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Ol' JP's there too.
Yes..TPG as Hammertime states...and the NOL's as you state keep me weil in the game. Er Huh I meant well. (smile)
I dont know
Jerle..Read #84984. I agree...IF there is a large settlement, I believe we are good.
Billiam...<The short answer to that is no. Common share holders are equity holders in a company. As long as A>L commons cannot be canceled..
Yes I agree in part with your statment. Most BK's happen because L is much greater than A and companies reorganize, cancel commons and come out in much better shape balance sheet wise. This was not the case here whereas BK was more a protective device...and with settlement we should be good to go.
thinkpink...<lol...??????????? can they still cancel commons even if they get a huge settlement?>
Yes they can do anything they wish..
We will see how big of a heart WAMU has with regard to shareholders.
xom...IMO WMI's queen and knight has JPMC's king in check, who is left to shuffle between two squares to avoid defeat lol.>
Wonderful analogy!
fsshon....Thank you for that remarkable post. I am still leary but feel better after reading and investigating the nuances of that post and its links.
JimsZ... If they didn't plan on exiting bk they wouldn't have a reason to file for an employee stock purchase plan would they?>
This wouldn't be new stock after the old common is voided?
Sorry..need to get my trust factor in order.
JV...yep that is true!
rockie...You have been fairly cautious thus far..what has made you throw caution to the wind and hypothesis a settlement this week?
Yeah so what...? It was at deaths door now its one door down from deaths door.
Oh I'm having pains thinking what if..what if they cancel commons..what if we get $12+ ...life is a series of "what ifs" for anxious folks.
Whats that mean?
fix..thanks...Jim
Thanks Matt..that makes sense.
Diamond...no I agree we didnt hear that from the 5 law firms but is it their responsibility to advise we, the common holder?
So now Im reading these equity group posts...what are we thinking here? Yes No...commons get hosed? Nobody knows?
Diamond knows...Diamond you there? Equity group? $12+?
sorry for typos...a dyslexic moment
Id take him into discovery..say forget it...and put him in jail..unless of course he is will ing to pya commons $12+(smile)
Yep..nothing is for sure though except "death" and "taxes" as they say but I'm hoping for the best... and Diamonds $12+.
taxman..(I have a hard time with that name..LOL) sometimes if I get to the bank at 11:00 pst, it is next day...best to be there bright and early or prepare for as long as the next day. Wire is best because if you do an electronic transfer it will take 3 days minimum.
taxman..it ususally take 4 hours for my transfers
I don't agree about the $1
Will someone post when the Magic 8 ball says yes and the Ouija board begins to move in figures representing $12+ and the table lifts off the ground? Diamond?
Well, everyone has their opinion..I dont believe that WAMU would agree to stall discovery unless there was negotiation. They have the power here.
Also...just because there may be a settlement don't think that common will live through it. Do I think common will survive ? Yes..but not 100%.
I wouldnt be too concerned with one post from land Agent..LOL
Relentless...If you have read every post from the attorney brain trust it has always been felt that for Jamie to agree to Discovery would be suicide for Jamie and his company. Discovery is ony given on highly probable cause. Weil has the smoking gun who is ready to spill his/her guts and bring the whole castle down...inmho! I don't think Jamie is going there.
Thats a guess...albeit an educated one but a guess nonetheless.
nurse...<I think we may be a long way from the finish line. IMHO>
I agree...anyone that thinks spittin over $8-$12 per share is gonna be a walk in the park...LOL No way.
Is this our Weil? http://www.weil.com/
I would love to be that mouse in the corner this weekend.
Love? Like I Love billing more hours?
Why does it take 5 law firms?...is it like how many polish/italians/americans blah blah blah to screw in a lightbulb?
cubman...<Unless a ---------- is coming?>
ABSOLUTELY !!!
Correct mehedi..You would think that unless they were prepared to cough up everything a delay means "uh perhaps we will be inclined to entertain your requests for settlement Mr Weil.
Why don't we all have a seat and talk about it."
Large Green...With everything I bring to this...which is somewhat limited I understand, you are dreaming if you think common holders pre and post will get $24.
fsshon..I agree with your sentiment. I dont believe an equity committee helps at all. If the deal is done to save commons, doesn't matter if there is a committee or not. If the deal is done to obliterate commons, doesn't matter if their is a committee or not...
My attitude stems from years of investing..running a business...and not trusting the government and big corporate America.
Look at the BS going on with Big Corporate America...A freeze on pay when things got bad? They found a way to pay their execs more money then before the smackdown. No bonus? Fine..we will jack their salary up.
Regardless of what goes on here...I do not feel comfortable for our economic future. We are in the calm before the storm. Our money will be more worthless in several years than it is now...malls will be vacant. Commercial real estate...BUST
You can't get away with what Obama is doing now and not be prepared to pay the piper when he comes knocking.
Regarding our investment here? I hope all turns out OK and Hammer and Diamond are correct. However, I trust nothing when it comes to my investments until the day I cash out. Anyone can say anything. I go by instinct.
I'm prepared to lose. I'm prepared to win. A balanced perspective is the healthiest.
respectfully,
Jim
Jimsz..I agree, if commons stay alive which INMHO is still 50/50, mainstream media will not go crazy over that story..it will be quiet....only to be shared amongst those that experienced a rare event.
TPG GETS PAID ABIGHAMMER GETS PAID...at $12+ per DIAMOND G