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still here holding. nice action today but looking for $2 with the verdict.
another winstar published today in favor of plantiff!!!!!!!!!
who sold. lucky who bot back today
anyone close to D.C. and can check out the post trial briefs?I justtalke to the clerk and I have the case number if somoeone can go and read up on the filing back in June 06. It should contain some juicy informaiton.
if you can get at .03 pick up all you can. they are to receive $4 per share on the settlement.
in the meantime here's another winstar case group website http://www.benfranklinoregon.org/AboutUs.htm
CD, reading your post again there is an obvious error. The court alrady ruled in favor of anchor regarding sell of RFC due to breach in suervisory goodwill so claims of RFC selling for another reason is mooot. Also, in the same ruling the ex-ceo, Mr. Large, testified the RFC was a fire sale - see 9/29/03 ruling - so i don't know how relevant your "understanding" is. Did you dump your dimez now want to take it down lower?
the attorney referred me to the post trial briefs which contain the arguments from both sides on this topic. Does anyone know how to gain or have access to the briefs? CD, where did you hear aobut it?
each new decision favors claims like dimez. lost profit on sales of branches, tax gross up - I don't see how we could lose. i suspect they are taking longer due to the magnitude of the claim. i see easy buck
this case is based on if supervisory goodwill could be tranferred . That is, the plaintiff wanted to include it as a form of an asset when selling their biz. The court determined you can't sell it. Entirely a different matter from DIMEZ.
i think wm is covering the fee to be reimbursed by the award. that's their interest in keeping thsi going as they must have spent at least $30M by now.
also did you notice in the Globe case the judge confirmed the lost profits were due to branches sold under duress - the very same claim DIMEZ has asserted and the gov has challenged. It's about how much we'd be awarded at this point.
rolling, just noticed you put me down as assistnat. thnx! i feel it in my bones w omething is brewing. any day now.
yes, i meant "no" dilution which is the biggest risk assoicated with going long on pennies waiting for the next milestone. nothing like that here.
I think there woulc be leaks by the time the clerk has information on the decision. so things could be happening unbeknowst to the clerk. who knows. i'm glad there is dilution to worry about and it's only a matter of time.
rollin, so i should use $42.27M as attorney fee?
i've done an extensive analysisi on possible ppw and think a full award = $4.28 on attorney fee of $30M and tax rate of 40%.
new alias showing up all of sudden. who's for real...
float must be incredibley thin. 165K = 35% increase. noone is selling.
what a nice day. i'm sure the move is tied to the redcent verdict. since precedents are largerly responsible for outcome i think the string of decisions in favor of the plaintiff should continue including anchor. see ya at $2.
after break even pps goes up expoentially. $150M = .50!!
At .12. $75M award to break even. Branch sells alone will exceed this. no brainer for me. wish had more loose cash.
need to be patient. we are almost there. dimez will suprorise us one morning.
Dimez lead attorney said he has not heard anything so it looks like bagholder sells. wish i had more $$$ to buy at this price.
just emailed the attorney.
i made a mistake. $1 not $.60. decision to come soon.
50k is still a good number. still in hmsg?
look at fifth third decision. lots of parallel to dime. Rather than an economist they used an appraiser to determine lost due to the fire sale of their branches. THe court accepted this approach (see the comment about using economist) and WM is using a very similar method. Once the court agrees it was a forced sale the rest is easy. I can't see WM losing on this. I've alwasy said at leatr $250M on this damage alone. we'd be at .60 or higher if that happens.
attorney for wm replied today. said they filed last june to alert the court a recent decision that can impact the case. must be the fith third bank decision which contained expectancy damage. rolllin, did you buy back your shares?
who dumped?
I sent another email and am waiting. i think someone was selling to get out. probably got impatient. but the good news is there were buyers scooping it up. any day now.
two new rulings agasint the gov. just filed. one contains expectancy claim. gov keeps on losing.
vipaxx is still up. wm attorney wrote me this wait is fairly noromal. there have been longer waits. no dumping. no buying. so no leaks. can go either way. still holding all my shares.
The attornye replied trial ended last June and pos-trial briefings ended in October. Bascially everyone is waiting. When asked how it whent he said no way to guess the outcome. it is entirely up to the judge. I have to think the chances of a zero settlemetn is as good as a $980M award. Somewhere in between is more likley. My conclusion is that non one konws, the recent slight decline is impatient bagholders and we just wait and see what happens.
i got a reply from anchor attorney...and sent a follow up question. will post when he replies again.
i once had 50kshares and bumped it to over 100k. sometimes it's better to stay put then to flip and chance losing more in another play. But dimez is really a different animal with its outcome of either all or none. A real "all in" bet as in poker. we may see more panic sells the next few days though it has alwasy return to .11-.12.
hope dimez will make up for it. my $ model on teh damages is very close to what WM released on their 8k. ANd i'm still guessing minumim of $260M or near a buck per share.
i'm in the same boat. Had well over 1M shares in xkem but got out too early at .02 and missed the run to .1. just by a few days! damn.
rolling, given how long you were holding you deserve to get back in lower when ready. let's bash for awhile :)
i got impatient and moved my gtc to .11 which got filled last week. bummer.