Its gonna jump first thing tommorow morning. It sounds like these guys have their stuff screwed down tight.

Seems to me that JPMC has been planning this takeover for a long time.

So why would they only play 3/4 of the plan and not have an end game? Are they that naive to think they would not get their hands caught in the cookie jar? Just about everyone on this site has convinced each other of the outcome of this case. I would like to know what the average broker is telling his clients about wamuq. What is going on out there? In my world it seems to me as soon as they appointed an examiner the price should have gone up just by the simple fact that there are so many people watching this case. I know the standard answers to these questions but they always skirt around and never answer direct. It is as if there is a certain kind of denial here. The big money is waiting, we have been loading up a long time, and the Euro players are manipulating the price. It is always hard to get the truth. But .17 a share and holding? Maybe the smart guys can see it but I can't.
By the way I am large and long.

Something else:

The main effects of these trials after one year are as follows:

Approximately 66% of the patients achieved at least a 5% weight loss. Over 33% managed to achieve a 10% weight loss
The average weight loss was 8% or 17-18 pounds
It was found that both the heart rate and blood pressure went down
Lorcaserin produced no signs of depression or suicidal tendencies and actually managed to improve the quality of life
The only real negative event was that certain patients suffered from mild or moderate headaches

Can somebody with more knowledge than me comment on this please.

TradeTheTrend | July 01, 2010
Jul 1, 2010 -- Arena Pharmaceuticals (ARNA) and Japan's Eisai ink a deal worth potentially more than $1.3 billion to fund commercialization of an obesity drug that could become Arena's first product.

Arena said Eisai will pay $50 million upfront for rights to sell lorcaserin in the U.S. In addition, Arena could get as much as $160 million in payments for reaching certain development targets and getting the drug approved by regulators, plus a $1.16 billion one-time payment in the future based on the level of annual sales.

Arena will manufacture the drug and Eisai will distribute it in the U.S. Arena keeps the rights in other countries

I just want to know if the Q stock is only worth. .18 according to what is on the books now. What did J PMC do with all the money? The examiner had better be good at playing their game. Because you know jpmc is shuffling the deck right now getting ready for the examiner. Stacking the deck that is what jpmc does the best. And they never enter a fight without knowing the end.
I wish Obama would chime in and crack the whip. This is what America needs right now. A little reverse flow on the wealth and a little good news.
Also what does it mean to the share holders, that jpmc requested they be removed from the s&p CD?

IMO they will drag out the settlement until Jan. So anybody who gains will get the heavier capital gains tax burden. Am I Right? Wouldn't you if you were the Feds?

Can somebody break this ruling down and explain it in plain English please. I am trying to understand but I don't know the facts. And why isn't the common moving anywhere?

what is this supposed to mean?

WMI will establish a liquidating trust to make distributions to creditors on account of their allowed claims. In accordance with the terms of the Plan, the trust will distribute funds in excess of approximately $7 billion, including approximately $4 billion of previously disputed funds on deposit with JPMC.
It is anticipated that the reorganized WMI will undertake a rights offering pursuant to which certain creditors will receive a right to purchase newly issued shares of reorganized WMI common stock. The reorganized WMI will retain equity interests in WMI Investment Corp. and WM Mortgage Reinsurance Company.
JPMC will assume certain liabilities related to benefit plans (including the pension plan sponsored by WMI).
The various litigations involving WMI, JPMC and FDIC will be stayed or dismissed. In addition, JPMC and the FDIC (in its capacity as receiver of Washington Mutual Bank and in its corporate capacity) will withdraw claims against WMI’s bankruptcy estate and the parties will exchange mutual releases.
Preferred and common equity securities previously issued by WMI will be cancelled.

I just want to post this and I will shut up. IMO after all I understand about all these events and dealings. If this case against JPMC and the FDIC goes against WAMU and the shareholders, it will be a complete breakdown of the justice system, the Federal government and the banking system. After an unjust ruling who in there right mind would ever trust anything coming from any of these people? This is so ridiculously unfair to the American public. It has been a travesty. This whole down turn in the economy was caused by the gas prices of 2008 and these inside bankers and who else manipulting the economy so they can have everything for themselves. History will show that this was one of the major straws that broke America's back in the 21st century. Unless the true American spirit shows up we are all doomed. I just hope that the big banks don't have that much power after all is said and done.
What ever happened to; Truth, Liberty and Justice for All?

How many different types of wamu preferred stock are available?

It is always quiet before the stampede. Wamoooooooo!!!!!!!

If Sussman can pull this off, I would vote for him for President. Why not?

there was a guy saying he had all the docs from the take over. Before they said there was an error. and he disapeered.

JPMC must be freaking out thinking that one of you has the original document. I wish I could be a fly on the wall right now.lol.

If they settle and common shares go to $14 what happens when everyone wants their money at the same time? What happens to the people who stay the course? Do they get more in the long after they rebrand all the bank fronts and it is business as usual?

Do you think that the "settlement" will come down Monday morning instead of Tuesday day just to save JPMc money?

umaw...thank you...But what is happenning now? Look ma no floor.

Goldman settled. Seems to me the bad banks are trying to get out of the rain before the new regulations. FDIC was given new powers this week. How does this effect WAMU? And why isn't there more activity for WAMU? I thought I read that today was the day for a lot of activity.

Why is it so quiet Mr. Bighammer?

Lawrence 147 thank you.

I wanna know why the volume hasn't gone up these last few days. Is the rest of the investor world in denial? Is this the proverbial calm before the storm? Or are half of the posters here just fanning the flames so they can get short term gains? Who to trust.

What are the odds of the common stock holders getting nothing? Just a question for everyone. Just remember what we are dealing with. Lawyers, bankers and accountants.(do I have to mention that these guys are sneaky and greedy like us)

this might be Obamas way of redistributing the wealth.imo

Anybody know anything about the FDIC admission of guilt yesterday?

Never again, Thanks that is what I wanted to hear.

The whole thing. The volume the projected prices that are being thrown arround. has anything like this happened before?

Can this be too good to be true? Makes me wonder if there is something comming that nobody sees. I know these bankers and lawyers are sneaky. That much is true.

If this is such a sure thing then why hasn't the price gone up already? What is keeping the wolves at bay? Is there still a real fear of getting skunked? Or is this under all the big investors radar? What is keeping the price low? Penny traders? JPM? Anyway glte.

Last month WAMUQ proposed splitting almost $10 billion in cash and tax refunds with JPMorgan and the FDIC in exchange for an agreement not to sue them. Shareholders are looking for information on how the Company put a value on the settlement. Under the proposal, shareholders would get nothing.


WAMUQ said its disclosure statement hearing was moved to July 7. A disclosure statement must be approved so the Company can begin putting its reorganization plan to a vote. A related dispute over information sharing would also be heard on that day.

I am new here. Can anyone tell me what this means? Can wamu settle and share holders get nothing? Does this have anything to do with the quote,"they should of held out for more".

What I am trying to say is that these guys at wamu are the bad guys too. Sneaky Bean Counters all of them.
Is this the wrong way to be looking at it?