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ok maybe you have been reading too much and need to take a step back and understand what i'm saying.
why is it that when THJMW rules in favor of Wamu, the EC and company take the merrits and when she rules against THJMW has no clue and therefore is blamed.
another thing is why am i being attacked for simply bringing up a valid point, if you go back and read...I STATE THIS IS IMO AND IS MY 2 CENTS
since when has this board not taken every option and weighed out the pros and cons.
If we dont critisize and or express our opinions....none of us would be here.
why am i now being attacked for owning shares....I still beleive in wamu and what it stands for....but i will not stop pointing out what i firmly beleive as a mistake
in regards to discovery 2004 that we were partially denied, it was also a fair ruling. The motion was far to broad and included parties that were already cooperating.
My point is that THJMW has IMO always been very fair to wamu!
This recent hit IMO was not THJMW fault or lack of bullish demeanor she merely heres and reads the evidence and makes a just decision.
IMO it was just, we have no need to probe this through a third party. The EC should be concentrating on getting evidence that they already have access too, and if they didn;t they simply should have sought a court order to do so.
Granted they may have already done the leg work, but it sure appears otherwise.
of course none us know the intentions of the ec, however these motions even the ones denied this week could have been filed earlier. again hind sight 20/20
I believe wamu will prevail, but The EC has not been on their game until sussman. IMO
He's the only one that brought up the issues we have all been screaming for 18 months now.
That's all im saying.
GO SHAREHOLDERS...is my new sign off!
Rosen's next move will be to dis-ban the EC again! He has felt he won the battle now he's going to try and pounce.
He wont get far unless the Ec just sits on their as*
The Still Honorable JMW.......
I held back for a few days in posting my comments because, I wanted all the reaction posts to the denial out of the way.
I believe THJMW made the right decision. If you listen carefully to her response it is very fair and worthy of analyzing but the great Fish has already broke it down for us.
THJMW has always ruled in favor in wamu, even when she doesn't appear to do so.
THJMW beleived up until recently that Rosen's was fighting for the estate. It became clear to all of us that it wasn't the case. The POS POR will be thrown out and although hind sight is 20/20 we must understand that this decision happens to help wamu. Just as the decision to not rule on the 4B that all of us complained about.... yet here we are with an EC and susman.
that being said my beef is with the EC....yes the EC. We were appointed in january and they haven't filed, motioned or even made a peep until the POR was announced why?
We had 2 important hearings, when Rosen in march announced they were close to a global agreement and we went to .70 pps and then dropped the bombshell POS POR in the following hearing, in that week why didn't the EC step in and say: "wait a minute we know nothing of this settlement"
Prior to that had they even looked into to any of the records, if they did the wouldn't need to appoint an investigator as they asked. So now we have to go back and try to go through the books and fillings, what the hell had they been doing for 2.5 months.
Sussman wouldn't have asked for an investigation if he was not sure of the outcome, or was he just bluffing?
You cant sit back on this, the EC IMO has lost valuable time and ground by just waiting. Why haven't they put the pressure on early. Even with negotiations at hand, get involved and when they exclude you get a court order.
EC STEP UP! DO YOUR JOB!
that's my 2 cents. Good luck all!
congrats XOM. My wife makes me a better man.
GLTY
To the board: please dont see my last post as bashing or as a to do an infomative post. i am usually the half glass full type of guy. all signs point in a very bad direction here.
So please dont read into my post as me bashing because something is coming. It makes no sense to bash ....cant short from here, so what would be the point.
Im invested in other pinkies that at least put out a pr or have a working telphone number. I'm just saying Gene has fallen off the grid. And those emails that are posted....from a gmail account...come on...i can set up a genenweton@yahoo.com if its available.
I'm just saying the signs usually point us in the right direction.
I hope i am wrong!
good luck to all
where's Gene? take a look....
http://my.wallst.net/profile.php?ID=7307
he's got this wallst profile...12 friends? not very popular... he hasnt logged in since 4/12/2008 (around the same time he put out his last pr)
http://rccholdings.com/index2.php?option=com_content&do_pdf=1&id=34
his phone number: 909483-6500 (always busy hmmmmm)no other number, fax or email provided here nor the website.....are you guys geting it yet?
http://www.corporationwiki.com/California/Rancho-Cucamonga/gene-newton/26152605.aspx
dead profile...suprised?
http://www.hotstockmarket.com/forums/showthread.php?t=57975
RCC Holdings Corp.
Gene Newton, 909-266-7606 not a working number....hmmm are we getting a pattern?
I dont beleive! JUST LOG THIS STOCK AS A LOSS IN YOUR TAXES. THAT WILL BE THE ONLY GAIN YOU GET!
NOT BASHING, I'M ANOTHER IDIOT LIKE ALL OF YOU
i agree, but surprises are not a stranger to this case and board. This is by far the most revealing and mind twisting case I have ever read or been somewhat involved in.
Someone should really write a book.... the twists and turns this case has had are worthy of a best seller
technically until May 5th, THJMW just might grant them the later date of May 19th they bring up a good point as to needing time. although we may not want to hear this, but THJMW is fair. IMO that favors us, gives us time to have a shareholders meeting before the 19th, and that could mean rosen wont have a say anymore. The plot thickens as we speak.
lots of burners cooking....LOL
I have always stood by settlements. i was once sued, and even though my attorney knew we had all the evidence to win we ended settling for 5k ( I was sued for 5M, fradulent liabilty suit on my property)
even though i was stubborn and didnt feel these clowns deserved a dime, it was in our best intrest to settle because litigation would have cost an additional 40K (it cost me 23K total)and my attorney said anything can happen in a jury trial, its just good business sense to settle.
Of course the circumstances were different and it was a clear fraud attempt to just get some money out of us, but it took 16 months of arbitration, delays and so forth.
I think ultimately they will settle, but it may take up to another year, IMO dont bash, i am only being realistic.
I say lets take this all the way to litigaton. It obvious that settlement options have been given and they failed to take advantage, the more this draws out the more damages. I'll take 3X $24.00 LOL (please dont write me about that pps, I am just throwing numbers out)
funny how Dimon has managed to saty out of sight,,,,hmmm you looking for a orange jumpsuit jamie?
I think we are reading to much into it. There are some real bone heads in the news field.
it wasn't it was released on march 26, 2010 it was posted on april 28th someone recycled PR
people please check the dates. this was a newsletter from march....sheesh
The real findings of the examiner can bring to light many of wamus shady loan practices, just as it brought lehman and uncovered some very unruly business ethics, however IMO that wont be the deciding factor. The whole question that should really come forward is why was wamu sold for 1.9B that alone should put us well into positive territory in regards to equity.
Fraud, insider knowledge etc are simply icing on the cake or a very strong bargaining chip.
Thats the reason i feel this case is like no other. we are so close to A>L that the mere appointment of an examiner will push this thing forward.
IMO
Penny
They already did. We now must wait for Mary to deny or sustain rosens objection
LMAO.... you forgot to add that in that same statement he will emphasize; "the milking of JPM and becuase the world is flat and the overspill of the milk will more than likely run off its edges....so you see your honor its in the estates best interest to strike such a moition based on the fact that I am really scared....HOLD ME....LOL
GS needs to be held responsible, as does JPM and other banks, including wamu. Wamu is no saint I have been saying that since day one. Yes, they were on rocking ground, but the fight is about the banks worth not its banking practices at least thats why I bought my shares.
Justice should ne handed swiftly to all those that caused our great country to limbo.
nothing is a slam dunk with wamuq. You'll notice the pps today. we had the best news since the approval of an EC and here we are. I know we will fair very well in the end, but we cant say anything is a slam dunk, at least I have my reservations. Our legal system is great in that it promotes fairness and that fairness is taken by boneheads like Rosen to simply rape the system to a breaking point. All the current BOD and Rosen have in their favor is stall tactics and ridiculous arguments, expect a motion to deny the examiner by Rosen. We all expect it, I am curious as to wha his excuse or motives to deny will be.... this is definetely a comedy of sorts. i think THJMW needs to b*tch slap Rosen. lol
LOL seriously...the ASAP has been a long time coming but you have to admit thnaks to her delay we stand much stronger. Remember we had no EC then. THJMW is doing an excellent job IMO. She doesnt always rule in the way I would prefer but is very fair. THJMW for Supreme justice ...lets nominate her!
sniff, sniff, sniff...can you guys smell that...I think rosen just s*it his pants....or maybe that was the mm's ......
"Blam" run mm's run....."blam" duck mm's duck......
I felt the hammer drop all the way in CALI....whooo hoo!
Susman has been a busy bee today! rock on EC!
you're not too far off. However as in the past expect Rosen to delay by filing a motion to dismiss and or object. The proposed grounds of his motion will seem ridiculous, we will all talk about it for the next month....so dont expect any news until June. LOL
This is great news! but dont expect much to come out of it until we get some actual numbers. even then the mm's will find a way to hold this down.
In for the big money!
GO EC!!!!!!
the timeframe to pay and have this go away has come and gone IMO. Settlement will not come until JPm/FDIC is backed up well into a tight corner. Although it may seem this way now, we have been proven different in the past. I was thinking today; every court decision has gone in wamu's favor and we still sit at .17 unbeleiveable! These mm's should be shot! EC we need a new cussip, only then will we see the true value of the pps as it should stand.
imo
dead links
and if history has taught us anything with this stock its that time is our friend. We wouldn't be here if not for the delays JPM/FDIC put up, that greeed will ultimately bury them. They could have settled 14 months ago for $2.00 pps and most of us would have been thrilled..... we had no ec, discovery, and most of incremanating documents and emails that have come about.
Ladies and gentlemen, for once I beleive the more delays the better position we will find ourselves.
IMO
agreed. All of rosens courts actions are manufactured to take our shares. Jpm's doing i presume!
HOLD ON TIGHT this roller coaster is still climbing.
I understood that part. My point was more that why even bring up the difference? there is no difference. TPG is the biggest shareholder anyway 51%, so why worry about the other 49% rosen was simply trying to enforce his milking argument by asking the chairman of the Ec if he owned pre or post.
Notice Solomon didnt even touch that subject he would have played right into rosen. We are reading way to much into that. that was rosens attempt to bring the pps down again and convince THJMW that the vultures are in it for the money and are derailing settlement talks by greed. Of course that is behind us.
Rosen has affected the pps on so many occasions, but today the ruling shut him up. Rosen, please quit before you get fired, please admit you have a conflict of interest and save your a** with JPM for future litigations. After wamu settles, we'll probably see you again on the Lehman lawsuit except this time you will be on record for representing JPM instead of pretending to represent wamu and do the contrary.
Milk that! you sorry excuse for a man! lol sorry got carried away.
GO EC, and lets pay venable he deserves it!
FSSHON: you see what you started again? People a share is a share, it means nothing to be be pre and post. We have gone over this so many times. No complications. If you own shares, you own shares PERIOD.
Lets focus on the big picture; IMO
A question about shareholders meeting
other than JPM, wouldn't the shorts want to cover before a shareholders meeting is held? Wouldnt the true amount of shareholders be revealed?
wouldn't the actual owners be revealed? (um jpm if they're attached and shorted or continue to short)
JPM? is that a rock next to that hard place your back is against?
I hate to speculate....but JPM got backed into the tightest corner yet in this entire case
I understand your thinking, but I disagree. I dont think post or pre really make a difference, the reason is that THJMW doesnt care about the amount of shareholders and when they invested, the point is JPM paid or was given wamu for peanuts. She made that clear when she used the wachovia reference many months back. THJMW is aware that the bank was worth 300B and the true reason EC and UST are heavily involved is because this court along with all the parties involved are also very well aware of the estimated value of wamu not this ridiculous 1.9B
Rosen made it very clear that he doesn't care for the estate accusing the EC of attempting to derail negotiations. Rosen: We are the estate, we are the owners big and small and we pay your bills. This is clear, his comments in support of JPM further confirm our suspicions of misleading practice. Rosens plan back fired, just as his motion to dismiss the EC. THJMW has fired back at every attempt Rosen has made to hide the true value of WAMU.
Lets not forget the unforgettable hearing where he claimed wamu owed 50B in liabilities (where's that rosen?) If jpm/fdic and or debtors were willing to overlook those claims (obviuosly frivolous)why wouldn't the estate be able to write down liabilities to the best of its ability.
The reality herein lies that rosen is protecting JPM at all costs and those great posters discovered the conflict of interest long ago.
This saga just gets more interesting with time. I agree with the other posters....hold on to your shares, this has just got more interesting.
btw.... expect more delays, i doubt rosen file an appeal, he would be shooting himself with THJMW and although today she seemed very calm and collected, I believe rosen is walking on very thin ice.
I am prepared to fight the long fight and no longer look at the pps. I suggest we all do the same and simply just hold. The mm's will play the fiddle all they can.
Rosen comment: "EC is trying to milk JPM". why would he care about JPM? Why wouldn't he just say the estate?
Rosen you said too much!
I smell something, does anybody else?
upper left hand corner of your screen there's a link to show ibox information click on it and the screen will refresh with all the information you would ever need.
read the ibox. that should answer most of your questions and specifically that one.
Rosen; had me worried for a bit. I have to admit he is one heck of an attorney and wouldn't want to face him in any other case. He presented a good argument and although very convincing was at the mercy of THJMW. The bottom line is that if WMI was forth coming and had an open book policy with the EC in regards to equity or solvency then we would have no need to intervene. If it were true that wamu were insolvent why would they choose to exclude the EC on settlement talks, or why would they fight tooth and nail against a shareholders meeting. ( most of us already understood this)
It seems to me that JPM/FDIC strung it this far along because they had Rosen probing and pushing but only enough to make it seem as to be fighting for the company's best interest. Once Rosen pushed and had enough evidence to bury JPM they then decided to put him in there pocket. Almost as if you had bought a jury in a jury trial.
Rosen tried to claim the Ec trying to milk JPM. Look whos calling the kettle black. The said part is that if this settlement were proposed 16 months ago they would have got away with it, the issue I find is that rosen just recently jumped on JPM badwagon otherwise Dimon would have gotten away with it. Goes to show you that greed can only equal demise.
In short: PAY UP JPM, no where to run!
GO EC!