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they might not have had any choice.
The judge said the examiner would not just be able to look at anything during the hearing. i guess they can argue why they need to see a particular doc
give me some of those shares at that price!!
Currently Ps are 3.21% of face
Ks are 3.6% of face
If you assume we get paid in full, then Ps are the better buy
If you assume we are picked up by JPM and paid interest at the given rates, then Ps are still the better buy
Ks are only good because you can buy shares at .90
hopefully im wrong and it does come today but im not expecting it. hopefully in a few days
Ya but given the DD it definitely looks favorable but if it was a sure thing most of us would be betting the farm
I will quote from my stock account
"Corus Bankshares Inc is in bankruptcy. Investors should be cautious when buying common stock of companies in bankruptcy. It is extremely risky and is likely to lead to financial loss."
Having said that - nothing is guaranteed until the end. I'm still buying at these low prices but anything can happen
seems that way. thats what i thought when i saw the order. im glad no one really is talking about this. gives me more time to get more at a lower price
lack of news and boredom i would think.
at this point isnt this out of our hands.
basically wait and see time.
3 million Ps
20 millions Ks
I think
for a guy who needs the money badly you are missing the point.
if you can remember, how long will the examiner actually examine for? If this thing can end in a month or 2 months wouldnt that be better? Examiner is not off the table, just hoping it doesnt have to be used
Explains the delay to examiner
Im at work I wish I could listen
Sounds like someone has something to hide
i hope all sell offs are like this.
todays action is confirmation of everything researched thus far
to me this is just business as usual and nothing unexpected if you have been following for awhile. seems we will see what others think in about an hr. this will also confirm the idea of a Mr Big
The only way I get scared is if I see a 10 million day for obvious reasons. If not, I wont even consider selling
If you could get 100% of your money or 150% of your money which would you choose
youve been served!
actually just a whole lot of wasted money is what you got. look back at previous posts from u board from yesterday
i like these guys. straight to the point
he could be the guy that lives in the van down by the river or the pope but in the eyes of the court he is just another person with an objection. you miss the point and im not sure what you're attacking for. in the end it comes down to lawyers and the judge. We can send 1000 objections. The rulings matter. If you look, I was responding to someone asking why this document was impressing most people. I said it had #s in it. I for one enjoyed his objection
its nice to see some #s even though it comes from a person and not a lawyer
finally got filled all the way. scottrade playing with my emotions
Im trying to pick up another 21k shares but only got partial fills of 1500 and 5000 so far
did you look at the liquidation analysis? i know where you saw 0 - 1% but I cannot figure out how they got that %
if we really believe in the whole panic thing and conspiracy watch those articles and release reemerge monday morning
if i was him i would
Thanks for the info and support you give us!
I lie about my weight too
i wasnt surprised at all - just trying to get back on topic
where does that put us # wise with the money back
most of us trust you more than other posters so no worries.
Anyways what do you think of JPM "giving up" the 1.4?
i think they are suffering from selective hearing
"WMI/Weil just displayed a hand of 'no confidence' by requesting a delay on the DS hearing."
It most definitely was a hand of "no confidence".
im going to try not to watch tomorrow but boredom at work will probably make me look. at this point i still have what 26 mins to sell but ill hold for the end of this whether good or a tax loss
we are supposed to take their word for it.
it would be a funny joke if we did not own this stock
just saying mind u- so if i hear u right if the alternative would be $0 but be finished by summer you would be ok with that?
i rather this last another year if thats what it takes justice to be served
I have it so that if preferreds get 10% and commons get 0 than i make $50 (wanted to make money in the end and i thought it was funny to make $50). If preferreds get 0 well thatll be a sad day but im fine losing the money. Im not 40k in but 20k still would still would feel bad. this has been a fun ride though
i continue to buy
yo dude! when is the next meeting?
is that a good email for him?
no one can have my shares!!!
hopefully because i need my money to have fun before the end of 2012
i wasnt prepared to see that
got mine yesterday - i live in pa