I never predict a settlement date and trying to be realstic,but I had a strong feeling the settlemnt or sort of big event is coming down this weekend.

It's not a news,Mar 24 is offical 18 month of exclusive period end.Weil filed the motion last month and I believe it's the last extend.

MOR said it might estimate add addtional 17millions(or around) to the WMI Investment corp. No way it can up to 600M to 1B

You need to examine the applicable tax laws surrounding NOLs.

jackson227 as well.LOL.

Amended SOFA
http://ghostofwamu.com/documents/08-12229/08-12229-2143.pdf

I care to post the link only for someone might not see it before(which I believe most of you saw it already),not for you Johnny I knnow you had it,since EC blow up your dream in WMB bonds, you been hiding for a while don't you ,lol.

you are totally wrong,just check the amended SOFA . You will see the Captial contribution and Tax Payment 3bln to WMB. Of couse you already saw it you just pretended not knowing.

Nice try,obviously you forgot WMI Prepaid WMB 3bln at the beigining of 2008 base on estimate tax-refund calc ,also WMB will not entitle to addtional 2.6bln NOL cause JPM received TARP...
oh..no.why do I replied , you will ignore and twist any fact.

That's Rosen speaking, basically what he said 20-30 is "pie in the sky" , doesn't mean I agree with him.
But from that can tell, they are really monitoring the shareholder's board, i-hub,yahoo..

At least they didn't list any wmb bond recovery scenario.LOL.

Not yet, she doesn't sign it yet.

That's my thought as well.Before EC intervented,Weil might pushing a reorganization plan to pay bond holder nearly face value(50%-90%),retain certain amount of cash for ongoing litigation and issue warrant to equity and noteholder.That will maximize the interest of weil and potential maximize the reward for equity.
Without EC in place,the reorganize plan won't receive objection cause bond holder get what they want and potential return from the ligating and of course,Weil can keep their multimillion job .
We can't say it's right or wrong,but regarding most of us rather to be paid timely than paid big,can't say it's best interest of equity holder.EC will have a vote on the plan if bond holder be paid in full,that's a game-change event.

jw?

I believe today the EC will be formed. And then UST will notice the court ,Weil might have a motion to object the EC ,and then Judge will ruled on the motion itself but in the meantime,EC is formed already and lawyer of the EC can present in the court.

Do you have any proof about your listing of doubt?If no,please remove the "Fact".

Totally misleading post, NOLs is "amount by which the cost of goods sold plus operating expenses exceeds operating revenues"
WMB is wholly own by WMI and 100% stock of WMB fsb is owned by WMB. You can imaging how big the NOLs is when WMB is seized by FDIC.
Plus,I don't beleive an outsider can have more accurate estimation than a consulting firm hired by WMI.

"Section 1102(b)(2) of the Bankruptcy Code provides that committees of equity security holders will ordinarily consist of the persons who hold the seven largest amounts of equity securities of the debtor. When appointing members to a committee of shareholders, inquiry should be made concerning whether the holders acquired their interest before or after the commencement of the case. If the interest was acquired postpetition, the holder may well be designated as a "speculator" and potentially afforded different treatment under a plan. See In re Four Seasons Nursing Ctrs., Inc., 472 F.2d 747 (10th Cir. 1973). Since the appointment of these members may distort the "representativeness" of the committee, this circumstance should be considered by the United States Trustee in making the appointment."

Do I misunderstand the concept of Reverse splitted?why Wampq convert to common called R/S?

I am not a tax expert but I do have a doubt about the theory that JPM buyout WMI will get the 5.2bln NOLs tax refund money.In the IRS code there is a 3 year back testing period on rolling bases for ownship change limitation. Means even JPM buyout WMI after they received the refund it will still trigger the ownership change event.
JPM might just settle with cash or co-found a compnay with WMI.Just my thought

Wamuq call open interest are rising , I noticed the open interest jump from almost zero to around 80k for Jan 2010 on strike price 2.5 , just wondering if short are hedging their pos by buying call. if 100/contract that would be around 80million share , And the option expired date is suspecious , there is no hedging if the call is expired, I have no idea how many of them are long call options or just covering short sell position,but it's interesting to see.

Been in FX option market for a long time. Greedy/Fear drive the market but eventually fundamental rules. I like the R/R base on the recent development, and it's a prediction of course. A>L is not firm yet but most of us certainly like the odds.

Mffais is crap. I compared multiple file in SEC and the data in Mffais, they report institution sold all of the share when ever wamuq holding have been put on a different place in SEC file. They need to impove their scraping software IMO.

So any analyst in financial market is BS according to what you said because it's not in stone. The whole stock market is built on prediction. UST motion in court is clearly state they want to appoint an EC ,and that's good enough for me.

Dr,from what I read, I believe third party releases is an order bankruptcy court can release a party from future lawsuit and potential related to existing bankruptcy case.
The major factor of settlement is to avoid commit wrong-doing and following consequence. A third party release can actually release the burden of FDIC/JPM and prevent any other party seek claim against them. On the premise of that, they might already have settlement talk and that’s why debtor seeking for a Third Party Release.Without EC present , these talks could seriously damage equity’s interest because they might seeking for rather simple settlement instead of trying to maximize the asset of estate.The talk might still going on or nearly finished,that’s why UST need to appoint an EC in an urgent manner.
Again ,if a third party release order motion is filed, theory that shareholder receive warrant of interest in continious ligitiation will be toss out of the window.

UST "Exigent Circumstances" might related to this IMO.

TDS was making a substantial contribution that was necessary for Airadigm’s reorganization to be successful.[8]

This is the key.FDIC /JPM to avoid the future claim as a third party,they have to make a substantial contribution to WMI's reorganization to be successful.
Only question is ,what did they offer and how much.Equity's interest will be damaged without EC presents in the talks.

"Release" aka Third party releases aka non-debtor release (IMO)
Althought we are not in The Seventh Circuit,
The Seventh Circuit, in Airadigm Communications, Inc. v. Federal Communications Comm’n. (In re Airadigm Communications, Inc.), has joined the circuits permitting the non-consensual release of a non-debtor third party from its obligations to creditors in chapter 11 reorganization.[1] The case revolved around Airadigm Communication’s purchase and financing of fifteen personal communication services licenses from the FCC.[2] When Airadigm began to fail the company filed for reorganization, and the FCC cancelled the licenses.[3] During Airadigm’s first chapter 11 reorganization, it received financing from Telephone and Data Services (TDS), who agreed to repay the FCC the debt owed on the licenses if the FCC reinstated the licensees.[4] Although the FCC did not originally reinstate the licenses, in FCC v. Next-Wave Personal Communications Inc., the Supreme Court ruled that FCC could not legally cancel licenses simply because a communication company files bankruptcy.[5] Thus, the FCC was forced to reinstate Airadigm’s licenses, which caused Airadigm to file a second Chapter 11 case.[6] The plan confirmed by the bankruptcy court contained a release protecting TDS from all liability “in connection with” the reorganization except willful misconduct.[7] On appeal, the Seventh Circuit found that the release was necessary and appropriate because the release was narrowly drawn and TDS was making a substantial contribution that was necessary for Airadigm’s reorganization to be successful.[8]

The court date postponded to Jan 20.

“the judge Friday said it in court that we need to bring in an equity committee”
I don't remember she ever said that. US Trustee is asking for a list of equity holder in preparation to appoint a EC.
Only if US Trustee officially appoints an EC and receive objection from Weil, there will be hearing and then she can make a decision.

“walrath is supposed to rule on equity committees for commons”
This is totally not true

Completely agree EC is coming.
And to be accurate, tomorrow hearing is "Motion for an Order Directing the Debtors to Produce a Sortable List of Equity Security Holders Filed by United States Trustee", is not a hearing about appointing an EC, Trustee haven’t officially done it yet.
And also, EC doesn't necessary to be ordered by THJMW unless there is an objection. Since Trustee doesn't officially appoint an EC yet, I pretty sure will not be tomorrow.

It's too early to said wamuq forming a double bottom,but K and P have been running on channel bottom and should start to increase stablelly ..well.if there no Maniplation!!

Relax, even there is restriction, the wamuq will bounch to the level of striking price , you still have a chance to sell only a little bit less.
But we better focus on what is going on other than worry about how to spend the money.

Anybody think the spike to .44 is because Trustee trying to appoint an EC ? Wondering what the share price will be if EC actually appointed.

Isn't you swear the EC will never make progress and there no possibility forming an ad-hoc EC , also you laugh at Joyce about her effort and said it's a joke?

Yes,Linda .The discussion about American fund increase holding wamuq have been going on for a while and lead to some kind of conspiracy theory ..just want to put it on rest.It's still encouraging they still holding 25millions shares thought.. yes..25millions is not Waste Management ,it's Wamuq

Investment Co of American never buy wamuq at Sep-30

There is no hide on the volumn for the ECN,..it's just a little bug in Mffias' automatic parse software of the SEC filing
here is a link to all the sec file of investment co of american
Click here
Now check the "Quarterly Schedule of portfolio holdings of management investment companies(N-Q) Sep 30,2009" filed at Nov 27,2009
Click here
turns out to be Mffias website took every report period end date as a transaction date and sec filed date as a filed date.

And check back the report period at Jun 30,2009
Click here
and repot period at Mar 31,2009
click here.you can see 25Million share is there as well.The share never been bought at Sep 30,2009
So Mffias website is no more than a crappy Sec Files data collector.
I really appricate the DD here but please trace deep enough to provide authentic theory instead of misleading people by some conspiracy theory that never can be proved. BTW.I am a long time long here and continue to believe the value of the WMI

If JPM paid the money already,the 1.9 bln supposed go to WMB Bond holder after FDIC deduct the aministration cost.
If FDIC paid ,wmb bond holder is actually on the top of the list getting paid.But that will only happen in DC court,not BK.
IMO

Roger Federer?

WMI should filed a 15bln claim against FDIC for their broken coffee machine, this dispute claim will effectively keep the money in WMI according to set-off logic by "genius" JWinter.

4bln is already included in the asset of 6.9bln,we need extra
4.85bln besides 4bln deposite to see money in commons.