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Legal types here? This was on Yahoo..I know i know baseless mostly..care to expand? Thanks..
what representation does tpg have that has any say on what weil does. care to clue me in, until an official share holder equity committee is approved by the courts, the p's and common are at risk.
heard it was before...perhaps they though it was a better % investment.
gold-nugget..forgot about the Chinese.
Jerle...yep..true
rramirez...thanks...mm's working hard to drop us here.
There's been alot of offloading at .097-.098 more in volume than actual dollar amount. Flippers?
JimsZ..I agree.
Penny yes i see your point but i dont feel that they can say...ok, TPG your common are fine while other common holders are screwed.
Accipiter...<I wonder if they'll settle for just enough to pay TPG and leave us holding bags. Guess we'll see!> [b/]
You are quickly losing any respect I had for you. Settle for just enough to pay TPG?
When Weil and company have them by the throat what do you mean..settle for just enough?
Jim
penny... <ABIGHAMMER, you my man are like diamond. Always consistent, never wavering. Just like out GREAT Legal team.
Yes I will say it.
TPG gets paid ABIGHAMMER (and all of us) get paid.
pr >
AND NOW <I only worry that there could be a back door play with TPG because of a pre- seizure agreement leaving the rest of the commons holding the bag>
R U Getting cold feet?
Jim
30,000 share buy at .10 ask then a $19 trade sends us back to .0971...they are not going to make this easy and adds further credence to the fact there will be no major run prior to settlement...at least that is my thought.
AB makes their recommendations look better than they are..actual buy and sell points at beginning and end of runs are difficult to achieve. But if it works for you...great.
loans <This is a good day trade stock and that my friends is as far as this will go>
That statement from someone who uses American Bulls as a source? LOL
pennyrich...LOL...good one!
cubman... <Also, keep in mind many many people probably still own pre BK shares, so those people would just be getting their money back.>
Yep...an acquaintance supposedly had $15 million of this at one time when it was at the high...I don't know if he sold or not. He has since been fighting cancer (brain tumor)...still goes to work. $12 would not make him whole but better.
I'm sure there are many stories of this nature..some held...some sold...some averaged down, and yet most of the public has no clue what a WAMU is let alone this story. My wife always gets on me for being on the computer 3+ hours a day doing stocks plus running my company. I hope it works out for all, then I can tell her, "this is why I spend so much time on the computer".
And if they have a restriction who cares...I will hold the new stock for a couple years and root for Jamie to drive JPM to $80 pps. I will also root for Obama to be gone from office so I can preserve the 15% cap gains treatment. lol
jimmy... < This victory will change the course of my families lives. They be able to go to college, pay for my daughter's first car, go on a vacation that is more than 300miles away but better still, give her away when she eventually gets married. Again Thank you all!! >
It's not done yet...celebrate later...
Ocstreet.... <Early in school you learn on a true/false test, if the words always, all, everything, etc are used, then it is false>
That's why I did so bad in school....lol
nurse..great point! cart before the horse.
Agree...and you get capital gains tax treatment of 15%..(hold your breath under Obama)LOL
Why in the heck would anyone want to sell on a share exchange. I would wait for the pps to get to $70. Plus i dont like paying taxes
nurse..I don't know what my thought process is as Weil could be demanding cash. The only reason i see a possibility as to the paper swap is it would be less impactful to JPM. They could absorb this with little sweat. Quite quickly, JPM willl be the banking powerhouse for the future so going forward they will be making a ton of $$$$. If we do get a share exchange, I have no clue as to what it will be though everyone around here thinks it will be a value of aprx $10-$12 which would put it at roughly 1:4 given todays JPM close.
stock vader..yes i agree...I'm sure there are many possibilities on the table. I am feeling better that commons will see something. I am thankful that TPG holds commons worth more than $7. I'm sure they hold alot of coercive force in this situation and with their presence here as Hammer has stated..we will get paid if they get paid..and they will get paid.
fsshon... <JPMC will offer to WMI real soon a proabable 1:4 split to settle out the commons>
You sound sure of that.
taxman..if the time comes.....nothing is settled yet..let's celebrate when there is a cause for celebration.
Cart before the horse
Yep..I still say $8 or less.
I dont feel the fever pitch and i certainly dont see it in the share price...You will know when this hits fever pitch.
$48..LOL
I don't think anyone knows how it will play out.
JimsZ... <WMBfsb apparently had $17 billion dollars in free money >
You mean line of credit?
Billiam...With simple reasoning it seems discovery would only bring red herrings leading to possible government involvement, criminal investigation..possible prison sentences to those involved...the only logical way out is settlement which in the long run costs JPM nothing. They will be the banking industry and make $$$ going forward.
I am of the belief we will see a settlement at some time and power is in Weils' corner to make sure the company and its shareholders are made whole again.
A little info on the TPG deal >>>>
http://www.bloomberg.com/apps/news?pid=20601087&sid=aeTdX6XV0Vxo&refer=home
Thanks Lawrence... You from Seattle area?
Isn't their avereage in the $8 arena?
I agree John...Weil doesn't go down a dark alley without night vision.
Well that wouldnt surprise me
Desperado...<There's no way they will let Billions out the drain without recovery after its clear that cash was deposited and $17B of free cash was at WAMUFsb.>
You also know they are in the middle of this...politically as well...That's why I'm here...like hammer says..
TPG gets paid ABIGHAMMER gets paid!
American Bulls is not that great
I predict within the next 14 days we will see how screwed they are.