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.
Great reply. Point taken and puts my mind at ease. Sorry if I sounded ignorant to the subject, I wrote as it popped in my head.
thanks
thank you great calrification.
AWESOME, very true and didint consider that at all. Again It was a thought and didint really think the whole way through. Thanks for your response.
Seriously? a company that a CEO doesn't have it's own website email and uses a gmail username (gogole) cant be worth much.
I am a 500K dollar a year super small family business and even I have a virtual office and 800 number and my own website and email.
This company is crap and Gene is full of sh*t.
I am not simply bashing he took my money too!
GLTYA
Do we actually want the SJ now? Please READ.
this occured to me the other day. I beleive on or beforfe the end of march (correct me if i'm wrong) WMI needs to present the re-organization plan. If this is in fact the case and they no longer have the right to extend, wouldn't receiving the SJ in wasmu's favor obligate them to file reorg plan with current Cash,NOL's and tax refunds?
If so, that would pay all classes but commons, right?
Obviously the EC would argue and could themselves put off the reorg plan having now the proof that the FDIC undervalued wamu and fradulently transferred 4B to jpm. Will we get an extension?
I could be way off base here so please don't bash, I am being devils advocate.
GO WAMU
automatic stay still on the docket> the rest of the items continued lazy bastards!
GO EC/WAMU
yes island. thanks. you helped prove my point. thanks for the dd, i gave up after a bit.
Good Luck>
there was one post he claimed on being completely out, coudn't find it....was just trying to challange him on his new share price he claims to be in at .10 but according to his history it's kinda imposible.
My point is not to bash, my point is this is what happends when you post you every move.
JMO
correct me if Im wrong but wasn't that news from England talks about a settlement, then 3 days later that dude was out. Tried to find hos post about being out but couldn't.
The problem with some posters is they have a short term memory
oops post kinda still recorded; EXAMPLE 1: Nurese jeff post # 97062
I'm buying all the way up to $1 THEN AND ONLY THEN will I take a breather and re-think my BUYING position... EITHER WAY, I'M NOT SELLING ONE STOCK UNTIL BK JUDGEMENT DAY and the gavel goes down and the words, case closed..... 150 billion dollars awarded to WAMU..... Damages and Compensation!!! Bailiffs arrest JD lol
Think SUPPLY and DEMAND... Control supply.. CREATE DEMAND...Pretty simple concept really...BUY-BUY-BUY - BLUE SKIES UP ABOVE...
Not only am I convinced (as stated before) this settlement/award is going to shock and startle the banking world but we WILL see criminal proceedings (ala BOA)and heads will roll...
Great Research and DD shows you what happened in the past and what's likely to happen in the future..
At pennies, this stock is a steal and that's why we're seeing incredible interest and incredible buys.. Didn't we see at Fridays bell 1 million for a buy @0.25 for $250,000!!! Come on I don't care how much cash you've got that's a ton of it to gamble on a LOSING stock, so no one does anything that stupid!! They know this is a gamble with HUGE upside potential and little downside... NEWBIES TAKE NOTE -PEOPLE with BIG money are BUYING!!
Next week let's not all be too surprised to see 200%-300%+ by the time we get to Friday.
We may not get to Friday if my sauces are correct!!!
eXAMPLE 2 post # 83121
Going to pick me up another 100,000 on the opening... This is is it ladies and gentleman if this history making case doesn't start moving the stock now then it's never going to happen. Buy 'em while they're cheap!!!!
My thoughts is settlement news will come quickly, maybe this week or next when certain 'players' have left town from Washington and questions can't be asked!!! (only my opinion)
#78019 Refresher course: why the commons are a good buy. Billiam_2 6/23/2009 6:11:06 PM
as they unforgetable JW would quote: numbers don't lie people do.
wow E*Trade Capital Markets Llc outdoing NITE ....sheeesh!
Fish i would like to add and emphasize that the latest delay was forth set by the FDIC if THJMW considered moving in favor of the transfer to FDIC she would have denied summary judgement immediately and continue to perhaps approve or deny the FDIC automatic stay and allow for WMI to set for trial date.
IMO
I also bet on #1
yes, I too don't expect much anymore after anticipating for such a long time this is the boy that cryed wolf over and over and over. I think a settlement will come about when we least expect it. That much sweeter.
Is it just me or does the mention of Rosen turn your stomach? Even as I read through the filings from the EC the pure mention of weil and Rosen no matter what the line item descibed made me feel sick.....LOL
LOL I wish changing our minds was simply gender specific, this stock has made many of us swing to extremes, and just wait to 3/4 you'll see a huge change..... especially if the THJMW doesn't put her damn foot down on this non sense.
well this stock has certainly made us all bi polar at different times. This is why I do not critisize because although I may have not expressed it on ihub i have had the urge to throw my computer out the window on a few bogus hearings.
Everyone knows Chiron is BI-polar but we love him anyway ...LOL
Many of the line items refer to a commitee website...anybody know of a website being done?
lots of billing with regards to settlement but could mean anything from former life insurance plans, to taxes to retirement funds. A destinct settlement proposal discussed with bondholders caught my attention, but by the looks of the jpm filing I don't see a settlement on the horizon. Lots of billing for reorganization and liquidation plans. Litigation proceedures and chapter 11 review cases studies. almost 2 months of billing and 500k+ and weil wanted to cap it at 250K lol
setllement talks refer to SELIP Senior executive Life insurance plans..... still reading ....
Review draft settlement proposal: appears a few times but few and far between could reference any part of litigation....still reading...
LOL I thought I would bring back some fond memories for thenewbies. This post still makes me laugh and to be honest this bastard had me dreaming until sat morning!
LMAO
go wamu.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42992321
I GUARANTEE THERE IS A SETTLEMENT OFFER BY FRIDAY 8PM. Expect an announcement on friday on a tender offer by JPM by friday 8pm. The offer will be a "lowball" offer but will be 20 times what the common will be trading at. I have a close source who tells me this is the deal. The MM's obviously are trying to get every share possible with a walkdown. But you will see a whole bunch of huge buys before friday and you will see a jump in price. People will be screaming "leak" but the fact is, the "leak" is already out.
Enjoy your week fellas
and mark this post
i'll be back saturday morning to congratulate you investors
great day folks!
FIREA !!!I cant wait to call in for the hearing! THJMW will hand them their a** are you kidding me? This is not having Cojones, this pure garbage and lack of anything from JPMC. This is down right insulting. I hope THJMW pulls a judge judy and scolds them and threatens them with contempt for attempting to derail the swiftness and timeframe of the BK procedings. I am so excited to call and hear the bitch slap via phone> LMAO
GO EC/WAMU/
Per Chiron correction. This appeal is to be heard by judge sleet. My bad. I'm out of posts so I had to correct here. Thanks Chiron
FIRREA? What? JPMC is still trying to use this, it was thrown out of three circuit courts. The WMI response and appeal is awesome and literally puts JPM attorneys to shame.
The only sad part of this.... is that its very obvious JPM is not talking about settlement if they continue to file garbage like this. All they're doing is really going to piss off THJMW.
looks like we can look at the pps fore some more gradual gains and not a settlement, at least not before 3/4
IMO
go wamu
**Hearing 3/4/2010 - Phone Details and Audio Archive
I know it's usually danbb thast posts this so please give credit to him for always posting for us.
LISTEN LIVE:
Dial-in at 11:25AM EST
Hearing begins at 11:30AM EST
The bridge number is 712-432-1001 and when prompted for the access code enter 477420980
You will hear no music just an intermittent beep until I join the call to the hearing.
AUDIO ARCHIVE:
To be notified as the audio archives become available:
http://twitter.com/WaMuAudio
The archived audio will be made available at the conclusion of the hearing:
This Hearing: http://www.viewip.net/WMI/Hearing/2010-0...
Hearing Index: http://www.viewip.net/WMI/Hearing
WMI calendar:
http://www.my.calendars.net/wmi
thanks umaw, and sorry to hear about that loss, that brings the reality to this case now doesn't it?
don't get me wrong i have been in here for 14 months and will stay here to the bitter end. I will not incurr a loss as i was fortunate enough to flip and ride free shares now. (i flipped very early on) My fight, beleive it or not, is for the folks like you devasted from a financial loss.
I will be satisfied with a settlement of course, but should I be? Money isnt everything (it sure as hell helps lol)
I say if this hits, or should i say when this happends for us we should create a non profit and each fund money into exposing this outrage. Fund a film, purchase ad space...keep fighting the good fight. Because weather were here to make a quick buck, or dream to become rich from the opportunity I feel we owe to those that brought us this far and to the families of those that couldn't take this as far as we have (deaths caused by this collapse)
I would dedicate my life to making sure the rats that are behind this know they're accountable.
I want to be able to say I made a difference, I've cataloged all of the dd done on this board and myself and I am ready to make a difference.
Just waiting for the JPM/FDIC funding to bury these bastards. They may be albe to protect themselves in court with non disclosure agreements, but they can't hide this forever.
I know pleanty of people that will carry this all the way.
So i say to JPM/FDIC go ahead delay this further, throw up smoke screens and useless paperwork, derail the day traders.... this is not going away!
GO WAMU!!!!!!!!!!!!!!
thank you to all that replied public aand private. I know wamu has the upperhand, I'm just waiting for filing and sifting through what the next step is.
Wamu is fierce, this stock is a winner one way or another!
GLTYA
charles and Chrion: I agree with the both of you. although I would love to see a settlement and get my wife off my back in regards to the money currently sitting in our account, part of me hopes this gets exposed further. Part of me wants justice to all of us. Although I am "vulture" and invested post seizure, I am now suffering the bank lock down on credit as it becomes harder and harder to run a business, refinance property and so on.
The greatest country in the world is being held for randsom by the same banks that caused this collapse.
I don't want to get political, I simply want to see fair value in all things. The harder you work the more you should have. I am a captalist by nature. I have had nothing in my life at one time, remember the days of having $7.00 in my checking and not eating for a week, then again i was 19 yo.
My point is any of us can make a fortune from nothing and i can't say the same from any other country in the world.
I want a role reversal for JD. It's time to pay the piper, hell is not enough, whomever controls the world; god, ala, budda or otherwise, please strike those who have profitted from the demise of others.
We as a whole will survive and without a loss in stide will fight forward regardless of the fate of wamu.
I am blessed to be part of the intelligent DD and posters on this board because thanks to you, I am still here fighting for whats right! JUSTICE will prevail and I hope it prevails not only to benefit us monetarily but to bring confidence back to our justice system. What stops me from ripping people off if not for the strong arm of the law.
THJMW do the right thing, make us beleive that justice will prevail!
sorry for the rant, having a hard day today!
GO WAMU!!!!!!!!!!!!!!!!!
I think you mean page 71, but the whole document is interesting. Incredible the FDIC power or I should say presumed power. Ridiculous! Basically stating they're above the law. WOW I think this is deeper than any of us expected. I don't think the FDIC will settle, JPIG (maybe) but the FDIC will fight this ofr years to come. I hope I'm wrong!
Nice find fish!
wonder why we don't see any filing from cross/venable or the EC?
wow this new filing is trying to admit anybody involved to sign non disclosure....hmmmm FDIC has something to hide (like that's a surprise)
agreed. The FDIC is definetely the one holding the bag. tisk, tisk, tisk..... absolute power corupts absolutely "lord Acton"
If the economy would have not collapsed around this seizure JPM/FDIC might have gotten away with it.
14 months and holding....this vulture has some frickin patience! LOL
good point in regards to JD selling his stock..... then the apparent bad news on the 10K and the final chapter...... SETTLEMENT to wamu! JPM will probably drop off 10%
yes, yes I remember. I am just pointing out that THJMW (although the delayed favored us) is not the fastest gun in the "west" no punt intended. I beileve we will reach yet another milestone on 3/4 and if no settlement is awarded as of then....god help the FDIC and help us all. If exposed, the banks will ultimately be run by the government> NNNNNNNNNNNNNOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!
3 more days !
GO EC!
well I hope she doesn't say she's going to rule ASAP, we know how quick that result is.....LOL
that's exactly my thoughts...although i just want it over, good bad or indifferent.... I just want it to end!
I'm sicken by the FDIC, JPM, and recently Weil and the bondholders, greedy bastards!
Yes, call me a vulture...but i don;t think a vulture would fly around a carcas for 16 months. LOL
GO EC/JOYCE/CROSS/VENABLE/THJMW
Hang those bastards out to dry!
fair enough, I just don't see it going out that far, because we're so close further delays would have to be justified and last minute delays tactics have all been used up IMO
by the way, I think your post was ok, I had understood in the first paragraph that you thought settlements were NOT in negotiatins instead your clearly wrote ARE IN, so I beleive it's too early for me, baby didnt sleep well last nite.
btw....stop drunk typing it always gets me in trouble. lol
have a good weekend
Well i have done my share of DD however this speculation was based on pure gradual gains. A perffered stock is usually paid before commons and that suggests that wehn Lehman recovers we should see recovery in Pfd's. However it has been trading below .50 for sometime now and if equity were to be salvaged I beleive it will be a negotiated price. This is my opinion and I stated that very clearly. Many have set prices in there minds and thats ok...do I have actual basis for my price NO, simply I consider 10%-15% market value recovery for BK stocks form face value. AGAIN IMO.
I don't see recovery down to commons.
respectfully,
penny
I and 2 oher friends invested in this on friday...of course i jumpd in desperately at .18 and it dropped but i am confident this stock will see much better days. I still regret not jumping into wampq when it was just .50 although i don;t see this stock going past $2-$3 JMO
Chiron: That statement makes no sense. you have contradicted yourself in the same post " personally do feel that settlement negotiations are ongoing, as evidenced by the billings"
then you go on to say: "I am sure that if the parties told Walrath again this week 'we are close' 'just need a few more weeks', she will delay it again. IMO she will allow delays on this issue up until the May 26th reorg deadline (extension to May will be approved imo), to allow the parties to come to an agreement"
So if the billings don't show negotiations ongoing why would walwrath delay it further? Unless the point you're trying to make is that if in fact it does delay than that should be a sign that they're close to an agreement.
20 month mark? If nothing happends on 3/4 on further delays are posted it won;t be another month, Th ec won't allow it. I'm sure they have reached an agreement, the delay is to write it up and get it signed before the judge. IMO
run day traders run!