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Very Good points.....
I luv the fact that Aurelius came out with this objection right before the scheduled two monkey depositions. Just to let the other hedgies know before they get deposed that they are out of the GSA....
Did you forget that your in pennyland, with a bankrupt company. Every old or new investor that invest in these type of plays undestand the risk and potential reward.
We live in the land of assumptions and breaking down DD. IMO the latest filing shows that equity is in the money and I'm entitled to that opinion.
They may be asking for the additional accrued interest which is around 1.36 billion dollars.
4 billion plus the interest of 1.36 billion. Total of 5.36 billion.
In figurely speaking equity is out of the money. If you keep reading there are many signs that indicate that equity is in the money within this objection. If you look at yesterdays objection by Aurelius in regards to TPS again they state TPS is trying to gang up on settlement noteholders to help extort AN EVEN RICHER SETTLEMENT... That say's it all to me... that there is a settlement that includes equity is in the money...
That's a good one DanBB...
It really depends on what kind of dirt Aurelius has on JPM... Aurelius just shot off a warning shot on record to JPM stating hey cough up some cash and help us bury the bodies. I think JPM is going to make the hedgies sweat it out for awhile before they decide to come and rescue them.
This objection by Aurelius clearly imo states that equity is in the money now....
Hedgies want JPM to cough up some cash to bury the bodies for all... That's what this objections reads....
Wow.... Wow.... This is a whooper of an objection by Aurelius.....
A must must read for all shareholders.
How the hell can you have a hearing and two major depositions going on the same day..... Come on give me a break.... It will save the estate money by not having the hearing....
An Even Richer Settlement? I thought the settlement discussions fell apart. Sounds like the settlement noteholders still have a pending deal with equity after reading the objection filed by Aurelius. Sounds like Aurelius feels that TPS wants to get involved so they can extort an even richer settlement. hmmmm sounds like there is a deal still on the table and could possibly become a richer settlement.
Thanks Aurelius for the update....
Aurelius states in it's objection. Since everyone was illegally trading during the settlment negotiations it must mean that it was ok for you guys to go ahead and break the law. Thanks for throughing everyone else under the bus.
We have just won the WAR on the statement that equity is not in the money.... How many times have your heard equity is not in the money.... Seems like a thousand times.... When Rosen presented to the court that it makes sense to settle with equity that was winning the WAR.... It's been a long bloody bath and many shareholders lost there lives along the way.
In time we will win the battle!!!!!
Happy Father's Day to all my fellow WAMU Family...... Remember to spend your day with your family and enjoy this beautiful day..... My investment in WAMU feels more secured than ever. All WAMU equity will survive...... Have a little more patients and let the negotiations continue to unfold. All is good.
True....
I agree.... Let the truth be told and send these crooks behind bars....
It just doesn't make sense to go and negotiate a deal for equity when you don't have the authority to do so..... other than a possible smoke signal by Susman and equity board members letting equity holders know that they are working on a deal so hang tight.
Maybe equity preferred board members had a change of heart....
The thing that puzzles me right now is the fact that why did Susman, and debtors agree on a settlement when they never included TPS. Did Susman think for one minute that they could negotiate a settlement with SN's and debtors without the approval of TPS???? Why go and negotiate a deal when you didn't have total authority to negotiate for everyone or someone being able to shoot the deal down.
I hope your right so I can load up on more P's.... This will be the best opportunity to buy more if the prices tank as you suggest. I have 10k loaded and ready to buy....
you are being so shallow..... You need to see the big picture and the big picture is the deal didn't make sense for preferred holders. Debtors have no other choice but sh_t and find the extra money that will benefit all preferred holders and hopefully give commons the majority ownership of WMMRC.
You need to know how to negotiate during the last stretch, and this falling apart of the settlement will bring more money to the table. You have waited this long what's another few months.... Chill it's all good.....
At the last hearing Rosen expressed to the court that the equity committee had not found any wrong doing by the Hedge Monkeys.... Well I guess the opportunity to express those wrong doings have been called out by the equity committee by rescheduling the depositions. Rosen was so quick to express to the court that nothing wrong had been discovered by Susman. This latest filing is putting Rosen on notice on either you accept our settlement terms or we will get the dirt we already know about the crooked Hedgies.
I noticed that also.... and I totally agree..... but I still think something else is in the works from the original proposed settlement announced by Rosen.
IMO... the settlement presented to the court has changed.... or else we will see POR 6 go to confirmation. I personally don't see this happening either. I'm convinced that there is negotiations going on by all parties involved to make this all go away. We would have seen POR 7 already if it was the original proposed PR settlement that Rosen proposed to the court. Since it wasn't submitted by the 7 to 10 days something else has materialized. Something else is in the works..... The billion dollar question can all the parties come to an agreement, but on the other hand can all parties not afford to come to an agreement.
Luckybear.... You might be right with that speculation......
Is it Friday yet????
same here...
Just bought a few more... thanks for the cheapies...
If there is no deal why would equity/Susman cancel the appeal with delware? Yes it was cancelled with prejudice. So no nothing makes sense at this point other than there are other T's and i's that need to be dotted.
How did Rosen or Susman think they would pull off this settlement without TPS... TPS was not informed of all the settlement discussions that were taking place behind close doors. Do you think for one minute Rosen didn't have a plan to satisfy TPS.... It's obvious to me that Rosen has already spoken to JPM and FDIC about there involvement to make this go away once and for all. I truly believe that JPM and the FDIC will kicking in tax refunds, assuming TPS, possibly preferreds. Something is in the works by all parties to get this over with.... hang tight everyone!!!!
Welcome... We have all been in your shoes, great time to come out of those laker shoes....
Well I"m sitting back with an ice cold Miller Lite in my hand just chilling waiting for tomorrows last chapter to unfold..... Here is a Cheer hoping Susman has sealed a good deal for equity....
If you were JPM, Rosen, Debtors, FDIC why would you want this potential exposer to continue to linger around when you have the opportunity to settle now. Settlement NoteHolders cracked the door for equity and now it's time for equity to open the door wide open with working a settlement with JPM, FDIC to end this madness. Get your releases while you can!!!! Buy out WMMRC Why not!!!!
Don... just remember you buying in a .16 is a good buy. Mr. Willingham who sits on the equity committee board bought his million shares at .20 cents.
Walmart would be huge merge partner, and there are many other possibilities. Just remember that WMMRC was initially mentioned to be some form of insurance company. Now there is all this talk about it being in the banking industry. Sudden change now with equity being in the driver seat as majority owner in WMMRC.
This talk about WMMRC being in the banking industry isn't just coming from shareholders, it's coming from Rosen and research data within equity attorney billing statements. It's for real!!!!
Something that sticks out to me during the last hearing is when Rosen mentioned to some extent about accepting bids from all banks... He even gave an example as to XYZ bank wants we will look at all avenues. Was this a fire shot to JPM? Possibly so...
If you were JPM would you want WAMU back in the banking industry anyway shape or form.. I think not, I would buy them out now and kill the WAMU name completely and get the releases....
Now is the prime time for JPM to make a bold move and get into the negotiations. It seems as equity is building mojo by Rosen annoucing that equity will retain WMMRC with the posibilites of being merged within the banking industry.
This deal will not fall apart.... it's all systems go!!!!
IMO the plan will be introduce no earlier than Wednesday during the hearing. Rosen loves surprises and he will lay down his plan during the hearing.
I like for out look....
We need are legal representation to negotiate the best possible deal for equity without rushing into anything. Last minute negotiations can turn into getting a bigger piece of the pie.... We have one shot and one opportunity to negotiate the best deal, so who cares if it takes longer. Get the best deal you can... Delay in POR 7 coming out within the time frame Rosen mentioned in court means negotiations could still be going on.
NO NEWS!!!
IS
GOOD NEWS.....