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and i think the biggest problem with the sentiment of this board - is that most - if not all - have paid more than what the shares are currently trading for.
if you add total market cap for wamuq and wampq--currently it is in the lower 120 million range. justifiable? if you hear the recording from 1/11/2012--rosen says 200 million is the lowest value of the company and it can only go up...ed sergant says in the same recording - they are more than happy with the settlement. i think, this is the right time to buy..if settlement is happening and we're coming out approved.
sorry, if that's so.
hedge fund insider traders arrested..
http://online.wsj.com/article/SB10001424052970204468004577168450897919374.html?mod=googlenews_wsj
Check Catz' post.
Tru dat. They'll send the voting number in email and you can vote through proxyvote.
This is the email I got from proxyvote a few years ago for another voting purpose..
Below is the PIN associated with your electronic delivery account for control number XXXXXXXXXXXX.
PIN # = XXXX
I don't know what to say. But I think it is still a buying opportunity, especially with WAMPQ where you have at least 70 per cent kept aside. I'm buying at this low and will buy more if this goes further down.
Are you buying stocks when the prices are going up or buying stocks when you are positive about your risk/reward analysis?
and they'll refer to the stickies...but there will be a flood of messages saying " I got mine---I got mine too" Hey I haven't got mine yet..etc.
after few days, everyone here will be like...I got my ballots. Now what.
With ownership of 0.5% of new company, is current price of .02 a fair value?
Would anyone please have the ticker symbol for other American Airlines share classes?
What is the symbol for American airlines preferred shares, junior note, senior note etc?
I can't seem to find in google. Thanks in advance.
Would anyone please have the ticker symbol for other American Airlines share classes?
What is the symbol for American airlines preferred shares, junior note, senior note etc?
I can't seem to find in google. Thanks in advance.
vote catz for new ec member.
I think you need to contact your broker. If you have email notification set up, it should be coming in your email, I think. Call the broker or check here with experts otherwise.
relax- let this stock play you at this point is my opinion- instead of playing it. this is getting closer to the beginning of the end of WAMUQ/WAMPQ saga. Come back after a year and harvest the gold is what EC team is suggesting. Remember 2 of the 3 EC members hold preferred share and at least 1 holds pre-seizure stocks. At least, I feel we'll do good by the end of this year. They must have gotten all of the answers to your question before they agreed to the settlement.
its probably not fair to give the milk example. If you are single, you should rather pay 2 50 for a gallon of milk-admitting you know that you'll finish the milk by the time it expires. If you are single and buy 2 gallons of milk to save a dollar, you may end up not using the 2nd gallon after it expires. However, for a family, it makes sense.
Order (I) Approving the Proposed Disclosure Statement and the Form and Manner of the Notice of the Proposed Disclosure Statement Hearing, (II) Establishing Solicitation and Voting Procedures, (III) Scheduling A Confirmation Hearing, and (IV) Establishing Notice and Objection Procedures for Confirmation of the Debtors' Seventh Amended Plan
Thanks...After reading equity's letter again..it mentions 2 of the 3 members from the equity committee hold preferred shares and at least 1 holds pre-seizure stock. Why's P still cheap ?
Logically them being insiders of this negotiation - certainly would want to increase the value of what they own and owned pre-seizure.
In the letter from equity committee to shareholders, it mentions that "the litigation sub-committee" will have $20 million as maximum amount to pursue affirmative action against claims such as professional malpractice, breach of fiduciary duties, and business TORT claims. Also, they'd have this control for the first 6 months and after that either TAB will or litigation sub-committee will take the responsibility to pursue.
Given the $11 million per month burn rate of estate in this case, do you all think $20 million would be enough?
http://www.kccllc.net/documents/0812229/0812229120112000000000006.pdf
Page 5 of EC letter to shareholders.
Yes, I've seen that happen with my Tronox shares..it went from 16 cents to more than 2 dollars within few weeks of emergence from bankrupty and currently trading in the same range with re-organized shares. However it staying in the same penny range for more than a year.
Sell everything else you have and buy "P". Lol.
Thank you. If the holders of those notes see the value in the reorganized equity and opt for new shares, this should further decrease the value of common stocks.
I was wanting to find out if that 10 per cent would be 10 per cent of 100 per cent or 10 per cent of the 30 per cent of the 95%. Whether that'd effect the current Q holders or all equity holders.
http://www.kccllc.net/documents/0812229/0812229120112000000000006.pdf
footnote page 223- its way down in the pdf, you can do control+f and search "223"
This is from yesterday's second amended 7th POR
would someone care to explain what it means ? looks like further dilution is possible with greater than 10% of reorganized equity.
iv) certain dispositions and (subject to the transfer restrictions
in the Second Lien Runoff Notes, if applicable) certain acquisitions of the Second Lien Runoff Notes if such
Notes were recharacterized as stock of Reorganized WMI for section 382 purposes, in which event such Notes
could represent approximately 10% or more of the equity value of Reorganized WMI as of the Effective Date,
and potentially could represent a significantly greater percentage in the future if the value of the common stock
declines. Accordingly, absent actions within the Board’s control (e.g., the issuance of additional common stock
to raise capital, or permitting certain acquisitions or dispositions otherwise prohibited by the charter of
Reorganized WMI), it is possible, but does not currently appear likely, that a further ownership change would
occur as a result of a subsequent release of reserved Reorganized Common Stock. In addition, it is possible,
although uncertain, that such release could be integrated for section 382 purposes with the Effective Date
transfers of Reorganized Common Stock such that no shift in ownership would be deemed to occur as a result of
the release
footnote page 223
2
Assuming the Seventh Amended Plan is confirmed as proposed, factors outside of the control of the Board that
could affect whether a further ownership change occurs include: (i) the percentage of Reorganized Common
Stock reserved in respect of the Dime Warrants (if the LTW Stipulation is not approved) and Disputed Equity
Interests, at most 30%, (ii) the percentage of Reorganized Common Stock reserved in respect of any Disputed
Claims that elect to receive Runoff Notes and, in lieu thereof, Reorganized Common Stock, at most 5%, (iii)
indirect changes in the ownership of any persons owning 5% or more of stock of Reorganized WMI for section
382 purposes, which persons are currently expected to be few, if any, given the widespread ownership of the
existing preferred and common stock of WMI, and (iv) certain dispositions and (subject to the transfer restrictions
in the Second Lien Runoff Notes, if applicable) certain acquisitions of the Second Lien Runoff Notes if such
Notes were recharacterized as stock of Reorganized WMI for section 382 purposes, in which event such Notes
could represent approximately 10% or more of the equity value of Reorganized WMI as of the Effective Date,
and potentially could represent a significantly greater percentage in the future if the value of the common stock
declines. Accordingly, absent actions within the Board’s control (e.g., the issuance of additional common stock
to raise capital, or permitting certain acquisitions or dispositions otherwise prohibited by the charter of
Reorganized WMI), it is possible, but does not currently appear likely, that a further ownership change would
occur as a result of a subsequent release of reserved Reorganized Common Stock. In addition, it is possible,
although uncertain, that such release could be integrated for section 382 purposes with the Effective Date
transfers of Reorganized Common Stock such that no shift in ownership would be deemed to occur as a result of
the release
page 261 footnote 14
In accordance with that certain Order Regarding Notice Pursuant to Bankruptcy Rule 7023 and Federal Rule
of Civil Procedure 23(e), dated January 11, 2012 and that certain Summary Notice of (I) Pendency of Class
Action and Proposed Settlement, and (II) Settlement Fairness Hearing, dated January 12, 2012, the Voting and
Election Deadline is February 29, 2012 at 5:00 p.m. (Pacific Time) for holders of Dime Warrants in Class 21
only. Additionally, as set forth in greater detail in the Disclosure Statement Order, with regards to only holders
of Preferred Equity Interests and Common Equity Interests in Classes 19 and 22, respectively, that fail to return
their Ballots prior to the Voting and Election Deadline, such holders may still grant the Non-Debtor Release
Election by returning their Ballot prior to the Equity Release Election Date, which has been set as February
29,28, 2012 at 5:00 p.m. (Pacific Time) (or a later date as agreed to by the Debtors and the Equity Committee or
otherwise ordered by the Court)
Any prediction on how WAHUQ will play after confirmation?
I wonder why there are fewER people involved in discussing WAMPQ and much less people in DIMEQ than in WAMUQ? I started from WAMUQ as well. I didn't know about WAMPQ or DIMEQ until few months ago until I started following some of the veterans.
Distilled alcohol sort of investor perception. The more you get into it the more you find the options. I think there are at least 5 people who regularly follow WAMUQ for the past whatever months and still they don't know anything or much about either WAMPQ or DIMEQ.
From today onwards, I think blood pressure will come down for many people who have been involved in this investment.
Zynga poker.
Punked. Thanks. Beer time.
Thank you. Computer sucks sometime.
Is hearing over? No sound in Justin TV.
You seem to be the one of the only confident person here who believes in pay back later.
what's in mind?
since the EC said POR 7 is good. This is a rare chance to collect. Best chance since May.
Did anyone notice the wording of JPM/FDIC involvement related answer in the mediation- especially when they mention LITTLE to no incentive? What is that LITTLE?
Good luck to all who are locked.