Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Why don't you video yourself reading your statement and put it on youtube.
TIA
An appeal can be withdrawn anytime someone has a workable solution for everyone.
Is he still alive today?
I too have held Corus for a while and mostly lurk, I was encouraged by the lack of sell offs when the POL was being put forth and also with the lack of since.
My rating is an 8 and going up.
Here is my take:
Debtors can’t let this expire because they lose the ability to amend the existing POR. Why is that important? If they let this expire they have to start all over with competing POR’s and if they use attorney’s advise this would put equity at the table sharing the work product.
If I were the debtors I would amend the POR to offer equity a reasonable settlement with the stipulation that equity can’t take over the proceedings, this would end the impasse immediately.
I would think the debtors would file an amended POR/GSA instead of filing a new one. I would think if they filed a new POR or GSA with advice of council, that would mean EC is priviledged to see the doc's used to come up with asset valuation.
I'm thinking the debtors could extend the POR/GSA and then do an amendment in 2011.
I mentioned this in an earlier post but did not get a response.
Can Rosen amend the POR to include equity (an acceptable offer) with the stipulation that equity can not take over the BK. This would not allow equity to see all the data the debtors have amassed. This would give all parties their releases and end it all.
What makes you think it was extension? Sounds to me like it was an ultimatum to Debtors extend this or die!!
If nothing else we did get press coverage because of the filings by EC which is good IMHO.
And the fact of new assets found and the mention of hedge funds by name were the first I have seen in the press.
I have noticed that my deep thinking will increase when I have a few Wellers-lose the pressure of every day problems. Have another.
But as the media reported his briefcase the market moved!!!
OT: Can you image in this day of elctronic media the whole world of investing was hanging on how big Greenspan's briefcase was going into the Fed meeting?
How is that much different then JMW taking Rosen phone away? To much info without disection.
How can a photo tell you anything, look at Greenspan.
If I were JMW I would write an opinion (not a ruling) which would question all the things debtors have done against equity and all the things they have not done to prove the POR.
I would word it in a way they would know I will not approve the POR as it is written currently, and I would file it late on the 23rd of Dec.
Debtors are still wanting this to be over in 2010 so this would leave them 4 working days to come up with a POR that would satisfy the me. I will insist on equity be involved.
Debtors could make an offer to the EC with the stipulation that if they accepted this offer that they could not take over the BK. If EC acccepted this, it would be all over. Releases would be given to 3rd parties and the vultures JPM/Hedge funds/FDIC fight for the spoils.
I hope she is not available this week so that the date Rosen has insisted on will pass without a decision, altho I suppose it could be filed even if she were on a holiday break.
Does anyone know how many days JMW will available for the rest of 2010? Will she take a holiday break and not be available until 2011?
Can not open UI!!!!
Anyone else?
Susman would never file anything that would destroy the very ground that he walks on. If it was that damaging then he would not do it. Yes, it may take down a few people/organizations but it would only be to the advantage of equty. How do you get something entered into the record that you know the advasary would object on? File it under seal. Then ask for it to be unsealed when it becomes pertiant to the case.
I don't think the unsealing of the documents will cause a great depression instead I think it will just fortify our distrust in the whole system and show the collusion between the big money banks and the government. I think the Federal Reserve Bank is way to powerful and is guiding the FDIC to stonewall. I'm glad Ron Paul is going to be in a position to watch over the Fed.
If she was going to approve it she may wait until the Hoffman hearing is over. If she is going to turn it down it could come at anytime. IMHO
I think she as much as told Rosen this your last chance before I reject the whole plan. Now get with equity tonight and come up with a plan that is reasonable to all parties including me.
Bush tax cuts
If/when the Bush tax cuts are approved when should we see something happening?
JMW might have this opinion especially if she is thinking of awarding the 4b SJ to equity. She will not approve nor junk the current POR. She will tell Rosen to amend the current POR with input from all parties to reach an agreement that satisfies all, and that she can call reasonable. With the pressure of a rejected POR and a SJ ruling, Rosen might be able to offer a crumb to equity, but he must be careful that he doesn’t rile the judge. IMHO
He needs to consult "Jake the Kid"
I have put in a buy for Corsq every day for 10 days @ .013 and I didn't really care if I bought anymore or not just testing. On a couple of days they traded at .011 and I did not get filled??????
Okieman
Sense the news only carries the personal tax results what are the tax laws you guys are referring to? Personal or business? and how did that go today>
Okieman
Maybe so they an buy WAMUQ!!!
My new profile pic. Print this on a shirt and wear it to the next hearing.
Okieman
Fletch-42 Share Tuesday, November 02, 2010 12:55:58 PM
Re: None Post # of 29409
Examiner report
In some of the way this report is written I have to believe that someone leaned on the Examiner , saying this was a national emergency at the time of seizure. That JPM was in deep trouble and could not fail as it would have caused a complete worldly financial crises. Therefore, he shouldn’t create another emergency with a positive equity report. I believe he was privileged to know how the final outcome has been setup and to not make waves. JMHO
Okieman
Been here awhile. Question-rate our success vs FDIC in this.
Okieman
Mano/Mano
Sussman/Rosen
Place your bets-coming soon.
Okieman
Bond holder should be in the same situation.
Okieman
Post cancellation of shares?
Anyone willing to keep their shares into cancellation (if it comes to that) for litigation outside of BK court?
Okieman
Sussman vs Rosen
Chose your side :
Sussman: State the facts backed by law and documentation. (Truth and nothing but the truth)
Rosen: Backed by gray areas of law, own interpretation of law, slippery slope of law, changing positions, (like an ant walking the edge of doodlebug cone.)
Which would you chose to back?
Okieman
It’s our turn.
Why are there so many getting negative now, we have not had our time in court yet. It’s coming starting tomorrow. I believe it’s now our turn to be heard and IMHO this is just the beginning. Our (so called friends) now opponents are the only ones making the headlines. Relax
Okieman
I have had these sent to me before, never participated. My understanding is if you elect to participate there is a date of closure and you will not receive your money until after that date (months) your shares will disappear immediately. Your money would be dead for months. Thats the way I remember it.
Okieman
Did he get the asset list and it was redacted?
Okieman
In some of the way this report is written I have to believe that someone leaned on the Examiner , saying this was a national emergency at the time of seizure. That JPM was in deep trouble and could not fail as it would have caused a complete worldly financial crises. Therefore, he shouldn’t create another emergency with a positive equity report. I believe he was privileged to know how the final outcome has been setup and to not make waves. JMHO
Examiner report
In some of the way this report is written I have to believe that someone leaned on the Examiner , saying this was a national emergency at the time of seizure. That JPM was in deep trouble and could not fail as it would have caused a complete worldly financial crises. Therefore, he shouldn’t create another emergency with a positive equity report. I believe he was privileged to know how the final outcome has been setup and to not make waves. JMHO
Okieman