another.

There is estimated tax breaks from $7 billion + from the last few years. JPM can not claim these tax breaks, but the new emerged company can. Then I can see someone taking over this emerged company with a great deal of value.

I bought this prior to the bankruptcy and have been averaging down ever since. Happy to say that I finally in the green after the past week, but still does not make it right how this company was taken down. I will be happy with a share price over a dollar, but only because I'm tired of the pain after 4 years.

IMHO - This is my take on what can happen.

Have posted this about 6 months ago, but have revised on new information:

Getting screwed by JPM/FDIC = current price to $.20

Slap in the face = $.20 - $.70 / share

Pocket change for JPM = $.70 - $1.50 / share

Amount that JPM will pay it current shareholders in a dividend that should belong to WAMU = $1.50 - $2.00 / share

Somewhat happy = $2 - $3 / share

Happy = $3 - $5 / Share

Fairly excited = $5 - $8 / share

Excited = $8 -$12 / share

If we used real numbers based on A>L = $12 - $18 / share

MY guess is $4.18

.164 - Gap has been officially filled from November now.

D day is June 6th........

The number of outstanding shares of the registrant’s Common Stock on May 9, 2011 was 65,770,910.

Short Squeeze

I have been in this stock for a few years now and that is what I was scared about. But this time looks different. Not sure what the outcome will bring, but hope for a buyout offer from a large tech giant.

I agree!! These patents are worth much much more.

On the low end imo it is worth $250 million = close to $4.00/share

On the High end these patents can be worth multiple billions = $15.00 a share +++++

The MM are trying so hard to keep this down.

I agree. And if JPM and JD want those tax breaks so bad they will have to buy the NEW Re-Org company for $10 Billion Plus.

Short squeeze coming

7th plan coming!!!

The MM are trying to take this down again. Damn crooks.

Looks like the mm have put up a wall at .10

That is so funny

Close strong today and gap up on monday.

My hero.....

http://www.susmangodfrey.com/?id=146

Would not be a good weekend to be short either.

All you SHORTS better start to cover really really fast!!!

http://www.bloomberg.com/news/2011-05-20/wamu-said-to-settle-with-lenders-shareholders-on-post-bankruptcy-control.html

Washington Mutual Inc. (WAMUQ) and its biggest creditors agreed to settle a fight with shareholders by giving them control of the company that will emerge from bankruptcy, two people familiar with the proposal said.

The outline of the deal includes $25 million for a litigation trust that would bring lawsuits to collect more money for shareholders. In return, shareholders would drop allegations that hedge funds who own $2.54 billion of WaMu’s debt used confidential information to guide their investments.

Shareholders are among the last opponents to WaMu’s reorganization plan, which would pay more than $7 billion to creditors, who are mostly unsecured note holders.

Details of the proposed settlement have not yet been decided and the deal could still fall through, one of the people said.

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, U.S. Bankruptcy Court, District of Delaware (Wilmington).

To contact the reporter on this story: Steven Church in Wilmington, Delaware, at schurch3@bloomberg.net Linda Sandler in New York at lsandler@bloomberg.net.

To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net.

WaMu Said to Settle With Lenders, Shareholders on Post-Bankruptcy Control