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All that was to obtain the releases from shareholders, in exchange for virtually nothing!
So, those common shareholders who voted to accept the plan and, therefore, gave the release, fell into a trap?
I agree!
Thank you for the answer!
Judging by all the public information we have, I am very pessimistic. I hope there is something unknown that changes the scenario.
Why an offer for US4.00 when the current price is less than US 4 cents?
With this pps how much the whole market capitalization of the company would be? Think about it...
I am afraid real shareholders were killed when WMI agreed to withdraw the lawsuits against JPM and the FDIC!
I regret I didn't realize shareholders were dead when WMI accepted to withdraw the lawsuits against the FDIC and JPM!
Thanks for the answer!
Do you know whether the new company will be an open company ( with its shares quoted in the NYSE or NASDAQ )?
All that fight for a worthless new company!? I don't think so.
Thank you!
Sorry to ask, but the vote is not exercised by the Credit Comitee of Shareholders, rather than by individual shareholders?
Amen!
This is an unpredictable case! Thare has never been anything like this Wamu case!
At the present PPS, I think it is a good bet! Just my opinion.
Well, it might explain what TPG made to its investment in Wamu.
Well, it might help to explain what TPG made to its investment in Wamu.
It should be old. Anyway, here it goes:
http://www.bloomberg.com/news/2011-11-29/how-henry-paulson-gave-hedge-funds-advance-word-of-2008-fannie-mae-rescue.html
The American economy will not collapse. It will prosper!
Well, look at the former AIG controlling shareholder! He is suing the US for at least US$ 25 Bi!
I think the only real value for Wamu shareholders is the release of litigation that JPM and the FDIC want to obtain.
Could be. Look at that:
http://www.cnbc.com/id/45385630
Was it posted before?:
http://www.cnbc.com/id/45385630
5 times the current value, which is a pps of US$ 0.40, is more than enough for me to go ahead!!!!
Well, things are certainly more complicated than you see!!!
Again, who knows!?
As I said, who knows!?
However, based on everything I saw so far, it is my opinion that commons will see value ( possibly substantial value compared to the current pps ) in their stocks!
I hope you are dead wrong!!!! Who knows!?
Well, I bought more after seizure and hope pps will go up!
I am trying to understand if I can recover what I lost pre-seizure!
In the end, what you think is that if the insider trading issue was not being discussed, we would be gone by now, meaning that the seizure of Wamu and its sale to JPM would be closed matters.
Is it what you think or you believe there is much more in question?
I'm afraid this point has already passed!!!!!
America's proving to be like any other country!!!
The front page report below is interesting!
http://www.bloomberg.com/
I also think hope is real!
I don't understand, however, why the proposal that Wells Fargo made to acquire WAMU or certain of its assets and the FDICs disregard for it is not the object of an investigation!
Perhaps it is!?
Hope it helps!
It's the same news I posted, just more complete.
http://noir.bloomberg.com/apps/news?pid=conewsstory&tkr=WAMUQ:US&sid=aboemQ5bAEZk