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I am afraid nobody knows the current number of outstanding shares. We need to wait for that till we get info from the company.
Let's wait, buy or hold and see.
Chart looks very nice.
53.4% shorted yesterday; 18% rise in PPS!
Now that is what I'm talking about.
20100428|MTCHE|7035689|13173692|O
http://regsho.finra.org/FORFshvol20100428.txt
My opinion. We should be above once cent soon.
I give him a chance.
And the company too.
I've seen the short percentages and some PR and conclude that the pps is way to low. There are pinksheets and OTC companies which don't have a product and have not a single source of revenue, but which have a much higher PPS than this company.
That's why I give this company a chance.
Great!
The congress was talking all the time about Long Beach remember. But everybody can see clearly now what has been the role of GS shorting it.
Two benefits:
1) Underlining the importance of the "do not short list" where wamu was not on
2) Long Beach was worth more in reality and should never been one of the reasons of seizing wamu
If they were on the "do not short list", GS for example would not be able to go massively short on their long beach assets.
He/she invested 38000 dollar buying +200.000 shares
It are those massive buys that strengthen my believe that wamuq coomon shareholders are getting what belonged to them (between 8dollar/share and 24dollar/share)
0.1678 229910 OTO 14:15:36
Anyone noticed this eyecatcher! What a buy!! 38578,898 dollar
If you see from where this stock comes, and you see the PR (2.2 trillion dollars), then this stock should never have been at this pps-level. Should be above one cent very soon and higher some time later.
20100427|MTCHE|5281805|13034519|O
http://regsho.finra.org/FORFshvol20100427.txt
40% shorted yesterday, that's a lot. Although people short, stock rises. Now, that is a sign that this baby giant is way oversold.
Strong buy advice.
2.2 trillion$ backlog : 2,200,000,000,000 dollar!!!!
In an April 2010 article in GOVERNING magazine, Donald F. Ketti, Dean of the School of Public Policy at the University of Maryland, discussed the nation’s looming infrastructure crises: “The problem is huge--and it's growing,” writes Ketti. “The American Society of Civil Engineers (ASCE) estimates that the nation faces a $2.2 trillion infrastructure backlog. One of every eight bridges is 'structurally deficient,' and 85 percent of public transit systems are struggling to carry the growing number of riders.”
"Somewhere in America a bridge fails every week—despite the $400 million spent on inspection every year. These closures and collapses are due to the shocking inefficiencies of current bridge inspection methods, in which 90% of fatigue cracks are missed, and over 80% of so-called “cracks” found by inspectors are later proved to be false positives. It is clear that a cost effective solution that saves both money and lives is needed to secure the nation’s infrastructure. "
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=30125109&topic=MTCHE&symbology=null&cp=off&webmasterId=94743
Depends on what action we may expect today in the power hour (last hour before closing). If not today than certainly tomorrow.
MTCHE: rising from the death!
Just got in: 100K at 0.0046
I've been watching this stock for ages and now is the time to get in with loooooots of shares!
Why does the website still show pictures of the stations? If they don't own/lease the stations this is illegal.
DM is an experience crook - I hate that man - so he must know that too.
By the way: You are very right. People who are laughing with other people's virtual losses are pretty pathetic.
If there will happen a reverse split, or if the current number of outstanding shares will be over 10billion, there are only two places where DM belongs: in jail and in hell.
77.24B enterprise value... I suppose that is good news for common shareholders right?
Anybody knows DM's adress?
I am sure a lot of people would like to know that...
It will be easier to find than the fuel stations he talked about.
I hate that man.
PS I am not going to sell, I will rather see my shares disappear than selling them.
IMO settlement for commons should be at least 10 dollar/share from what I've read on this board.
A great conclusion:
This won't make Wamu richer in former assets, our adversaries won't allow that (or the case has to be brought in court for several years).
But as a compromise they will allow this as evidence to prove Killinger statements that Wamu lost lots of money because they were not on "the do not short list".
That is exactly what I was thinking.
Correct me if I am wrong, but Wamuq's investments in Long Beach were devaluated by Goldmans Sachs because they did short it with a significant amount of money!
Could this be brought to court, as evidence that Long Beach was worth a lot more than anticipated? And could this be brought to court that the value of Long Beach, taken over by JPM should be upgraded in "assets taken over by JPM"?
Very good news for us, extreme misery for GS!
That is how I think about it too.
Indeed.
Wow! I like it! I don't mind waiting for this a couple of years extra, I have time. Justice will prevail here.
That will give me 240.000 dollar!
I hope you're right.
That is a plausbile explanation. But what does the EC demand for common shareholders in a settlement? 8dollar/10dollar/24dollar per common share?
The guys at scll have updated their website to include the list of partners and activox details.
http://www.stemcellinnovations.com/
Current partners include:
ALS Association
BioFocus DPI, a Galapagos company
Massachusetts Eye and Ear Infirmary, Harvard Medical School
Stanford University
Twente University
Leiden University Medical Center
Academic Program:
If think this is one of the very few pinksheets companies that is real. That is why, all of a sudden, this stock will explode when there is news. I have 1M shares, not much, but when I hold this for the next 5 years, this maybe worth 0.05 - 5 dollar/share.
Nope it is not ethical. But I don't see much ethics in economy and certainly not in the oil industry.
If I am wrong and if this turns out to be a total loss, I will admit it. But as for now, I still have my hopes.
When I am wrong, I hope that there is at least one lawyer on this message board, or that there is at least someone who knows a lawyer to put DM before court and send him to jail.
If he asks for a reverse split, he should be in jail for the rest of his life.
If he is a genious - I am still hoping he has this master plan like Oracle is saying - then this stock will list on the Nasdaq, DJ or Amex in less than 5 years.
One last thing: 100-5000 shares were here for months pushing the pps in the ground. Why? Nobody knows for sure, because we don't have evidence yet.
PS If you want my reaction, you should wait at least one day, because I have a "one message limit/day" on evfn.
The volume is too high for market makers.
In contrast to normal pinksheets and OTC stock, every day there appear big guys buying more than 100.000 and more than 200.000 shares.
That is why Susman will go into the history books.
Kirsten Grind will win the pullizer price.
And common shareholders will get money for their shares.
Very nice article. It is a good summary like we are used to from Reuters.
I especially like this part:
"Rather than hold the meeting and risk losing control of the company Washington Mutual is expected to renew negotiations with the equity committee to win their support for a settlement, according to an investment banker involved in the case. “The potential to waste time is now extraordinary,” the banker said"
So they are going to beg the EC... They must be desperate!
We have a case!
The war is coming in its' final stage. And we are on the winning side.
The benefit of the doubt.
Nobody knows the exact number of outstanding shares. It could be around 250,000,000 it could be 2,000,000,000 or more. Nobody knows exactly what is happening with the fuel stations, they could be in progress, they could have stopped the leasing.
What we can do, is just read the annual report and wait for the q1 report or supplemental information of the company.
But as for now, I still give them the benefit of the doubt.
Why: I see the 100-5000 shares on my screen every market day pushing the pps lower and lower. Without any reason. And then there are the daily short percentages.
I barely read the message boards on this topic anymore, because it is full of bashers and negativists (you cannot blaim them). But like pumpers or neutral people, they don't know the answers either. We have the same questions, but we don't have the answers. No evidence, no press release.
Like in court I hereby declare EVFN not guilty until proven otherwise.
To end: if we go the worst' scenarion - another reverse split - I would like that all shareholders on this message board reunite and file a common complaint against DM. We would not be able to get our money back, but we could put him to jail.
But as said before: no one is guilty until proven otherwise. So at this moment I am still a proud shareholder of evfn.
PS I also have a one post limit, so I am not able to answer anybody's questions...
Yep. Recompensation by settlement will be between 8 and 24 dollar/common share.
If this go through court: recompensation of +30 dollar/common share if we win.
In my opinion...
That's why some board members say that 24dollar/common share is a reasonable price. Crazy but understandable.
You should know that when once one lawyer talks about a common share price, this PPS explodes.
Big guys are starting buying. Remember one of my messages that someone bought in for 40.000 dollar?!
If Susman wins, he will go into the history books and universities will refer to him/to this case for the next 100 years.
That was excellent summarized. Somewhat brutal, but I like that
What will happen on 5 May 2010?
I don't follow the news on wamuq every day...