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I'm absolutely clueless about what's going on. This could be a typical pinksheet pump and dump but perhaps it will realy become a merger!
I realy don't know what will happen, but I'm still holding 2% of this shell!
Nothing will happen here without news! Very simple: There are no buyers!!!
Seems like the hype is already over!
Like I said before: This can run big with positive news but nothing will happen without any positive development. Actually this is nothing more than an empty shell with some merger speculation!
Sees ike it would be good to put your Alias on my watch-list! LOL
I would be very happy with 5-10 Cents, but we will not go there without positive news!
This could realy skyrocket with some positive news but without we will see triple zeros again!
I'm holding RFNS for years now, but I can't find any reason for todays movement.
Is this just merger speculation?
Are there any facts???
What's going on here? I still have 2 Million RFNS-Shares sleeping in my account for years and today it looks like they are awaiking!!
Are you kidding?
That has been exactly my feeling. The judge did as much as she can for equity!
Will we get both: The 5 Cent and new shares?
Unfortunately it refers to creditors not equity!
I own WAMPQ and WAMUQ but I think that's not fair!
I ask myself how the new shares will be divided? Of course I know 75/25 prefs and commons, but what will happen to the ratio if 50% of commons did't gave releases but 85% of prefs did?
I realy hope the new shares will not trade public until there is a solution presented for the NOLs!
This letter is simply to late!
That doesn't mean FGOCQ will be part of the reorganisation - most likely equity will be left in the cold!
I still own my shares but don't expect anything good!
I hope so. If they don't give releases it will be a nice gift to WAMPQ!
Not for me!
My broker statet that I had time to sent my ballots until 1st of February. Past this date they will not be able to do anything for me - so I already sent back all ballots but I don't dare any longer to trade in any WAMU-securities.
I think the risk in traiding WAMU is actually to high!
Yes, the float is drying up but there will not be any buyers because the risk actually is to high. If you buy today you may not be able go give releases in time and you may loose all your money on 29th.
I have to agree with you: I hold WAMPQ and DIMEQ in my broker account and some WAMUQ in my standard bank deposit. My bank gave me time to sent back the ballots until today 10 am and my broker gave me time to send it back 02.02.2012 until 2 pm. Both stated that they will not be able to do anything for me after this deadlines!
I filled all my papers and send them back. From now on I will not touch any WMI-shares until this mess is over!
I'm in relaxed waiting modus from now until I hear anything from our new BOD in a few months.
I think you are absolutely right and you should show your arguments to Susman/Godfrey and the EC. I already wrote a letter to Ed Sargent - this whole voting is a complete unfair mess!
Many shareholder will be left with canceled shares standing alone in the rain.
First they were robbed by FDIC/JPM and now the will be raped by the EC and WMI!
IS'S A SHAME!
Some Questions:
1. If I don't vote on the plan and just give releases I will have time until February 28, right?
2. If I don't vote on the plan I have time to buy more shares until February 28, right?
3. If I don't receive any ballots from my german broker I have time to sell until February 28, right?
This is a very important question for me, because I'm from Germany and actually it looks like german banks don't sent voting materials automatically in the wamu case: Do Dimeq have to vote and give releases like commons and prefs or will Dimeq be converted automatically into new common shares???
Do Dimeq have to vote and give releases like commons and prefs or will Dimeq be converted automatically into new common shares???
That would be the best solution but actually it's wrong. You have to give releases to get shares in the new company!
Danke! War einen Versuch wert!
Do you know a broker in Germany who supports the Wamu-voting procedure?
Seems my 70000 Dimeq last week at 0,089 were a good buy!
Many thanks from me, too. Greetings from Germany!
another important question concerning the voting procedure: What happens to all thoose short shares in the market??? So maybe it would be a good idea to short all classes of equity. If the shares disappear I don't have to pay them back, right???
I have to say that this voting procedure is realy unfair. Thoose shares that vote "no" on the plan and the releases should get no shares in the new company but all shareholder that don't give any vote, neither "yes" nor "no" should be converted automatically into new company shares!!
I already mailed my concern to Nelson, but didn't receive any answer until today.
Has anybody an email-adress from the EC??? We need somebody to adress our concerns!
I have the same problem here from Germany and I have to say that this voting procedure is realy unfair. Thoose shares that vote "no" on the plan and the releases should get no shares in the new company but all shareholder that don't give any vote, neither "yes" nor "no" should be converted automatically into new company shares!!
I already mailed my concern to Nelson, but didn't receive any answer until today.
Has anybody an email-adress from the EC??? We need somebody to adress our concerns!
But how can the appeal help us after our Dimeqs would have been converted into common shares?
The judge ruled that DIMEQ is common equity and will be converted into shares of newco, but nobody knows about the conversion-rate.
What's about the comming POR7-voting? Does DIMEQ has voting rights?
So DIMEQ will be changed into commons, but what will be the conversion rate? 1 Dimeq= 1 WAMUQ???
My average is around 27 in WAMPQ and 0,07 in WAMUQ, so I think this will become a good deal for me,too!!
Exactly my opinion! I'm going to vote "yes" for my 2500 WAMPQ and my remaining 400000 WAMUQ - and I have no problem to hold my new shares over a period of 2 years!
But my problem is that I'm from Germany and my shares are in a german broker account - I realy hope that I will receive my documents in time! On the first voting round I only hold WAMUQ, so I wasn't entitled to vote. I can imagine that voting might become a problem for foreign shareholders like me!
Hopefully everything goes fine. When are the voting documents expected to arrive?
I don't know. I know longer make PPS predictions for this disaster. I'm realy disappointed about actual PPS. With POR6 equity was worthless - now with POR7 we own the entire company inclusive 17 billion NOL but PPS is still on POR6 level!
I expected at least 20-30 Cent during this week and much more volume! But I was wrong again!!!
Why has this been found and published today and not two years earlier?
Is there a reason to choose exactly this moment to publish it???
I expect to see an EC PR tomorrow after market has closed!