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Based on the nice 8-k, where should OWCP go next Monday? Make your bets, ladies and gentlemen.
Bases on the nice 8-k, where should OWCP go next Monday? Make your bets, ladies and gentlemen.
Why November 9th?
How can elections affect OWCP (or any MJ related company?)
Is it better if republicans or democrats win?
TIA
A provisional patent costs 130 USD (patent pending).
All 8 provisional patents cost 1,040 USD (patent pending)
That doesn't really mean nothing...
What can explain the climb?
Hello, I noticed this stock in my radar yesterday, and today it climbed 50%.
Is there any news that can explain this?
What about Gotham City Research report on EIGI?
They nailed Gowex and some more companies, and EIGI's reply were a bit lame...
Thank you for your answer Catz.
PIERS are still owed monies -- fact. Up to about $10/share -- but it reduces daily by the up-send interest owed to the Notes that are senior to them.
Did you vote against the plan as a Wahuq owner or as a Wampq/wamkq/wamuq owner?
I think if the plan gets derailed then Wahuq, due to the subordination clauses, probably will get nothing...
Just curious.
Why this sudden WAHUQ PPS if they where -per Troy Racky's article- deemed to receive nothing?
Any explanation?
I am not sure if anyone noticed, but the recovery increased from 9 to 12 percent per the updated Disclosure Statement.
A question for all of you.
Hi there. I see many people around here and there concerned with the EC being the BoD of the emerging company, with what the value of the emerging company will be, and so on.
I have one question for all of you:
Do you think anyone from the BoD would accept a job in a sinking business? I mean, would YOU (with your 'insider information' as an EC member) accept a job in a company if you wouldn't see it clear to be a successful company?
I wouldn't.
So, after all, I think that's a message -trully a positive one-.
Thoughts?
No it hasn't been halted.
Bookmark this:
http://www.otcbb.com/dynamic/marketwatch/mwsubhome.stm
Whatever.
Numbers can be bended to our desire. If you eat a chicken and I don't eat anything, statistically we both ate half of the chicken.
GLTA wamuers, looks like a boring red day with no action at all.
I know WAMU is the victim. I think that's why we are here invested, because we know the failure was programmed, the seizure was somehow a kabuki theatre act to give away the assets to JPM -the Government Bank- and now we have hope on the Justice system.
The US is not responsible for the debt of Greece, or Portugal, or anyone else in the EU. They decided to borrow more than they could possibly repay,
oh yeah. US banks are all saints, with JPM and GS as the best examples. That's why we are here, fighting over for the scraps of WAMU.
Sub-prime mortgages started in US, then (US) banks packaged them in complex products with a pretty wrap paper and sold them everywhere.
And now Americans blame the EU for the wall street crash, it's never the US fault...
I think humbly you're wrong. JPM and FDIC are out of the mediation table, they are out of scope and are their 54B in bogus claims.
Don't take me wrong, but the 50$ million upgraded valuation had nothing to do with PJS. They even didn't have any tax expert.
I think it's healthy to ask WHY a profesional is being paid over 2,000$/hr. At least, to know what they are doing.
could you please scan it so that we all can see it? You could black your personal info, number of shares and so on...
Thank you in advance.
ptolomeo, if everyone got face value for their shares, do you know how much would be left over for commons? This incredible greed factor really has to stop. I think there's enough money available to make everyone happy. Everyone take a little less than face value, settle this mess, be happy and move on.
Total 8B in preferred value, a 5% haircut is 400$ million which divided in 1,7 billion WAMUQ shares make 0,23$ per share
Total 8B in preferred value, a 10% haircut is 800$ million which divided in 1,7 billion WAMUQ shares make 0,47$ per share
Total 8B in preferred value, a 15% haircut is 1.2$ billion which divided in 1,7 billion WAMUQ shares make 0,70$ per share
Total 8B in preferred value, a 20% haircut is 1.6$ billion which divided in 1,7 billion WAMUQ shares make 0,94$ per share
Total 8B in preferred value, a 25% haircut is 2.0$ billion which divided in 1,7 billion WAMUQ shares make 1,17$ per share
Total 8B in preferred value, a 30% haircut is 2.4$ billion which divided in 1,7 billion WAMUQ shares make 1,41$ per share
Total 8B in preferred value, a 40% haircut is 3.2$ billion which divided in 1,7 billion WAMUQ shares make 1,88$ per share
Total 8B in preferred value, a 50% haircut is 4.0$ billion which divided in 1,7 billion WAMUQ shares make 2,35$ per share
Total 8B in preferred value, a 60% haircut is 4.8$ billion which divided in 1,7 billion WAMUQ shares make 2,82$ per share
Total 8B in preferred value, a 70% haircut is 5.6$ billion which divided in 1,7 billion WAMUQ shares make 3,29$ per share
Total 8B in preferred value, a 80% haircut is 6.4$ billion which divided in 1,7 billion WAMUQ shares make 3,76$ per share
Total 8B in preferred value, a 90% haircut is 7.2$ billion which divided in 1,7 billion WAMUQ shares make 4,23$ per share
Total 8B in preferred value, a 100% haircut is 8$ billion which divided in 1,7 billion WAMUQ shares make 4,70$ per share
I learned in this case that LEGAL doesn't have to be FAIR.
Just hope Susman team rips them off A LA 'GAME OF THRONES'.
Agree, just wanted to know if Voodoo had made any numbers to see how much should prefs give up before commons see anything valuable.
I think a 5%-10% haircut could be OK, but anything more than that... I just don't see it feasible.
So, you would give up 250$ for each P you own (talking FV) to give roughly 1 buck to each common?
Now, do you think TPS super-aggressive team will give up 25% of their reward. I see them as rottweiler dogs, I think it's tough to make them let whatever their catch go...
OK, in case the priority rule is violated (I sincerely don't see it), did you take your time to make numbers and see how much preferreds would agree to give up?
Did you take you time to make those numbers? How much percentage of haircut do you think preferreds will accept?
Total 8B in preferred value, a 5% haircut is 400$ million which divided in 1,7 billion WAMUQ shares make 0,23$ per share
Total 8B in preferred value, a 10% haircut is 800$ million which divided in 1,7 billion WAMUQ shares make 0,47$ per share
Total 8B in preferred value, a 15% haircut is 1.2$ billion which divided in 1,7 billion WAMUQ shares make 0,70$ per share
Total 8B in preferred value, a 20% haircut is 1.6$ billion which divided in 1,7 billion WAMUQ shares make 0,94$ per share
Total 8B in preferred value, a 25% haircut is 2.0$ billion which divided in 1,7 billion WAMUQ shares make 1,17$ per share
Total 8B in preferred value, a 30% haircut is 2.4$ billion which divided in 1,7 billion WAMUQ shares make 1,41$ per share
Total 8B in preferred value, a 40% haircut is 3.2$ billion which divided in 1,7 billion WAMUQ shares make 1,88$ per share
Total 8B in preferred value, a 50% haircut is 4.0$ billion which divided in 1,7 billion WAMUQ shares make 2,35$ per share
Total 8B in preferred value, a 60% haircut is 4.8$ billion which divided in 1,7 billion WAMUQ shares make 2,82$ per share
Total 8B in preferred value, a 70% haircut is 5.6$ billion which divided in 1,7 billion WAMUQ shares make 3,29$ per share
Total 8B in preferred value, a 80% haircut is 6.4$ billion which divided in 1,7 billion WAMUQ shares make 3,76$ per share
Total 8B in preferred value, a 90% haircut is 7.2$ billion which divided in 1,7 billion WAMUQ shares make 4,23$ per share
Total 8B in preferred value, a 100% haircut is 8$ billion which divided in 1,7 billion WAMUQ shares make 4,70$ per share
When I said we are 50 million out of the money, I was already counting FJR. TIA.
Right now Equity (all classes) are out of the money at around 50$ million. That's chump change when talking about billions dealed in this BK.
Remember there is a burning rate of about 30$ million each month (thank you Brian Rosen for talking your fiduciary duties with the shareholders working 25 hours a day). I was being sarcastic.
Having said that, our next possible money income should come from the SNHs and a self-imposed claim disgorgement. Wallrath said the EC had 'colorable claims' against SNHs for IT, so it means EC would have chances to win in trial. That would mean that (if found guilty in trial) SNHs would face some prison time PLUS claim disgorgement.
IMHO Wallrath sent all parties to mediation to try to settle this without going trial. Because of that, SNH's should value their position and (probably) concede part of their claims that would then start flowing to Equity (preferreds first).
All IMHO.
I don't know. I calculated an all time average value between Ks and Ps and I got 1 P = 35.5 Ks (instead of the theoretical value of 1P=40K )
Based in this 'all-time-average' I've calculated, Ps right now should be in the upper 30's and not in the upper 20's as it's now.
I don't believe in MM PPS manipulation theories, but find this little bit weird to explain.
GLTA
Do you really feel as this 3 yr old case is going towards creditors getting 50cents on the dollar so that equity sees something? Really? I don't.
Ask K-Mart Equity investors.
If she wasn't Equity friendly, she wouldn't have let a hearsay based accusation (Nate Thoma) to get any grip, and we would already be somewhere near a graveyard.
I think she is in the middle of 'what she's being told to do' and 'what she thinks she has to do'. I'm sure she is being pressed by many ways we cannot imagine, by colleagues, by her superiors and maybe by some unknown third -powerful- parties (I wouldn't like to be JPM's target for example).
I don't excuse her, as I think she, as a Judge, has to rule as fair and just as Justice can be. I think she's been a little bit mild, and she could have ruled many issues Equity favorable, as the 4b, but if she didn't do it was because the debtor's crooks didn't allow her to do so, claiming that a global settlement was almost done. Of course debtor's definition of 'GLOBAL' didn't include Equity, it's just about semantics.
Music is about to stop. Right now there's not much money left. We are playing our latest cards and what we should try to get is SNH's claim disgorgement so that some money could flow to the Equity to make us (equity) owners of the WMMRC. With the control of that precious ship, the point of view would dramatically change for us.
Next step would be pursuing all claims pending outside BK court (against FDIC, JPM and debtors, why not). We could look for a merger so some big company could take advantage of the NOLS (maximized by the Old and Cold ownership of the NewCo) and it would be just a matter of time when we start wining the pending suits. At least the judge recognized we have (some) colorable claims, something to gain and get money for deeper and longer battles against stronger opponents.
Of course, the fast lane would be a settlement, but right now I think JPM and FDIC has zero motivation to settle, as the Judge stated the GSA is still reasonable.
All IMHO.
Thank you, hope you are right...EOM
People should set aside their previous dreams about this and just analyze what impact this will have on equity. My quick assessment is that P's are pretty darn certain to get a minimum of $100/share
let'em burn in hell. EOM
Don't trust this afterhours PPS until a few minutes before the opening.
The BID/ASK is usually crazy at these hours.
GLTA
Yes, your are right but what Catz tries to explain is that the POR has to solve all pending issues.
There are two (we know they're bogus) claims from JPM and FDIC totalling 54$ billion.
EC cannot write a new POR and make those claims just dissapear. They have to be properly addressed (through settlement, litigation or judge dismissal)
In the current debtor's POR 6.5, those claims are settled (in exchange of tax returns, or assets), but obviously JPM nor FDIC are not going to settle with the EC for less...
The only WAY OUT I see here is to appoint a trustee (a REAL trustee like McMahon) that would fight those claims.
Lol it was fun.eom
Translation:
EC, whatever you do to increase the A>L we will put 54$ bogus billion claims in the Liabilities side to avoid that happen.
Wallrath has to stop this scam.
Chiron, you contradict yourself:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66675513
Probably threw $2800 down the toilet, but that's better than missing out on 100 grand or even 20 grand if this goes to $200 on good news.
I think PQ will see more than today's price, that's why I bought, but maybe $40 - $60 on good news.
Fdic and Jpm both filed a "we all know except Rosen it's a bogus claim".