current
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
barefoot123, this is excellent that you brought this up because my wife and I were in court that day to listen to her say this. To Catz and others who wonder why I still have a high valuation ($20.00 a share if it trades again) and the high valuation is NOT necessarily hidden assets but undervalued assets such as the NOL's and other.
I will repost because this is so important and beautiful that this lady from Blackhorse said this. I can attest this to you because I was there, that the court room went very eerily silent when she said this and of course Walrath pushed through this and got her off the stand in the true meaning of ASAP!
Ms. Lonstein from Blackhorse.
And what's interesting about this plan is that it
13 provides for senior creditors owed billions of dollars to
14 choose to take stock in an ostensibly 100 million dollar
15 company, okay, instead of cash. Why would creditors owed
16 billions of dollars take stocks in 100 million dollar company
17 instead of cash . There must be something valuable about that
18 stock.
Catz, more than likely there is the undervaluation of assets such as the NOL's. We all know there was far more NOL's than the Criminals were letting us know. More than likely, if there is going to be a real business going forward, the value will come in time (6-14 month time frame) as apposed to overnight. If there is a huge undervaluation of sorts, then the Criminals have to wait at least six months and a day to make it even more difficult to bring some justice. Once you get past six months and a day, there is direction that will be coming from SCOTUS soon. Valuation can also come from C.O.D. which is in the filings and this could be huge.
http://en.wikipedia.org/wiki/Cancellation_of_Debt_(COD)_Income
In most cases it would not matter much as money would have been dispersed and equity cancelled, but in this case some of Equity will survive and when fraud is proven, challenged, the case can take another huge turn against the Criminals. I am not sure what our side has planned if anything, but I know that crimes cannot be just extinguished with Walrath's signature IF CHALLENGED post confirmation.
http://www.susmangodfrey.com/content/inline-images/attorneys/Documents/EHAR_-_Discovering_Fraud_Post_Confirmation.pdf
I say if this reopens anytime soon it will open at $20.00 dollars a share when Special K. figures out a few more true valuations. According to the filings, NONE have been done and only using numbers from Special K. who cannot remember yesterday because during chapter 11 he never took his medicine. Once he starts taking his medication on 3/8/2012 and maybe within a few passing days, weeks or months will the medicine start to kick in.
He then will suddenly realize those valutions were never done and he needs to value them ASAP. Then the valuations will come to at least $20.00 a share value. Now this could happen within a days, weeks of 3/8/2012 or up to seven months IMHO, but it will happen. This is all assuming do NOT have a FORCED buyout of some sort before the listing which is what I am afraid of. Something like five to ten dollars a share.
Reorganized WaMu!
Wow, constant deflections of value, future worth or anything that has to with the potential. All this mess is the constant “cover their @ss” statements. Must be hiding a whole lot or all of their constant deflections would not be necessary.
• No appraisals
• No verification of projections for reorganized WaMu
• Blackstone assumed Special K’s figures-again no verification
• Blackstone assumed, relied all information given to it but verified nothing
Again all this tells a person with common sense is “where is the sausage” you appear to be hiding as I can SMELL it and almost tell the flavor. To me this smell is of large amounts of value which through my common sense deductions means the smell of money growing on steroids!
http://wmish.com/POR/DS/amended1/D.pdf
Monica, Mary Corrupt Walrath was partnered with Rosie from the beginning and there is no going back. Unfortunately, this woman is bought and paid for by the CRIMINALS and a lepoard does not change it's spots. Unfortunately, I was on to this corrupt court long ago, but I never thought it would be this open, blatant misrepresentaion of the court and go on so publically as to rub in the public's face, at least for those of us who know.
The reason I have stayed in is, I always thought this was bigger than this court and there would be some form of settlement. To that extent, I have been correct but to the extent of how much and was/is it worth it, remains to be seen. As I have said, due to their hiding, misrepresentation, hiding, redacting and more, i feel VERY good that there is more than meets the eye.
upper, you said "It is about time someone makes a statement, our honorable judge could write history".
I would like to know where you could find as much as a half an ounce of "honor' in this corrupt judge who is doing nothing except openly committing crimes of aiding and abetting bankruptcy fraud, misrepresentation of the Estate, minimizing the Estate value and of course I could go on and on. This judge is worse than terrorists and should be treated accordingly!!!
Monica, I cannot answer the questions but I can fill in some blanks based on actions. That being said, if there was/is truly nothing there,there would be ABSOLUTELY no reason to go to the extent these CRIMINALS are going to hide, redact, mislead, misrepresent and more. Quite frankly, with them going to this extent, all of their actions make me feel VERY good!!!
Monica, more than likely the reason Mary Corrupt Walrath is demanding that Rosie have a signed document is because she is signing the POS POR and nothing is getting in her way. It is possible that she will even make a "bench" ruling as the timeline is so narrow. She cannot approve the POS POR without a signed agreement between them first. Just another action that points to what this corrupt court is planning on doing!
Clawman, your point of view is very interesting. Do you see JPM/FDIC making any sort of deal with TPS before chapter 11 exit to secure releases?
clawman, unfortunately you may be correct. If this case does not deserve one form of "Writ" or another signed, then there is no case in history that would deserve one signed for this stay in order to pursue some form of justice with multi billions at stake!
The play TPS has just started so do not count them out...YET!
Most people think this is over and quite frankly the true ending may just now be starting. Read on about an emergency appeal and the “Certiorari” and you will find like I have that this play is just starting. They had to go through the channels and with Walrath and Sleet aiding and abetting this bankruptcy fraud in the “wide open” as if people have absolutely no rights, then one would have to assume TPS has some connections in SCOTUS. However, that card could not be played but between now and the next two weeks, it can be played.
http://www.judiciary.state.nj.us/supreme/guide.htm
http://en.wikipedia.org/wiki/Certiorari
I also have no doubts that the CRIMINALS will not let it go this far and even if JPM/FDIC do not make any deal with TPS, then they have to worry about down the line because I highly doubt TPS who has deep pockets will accept pocket change at this time. We have many things in play in order for this corruption to pass and we may even get some media attention this time. When it comes to BIG MONEY, it is always at the very last moment when deals are made such as on the eve of 2/16/2012 or the very day of 2/16 when they make their side deal for releases. Folks this is more about criminal releases for the future than anything else at this point. I say there will be some form of deal that will no doubt help Equity immensely before Mary Corrupt Walrath can sign the POS POR!
radium, I think you are missing the point. Yes, JPM may have deeper pockets, but JPM cannot afford to lose this deal with a "stay" being issued or an eventual jury trial with TPS that would be virtually impossible for them to win.
So if there was ever a time for them to truly make this go away, that time would be between 2/10 and 2/16 21012, thus being a windfall for equity with less debt or more assets for the Newco!
Here you go - TPS
Testing patience stayed. Look for the CRIMINALS to settle with TPS between 2/10 and 2/16 2012 or TPS just may have the connections to get this mess "stayed" and I would love nothing more than to see these greedy Bast**ds make a huge mistake by this travesty blowing up worldwide!
One way or antoher, TPS has to be satisfied as they have the "deep pockets" to take this to SCOTUS and believe me, they will. I look for Newco to have far more than anybody recently has even thought of...stay tuned this is going to get even better!!! I will be on to much larger and greener pastures, so see ya on the other side.
Hey Gomer, today is 3/1/2012-What we do now?
Wow, one has to really love that article about Newco. It is about a vague as everything we have been told before. How many lies, what are they hiding and what is Newco REALLY going to do? Interesting, anybody who thinks we exit chapter 11 on 2/29/2012 and then all of a sudden, “well Gomer what are we going to do" post chapter 11 now that it is 3/1/2012? Do you have a plan or what are we doing? Does this sound strange to anybody or very good? Obviously, the way I think and the way these Criminals operate, this is extremely good! What is the big secret and what is the hidden agenda? There is no way these people do not have a business plan in the way they fought for this Newco and not to mention I did NOT read a word about TPS's 700 page report filed on 2/3/2012.
The article talks about billions upon billions of dollars but yet this company is only worth a sliver. This is pretty amazing and no doubt that JPM legal department has to read everything before this slanted news organization is able to print it regarding WaMu. Think about TPS for a minute and even though they filed a 700 page filing on what the law says and basically directing this court to what their intentions are, there is nothing in this slanted news article about how they could get this stayed. There is no doub,t TPS has connections also, so look for this deal to still go through on the aforementioned dates, but there IMHO, will be some huge twists coming. I look for TPS to get this mess “stayed” but JPM/FDIC cannot afford to let this deal slip away even if they have to “pony up” assets and cash to the tune of possibly billions of dollars in cash, stock or assets. This is far from over as a “sliver” of the previous company going forward. One way or another, we are in for very profitable and exciting times in the next several months.
I also feel the real reason the real negotiating by TPS is not done yet, is JPM/FDIC wanted to wait until all of the shares were past the date (2/9) to be eligible for the reorganized shares to prevent runs in the old equity. Look for the "REAL DEAL" by TPS and directly being very positive for the Newco going forward. Look for the serious negotiating by TPS and the FDIC/JPM to be between 2/10/2012 and 2/16/2012 and this deal to still go through as planned!
Dragon, you are wrong as this will NEVER convert to chapter 7 due to the CRIMINALS can not get releases in a chapter 7 liqidation.
JHD51, unfortunately, like some others pointed out that all JPM/Rosie is doing is keeping everything up to date at the expense of the Holding Company as long as they can for JPM.
A Goliath getting ready to awaken?
I suggest reviewing this billing filing by Perkins/Coie and you will see many interesting actions taking place.
To me, this does not suggest a small company by any means, more like a huge goliath getting ready to awaken after a long almost four year hibernation!
http://www.kccllc.net/documents/0812229/0812229120203000000000002.pdf
PDF 24/58 revise trademark deadlines continued fee application renewal, revise/finalize trademarks
PDF 24/58 review ownership patents, review pending trademark matters
PDF 24/59 review/attend conference Iceberg Innovation Capitol Limited.
PDF 24/59 review current and prospective ownership interests in patents
PDF 26/59 review washingtonmutualbank.com domain and other
PDF 26/59 many buy smart marketing slogans and other
PDF 28/58 a lot blacked out her referring to settlement issues and other
PDF 29/58….Conference with XXXXXXX about potential agreement
PDF 38/58 Settlement agreements/payments and Attorney/Client privilege all over the place
Wang, I want X and X is what those Horsies wanted when I was at one of the hearings early on when the Blackhorse attorney stood up and said "why in the world would they turn down all of this cash for a NEWCO share's when the NEWCO is only worth 75 million"?
And of course the corrupt judge just sat there with her finger up her *ss and said nothing. I go on people's actions and I want that X and now I shall have it along with the Criminals!
Wow, you are in for a "life changer" in one form or another, so I will take the positive route and say there will be LARGE GREEN by the end of 2012!
jmac, very simply put is I believe one's actions are far more telling than anything else one can do. The Criminal's actions proved to me there was "more than something" long before they knew equity was going to be a serious player and they wanted that "something" in the NEWCO REALLY bad.
Now nothing has changed other than their original plans being delayed about two years. What ever those Criminals wanted that bad, then so do I only legally. There will be FAR more than meets the CURRENT eye and you can take that to the bank!
Equity prices are telling something?
Now, one can easily say the market is telling you the NEWCO is worthless and many other things. Let’s look at what the Horsies said about getting their thirty pages of insider trading guilt wiped clean. They said plan would fail without these thirty pages being totally omitted. We know Walrath cannot approve this without getting higher court approval due to this already being appealed. Will they actually set precedent in Delaware bankruptcy court history? I do not think even they want to approve this and bring unwanted SCOTUS attention to their ongoing Delaware scam embarrassing the entire Judicial System. We know where TPS stands and they will stop at nothing on their agenda in pursuing a “stay” of this mess.
Also I know that if fraud can be proven and other illegal actions post confirmation, actions can be taken in order to make right. This could be a stretch but this whole mess has been along three year stretch of corruption, fraud and more. Could this be the reason the EC made a deal with some equity intact and get out of the Delaware court? Without making some sort of deal first, Susman and equity would have been totally “moot” so he made the deal before chapter 11 exit and who knows if he will pursue after the fact as he has 180 days post confirmation to turn this mess around if that is in fact this a course they are going to pursue. All I know is I feel strongly that there will be a major “twist” before this mess as exits Delaware.
http://www.susmangodfrey.com/content/inline-images/attorneys/Documents/EHAR_-_Discovering_Fraud_Post_Confirmation.pdf
Exigent Circumstance-Just who was the savior?
Being a pre/post WaMu owner of securities, I had very positive thoughts about TPG/Bonderman’s group early on, however that changed as time emerged and now I almost have come full circle. I always had very bad vibes about our Judge the day Joseph McMahon came into the court room with “exigent circumstances” and wanted an equity committee appointed due to how the Judge snapped at him during their first court room discussion. I knew then there was something wrong with this Judge, because I listened while McMahon was conversing with the Judge when she snapped at him about who was/is in charge. Of course, the Judge had to let McMahon have his way or it would have become way to obvious early on where this Judge stood if she was going to go “toe to toe” against the U.S Trustee about potential Estate recovery.
http://www.ciardilaw.com/joseph-mcmahon-jr.asp
As time went on, I changed my mind about TPG/Bonderman as it appeared he received payment in another way as we never heard a word from him and then in the fall of 2009 Bonderman resigned from the WaMu board. I used to think if he had this many commons, there would surely be a recovery of some sort. Then it looked like he sold us out but when nobody could find where his group sold all of these shares, nor could anybody prove he still had his shares which was very confusing. I want to give Joyce and others all the credit for the equity committee, but I find it hard to really believe we got the U.S. Trustee to act for lowly retail shareholders. I really want to believe that, but I feel there was some much larger-more important entity or figure that achieved the “exigent circumstances” and to me it would have to be somebody of TPG/Bonderman’s Texas connections or something similar in power and high profile with connections.
Here is a post from Bbanbob on Y discussing TPG/Bonderman equity.
Yes and or with their Common Stock 228,571,428 13.4% one would not need many more like that to carry a quorum in a vote once this becomes NEWCO to take it private either and pretty much at whatever PPS they cared to afix to the vote.
OH and do NOT FORGET this is OLD and COLD votes too.
If the 27 hedgies under JPMC have just bought 2% each or 34,000,000 or 1.7 mill $$$ (CHUMP CHANGE) they then control any votes moving forward in newco.
Hope for the best but always plan for the worst.
Leopards and spots.
I am still here , so that in and of itself should suggest that I still hold some hope,but it also requires ME to be able to get my arms around SNH's liking us enough EHEHEHE to let us come along for the ride with them.............
Are you there yet?
Now the multibillion dollar question, is TPG/Bonderman our true allie (s) or did they short the common shares early on and then change when equity came into the picture? We may find out soon if Bonderman or one of his cronies is put on NEWCO BOD and of course who they nominate for NEWCO C.E.O. I feel they are waiting to announce these positions as this announcement could have driven up equity prices considerably, thus bringing much unwanted attention and messing with their NEWCO share formula. I think we are in for positive and exciting times for NEWCO during 2012 and beyond!
umaw, you are correct but what I was eluding to what the SEC and high Government officials looking the other way, while all of this corruption becomes, unfortunately, the main stream of how business operates.
JM, yes, I was suggesting after 2/29 or emergence and I hope this does not happen but these people will stop at nothing to screw retail over. While this may seem like a large offer from those that have been trying to steal it, many may would go for it through a "Private Placement" of some sort. Knowing how much Hegge Funds hate retail, they will stop at nothing to get rid of us if at all possible. So far, everybody including me has been wrong, but if one and thinks like these criminals do, then one my get close the the exact action that will take place.
http://en.wikipedia.org/wiki/Private_placement
Post 2/29/2012-Offer will be made to keep NEWCO private. No public listing IMHO!
There is no doubt how so much wealth is made by so few people and NOBODY and I mean NOBODY gambles with hundreds of millions to billions of dollars by buying distressed debt without inside information. Come on folks, just think about that statement for a minute and stop and realize what has been happening in the financial markets since 2008. There is no way ANYBODY with any common sense would gamble with that type of money in a bankruptcy court unless they were privy to advance non public, material information. I agree whole heartedly with Bopfan regarding the CRIMINALS wanting to keep this non public and under the radar as much as possible. Anytime one is doing something against the law, one would not want unwanted, public attention to a scam that has been going on for decades.
All one has to do is listen to Parker Folse’s testifying in court that day about how this case went against everything the law stood for when he was nailing the Hedge Funds on insider trading. I will say nothing more about what more than likely will happen other than to say Bopfan is more than likely correct about the CRIMINALS wanting to keep this private and I will take it one step further and to look for a small but serious offer of $5.00 to $10.00 dollars a share. The reason I am saying it will be this much, as they will not want to bring very much attention and they will want it done fast, so they will not low-ball too much. I will post this link to prove Bopfan’s point and why I say look for an offer very quickly post chapter 11 exit. I suggest reading about this information and you will realize how corrupt and paid off the SEC, U.S. Government and other top government officials are as they have repeatedly allowed this Madoff style of corruption to flourish.
http://en.wikipedia.org/wiki/Harry_Markopolos
A QUICK QUESTION - IS FSSHON still here?
Clawman, I agree with your assessment completely. I will take it one step further and that being the only way this plan will not continue will be because of TPSC who IMHO, will stop at NOTHING to get a "Writ of Mandamus" signed by a higher power to "stay" this mess and this COULD be SCOTUS before this travesty is confirmed.
Regarding ONLY FIDELITY clients:
Just received a return call from Kurtzman Carlson Consultants who said a third party by the name of Broadridge was hired by Fidelity. They are sending out the ballots and they will have instructions along with an envelope. I corrected her and said people have received some ballots but no envelopes. She would not give her name but was helpful with this new information. Broadridge was apparently hired due to the overload.
They have just sent them out and we will be receiving them this week. There is no way to contact Broadridge, one will have to call Kurtzman Carlson back at 888 830 4644 if you do not receive any ballots and again this is for Fidelity ONLY as far as I know at this time.
I was told they sent out some material BUT the BALLOTS were NOT approved by the court to send out and that is all I know currently!
Fidelty says ballots NOT APPROVED to send at this time!
I just spoke with Fidelity Representative who called their reorganization department who said SOME mailings were mailed BUT the ballots were NOT sent because they have NOT received approval from the bankruptcy Judge. Something is very wrong and of course Rosie more than likely has been misrepresenting this case again!
If TPSC is succcessful at getting SCOTUS to issue it, I think it will go down to the very last day and inlcuding confirmation day or very close to that. I am not saying it will happen, but I believe it is ENTIRELY possible. Lets face it, this Judge is not all that powerful in her acsending line of power.
The way she has flipped the finder to SCOTUS, I would think somebody or several people has their egos ruffled. This is just my experience with humans, being what they are. Look at it this way, a Judge could be equal to a C.E.O. and we know they can have their feathers ruffled if and when rubbed the wrong way!
We are at a crossroads so will there be a twist? Entirely possible!
Here we are at what most people think is the end of the beginning and/or the beginning of the end in total. I always judge by one’s actions and the original actions in this case was to cancel equity, emerge from chapter 11 in eight to fourteen months. Of course, with all of the stolen goods intact and to go on with a little biddy company that was on no one’s radar which would have exploded in value after a confirmed plan - plus six months. Being a pre and post owner of WaMu securities, I have followed this intently from September, 2008 till present. There have been many twists and turns but this plan has not gone even close to the CRIMINALS original plan.
We have been saved by many events that should have shut us out early, only to be rescued what seems to me by impeccable timing, luck or is there something more? Somethin that has been forcing these so called ‘happenings” which always seemed to be in the nick of time. Actions like the President signed into law the Worker, Homeownership, and Business Assistance Recovery Act of 2009 (The Act) which immediately put an extra two billion dollars into the estate (signed into law 11/17/2009) that rattled the CRIMINALS. We now know that Rosie was going to introduce the plan that zeroed us out around the Xmas/New Year Holidays in 2009. But before ole Rosie could zero equity out, Mr. Joe McMahon showed up with “exigent circumstances” in mid December 2009 that forever changed the course of this case.
http://www.mckennalong.com/news-advisories-2217.html
Now we also know that there have been many happenings such as the aforementioned so I will not go into anymore other than to say it was only within the last six weeks that we knew equity was not going to be zeroed out under this current plan. Again, saved by the bell but much led up to this point. We have seen TPSC who is relentless and will not quit who also has very deep pockets. We also know that TPSC did filed a “Writ of Mandamus” with the Delaware court which Sleet denied. Now with only four weeks left before confirmation of this plan what will be next?. Without any doubt TPSC would have already known Sleet’s result and probably proactively filed the emergency “Writ of Mandamus” with the next level as soon as Sleet leveled his opinion and they will more than likely have to rule within two weeks which leaves about two weeks left before confirmation. Maybe just enough time to get the “Writ of Mandamus” to SCOTUS just in time for them to make a ruling. This of course, assuming the higher Delaware court will offer the same corrupt results as previously.
http://www.mediafire.com/?p5b2wlipsdupa9r
This is where it will be very interesting. I have no doubts that TPSC will continue their vigil and rightfully so. I have no doubts the Stern ruling was a result of the Kmart mess where there was another outrage of bankruptcy fraud by cancelling equity. Once they exited bankruptcy court, issued new stock and then all of a sudden this mysterious value from the land Kmart owned rose to the top sending their newly issued shares in SHLD to a eighteen month post bankruptcy high of $187.00 a share.
There is a huge push to force companies who file chapter 11 to do so in the state of their primary business to control some of this corruption in Delaware. My thoughts are there has to be some people in the land of jurisprudence who was outraged at the Kmart mess and Delaware that want to do the “right action” and MAY have their hand out in hopes of this “Writ” making its way to SCOTUS just in the nick of time. Well do you believe in YET ANOTHER COINCIDENT or is it just another happening? Then we have this very interesting filing by a European who with no doubts is trying to tell the Delaware court system something and is this something like do the right action or your plan will not succeed? Time is very short and will tell very soon. I say this travesty has YET ANOTHER twist left!
http://www.kccllc.net/documents/0812229/0812229120120000000000003.pdf
Uzual, I thought this was fantastic and don't you know Rosie will laugh his *ss off at this. All the while knowing he has a bought Judge, court, media and more to cover this multi crime ridden saga over permanately and for this country to call somebody like Cuba, Mexico or other corrupt is just pathetic!
Her reply, Well OK then Brian!
Catz, great information you have been posting and thank you. You are CORRECT in that Fidelity did send information out WITHOUT promting.
Our imminent “Golden Goose” will NOT be beheaded through a merger!
I am getting very comfortable with our current situation as much as I despise this corrupt Judge who has presided over multiple crimes by aiding and abetting bankruptcy fraud, unethical behavior, gross negligence, overwhelming conflicts of interest and much, much more. It is very sad to see we that we have been here forty months. We will probably exit chapter 11 in our forty first month with no real evaluation, multiple items under seal and enough corruption and fraud in one case to last a court many lifetimes. Well so much for that “dead horse” that I and so many others have beat to death, only to be out done by Rosie who has committed perjury, contempt of court, malpractice, bankruptcy fraud and so many more countless illegalities to make one wonder if there is REALLY anything at all that is illegal in the Delaware court system!
Now for some positive actions, thoughts and reasons to believe we will be “golden” going forward. If one truly remembers the first POS POR that Rosie put together and the main ingredients which called for equity to be cancelled also called for new stock to be issued at $25.00 a share to people who owned at least two or three million dollars minimum of WAHUQ securities. The number of investors would have been small enough to where they would not have had to file the normal SEC requirements and could be under the radar of governance. With that said the same “Hijackers” formally called Hedge Funds would have stolen this little company worth untold billions but fortunately they were caught and now these same Hijackers have to include equity. Never the less, these same criminals will be on to printing money with our new company and quite frankly, I just as soon as them be large owners as they really do know how to make money whether it is legal or not.
I have no doubts this little company will be on to fortunes very soon. Keep in mind, DO NOT expect much in the first six months and a day. This is because up to six months and a day from the date of a signed confirmation, these criminals can be forced back into court for hiding assets, fraud or any illegalities that were done through the course of this bankruptcy. In order to be safe they will not reveal too much of what was stolen until AFTER six months and a day from confirmation and a new stock listing may be timed to this six months and a day time frame. I DO NOT expect a merger early on (hopefully not) and to me the reasons should be very obvious. If one has the NOL’s and other ways to keep from paying takes on profits over the next many, many years, why would one want to sell or kill the “Golden Goose” for a one time kill? You could not possibly get what this company could be worth in say the next five to ten years of enormous growth in the first year or two.
Think of any fast growing company in the past who had multiple stock splits and created wealth in say a five to twenty year time span. Some of these are Microsoft, Apple, Starbucks and many others. Look at the wealth some of these companies have created and the same WILL apply to our new “Golden Goose” so again, why would anyone who has any sincere growth plan (actions will tell) and business acumen want to sell this company in the early going for a ‘one time” kill? This company has ALL of the ingredients to make any company successful and will not have to pay taxes for the foreseeable future and any new or reorganized company would do anything to have our “positive ingredients” going forward. The early actions by our new “Golden Goose” will either be EXTREMELY encouraging or very disappointing to me and will be a tell all. I will give you a hint to the future and that is why these CRIMINALS were doing EVERYTHING in their power to steal this company going forward so do not ruin your chance of creating personal wealth by selling your NEWCO shares in their infancy!
Form T-3 filing - Under Trust Indenture Act of 1939.
This is interesting reading.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7996721
Spiraling WMI prices mean potential Writ of Mandamus?
Normally Stocks in bankruptcy only react to filings and of course manipulation. In this case with a signed Global Settlement and the E.C. which has also signed on should mean this POS POR is going through but the market first does not like negativity and something that appears to have no direction. The market at this time seems to be thinking something other than this POS POR getting confirmed. Is there a filing coming soon that stays this mess? That tells me that there is something going on behind the scenes and I would think maybe DIMEQ/TPS may be getting this mess stayed.
All classes of stock being down considerably on a regular basis mean something. Just my thoughts, especially since I know that Art and TPS are probably NOT going away and one would think they have enough contacts to get this Delaware case stayed. Marybob only wants to discuss the negatives of a “stay” but since the CRIMINALS are getting billions of dollars in cash which is supposed to be illegal due to being a TARP recipient and does not talk about just the billions in taxes that COULD be returned to the Estate. Look at how many years that could take one into the future with a proper interest rate. Sound very fishy to me Marybob and I think you should discuss both side of the coin.
Ed Dantes:
First of all I want to thank you VERY much for taking the time to organize your well thought out ideas down and PM them to me. I do not have PM, so I will be careful in what I say. I want to also say I feel you have an excellent grasp on what is going on and your summation on ASSUMING POR 7 will fly is “SPOT ON” in my knowledge and thought process. The only caveat is another gamble within a gamble, if you will. That being if there is a successful Writ of Mandamus filed with the court taking the power of equitable mootness away from this court which SHOULD happen, but as we know the CRIMINALS get ALMOST everything they want, so who really knows for sure? So to your point on commons, it would be silly to hold these especially at 30 to 1, the commons would be trading at $1.80 per new share at six pennies a share and WAMPQ would be trading at $1.00 a share if they are roughly 18 to 1 with WAMPQ trading at say $18.00 a share. So the bet within the bet is 'on' for now, will there be a “stay” or not?
My intuition says that TPS is not going to quit at anything other than SOME justice and with DIMEQ/TPS’s contacts, it would seem TO ME that they should have the power to find somebody higher than Walrath and her Delaware system to get a stay put in place, but I honestly do not know. With the Kmart/Sears scam that happened, I also have no doubts that SCOTUS passed the Stern decision because of how corrupt Delaware system has become. This to me, was a warning from SCOTUS and it would also seem that SCOTUS would have to be very irritated at Walrath flipping SCOTUS the middle finger telling them that Stern and other laws mean nothing in Delaware. I would think they would love to sign a "Writ" or some sort, but again, I do not know. As Yanik would say, "own all of these securities" in the event something better happens and that is also a smart play. I will also say that overall WAMPQ is the best play but if there is a “stay” won, then I could see the commons run.
Very good Lebosco and thank you. Some of this is hard to decipher but I also take it to mean once you send in you instructions on for example 1/27/2012, and let's say you have 500 hundred WAMPQ and 500 hundred WAMUQ for simplicity sakes.
You vote these shares to give the CRIMINALS everything and then on the last trading day of January 2012 you buy another 500 WAMPQ, I take this to mean they will automatically be deemed to vote the same way of your instructions sent in previously. Anybody, please chime in if I am NOT understanding this correctly and thank you!
Lebosco, good morning and I hope you are doing well. There has been much confusion on this and I must say i not really sure either. The 1/202012 date was for "date of record" for POR 7 but I am not sure at what point you can trade shares and they will be eligible for the exchange. I thought 1/6 was for voting purposes but that does not seem to make sense either since this D.S is not even approved yet and yes, we know it is a formality but still not approved yet. So, you think people can still buy/sell and still be eligible for the exchange and voting up until 1/22/2012?