all in wamu!!
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.
Nice work there. The censored parts of the filing should be visible as of the judges approval?
Did u find it on pacer? Not up on http://www.kccllc.net/wamu as of now.
Thanks, should be changed a few times before the 30th then..
Yep, that's the one. Have i miss interpered the whole thing or isn't it good?
Dont know if this Motion have been posted earlier today.
http://www.kccllc.net/documents/0812229/0812229081212000000000003.pdf
Look at paragraph 7
If it gets it's little signature from the judge it would be nice!?
Order for Information exchange is granted.
http://www.kccllc.net/documents/0812229/0812229081216000000000009.pdf
http://www.kccllc.net/documents/0812229/0812229081216000000000008.pdf
And in plain english? =)
Close over 0.034... =) hopefully. but as someone TA-person pointet out we needed 0.036 to be good..
no problem, i took the time to read it. The poster on yahoo probobly did not?
No, nothing as of now. Just people who have problems understanding the language.
Yahoo poster is a good one.
Transfer agent? Not A/L... right?
Close over .034 would be really nice!
Hmm, didn't think about that one. Maybe youre right. Someone with the correct information?
Any news from court today?
"When they filed for bankruptcy, WAMUQ listed $32.9 billion in assets and $8.2 billion in debts. Obviously, much of that $32.9 billion listed in assets was internally-held stock in the WaMu bank subsidiary. What value was assigned to that? Equally obviusly, a substantial portion of the $32.9 billion in assets was NOT the bank stock, such as the $4.4 billion in cash. Based on other documents, the internal transfer value of the WaMu stock seems to have been about $20 billion leaving $12.9 billion in remaining assets which includes the cash. This would leave $1.2 billion of the common stock or about 70 cents per share and would pay off the preferred stock at the full liquidation value. However, things may be better than that.
First, there's the tax refund and NOL value. Those get added top the pot.
Next, it appears that a substantial portion of the $12.9 billion of non-stock assets is in...real estate. Now, the way that works is that the asset value carried on the books for the real estate is based on what was PAID when it was purchased/developed/built. It's actual value may be lower...or higher...than the book value. Since most of the WAMUQ real estate assets are likely to have been held for many years, it seems very likely that the actual value of the real estate assets (which are probably mostly commercial property) will be significantly higher than the book value...maybe 2 or 3 times higher. Any extra value will go ONLY to the common shareholders.
Bottom line is that the list of assets that will come out on Friday (which I would expect to be posted to the bankruptcy court web site late in the day) will be VERY interesting and may signal the abrupt end of the dark days of 2 cents per share. This is my current view of the situation and this is the reason that I am holding the stock."
From another mb (link: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=42545&mid=42545&tof=3&frt=1#42545)
The 4.4B$ is "delayed", a deal is in the works and we are getting interest on the money from JPM so for now they are chilling with it.
Assets / Liabilities report... to know whether we are in the green or not..
Almost no volume.
I hold 56k commons until 19th and see what will happen...
Nice Buy volume last 30 minutes! getting closer to the sells.. just 4 vs 7 now. Something is happening. Hopefully we all be happy on the 19th..
Yahoo poster Bobfan:
"Good sign, and it suggests the purchase is recent. However, their documents refer to the old series numbers on the preferreds. In any event their involvement is a good thing. David Tepper is not known for losing money. "
Anyone else have an opinion?
link: http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=te&bn=86316&tid=38876&mid=38876&tof=1&frt=1#38876
Reposting:
how about of these filings..?
http://www.kccllc.net/documents/0812229/0812229081203000000000007.pdf
http://www.kccllc.net/documents/0812229/0812229081203000000000006.pdf
http://www.kccllc.net/documents/0812229/0812229081203000000000005.pdf
The filings for the Three big? hedge funds in New York? Where do we find out if they sold or purchased or sold..?
//P
how about of these filings..?
http://www.kccllc.net/documents/0812229/0812229081203000000000007.pdf
http://www.kccllc.net/documents/0812229/0812229081203000000000006.pdf
http://www.kccllc.net/documents/0812229/0812229081203000000000005.pdf
The filings for the Three big? hedge funds in New York? Where do we find out if they sold or purchased or sold..?
//P
They have to keep the commons intact to preserve the nol
We will see on the 19th... =)
Little gap up today maybe... ask and bid 0.0405
This is a very nice summary, just what i was looking around for!
Thx Zardiw
Dude, it was thanksgiving yesterday and half day today...
But someone was hiting the bid... that's what i call selling.
Thx man, sounds reasonably.
Have a nice weekend!
Strange volume last 10 minutes. Alot of selling going on.. whats up with that?
I do not know, daniel001 should possibly have a clue or zardiw...
"But there is also new shares out now.. valued at 16.50$."
Link?
most of all are, i tried but it's hard for me to understand this lawyer language...
Sorry for not taking time reading it... this means?
thx anyways..!
nice, could you upload lvl 2 picture plz?
limit there is 32k wamuq at 1$ could easily go truth tomorrow lol!
I Could settle for 1.5$/share but i guess no one else would like that. TPG for example