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Makes you wonder just why it has taken over two years of litigation to get to a prudent point of what are the actual assets and valuation that we are fighting for!!! This would have been over a long time ago had the courts demanded and enforced these points so that we would know whats on the table. SqWeil, Gotcha and Mangle could and should be in serious trouble for all the costs and time to all parties that have been incurred by the miss direction that they have led the court. Thank God for this and other boards for exposing and keeping this case somewhat on track.Just some thoughts!!!
Am I correct in saying, that anyone selling now that has been holding WAMUQ for a while will lose long term gains tax break and have to pay short term gains if they get back in before this settles? TIA
Exciting!!! We've come a long way folks. Hang on to those shares and get ready for some real action!!! Holding 2+ yrs
Couldn't have said it better Yanik!!! I think some of the folks here get to involved with the PPS and forget what a great position we are in. We are in good hands and I'm sittin' back waiting for the Big Show.
Folks, No way Susman would put his reputation on the line for a one shot, make or break deal. He knows there is money for his clients and is putting his butt on the line for it. This is what he does for a living and has a proven track record. We should just chill out and let the cards fall where they may. Susman is in control and who cares about the PPS currently unless your flipping.
We need to remember Susman would not put his reputation on the line for the $1,100 or $1,200 dollars an hour when this is quite possibly the most historical of BK's. He knows there is money and that it could come from different angles. There is fraud here and he smells blood in a big way and he will get to the bottom of it on his terms. I personally have never felt better about the case and look forward to meeting you all in Vegas!!!
Sooooo Quiet you can hear a pin drop!!! Looking good folks from what I'm hearing.
At this time, silence is GOLDEN!!!
We sit at 17 cents and I don't think we will be close to a settlement until this thing gets out of pennyland!!! Reason I say this is that there are folks that have some insider knowledge and 99% of the time the pps is reflected by that knowledge. Again, here we sit at .17 and not moving. AIMO
This will drag on for awhile because everybody is making money off of us!!! THJMW has the power to put this thing in high gear but is choosing to let the parties try and work things out. Patience and I think we will be rewarded Greatly!!!
Thanks again!!! EOM
Hey Downsideup, My Zecco Acct. is showing .01 and I can't find any information as to why it's showing this!!! Do you know what's up with KGLJ? Thanks
Hopefully there is something getting resolved regarding this stock!!!
Been here since mid 2008 and very excited to see this thing moving!!! What does anyone think the potential is here regarding the numbers?
Thanks 4 the shares!!!
Thanks for the shares!!!
I stated "We Miss You Diamond" earlier today and it got deleted!!! I guess somebody doesn't like him. I'll probably be in trouble next, but I don't give a chit.
Halt this Baby!!!EOM
For all the weak hands, Thanks!!!
Think this thing will ever see the light of day? If this company was a complete Scam, then where is the Justice and Accountability!!! I have held onto this stock because I thought our Justice system would seek out the guilty and possibly find some compensation for shareholders. I know this is a Pink Stock and nothing is guaranteed, but up until the halt, I felt Kingslake was on the path to building a profitable company. The area they were drilling has produced alot of gas and some oil for many years. Any insight would be appreciated!!!
Fish, Your right and I don't understand why the American people haven't cried foul on a large scale!!! There are so many Top Brass Officials involved in this thing that I think they have been covering this thing up and doing a great job at it! This gets exposed in a big way, such as Mass Media and it opens the doors to alot of other things(Lehman,Bear Stearns, etc.) and we may see the market go crazy with the World loosing faith in the financial system. JMHO
Hey Cruise, What Line do you work for? I occassionally play on Norwegian and going out next week on the Jewel!!!
I smell Settlement and could come at any time!!! Should hold a core position if your planning on flipping from here forward.
I feel the delayed ruling on the 4 Billion is a sign that settlement negotiations are still underway!!! Why would she make a ruling if she knew the parties were working on a settlement? IMO
Got Depends??? Could come at any time!!!
Kevin Sharke in a Hypocritical Pig that needs to keep his mouth shut!!! Shares are shares and were legally purchased on the market. Emotions don't have a place in law and facts are facts, period. Folks, Your either on board or your not and the Trains just blew the whistle!!! WooooHoooo
Response due today from the EC regarding Weil motion to disband EC! Am I correct?
Since WAMU was taken down fraudulently, is there a possibility that we get back lost dividends on Preferred shares? And if so, then flipping the Preferreds could amount to a significant loss of dividends! I was thinking of selling some Preferreds and buying more commons, but didn't want to loss that potential dividend. Any thoughts?
XOM- Thanks(EOM)
Just a thought!!! Wondering what the holdings of the EC consist of and if it might have a bearing on whether we have Preferreds paid full value or partial! Based on, if there is not enough money to make all whole.
Scenario A: If the EC is common heavy they may want to see partial value on Preferreds, so that commons get something!
Scenario B: If they are Preferred heavy then they may only care about Preferreds getting paid.
Again, Just a thought and not insinuating one way or another. Thanks
Faber loves him some Dimon on CNBC!!!
It is my understanding that if Rosen would have said "commons should be in the money" then he would be insinuating that A>L and therefore WMI would lose Chapter 11 protection!!! JMHO
Question: When we get our settlement from JPM, do we still have to keep our shares to get money from an FDIC settlement that may come down the road?
UST said EC would go to work immediately to catch up with the proceedings as I recall a poster stating a few days ago!!!
Time To Rally The Troops!!! Maybe we can get everyone on this board jazzed up tomorrow about heading to the hearing and getting this thing going. Most of us have been here a while and ready to see some action, Come On!!!
Agree Voodoo!!! Everybody talks about Vegas, which will be fun and all, but we need to be at the next hearing and make our presence known! We should get a group together, meet up at a descent hotel and show the doubters we mean business. The "Squeaky wheel gets the grease baby". Anyways, just a beer thought!!! GLTA
How 'bout Cramers remarks on CNBC regarding Dimon? Cramer loves him some Dimon!!! Sickening
Hearings getting heated!!! Dimon is next. Go WAMU
FDIC got that money!!!
What does Weil have to do with the meeting today? Was he there just to see what they might be up against? I don't know, but doesn't make sense to me!