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This new POR is the "final settlement"! All parties will agee and this will be over by march 2012!
IMO we are actually valued like the NOLs are completely worthless.
Isn't there any tax expert who can answer this question:
Is there any possibility to use NOLs in a merger or buyout scenario with a big investor and what may be their value to such an investor?
I think that's actually the most important question.
Question from Germany: Do I have to vote to get my old WAMPG and WAMUQ converted into new shares or will they be converted automatically?
What do you think about the new POR?
I think there exists already a plan for the new company!
Exactly what I'm thinking!
This one is ready to explode - it only needs an official settlement PR!
But does our judge need evidence for the crime or is the assumption of a crime enough before the law requires her to refer?
What I mean: Does she already has to refer the IT-crime or can the medition settle this mess befor anybody has to announce it to the public authorities!!!
Absolute great posting! Good job fsshon!!!
Yes, but that's how the market works. No reason for the debtor to do a halt!
You are almost right. I just wanted to show that Parker's vacation could mean anything or everything - we don't know like always!
Or they have a settlement and mediation is already finished!
Yes! Hopefully it's the calm before the storm. I own more shares than traded today in WAMPQ and WAMUQ! - I wished I could say this for GE - LOL!!!
We are in the final chapter of this mess, imo!
Settlement may come every minute from now on, but probably we will get a press release out of nowhere after market has closed!!!
This is the time I don't want to watch this game from the sideline!
We are in the final chapter of this mess, imo!
Settlement may come every minute from now on, but probably we will get a press release out of nowhere after market has closed!!!
This is the time I don't want to watch this game from the sideline!
I realy hope out chart will look like yesterdays GACFQ chart in a few weeks!!!
But not as long as TPS is treated as "prefs"! They will never agree to a haircut!!!
JPM and FDIC are not willing to give money to equity, so we have to focus on the bancruptcy case first. We have to leave chapter 11 with all classes of eqity intact and without giving releases to FDIC and JPM. Next step will be to sue FDIC and JPM.
I'm sure JPM and FDIC know this and they will pay for the releases as soon as equity will become safe!
So where stands equity actually? Do we still have a chance to get some recovery?
One Question: If POR is approved who will pay bills for equities attorneys during the appeal?
You are so right with your statement. This case is only about reorganisation of the company. Actually we have to fight for equity staying intact within the reorganised company.
Sussman isn't fighting against JPM and FDIC now, but against SNH's and the deptor. Equity's first goal is to survive this chapter 11 BK-case. Fighting against JPM and FDIC will come later!!! Actually FDIC and JPM are supporting the debtor and fighting for equity to be canceled!
I dont't like equity's actual situation: We are in the cornered again. It's all or nothing for the socond time! I realy wished equity could have reached a settlement three months ago!
Yes, the hedge funds are already in trouble and should and probably will settle. But what's about jpm and the fdic? Will they settle too, or is that another game that will be played after this chapter 11 fiasco is over???
In 60 days we stand either above 400$ or under 1$ depends on Walrath`s decision conserning POR!
you mean 1000$ face value for wampq and 25$ for wamkq!
hepsebay on yahoo postet: "Steinberg made an interesting comment along the lines that this might all be resolved out of court. So settlement talks are still going on and hopefully this will all be resolved before the trial."
Do you remember this? I can't find it in the mp3 file of todays hearing!
Am I the only one feeling that she wants oral arguments to give more time for background negotiations?
I was always of the opinion that we would only see a real global settlement in the very last minute!
Thanks Mordicai for your clarifying words!
Seems like everybody is in panic-modus again because of a few words!
I'm already holding my shares for years but I start thinking that active traiding would have been the better strategy.
Page 30: Preparing settlement documents for bank of America Settlement
What does this means?
Let's hope you're right and something good for equity happened in the background!
Equity is actually in very good position, so I realy don't understand tanking of prefs.
There are only 2 way left out of this mess:
1. We will see a settlement before THJMW rules on POR - which would be good for equity!
2. We get the big showdown! EC is not the only ivolved party that may loose big on a ruling. Thinking about EC-POR-objection and confirmation hearing even in showdown scenario equity is actually in good position.
So in my opinion equity actually is in a better position than after the first confirmation hearing and I may be wrong, but I can't imagine that especially the HF and not even Rosen will risk a ruling this time.
There will suddenly appear a solution (settlement) for this mess when nobody expects it.
I think this is over for equity - I actually don't see any scenario where equity will be in the money!
Will we ever hear again from the company?
Will they ever finish the webside?
Will they simply disappear in the dark like so many other pinksheets?
I would already be very happy with 1.60 for WAMUQ.
Yes, no conversion into WAMUQ any longer, but what's about conversion into common shares of the new restructured company?
Yes, very very unusual!
Hello mordicai. Prefs and commons will be changes into "new commons"! I own 2500 WAMPQ and 100000 commons. I always thought that prefs are the much safer deal, but actually I'm a little confused!
Please speculate a little: What do think about the exchange rate. How many commmons will we receive for our each pref?
Believe me: Big money already has a strategy to use our NOLs and we will profit!
I'm from Germany! Much more volume in Stuttgart than in Frankfurt that's very strange for Germany. IMO Amrericans are already buying over german stock exchanges.
Today will be very interesting!
We will never see them imo!!
Absolutely correct! Until now everything is speculation, but WAMUQ and especially the prefs will skyrocket on facts!