Yup. That's okay. lol. And why do I have free shares? Well from Apr 08 until summer 09 run I did not listen to people telling me how SPNG never see 5 cents again lol. So when it ran all the share accumulated under 5 cents for over a year made me money. So much for people over last 2 yrs telling me how bad SPNG is lol.

Nonsense I am not being sued by anyone lol. The things people make up. I have all my free shares. Please do not post lies.

The problem is this. The real blame is past WAMU mgmt. WHo clearly screwed up. Yet there is no mgmt or bank to sue for shareholders. The co can sue JPN etc but its not like WAMU is not at fault for this mess to. Now IMO unless shareholders sue JPM not much can be done. WAMU bank sold and co in BK. I still have not seen anything showing even enough can be recovered to let creditors get paid, then preferred. Good luck if it ever happens long way to go but has to come from shareholders suing JPM. WAMU has no money so does no good to sue them and mgmt.

Stock Market Holiday Schedule 2010 Good Friday April 2, 2010

That is why Friday is not a trading day. Its closed day for markets.

So mgmt wants us to believe someone will pay over 100 million for THRR?

The mgmt got what they wanted. Sold billions of shares since PR. Nothing new about that move by a penny stock mgmt.

Okay so at 10 billion times 1 cent someone is paying 100 million for a co on the pinks? Now that be a first.

I agree. This one I hold some shares and watch it. What I always see is one with low volume, and ready for news to let it run. They have been quiet a long time. Just feels ready to run on news. We will see.

I waited and watched this all week to see if another tender offer pump and dump or a real offer. Well seeing all the share volume this week its clear the co is doing one of the typical ways to sell a lot of shares. I hope for all not the case but not long to know. If not for the co selling so many shares this would be at 1 cent. So the question is how many shares will it be by April date o/s?

Someone posted they have per the t/a 10 billion o/s? I may be wrong but thought I saw that posted.

I also saw they have 14 billion a/s. So looking at volume this weeks say its even still 10 billion.

At 1 cent someone is buying a co losing money for over 100 million?

Good luck seems an very obvious pump and dump using tender pr. Then later they say deal not approved after selling billions of shares.

One thing for sure the o/s is way over what etrade shows of 1.4 billion o/s. Today alone they traded more already.

This weeks trading volume fits what t/a said over 10 billion o/s

Thank you. First time I got the answer. If they can get that after all creditors paid then has a future.

How much are the creditor claims in total. They get paid first before any common. So unless there is money above creditors claims nothing for common. It simple once creditors paid and preferred then common are last in line.

So all you need to ask is how much in creditors claims vs any potential monies WAMUQ can pay with.

BK judges job is to get creditors paid.

Now how great would it be to see Kaufman be able to get DOJ to charge some of the crooks ate Goldman or JPM. I wish but they have too many paid off congressman and women to ever see that happen IMO.

Heck too many of presidents people are former Goldman people as well.

It would be great day for this country to see the strangle hold Wallstreet money has on congress hurt with high ups charged.

I just doubt he has the power to make it happen. Too many bought off.

Great then we need to see them sure JPM/FDIC for fraud and stealing the bank way too cheap. EC file a suit for shareholders against them.

They should have already IMO.

I like to clarify this from anyone. The bK judge os just that a bk judge and court. So she is not there to settle any lawsuit as she cannot rule on any suit by WAMUQ against JPM or FDIC.

All she can do is wait and decide when all the money she can control is there. Then she has to pay creditors before any onwers/shareholders can see anything.

So the question is?

WAMUQ filed suit against JPM/FDIC? How much did they sue for? That suit it seems unless WAMUQ BOD does not agree to drop the suit to settle for monies offered is then ongoing.

Then has EC/Shareholders filed a separate suit to sue JPM/FDIC over stealing WAMU bank which IMO they did but still have to win a suit to get any more money.

So besides what BK judge can offer as her priority is get creditors paid not shareholders when can suits ever be settled or won in court?

That court is not this bk court? Unless the suits are won it just seems no more money to even pay creditors?

I do think like I said suits could be one or much bigger amounts had but that is different issue for different court.

As owners we can only get monies after creditors paid and BK judge okay's. I am not saying owners cannot win a suit against JPM. In fact seems they could. Just that again is long process. IMO people who think somehow BK court will get money for owners/shareholders does not seem feasible.

Not enough money. Now if The co continues to sure JPM etc for more money then they paid for the bank. Well what I heard is part of this settlement is they agree to drop the suit.

Even if they ever would win that suit still creditors get paid first. When more money comes into co BK judge gives it to creditors first.

Now if some think somehow WAMUQ will continue as a viable business after BK. Well with what money? They are just a shell corp now. Bank is gone and not coming back.

Sue WMI for what? Its a BK company that cannot pay the claims already filed. We have to sue JPM. Now that be a long expensive suit and with courts can shareholders ever win.

Unless BK court somehow get enough money to pay all creditor claims and has billions left over shareholder just get nothing.

So I say EC get a suit together against JPM. That is only place any money can come from. WMI has none.

I agree and add the BK judges job it to get money for creditors not owners. Shareholders = owners.

Okay if they do take orders from the WMI bd seems they have been told what settlement would be then. So Rosen was okay'ed to agree to it. I hope WMI or shareholders sue JPM and win. As far as BK settlement well if 3 sides agreed to it good luck thinking it won't be finalized.

All I see it only way shareholders are going to get more money is if somehow a suit is won against JPM and Feds.

From BK long way to go before enough money to cover creditor claims who come first.

Okay good luck to all. I see a co that really is just now a shell. The bank is gone. So if they do reorganize not sure with what money. Now if they win lawsuits against JPM etc sure. That would take quite a while yet if they can. I hope they don't agree to any settlement that would hurt those suits. I do think JPM etc could be guilty of jumping on an opportunity and helping drive WAMU stock and bank under for them to get it cheap.

That is just a tough long raod to win in court over.

If they don't win sorry they owe too much to creditors and BK trustee and judges job is to pay creditors first. Just do not see enough money to pay them, pay shareholders and have this holding co have money to build a new business.

Time will tell but this is gambling not investing at this point.

test

We are still on track for our $25.00-$75.00 a common share settlement.

Now that is good info. What is case number of this suit? I assume WAMUQ sued JPM and FDIC? That is what would be needed and BK judge I would think is not who rules on that part?

Today was bk settlement of assets owed back to WAMUQ in dispute.

The real money seems to be in JPM not paying WAMUQ fair value for the bank. So that seems a separate suit and issue?

Today if the judge rules for this settlement and all creditors agree seems it will cover them. The question is if it went how we wanted how much where we looking for over the 6 billion?

Sorry if this is known by most. Is it 120, 20 how many billion over what creditors are owed. We can only has shareholders get anything after creditors paid off.

SO how much was that expected to be?

Great SF. When are shareholders suing JPM and FDIC over that theft IMO of WAMU? The bank which is where worth taken from.

BK court sure does not look like going to require anything but getting creditors what they can.

Now regular courts seems we have filed suit against JPM etc. I may not know have we done that?

Not correct this is BK court not a lawsuit. Judge has final say who who gets paid. She has to pay in order of what BK requires and shareholders come last.

At least from the BK court and judge yes. Seems if she rules this is good settlement for creditors that's it. I hope for longs EC or shareholders etc sure JPM and Sec. The BK court is not place for that.

Separate suit IMO needed. Once she closes out BK and pays creditors hope anything left for shareholders. Does not seem so.

Others have good point if WAMUQ stays in business somehow they might let us keep shares. It be start of new co after BK so doubt that to.

ITs simple so much money goes to WAMUQ. They then with BK court pay creditors back. Then preferred. Then if any left common.

Unless something changes and in big way the hearing today IMO showed us creditors get paid not enough for shareholders to.

It sucks but unless we sue JPM that is what will happen.

Well if liab are over 8 billion owed. We got screwed. This settlement leaves nothing for shareholders.

It is a BK court she did her job. That is to get creditors all she can as she sees it. She seemed to be happy with what she heard. Her job is not to get owners money until creditors paid. So need to have money left. That is what shareholders are not creditors but owners last in line. I doubt BK court is going to leave money for shareholders after see amounts today. Just does not seem she is going to care as long as creditors get money. That will end BK then.

That makes the question have shareholders sued JPM if no money left after creditors get paid? So IMO EC and shareholders have to sue JPM for illegally taking control of WAMU from WAMUQ. Thus prove it was not legal and owe damages. That be a totally different court and suit then a BK judge settlement today.

Has that suit been filed? Nothing much WAMUQ or shareholders can do being BK.

So are there plans for shareholders to sue JPM? WAMUQ has no money to pay a judgment after paying off creditors first the co is BK. It not even a working business as this point. Bank is gone.

You did not deduct what creditors get of the billions. Do the math. Creditors in a BK get paid before any shareholders. The one good thing is this is pink market. So as long as it trades we never know.

As a co though math today keeps showing all money will go to creditors. So as a co WAMU won't have money left after BK judge pays creditors.

Now my question is this. If they do get more from JPM how much could it be? Seems today they got billions back. Yet still not enough to pay all the creditors and shareholders.

How much more could they potentially have to pay back to WAMU is more then this settlement?

At issue for anyone betting on Washington Mutual is whether the $6 billion-plus it’s receiving today will leave anything for common shareholders. Washington Mutual had about $8.3 billion in liabilities as of January 31, according to its 8-K filing with the SEC on February 26.

Now that seems to be the math question left after today. It doesn't seem like it after seeing what is owed to creditors.


http://blogs.barrons.com/stockstowatchtoday/2010/03/12/wamu-pink-sheets-wobble-anything-left-for-stock-holders/

Simple after they get the billions, they owe more then that to creditors etc. So being common shareholders makes us last in line for any monies. I made be missing something but math says there is no money left for shareholders with this settlement. Creditors and preferred if they get any will use up what settlement amount is.

That is how math and what is owed shows me. People are welcome to disagree. This is a BK so creditors are first in line.

If going to get paid ever it sure does not seem from these monies today. I think we all hoped there be a run up and monies from settlement to pay shareholders. I just cannot see with more owed to creditors then what they get how shareholders get paid.

Okay starting a new bank? Doesn't look like after BK pays creditors there will be much left. We will see. Just BK judge has to make sure creditors come before shareholders. That is just way it is.

In best case how much could WAMU get total. Then after paying all creditors and preferred what would be left for common? I like to see if anyone knows it would help people. If none left not sure how common gets any money? They are last in line per chp 11 rules so that is what it is.

Not AT ALL. It just does not seem after the order in which a BK judge pays out any funds there is any left for shareholders?

Just how it works in order of who gets paid first. Now based on what this settlement seems to show for money is there any left after paying creditors or preferred shareholders?

That really is what I am asking? If not where would money for common come from?

So lets say this settlement dies not approved. There is still only so much money to get back. So will it cover just creditors is the question or enough left to pay common something?

I will not be able to reply again limited posts on IHUB. I love to know how much would be available for common?

In best case doesn't seem like it.

It was nice gamble. What I think people are missing is with a BK.
Money gets paid out in this priority.


Secured creditors
Unsecured.
Preferred stock (if any money left after first 2).

Last in line common? So based on settlement amounts sure seems nothing would be left for common?

BK judge will use money to pay creditors IMO and not enough to pay anything to common.

I hope I am wrong but doesn't look like it.

Thanks Sony. Interesting but does prove Sec has not served him.

Well it already has facts on filing wrong since I have nothing to do with Ed Hayter. He should check his facts better before making false claims on the filing. Just stupid.

Nope. Wrong. I only got into BIHC and ever heard of it the day PR came out for June 08 about Baron sale. I got that tip form another poster on another bd. So as with any pink if going to play its a gamble. I was clear back then gamble on deal or no deal. So guess what I am down just like most of us. It won't be first or last time I lose money gambling. I have never met, talked with or even know anything but what people say on mb's about Ed Hayter.

What I do know is Paul A. and him clearly don't seem to like each other. The threats etc Paul has been posting since 08 under many names here and Yahoo are easy to see.

I wish Paul A good luck with his suit. He should try and get better facts when he files. Since me carpediem has nothing to do with Ed Hayter as he thinks. I live in So Cal and have since the 80's.

I don't know ask him. Why would I care I loss money on BIHC so what. Its penny stocks win some and lose some. So people can think what they want but he didn't even bother to file something accurate if he thinks I was Ed H. lol

Wrong again I have never started any private bd. Kim did that I agree so what. The suit is so funny when he does not even know I am living in So Cal have since 1980's and do not even post much on bds. The only 2 I used to post on is BIHC and SPNG. I won so far on SPNG and have free shares now. On BIHC I took same gamble most of us did on deal or no deal. Before June 08 PR I didn't even know about anything BIHC. Someone posted the tip on SPNG yahoo bd and I played it. I am down just like others when it became no deal. Its a pink sheet I knew the risk. Paul IMO was slug on yahoo and probably many other names. I use one name and always have on IHUB and Yahoo. That suit really made me lol today. At least he could have filed something accurate. I believe slug tried to sue Ed H before. Last year on Yahoo or it was 08 his suit got thrown out. Have fun folks until BIHC shows us something to move stock I have lost like the rest of us. Enjoy the arguing or posting whatever they call it on Ihub these days. Good luck lets hope BIHC rises again. If not I put it in the loss column. We all have wins and losses if playing penny stocks. Don't expect me to be posting no reason to. Just wanted to show how stupid the suit filed is and they didn't even bother to check and see if facts right since I have never met or talked with this Ed H paul hates so much.

I will say this he has no clue. I live in SO cal and never even met or know any of them. Good luck with that suit lol.