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I believe Rosen is in for a rude awakening come Thursday when the Judge hands him his head. I believe we will see a completely different side of this Judge. She will be much more forceful and condescending to Rosen and make it perfectly clear to all that she is not kidding around with mandatory settlement by “ALL” parties. I think you will see her get back control of her court Thursday. This is just my opinion for I have not given up on the Judge.
Notice of Agenda - October 6, 2011 @ 9am.
http://www.kccllc.net/documents/0812229/0812229111004000000000001.pdf
Rosen did us a favor by filing Confirmation of Modified Plan today. Rosen again shows his disregard for respect for the Court. This now gives THJMW the opportunity to put Rosen in his place and be more specific as to what she meant by mandatory mediation and exactly who and what areas that mandatory mediation involves. I believe she will do just that and also verify that the mediator will be replacing Rosen as far as running the show.
This now gives EC the opportunity to clarify their position and explain fiduciary duties that were broken. I would also like to see a Modified Plan submitted by EC. I am looking at these filings as very positive and again shows Rosen’s contempt to follow the courts wishes.
I agree with your comments 100%. That is why I am overloaded with Preferred at the present time and carry a much smaller amount of Common. I believe Preferred will receive a good cash settlement and perhaps additional Preferred Common in the NEWCO to allow more cash for NEWCO.
The time to load up on Common stock will be after NEWCO is formed and dilution takes place. An investor can do fine in both Common and Preferred but the Preferred will make a greater return with less risk.
Clawmann I agree with you on this settlement. This is just a way for them to save face and make things work. Settlement still in the making. That's my take.
Excellent article that favors WAMUAQ in settlements. Everyone should take a few minutes and read this article by Troy Ricki.
SEC May Recommend Legal Action Against S&P!
Link for those interested.
http://www.cnbc.com/id/44668294
First we get the four hedge funds and through their depositions we then go after JPM which opens up the FDIC to lawsuit and Congressional hearings. Called the inverted waterfall or trickle up effect.
First we get the four hedge funds and through their depositions we then go after JPM which opens up the FDIC to lawsuit and Congressional hearings. Called the inverted waterfall or trickle up effect.
The interesting part of this chart shows that Growth Fund of America by far is the largest holder of WAMUQ and WAMUQ is one of the funds largest holdings. Interesting that Grownth Fund of American has held steady with WAMUQ but did liquidate ½ of their holdings in JPMorgan Chase recently.
http://www.mffais.com/stock-owner/growth-fund-of-america-inc---growth-fund-of-america-inc.html
Up almost 13% from last Wed. Today's close at $.08. I own a lot of stocks and WAMUQ is up more than the others in the last 8 trading days. We will be getting our POR in our favor.
Sep 15, 2011 0.09 0.09 0.09 0.09 8,383,600 0.09
Sep 14, 2011 0.11 0.11 0.08 0.09 30,012,300 0.09
Sep 13, 2011 0.07 0.07 0.06 0.07 1,580,200 0.07
Sep 12, 2011 0.06 0.07 0.06 0.07 2,485,600 0.07
Sep 9, 2011 0.07 0.07 0.06 0.07 3,659,100 0.07
Sep 8, 2011 0.07 0.07 0.07 0.07 1,820,500 0.07
Sep 7, 2011 0.07 0.07 0.07 0.07 1,215,800 0.07
Sep 6, 2011 0.08 0.08 0.07 0.07 1,514,400 0.07
Great audio, everyone should listen to this audio, especially investors that think Judge Mary Walrath is not helping common shareholders.
Colorable Claims Definition!
A plausible legal claim. In other words, a claim strong enough to have a reasonable chance of being valid if the legal basis is generally correct and the facts can be proven in court. The claim need not actually result in a win.
that which appears to be, or is seemingly true, probably valid or believed to be genuine.
Great News. We were expecting this good news but is still a relief. Thanks WithCatz!
And not one single trade for the past hour. Interesting.
Germany now up 10%. Nice to see our neighbors across the pond believes.
http://kursdaten.teleboerse.de/teleboerse/kurse_einzelkurs_uebersicht.htn?i=126330&zeit=0
jackfburns,
It is obviously you have me confused with another poster or just had a bad wet dream about Rosen. If you can find just one of these many post #’s you refer to please share with everyone were I state; “I am done posting until after a decision by JMW has been rendered - as I have said so many other times in the past.” Your statement is not true and normally if would simple let it slide but calling someone “Rosen” is not very dignified on this board for anyone.
Not that big of deal and that being said I do enjoy most your past posts, as I do so many other WAMPQ and WAMUQ supporters. Thanks to everyone for keeping the message board based upon fundamentals of how settlements and/or court cases can and will affect our share prices going forward.
Good Luck Longs!
Chiron,
That is one of you best posts. I did get a kick out of it. Good luck with your investments. We are all hear to see justice and hopefully make a few along the way.
It was reported Irene came through the storm just fine.
MrchntDeth, you are posting fine. Main thing is to post if you have something important to say. I appreciate your thoughts.
Thanks Catz for your insight on how the hearing went. I to am very pleased with the evidence presented and the Judge will rule on this evidence. I appreciate all your effort and sincere presentation of your views. Looking much better for us longs!
Voodoo, here is your guy talking about asset list. What is the total worth. Can not confirm plan because law requires everyone to know equity in a BK. Getting better every minute.
His point is this plan is a liquidation plan and not a reorganization plan and the Judge has limited jurisdiction. May be testy but I think this guy is going to make the Judge start thinking about following the Supreme Court rulings. Judge is restricted to her bankruptcy jurisdiction only and lacks jurisdiction on types of litigation. Good for him.
EC was deprived of intense discovery on securities transactions. EC had no access to why they were trading through discovery of non public information. Parker is setting up for an appeal to higher court it needed because of this courts lack of agreeing to discovery. It will not be because this judge will turn down this settlement. Parker is doing a great job!
I lost connection. Just reload. Listening now.
I heard him say Owl Crook instead of Owl Creek. To funny. Looks like his sub conscious kick in.
2b will put P's and common in the waterfall. This will be just the start. Over all everyone has to admit the hearings are going exceptionally well for us longs.
"Ethical Wall" is in place is now what the Judge is saying. I am really liking what I hear.
YES!! "Equitable disallowance" is what I think is on the Judge's mind.
Looks like a long night for some.
Dimon says JPM bought Washington Mutual because they wanted to. JPM never bought Washington Mutual but instead decided to steal the bank with the help of friends at Federal Reserve.
Good Post. Thanks
Vic, I don't blame you for not wanting to watch Jamie on CNBC. Take this time to watch the Keiser Report if you want to see the future of WAMUQ. Second half is the most interesting part. Forward to 13:26 and start watching. I found it very interesting and you might also. Good Luck.
JPMorgan Chase CEO Jamie Dimon
Live on CNBC at 11a ET. this morning.
PP droped 5% on trade of 5,000 shares @ $.10 a few minutes ago. Unbelievable.
I have been reading the thread. Looks like a major asset of JPM. Perhaps purchased with our money.
Thanks again Irene for all your work. Good luck to you.
Dorothea's last question on his knowledge of short positions by anyone might come back to halt him if this goes to DC.
Estate value being talked about now.
35% for NOL is reasonable. She is simply taking the tax tables and applying a percentage. In a little over a year the percentage will increase when Bush's tax cut is not renewed.