Climb ,in the MOR all the number in WMI inc already include the WMI Investment ,so A still 6.9 and L still 8.3.

I think Veneable should ask court to order Quinn hand over all the 2004 discovery doc and finding as a party in the BK case.That might be their leverage once they became a party of SJ and AP.

Becasue EC doens't have a legal stand in both SJ and AP.THe intervention motion hasn't been signed by Judge.

I just talking about the 50M .And yes..the settlement offer must and will be shoot down by EC. I hope JMW signed the order of EC intervention next week then show begin.

Dude we all in the same boat no matter P or Q.But please say something base on fact ,P might be at 0-224$/share in proposed offer and it have to be shoot down.

Any fact or link back up your statement?

This will obviously violate the SEC rules if without JPM/FDIC committed fraud.

Actual link pls?

The motion is at Mar 3 and Judge obviously waiting for a settlemnt before she sign this motion and the motion to intervent both SJ and Adversary Proceeding.
It's a good sign for us though.

Can you read the doc date before you talk?

Agree, I am in the camp that MM doesn't know a $hit of the inside info.
They just tend to set the stock price into a maximize-volume zone.
Many post refer NITE as a heavy mainipulator,but you can find NITE is active on most of the pinksheet stock. Yes all the MM link to big banks here and there , MM usually don't hold stock and they are not hedge fund, thier profit model is buy @bid and sell @ ask to earn the spread.

My god not again how many times these kind of stupid post comes up.check the maturity date of H and thet are getting paid of back interest.

Haha.I bet you didn't buy anything back.Poor guy RIP.

52/1.7 = 30.xx right?where is preferred where is 1.3bln gap in L,
Gosh..why I always seeing these kind of posts

So why JPM/FDIC want to settle the 4bln/NOLs if there is still litigation going after them.I don't see that will happen.

They do state they have consent of credit committes,but obvious the three party you mention here is JPM/FDIC/WMI.

Are you kidding me or you just don't know the three party means WMI/FDIC/JPM.
Do you ever see unsecured creditor committe mention here ?
Try to be calm is okay but twist facts is totally not cool at all.

Hello Johnny, they have no chance in BK court unless there is a global settlement.

Why Weil continue on 2004 discovery when they are in the settlement-talk with FDIC and JPM?Why Weil doesn't withdraw the counter-claim in Adversary Proceeding while they are in good-faith settlement talk ?It's just naive for Venable not try to intervent until settlement printed black & white in the paper and signed.
IMO.

You are wrong.EC intervention will speed up the settlement talk,mark my post.

True.not exactly the same phrase,"review", are you implying ...lol...I luv what you think.

Yup. And FDIC want a settlement and release agreement! Did anybody remember if the settlement talk continued in Dec Billing,they might well aware the EC will be in their way.

They do have similar talked back to Nov 2009,

11/11/09 DPS 0022 Discussion with representatives of WMI and creditors; follow up discussion with FTI and Akin teams; correspondence on settlement issues

11/12/09 RAJ 0022 Analyze issues of releases in connection with settlement; conference call with co-counsel re FDIC receivership and release issues; follow-up conference with P. Gurfein re settlement issues

11/12/09 DPS 0022 Conference regarding settlement issues and professionals' call agenda OAO; conference with P. Gurfein regarding release issue

11/12/09 BMR 0017 Conference call with P. Gurfein, T. Nelson, T. McTaggart, R. Johnson re FDIC and settlement logistics


In A&W billing I believe.

Settlment and Release ,very interesting item mentioned here.FDIC want to out of any pontential ligitation. Here is one sample of settlement and release agreement.
http://www.nj.gov/oag/newsreleases09/pr20091112a-Walsh-Settlement.pdf

I'm new to this,
Since you are new to this,you better do more reading before you start to call "fantasy"
And I don't believe in stock swap could happen due to NOLs restriction,but "Stock Swap" doesn't have to be 1:1.

Might be relted to the up-tick rule vote in SEC today.

It's against the law in our cases. You can't compare apple to oranges. We ,shareholder ,are the owner of the company and any compensation from third party to the debtor will benefit the shareholder.
In BoA case,it's a government agency accusing wrong doing of BoA to shareholder. If you really want to compare,a class action against WMI would be similar here. But absolutely not the BK case.

Sorry if I misfired ,there are so many new id shows up amd referenced some basher post in the name of "info" and copy the topic we already seen seem 100 times .
Don't try to understand the market , it's a result of random activity ,madness,greedy,fear...P used to be @ 2 now is 75,price is not the cause but the result of recent development. Stick to the facts.

So many bashers are here and yahoo today pretend to be a shjareholder try to spread negative info by asking "questions" , something good must be coming . And pls don't feed the animals.

1.There is no court doc indicate the EC lawyer get paid by % of the settlement .It's in BK court,EC laywer is paid by WMI and not EC"s private hired lawyer team.
2. EC has the final call on the settement decision on be half of shareholder,not the EC lawyer. EC can fire their laywer and find a new team if they are not satisfy with them.
3. The EC member is long time long on the messageboard and they are very knowledgeable,even might be better than their own lawyer team regarding this bankruptcy case.

Come on,the Saving plan settlement in late last year.I believe it's Sep. You don't know what you're saying.

Will see EC motion to intervent Adversary Proceeding soon,IMO.

It's a normal procedure , we might not know what's the real intention of JPM behind this but there is nothing wrong base of facts JPM tried to merge the plan .

I believe EC won't be and not required to sign the Unseal agreement until they file an intervention motion in Adversary Proceeding.

By Dec 2007,WMI repurchase 102,545,978 share,40$/share at the begining of 2007, 13$/share end of 2007, amount would not exceeds 3bln,Than Management take the action due to credit crisis,
"To bolster its capital levels and liquidity position, the Company issued a total of $3.9 billion of Tier 1 capital in the fourth quarter of 2007, comprised of $2.9 billion, net, of noncumulative, perpetual convertible preferred stock issued by the Parent and $1 billion of noncumulative, perpetual preferred shares issued by Washington Mutual Preferred Funding LLC, an indirect subsidiary of Washington Mutual Bank. Additionally, commencing in the first quarter of 2008, the Company reduced its quarterly cash dividend rate on the Company's common stock to 15 cents per share"

DO Twist the fact johnny, but seems it's all you can do.

And wmb won't keep 3bln prepaid tax eom

Nobody will leave these kind of hard evidence in the email and criminal can be nailed by surrounding evidences.That's why a jury trail is needed and the risk for JPM huge according to what we found so far.
The risk is driven force of settlement,if hard evidence is found ,there will be no settlemnt talk at all.DOJ will take over right away.

How many times people needs to be corrected wahuq is not settle less than face value. Full maturity ($50) would not occur until 7/01/2041 and Wahuq already got it's back interest.

Dimond ,I am talking about JPM buyout WMI Holding scenario.

Not going to happen,NOLs have 3 year back-test period of ownership changes.Buyout WMI will significant reduce the value of NOLs.JPM will not benefit much from it.

It only confuse you not everyday investor.