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.
Actions speak loudly-Mediation over by choice or settlement! BASHERS are TOAST!
I do not think it is very hard to figure out, but the hard part to figure is where we stand with all of the case altering issues. I think it is safe to say there is SOME form of settlement, but the form this takes will surprise most. I think we will have to wait until the 8k filing comes and when it does go with the valuation of the “said” company going forward.
If the 8K filing equates to ten or twenty cents a share, I will be happy just to find out the common shares will not be cancelled. I KNOW the value will later skyrocket “KMART STYLE” and when it does, it will start rising immediately after chapter 11 exit. Then it will go to multi dollars VERY quickly if not before depending on if there is a short squeeze or not. If there was a delay they would have filed it already. Again, Rosie’s NON ACTIONS publically and more speak volumes in a positive way for Equity!
Monica, my guess is when you are guilty the best way to go about NOT destroying the rest of their lives is to negotiate. They put out publically how all this is a sham but when your life is on the line number one is they know it and number two is to minimize your overall self imploding destruction as quietly as possible and that is what they are doing.
Penny, obviously, I do NOT know the exact truth about a short squeeze and whether the CRIMINALS covered or not and I do not believe anybody discussing this currently knows the truth either. What I have discussed orginally was a POSSIBLE doozy of a Short Squeeze.
I do not think anybody knows the truth until Equity is saved and be deemed to be "in the money" through an 8K filing backed by Equity and then the facts will prove they covered or they did not. There will be NO middle ground on this subject at that point in time and we just have to hope that Susman is able to take to the Promised Land!
Goph, you keep under estimating the CRIMINALS ego here. Again, they thought they knew the predeterminded result for Equity...CANCELLED, so Equity would ultimately be cancelled and automatically closing their positions, therefore ABSOLUTELY no reason to cover...Again, why as they thought they knew the PREDETERMINED result for Equity?
Goph, you asked the following "Why on earth would anyone holding a large NSS position here continue to hold it for 3+ years?"
This is easy, so just think about if you were one of the CRIMINALS in this heist pre/post filing and you used your clout to the tune of shorting 1-3 billion in illegal short/naked shares. In order to do something this large, you would have to be "in the know" on the takedown.
So with that said, knowing that there is not a chance in hell at the (their mindset at the time)time that Equity would even be a remote consideration of being in the money, whe in the hell would they waste their money closing out their positions and then having to pay taxes? This would make ABSOLUTELY no sense. You also have to understand these CRIMINALS egos, as they believe they are above the law and in fact most of the CRIMINALS in Walrath's court are, unfortunately!.
Goph, you are missing the point. There is no doubt in my mind as I have followed this preseizure/post that there is between one and three billion illegal/naked short shares out there and for those people who think there is only the 40 million as listed, they just DO NOT get it! Don't ask me to prove because first of all I only have to convince myself and second of all the Judge will not let us depose the CRIMINALS that count like the SEC/JPM/DTCC!!!
In Rosies and Walrath offshore accounts...LOL!!!
Night, I understand completely but they are easy to get out of if say, for instance, set a price and if it hits, BAM! The other thing the price/shares is all relavant to the scope and size, cash on hand, how many illegal shares out there, but do NOT discount an opportunity or punch a "gift horse" in the mouth if it presents itself.
I will leave you with this, if our sham of an evalution is only three hundred million dollars and say this even hits $8.00 in a "short squeeze", then it will be your own fault if you do not have some at a set price to take SOME profits. There will be NO EXCUSES for anybody who does not take profits and repurchase when it settles closer the the 8K filing of what the evaluation will be.
While you are all rehashing the value of what WMI may get, I would opt for a Jury Trial which would result in around $140.00 per common share when you figure in ninety billion dollars in "Unjust Enrichment" with all of the rest of the Estate and many going to prison.
Catz, I learned a LONG time ago, whenever a Judge or a lawyer says "I will get to it or handle it later" will result in the CRIMINALS getting away with their travesty in billing and other. I hear what you are saying but this court has not even as much as given out a warning or anything based on all of Rosie's corruption.
I will bet you almost anything, Rosie WILL get away with the majority of his corrupt billings, regardless of what happens in this case. I have seen this too many times in other cases and so on, where we will get to that later. Whoever is on the"LATER" end of this statment/opinion (our Estate) WILL lose out and you can mark this post!!! Nothing we can do that David Shutvet has not and I do praise an individual like David.
Monica, IMHO, this case should NOT have gotten into the second week of bankruptcy protection without it. How can a Judge, judge anything if she does not know what happened, what transferred, what did not, a contract of something… you get the picture. This Judge was nothing more than a stuffed fish, flopping every once in a while on the bench for the first two years of this case.
This Mediator could be VERY bad or VERY good, as we know this was sat up to get the Mediator the Judge recommended. Like our side was going to agree with the CRIMINALS and vice versa, so this was a hoax in of itself. I am hoping the Judge is more worried about the mess she had created and if I am correct in that issue, then this Mediator will be good for Equity.
fsshon, I am going out on a limb due to Walraths previous actions/issues on TPS and she can tell DIMEQ that the Estate has no relevance and they will have to take their issue up with JPM outside of the bankruptcy court.
How can she say the eEstate owes them money when JPM has the other half, so to speak and then treat TPS the way she has? One cannot separte the assetts and liabilities and then go back and hold the Estate responsible AGAIN! We shall see.
Then Susman will make a deal to save ALL Equity and move out of chapter 11 and then go on a contigency basis for the rest. Maybe we see this within the next two weeks only to be signed by the Judge on 1/1/2012.
fsshon, I agree whole heartedly and ALWAYS have but the problem in with this court. She claims to have juridiction and it will take a writ or mandabus to get a higher authority to take her authority away because IMHO she wants to keep control of this case and will do ANYTHING to protect the CRIMINALS as her actions have more than shown. This Judge does not care about Stern or ANICO when it comes to this case!
http://en.wikipedia.org/wiki/Mandamus
fsshon, problem is when you say we have bigger fish to fry in DC is that the Global Settlement gives it all away or are you speaking if Susman is able to break the G.S.?
remmy, while I agree with you on the most part, the kicker here is the price of all releases and the company going forward. As long as the commons are not cancelled, there is no question EVERYBODY including Equity has refused to talk about the total assets and there is obviously a reason.
It could be this is part of what is under the sealed documents or whatever but if the common stock is not cancelled and even if it shows a present value of twenty to thirty cents, you will see the value rise into the multi dollar level over the next 10-20 months from chapter 11 exit, KMART STYLE! The stolen assets will appear when the time is right.
Absolutely true among several more and should be treated just like Osama Bin Laden was!
fsshon, with all due respect I hope you are correct, but I do not see that or she would have already done so. Walrath had to ask Rosie if Equity was NOT his client so you are correct she is well aware and has been since 9/26/2008.
Lebosco, without doubt we have very powerful forces here. JPM/FDIC is nothing but a CANCER that does ABSOULUTELY no good for society with exception of a handful of individuals who use their authority to threaten, coerce, intimidate and payoff people to get their corrupt way which is in the process of taking down our society right in front of their eyes.
Then they want to defend people like a Judge, other courts, the system who aid and abet these crimes and they are worse than or at least as bad as modern day terrorists. My God, look at what these people have done by masterminding the financial crisis of 2008 and then tell me they are not terrorists!!!
Wamu, yes I agree, but more reason than that it would be reported worlwide that the US Government took a solvent corporation down, stole their money, put 45000-100000 out of work, CREATED the 2008 financial crises and do I need to say more?...blood boiling!
These terms apply to most here except the EC!
There are several discussions going on about what has happened in our case with WaMu. I think people should review what these legal terms are and then reassess their thoughts. If you agree that hiding assets for the reason for a handful to recoup greater monies, if your agree that transferring assets without proper authority, if you agree devaluing the Estate to ensure L>A, then what we have here is ANOTHER crime.
If one is a witness to crimes (s) and does not report it now you are aiding and abetting the crime, especially if one is in a fiduciary capacity. Look at what we have here with the way this case is being handled including the US Trustee who are witness to the amount of incredible malfeasance at the hand of the very people who are suppose to protect the Estate and then rethink excuses that are being played out here. These very people who are sworn to uphold the law are trying to help sweep all of this mess under the rug and with many people wanting to make excuses for some of the CRIMINALS who MAY give Equity a bone.
http://www.wisegeek.com/what-is-bankruptcy-fraud.htm
http://federalcrimeslawyers.com/white-collar-offenses/conspiracy-aiding-and-abetting/
luther, excellent post and thought process in general. I have discussed very close these same "end results" to yours and I believe this post will be very accurate in terms of how the waterfall flows. Not so much the exact percentages that you discuss but the foundation. Unfortunately, we will not be happy but if we come out without commons cancelled, ownership in the CONTINUED organization and to be able to sue third entities (billions here) we will do fine as the REAL assets will start rising to the top within 10-20 months of chapter 11 exit, KMART STYLE!!!
Yanik and Strike,
I have long felt with all of the sealed information that we do not know about that they all agreed to keep the assets from public disclosure. I have long felt we will NEVER see the assets until well after the company exits bankruptcy and they will float to the top over 10-20 months following bankruptcy exit, Kmart style.
I have full faith in Susman but at this point as many times as we have been sold out, I trust no one until I see a positive Equity result and I do think we will see that SOON. However, if there was no agreement to keep the assets hidden, then I am with others and would be very troubled why Susman has never said a word about the assets. I have to admit even though I have confidence in Susman, this does trouble me.
Royal, yes, this is where this case is since they could not get their releases twice over. You hit the nail on the head as it is JPM and the FDIC's call at this time. The rest of all this mediation IS THE DISTRACTION while they make the deal with the EC. Incidently, do NOT worry about the EC not be able to talk with the FDIC, remember JPM/FDIC make their own rules as they go due to them being above the law.
Something to ponder!
I do not know why so many people want to stick up for continued corruption as if we have not been dissected, pillaged, raped and destroyed enough! If you want to say this Judge is in over her head, consistently making mistakes and allowing countless destructive actions to happen to the Estate, that is fine, but the following should not be fine. The Judge is a fiduciary of the court and is supposed to be held to a much higher standards than a traffic cop who if witnessed a drunk barhopping and without question under the influence, but decides to pull him over on his way to his fifth bar and then let's him go. Then the cop finds out the next day tragedy has happened. What do you think would happen to this traffic cop who watched this drunk and let him go after his 4th or 5th stop?
Here we have a fiduciary of the court watch Rosie commit a total travesty for three years plus and not even as much as a warning but rather a question "Mr. Rosen do you not think Equity is your client" and continues to let billions upon billions be destroyed along with many, many individuals who lost their 401k's, older people who lost their dividend payment and so much more I will not go into but most of you know. A Judge who is a fiduciary of the court is in charge and who continues to allow this multiple, crime ridden saga continue to destroy billions up billions of real people’s money and to be headed, steered by a corrupt drunk named Rosie who is doing nothing to his clients other than destruction including the ones he was trying to steal it ALL for. Now think about that!
rockie, the "Criminal Powers That Be" have not and will not talk about anything factual with this case in overy three years, so there is no way they are going to publicize anything such as suicides related to the illegal WaMu seizure!
goph, this has nothing to do with people not agreeing with me, it has to do with the Judge NOT agreeing to be a Federal Bankrupcty Judge for the people, by the people, but rather using her title to aid in the crimes of bankruptcy fraud for select Government Officials.
These same people should be arrested and tried for the destruction of a 110 year old corporation along with the destruction of more than 45000 jobs and the direct cause of over 100 suicides. Now go ahead and defend this criminal court along with the allies of this multiple crime ridden saga, as that is YOUR priveledge!!!
wamu, you said "exactly penny ,it's gonna happen quick ,least expected "
That does not apply to me anymore as I am EXPECTING it everday now...LOL
True believers-Rosie, Bashers, JPM/FDIC has done us many favors!
Many true believers that stay the course will find themselves with more wealth that most would have only dreamed of by hitting multi state single winning ticket lotto. Now let’s look at the facts, Rosie, Hedge Funds, Starke, Rating Agencies, JPM/FDIC and more have done everything in their power to date to have Equity eliminated. Their original plan to file chapter 11, go through the process and exit chapter 11 in eight to fourteen months with worldwide releases for ANYBODY including billions in stolen assets has failed miserably for them. At this point in this travesty, I am very happy with the Equity prices this low for this long, as it has allowed me to accumulate a position that I would have NEVER dreamed possible.
This all with something that even had a remote chance of succeeding, as opposed to one that actually will albeit even if it is very small compared to what it should actually be. Just think if Rosie would not have been able to hold the Equity prices down and for the last two years and the prices would be trading, let’s say at between fifty cents and one dollar and fifty cent a common (WAMUQ) share. I could NEVER accumulate what I have and not only that if the prices were this high I would have had to take a large portion off the table and before the true announcement is released. Due to the prices being so low, it actually encourages me to buy more as opposed to having to worry about the prices going from say $1.50 cents a share to say a dime and not selling any. No decision now, so in many ways, Rosie has been doing us huge favors while we are still here.
955, come on now, there are several longs here that think this Judge is actually Honorable and for ANYBODY to think that after knowing what has gone on with the WaMu case would make me think they are part of the CRIMINAL enterprise and paid off by the consortium, LOL...unfortunately!!!
Clawman, yes, I agree with your excellent summary on this issue!
More thoughts! Happy Thanksgiving to ALL including the Criminals!
We all know the court had her opinion ready on the infamous “four billion” as the court told us this much, but due to Rosie’s Global Settlement she never made the opinion public. There has been much discussion on DIME LTW and what does it mean. Some posters think the court has to make a ruling before any mediation agreement that may take place due to the priority if a certain party wins and some posters think Rosie is trying to use this settlement to go against the assets, thus ensuring liabilities remain larger than assets. There is no doubt that Rosie will try to zero Equity out to the very minute Equity agrees to some form of settlement, should that happen.
If there is a mediation agreement that includes Equity and the major players, it would seem to me this court would never have to make a ruling on DIME LTW and other issues that this court has not wanted to rule. DIME LTW was drug out for so long, there had to be reasons for doing so and I always thought the reason this court never ruled on certain issues in POR1/POR2 opinions is that the ruling would have had to go in the favor of Equity, thus putting Equity in charge. We know this was never going to happen because this court is protecting JPM/FDIC to whatever extent it takes. With the mess that DIME LTW exposed with the Debtors, I find it hard to believe this court is going to continue to aid in the destruction of the Estate by protecting this criminal behavior on behalf of the Debtors, Hedge Funds and Creditors. It would seem this court opinion should be since the evidence shows this court can no longer support this Global Settlement that was not of good faith and allows mediation to continue or puts a Trustee in charge since the court is afraid of Susman going after the Criminals.
Now with DIMEQ LTW trial over, some posters have been discussing we could have a mediation agreement including all major players and I think this could very easily be happening but the answer to the following question may give us an indication of when an agreement would be announced. Let’s say all major players agree to something, will it still take 30-45 days to go through voting, tally and distribution or can this just be over with a court appearance by the players with the court agreeing and signs. If this has to go though the normal process we will lose much potential NOL value, as the value starts going down each day past 1/1/2012 with the maximum NOL value being on the very first day of the year as they are prorated. We could easily be into February/March 2012 if there is as agreement as late as December 2011. The flip side of the coin is if an agreement would only take a court appearance to finish, we may have to kill enought time to get into the first week of 2012 which would put many people at ease.
The Judge was duty bound to release her opinion on the four billion when she arrived at it. She held on to it and ask them if they wanted her to release it. Give me a break, who the hell is the Judge and what is her part? She knew the damage it would do to JPM so she baited them to tell her not to release it.
This is like the guilty criminal who asks the jury not to release their opinion for fear of what a negative opinion would do. This Judge is worse than the Criminals as she has been aiding and abetting bankruptcy fraud and what do you not understand about this case?
Maray, yes, you are correct in that Walrath had her ruling ready and as a matter of fact it was the FDIC, Califano who said he did not want it ruled on as Rosie said it did not matter to him so she did nothing. I remember that one.
Clawman, if there was some sort of agreemenet worked out in mediation that coverd this litigation, the Judge would never render her decision just like she never rendered her decision on the infamous "four billion" as it was tied up in the Global Settlement, thus no ruling, YET!
Chiron, I wrote the following as a response to Gibson on Y. This could also be a thought.
Is Dime closing and Wamu Connected to settlement?
Gibson, I think it could happen if the settlement were announced that DIMEQ will be Equity and Equity is announced to be saved and "in the money", however I would not hold my breath. It would sure catch everybody off guard and keep in mind Parker left for two weeks.
The billings are a month the rears which showed they were very far along. If they wanted to announce it Wednesday evening, it would have been way to obvious for the Mediator to ask for a 2 or 3 day extension, so it was easier to ask for the next Omnibus Hearing date.
CWG, yes you are correct the NOL's grow HUGELY in the new year and they are the highest in value on 1/1/2012 and then start decreasing in value for every day thereafter. They are prorated kind of like when you were born, you started dying that very day.
CWG, keep in mind if we have to vote again that will encompass 30-45 days and the ideal time if we have to revote (not sure if ALL players agree)is now! Everyday past 1/1/2012 the NOL's start decreasing, so we want a signed POR agreed to with Equity included NOW, so by the time we go through the process it would be the first week of January, 2012.
Jack, they announce another mediation delay to fool everyone and then make the HUGE announcement on Thanksgiving Eve, probably between 8:00pm and 10:00pm to keep it quiet. Then equities could trade a little on the partial trading day on Friday and then totally forgotten by the media on the following Monday.
Strike, good to hear from you and I hope all is well. I would love to particpate but unfortunately I cannot. I know we will be in good hands with those of you that do attend. Enjoy and take care.