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goph, this has nothing to do with people not agreeing with me, it has to do with the Judge NOT agreeing to be a Federal Bankrupcty Judge for the people, by the people, but rather using her title to aid in the crimes of bankruptcy fraud for select Government Officials.
These same people should be arrested and tried for the destruction of a 110 year old corporation along with the destruction of more than 45000 jobs and the direct cause of over 100 suicides. Now go ahead and defend this criminal court along with the allies of this multiple crime ridden saga, as that is YOUR priveledge!!!
wamu, you said "exactly penny ,it's gonna happen quick ,least expected "
That does not apply to me anymore as I am EXPECTING it everday now...LOL
True believers-Rosie, Bashers, JPM/FDIC has done us many favors!
Many true believers that stay the course will find themselves with more wealth that most would have only dreamed of by hitting multi state single winning ticket lotto. Now let’s look at the facts, Rosie, Hedge Funds, Starke, Rating Agencies, JPM/FDIC and more have done everything in their power to date to have Equity eliminated. Their original plan to file chapter 11, go through the process and exit chapter 11 in eight to fourteen months with worldwide releases for ANYBODY including billions in stolen assets has failed miserably for them. At this point in this travesty, I am very happy with the Equity prices this low for this long, as it has allowed me to accumulate a position that I would have NEVER dreamed possible.
This all with something that even had a remote chance of succeeding, as opposed to one that actually will albeit even if it is very small compared to what it should actually be. Just think if Rosie would not have been able to hold the Equity prices down and for the last two years and the prices would be trading, let’s say at between fifty cents and one dollar and fifty cent a common (WAMUQ) share. I could NEVER accumulate what I have and not only that if the prices were this high I would have had to take a large portion off the table and before the true announcement is released. Due to the prices being so low, it actually encourages me to buy more as opposed to having to worry about the prices going from say $1.50 cents a share to say a dime and not selling any. No decision now, so in many ways, Rosie has been doing us huge favors while we are still here.
955, come on now, there are several longs here that think this Judge is actually Honorable and for ANYBODY to think that after knowing what has gone on with the WaMu case would make me think they are part of the CRIMINAL enterprise and paid off by the consortium, LOL...unfortunately!!!
Clawman, yes, I agree with your excellent summary on this issue!
More thoughts! Happy Thanksgiving to ALL including the Criminals!
We all know the court had her opinion ready on the infamous “four billion” as the court told us this much, but due to Rosie’s Global Settlement she never made the opinion public. There has been much discussion on DIME LTW and what does it mean. Some posters think the court has to make a ruling before any mediation agreement that may take place due to the priority if a certain party wins and some posters think Rosie is trying to use this settlement to go against the assets, thus ensuring liabilities remain larger than assets. There is no doubt that Rosie will try to zero Equity out to the very minute Equity agrees to some form of settlement, should that happen.
If there is a mediation agreement that includes Equity and the major players, it would seem to me this court would never have to make a ruling on DIME LTW and other issues that this court has not wanted to rule. DIME LTW was drug out for so long, there had to be reasons for doing so and I always thought the reason this court never ruled on certain issues in POR1/POR2 opinions is that the ruling would have had to go in the favor of Equity, thus putting Equity in charge. We know this was never going to happen because this court is protecting JPM/FDIC to whatever extent it takes. With the mess that DIME LTW exposed with the Debtors, I find it hard to believe this court is going to continue to aid in the destruction of the Estate by protecting this criminal behavior on behalf of the Debtors, Hedge Funds and Creditors. It would seem this court opinion should be since the evidence shows this court can no longer support this Global Settlement that was not of good faith and allows mediation to continue or puts a Trustee in charge since the court is afraid of Susman going after the Criminals.
Now with DIMEQ LTW trial over, some posters have been discussing we could have a mediation agreement including all major players and I think this could very easily be happening but the answer to the following question may give us an indication of when an agreement would be announced. Let’s say all major players agree to something, will it still take 30-45 days to go through voting, tally and distribution or can this just be over with a court appearance by the players with the court agreeing and signs. If this has to go though the normal process we will lose much potential NOL value, as the value starts going down each day past 1/1/2012 with the maximum NOL value being on the very first day of the year as they are prorated. We could easily be into February/March 2012 if there is as agreement as late as December 2011. The flip side of the coin is if an agreement would only take a court appearance to finish, we may have to kill enought time to get into the first week of 2012 which would put many people at ease.
The Judge was duty bound to release her opinion on the four billion when she arrived at it. She held on to it and ask them if they wanted her to release it. Give me a break, who the hell is the Judge and what is her part? She knew the damage it would do to JPM so she baited them to tell her not to release it.
This is like the guilty criminal who asks the jury not to release their opinion for fear of what a negative opinion would do. This Judge is worse than the Criminals as she has been aiding and abetting bankruptcy fraud and what do you not understand about this case?
Maray, yes, you are correct in that Walrath had her ruling ready and as a matter of fact it was the FDIC, Califano who said he did not want it ruled on as Rosie said it did not matter to him so she did nothing. I remember that one.
Clawman, if there was some sort of agreemenet worked out in mediation that coverd this litigation, the Judge would never render her decision just like she never rendered her decision on the infamous "four billion" as it was tied up in the Global Settlement, thus no ruling, YET!
Chiron, I wrote the following as a response to Gibson on Y. This could also be a thought.
Is Dime closing and Wamu Connected to settlement?
Gibson, I think it could happen if the settlement were announced that DIMEQ will be Equity and Equity is announced to be saved and "in the money", however I would not hold my breath. It would sure catch everybody off guard and keep in mind Parker left for two weeks.
The billings are a month the rears which showed they were very far along. If they wanted to announce it Wednesday evening, it would have been way to obvious for the Mediator to ask for a 2 or 3 day extension, so it was easier to ask for the next Omnibus Hearing date.
CWG, yes you are correct the NOL's grow HUGELY in the new year and they are the highest in value on 1/1/2012 and then start decreasing in value for every day thereafter. They are prorated kind of like when you were born, you started dying that very day.
CWG, keep in mind if we have to vote again that will encompass 30-45 days and the ideal time if we have to revote (not sure if ALL players agree)is now! Everyday past 1/1/2012 the NOL's start decreasing, so we want a signed POR agreed to with Equity included NOW, so by the time we go through the process it would be the first week of January, 2012.
Jack, they announce another mediation delay to fool everyone and then make the HUGE announcement on Thanksgiving Eve, probably between 8:00pm and 10:00pm to keep it quiet. Then equities could trade a little on the partial trading day on Friday and then totally forgotten by the media on the following Monday.
Strike, good to hear from you and I hope all is well. I would love to particpate but unfortunately I cannot. I know we will be in good hands with those of you that do attend. Enjoy and take care.
Night, you could be exactly correct and I was not testing you. I apoligize if it came across that way. These CRIMINALS do not play by any rules and the only thing they fear is negative publicity because they can generally buy their way out of most other adverse actions. What these CRIMINALS say and do can be and probably in most cases is an entirely different story!!!
maray, I have always been under the same impression but obviously this travesty has not gone according to the Criminals original plans. I was thinking if Bonderman still had those shares and with the change of fortunes for Equity (hopefully), this could be worth ANOTHER fortune to Bonderman and this potential CRIMINAL could become our unexpected allie, albeit was never planned this way. I am sure ther will be more twists and turns coming but I feel VERY GOOD that more positive news is coming VERY soon!!!
Night, I believe you are wrong. Sure, they may not show them holding any shares at their website but who cares about that when they could have transferred those shares into one of the many subs or other that they have. NOBODY has ever seen where they sold somewhere aound 850 million shares and nobody has ever seen TPG address these shares directly which IMHO, means they still own them. If you can find proof or have actual proof of them unloading these shares, I and others would love to see this proof!!!
No major reverse split and here is why!
Many favorable actions have happened in the WaMu tragedy since the beginning. They all seemed in the nick of time with each occurrence just in time to save Equity from being zeroed out which brings me to my conclusion. It falls into an area about a well known poster on Yahoo that makes one wonder into the negative zone about her actions. In the very beginning of this case, this certain poster made sure all players understood that an Equity Committee was not needed and tried repeatedly to ensure Equity was in good hands without a committee. I had a real problem with this in the beginning due to the fact that why would one NOT want to protect their interests? To me this is just common sense which made me wonder what her ulterior motive was. Here is the link about the NOL’s that saved us the first time which ultimately brought in Exigent Circumstances (December, 2009) by then U.S. Trustee, Joe McMahon. This act ended up putting assets over liabilities at the time and made Rosie panic and regroup.
http://www.cpa-connecticut.com/net-operating-loss-carryback.html
Then we had several more of these actions that had to do with laws getting passed in the nick of time such as the Stern Decision by SCOTUS and then ANICO Decision overturned which has given us all hope and has thrown wrenches into the Criminals original plans. I have always wondered about Bonderman and his ulterior motives due to what appeared to be his inactions with his two billion investments in WaMu and another five billion of Chinese money he had invested in early 2008. Then in September of 2008 the Criminals seized the bank along with their investments. When WaMu accepted Bonderman’s bid over JPM, this made the true Criminals furious and they were set on “one-upping” Bonderman who I thought for a while was against us. Though recently, I have come to the belief that Bonderman is positive for Equity and that with all of the Texas connections such as Bonderman, Willingham, Susman and others who are all key players in this mess are connected directly or indirectly and from Texas. I know Bonderman was on JPM’s board at one time but that to me that means nothing as these types of people are generally on multiple boards for their own advancement. Bonderman also left WaMU’s board in late 2008 to 2009 which also may explain he was not working with these Criminals. Another mysterious action is one of Nate Thoma (thank God) and I will not say anything other than another miracle with perfect timing and to save Equity AGAIN in the nick of time.
I have always thought there are/were behind the scenes player (s) and I have come to the conclusion that since Bonderman has virtually said nothing publically and who is the largest/controlling shareholder that he is the main behind the scenes player, using others to do his bidding in order to keep his legacy quiet and behind the scenes. I do not feel there would be anybody (especially Government types) that would go to the extent this case has to save Equity when this should have been a slam dunk bankruptcy filing with WaMu being in and out of chapter 11 with Equity cancelled in eight to fifteen total months. With certain documents filed under seal, this could be to protect obvious players from repercussions along with other obvious reasons. This could also explain why the court refused to let the public see what was under seal for their own protections and the protection for this case in general.
Now, if I am correct in my assumptions (Bonderman is positive for Equity) based on the facts I have witnessed happening and Equity is now calling the shots, there is no way in hell that Bonderman would let his Equity be hugely reduced through a reverse stock split. These types of actions are generally VERY negative for Equity and the company going forward. Bonderman’s history has always been very low key, quiet, no headlines and extremely professional, so his action’s in this travesty are in tune with his business style. Keep this in mind, JPM/FDIC have never liked the west coast banks and people from Texas due to the fact they generally do not play the corrupt Wall Street games, so it would actually be perfectly fitting for JPM to try and screw Bonderman after he destroyed JPM’s attempt to steal the bank ($8.00 a share offer) through his WaMu investment in early 2008. At some point soon we will see what hand Bonderman has played and whether he was also played by the Criminals or is in fact one of them himself.
Debtor’s actions tell me the EC has taken charge informally!
There are some very interesting actions going on with all of these filings that Rosie would have NEVER done unless he and his firm are desperate. I have wondered (if no deal) for a while who will pull the plug first on the Global Settlement, Rosie or the FDIC? It is hard to tell at this time, but if this has not been totally resolved by Tuesday (weekends are good for Multibillion dollar deals) then I would have to bet the Global Settlement is history and for all practical purposes could be anyway. There is probably much infighting going on. If there is not a deal and even if there is a deal, Rosie is being forced to take actions that he never would have and did not. I just cannot believe the FDIC will go forward without releases from Equity and their actions have proved they are exploring their options by NOT signing the Global Settlement.
I will say one thing for sure, that SOMETHING has most definitely happened in a horrible way to the CRIMINALS. This COULD suggest with all of the CRIMINAL’S actions combined, that a deal with Equity along with continuing mega billions of dollars worth of litigation has been reached that they cannot win or this Global Settlement is officially dead but not announced. In the case of a deal with Equity, this would suggest that Equity is taking the MAJORITY or all of the reorganized company with multi billions of dollars worth of litigation for the reorganized company going forward. Good news is if this part is true and announced with the 8K filing, the market will realize some value and start revaluing our securities accordingly. Still several ways this could go, but the actions show me Susman is unofficially in control of the Estate. We will see many more positive developments soon. The revaluation of Equities prices starting which will be in full swing VERY soon with a deal or the announcement that the FDIC will opt out and make a deal with Equity. Something VERY BIG has happened!!!
Catz, yes, I agree but for the longest time here Rosie spun this as a NEWCO with all equity cancelled, new shares issued, new name when most of this is NOT the way it should work, unless one has ulterior motives such as continuously committing bankruptcy fraud by hiding, selling, giving and destroying assets.
I am sorry but this IS BANKRUPTCY FRAUD at its highest being aided and abetted by a Federal Bankruptcy Judge who is as obviously as conflicted as Rosie and should be treated exactly the same by our constitution and that is arrested and charged accordingly!!!
First of all this NEWCO is just B.S. There is NO REASON for a new company. Way to many people got hooked on that from Rosie. A reorganized WaMu could get revalued, exit chapter 11 and continue on with some of the reorganization being in reaging the preferred debt, cancelling some other and/or converting some debt into common. Do not listen to people who say this ABSOLUTE PRIORITY rule has to be adhered to, it does not when the principal holders agree to a plan. That is what bankrutpcy is for, the major players make a deal and that will be that whether we like it or not. Like this court ACTUALLY follows any principal, rules or other...give me a break!!!
Reread my post!!!
fsshon, keep in mind what Rosie used for valuation in the Reorganized Company that I think was around 150-200 million and the EC's (Maxwell) valuation was around 250-300 million. With that said, I have no doubts on two issues and one being this Judge will never publically rule on the four billion and the assets will NEVER be shown to the public. So when they file the 8K about the settlement it will probably be the EC's higher valuation so the stock MAY only trade at between ten cents and a quarter but the key point is Equity WILL NOT be cancelled and there will bo NO REVERSE SPLIT!!!
Now you and I know the cream will rise (assets hidden in reorg-co.) to the top over the next six to twenty months post bankruptcy which will take the shares anywhere from fifteen dollars a share to seventy dollars a share for common, similar in principal to Kmart but only we will share the ride with some of the CRIMINALS. Hopefully, we get the ENTIRE Company but will have to wait for what Susman comes up with. In the beginning unless they release "other" valuation, the stock will probably be that low and of course if there IS A SHORT Squeeze it would be another story. This would be a game changer for a short period of time till the market revalues and comes back to what it should be based on the publically known facts.
The internal feud…Rosie’s firm, FDIC or JPM capitulates? One hundred billion dollar question!
Now here is a question for those who are trying to figure this out. My guess is to try and figure out who has the most to lose as the sun is coming up in the east and is expecting to get very bright over time. I would at first say Rosie’s firm has the most to lose but the more I think about that the more I think that is incorrect. It is the FDIC that has the most to lose. Look at how many banks the FDIC has claimed that "failed" over the last several downturns and the number would be astonishing. It is almost like the FDIC makes a plan for the next downturn so they can arbitrarily seize solvent banks under the disguise of actually being legal. The FDIC would lose a plan they have had in place many decades and not to mention the public would hopefully DEMAND that the FDIC be taken down.
If the FDIC’s game plan was ruined by this illegal seizure the public would go mad demanding the “heads” of these criminals and not to mention a full blown investigation that would lead to many high level people put in prison. The only thing these true Cockroaches’ fear is sunlight and the sun will be getting very bright soon on this multiple-crime ridden tragedy that is dying to be brought to the public’s awareness. So I will say the FDIC has started to do the right action by NOT resigning the Global Settlement Agreement and where will this lead? I say it leads directly to Equity so these true Cockroaches can sleep better by getting their releases they so DESPARETLY want and need! I know the FDIC cannot legally talk with Equity until they bail, but as one should know by now; these rules do not apply to them. I look for the FDIC to make the next HUGE ripple in these shark invested waters and any day now. The FDIC cannot keep gambling that this will NOT break open and the court has told them, no more contentious Confirmation Hearings.
Mrchnt, yes you are correct at pointing the NOL's out and how Rosie lied to the court and purposely has misled the Estate in trying to decrease any and all assets which just goes to prove my point. I have said for the majority of this case that Rosie and this Judge were picked to be "partners" in this historic crime ridden travesty. IMHO, all of the people who are involved in this historic (coverup) tragedy which encompasses multiple suicides, 45000 people who lost their careers and retirement accounts along with much more are nothing more than TERRORISTS themselves and should be treated accordingly!!!
This case will resolve ONLY when the internal feud is settled!
I will say Equity has made it and will NO DOUBT survive! Now, I have just made a very bold statement and I feel comfortable enough with how this process has gone recently to double my position in common shares. So let’s look at where we are. The reason the FDIC signed the last two extensions is because the way the court was protecting the CRIMINALS, it appeared to these same CRIMINALS that a signed POR by the court was assured and unfortunately, I almost felt the same way. I will make another BOLD statement and say the FDIC will NOT sign on to another extension unless Equity is included and I also feel the FDIC may be working with Equity directly. I thought the FDIC would have worked with Equity directly a long time ago, but the way the case was going there was obviously no reason for them to do so as we can clearly see now.
The Judge made it very clear that she will not hold another contentious POS POR hearing and believe it or not, guess what, I actually believe her. With that said, why in the world would the FDIC sign on when they have a free opening, the court made it clear no more contentious POR’s, FDIC is free to make their own deal with releases and this leads me to the one hundred billion dollar question, why would the FDIC sign something now without releases for FDIC-C when they can force JPM to pay more? So folks the fight now is INTERNAL with the CRIMINALS and who will balk first, JPM or the FDIC or Weasel/Gotcha/Mangle?
Do not forget Rosie who has a firm all set and ready to implode and become the next Arthur Anderson based on all of their malpractice/bankruptcy fraud. Equity is in the best shape and for ALL practical purposes this Global Settlement is DEAD without Equity. I would like to add one more very positive note and that is the information that most of us have gained here is/will be almost as good as insider information due to the fact there is virtually no reporting on this worldwide for over three years and when it is reported it was/is altered to fit the CRIMINAL’s agenda. There will probably NEVER be another chance to buy a stock in a solvent organization for under seven pennies on the dollar that could in turn be worth anywhere from fifty cent on the dollar to seventy eight dollars per common share. Now how do you like that spread?
fsshon, I concur with your assessment as I have thought for a long time the easiest way around most of the obstacles and get releases at the same time is to work with the EC directly. I just never thought it would have taken this long but the CRIMINALS had no reason to expedite this process when it was ALL in their favor!!!
Sun, good information and thank you. I did not omit on purpose. There is no question most of these stocks are "pump and dump" but when one is aware in the beginning just ride the ride and hope to get out in time. If one is to greedy, it IS A GUARANTEE you will lose money!!!
Here is the latest MILV news release for Sunday, November 06th, 2011.
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Just an observation that COULD have relevance!
I would like to say let’s look at what Weasel/Gotcha/Mangle could have to lose. I have said in other threads that the CRIMINAL’S plan was to be in and out of bankruptcy with all of the stolen goods within eight to fifteen months as so they have failed miserable. At this point in time, Rosie and his firm have to be almost panicking at the thought of further discovery which will tie all of the CRIMINALS together and with evidence found by Team Susman. This will no doubt put the Judge in a corner if she does not revisit the Global Settlement Agreement due to illegal and more than likely crimes committed during the formation of the G.S.A. Many people think that we cannot get a deal due to JPM/FDIC not involved with mediation. I do not know how anybody can actually say this since Rosie has been representing EVERYBODY in this crime ridden saga EXCEPT his own client which just happens to be the Estate best interests.
Now we are all wondering what will happen tomorrow and most of all of us know the three options that the Judge has ask of the Mediator and we will know tomorrow which one it is which brings me to my point. Since Rosie’s firm is at risk of turning into the next Arthur Anderson due to all of their illicit, illegal, manipulative and outright malpractice in representing this Estate, do NOT be surprised if Rosie is actually working FOR Equity discreetly and somewhat even behind JPM’s back to ensure some sort of settlement with Equity which would probably ensure releases for Rosie’s firm. At this point Rosie can possibly still save the firm, but if this Global Settlement blows up the entire firm of Weasel/Gotcha/Mangle COULD go down in a criminal way. Keep in mind one thing Rosie is not going down for anybody and at this point he may realize to ensure his own survival, it may be in his best interest to ensure Equity makes some sort of deal. I certainly would not want to be in Rosie’s shoes and if I were, I would be looking at protecting my own hide since this mess has not gone the way it was planned.
More time is a HUGE plus for WMI!
No matter what happens in this case, the CRIMINALS are going to be on the short end of this stick in comparison to their original plans of exiting this bankruptcy case in eight to fifteen months. Let’s look at what can happen and will happen should the decision tomorrow will be “no hope for settlement” and/or more time which will ultimately end with the same result more than likely. That means in either case chances are the discovery stay will be lifted and then discovery goes on for let’s say two months. Now we are at the end of January and let’s say for simplicity the Judge even hears what the EC has come up with by the end of January. If this court will still not throw out the Global Settlement, then Rosie introduces another one and then from that point at the end of January we could add another three to five months for the end of the Confirmation Hearings which could take us into June of 2012.
This is where it gets real interesting because there will be actions that take place if Equity is not included and if Equity is included, then this will be over long before the June target date. I have said before and will say it again, there is ABSOULUTELY no way that Susman is going to lose to this corrupt and disgusting court actions during the last (will be) almost four years without doing something shocking, Before this Judge can equitably moot Equity, he will introduce a Mandamus filing that will upset the Delaware bankruptcy court’s apple cart. I say he will only do this in a last resort, but he will absolutely do something of this nature before losing to all out corruption.
http://en.wikipedia.org/wiki/Mandamus
Let me end all of this with why time is so much on our side. Many people have forgotten what happened last June 24th, 2011 and that is why I spelled out the time line above and obviously the timeline could be off a month or two either way. Last June ANICO won the reversal on appeal of their decision to throw their case out. I am not positive but I would like to know (Buehler-Buehler) for sure, but around March/April of 2012 ANICO’s either trial or case comes up with all of the stuff involved that we know of. This including tort claims, Project West, emails showing how JPM brought WaMu down, rumor mongering and much, much more. This will gain much momentum and if our case is still here the CRIMINALS plight may become worldwide news that we have been thirsting for and do not forget it will get much more political as well due to the election.
Uzual, you said the two people that need to be in mediation for settlement are not there such as JPM/FDIC. You could not be more wrong as they ARE THERE. Who do you think Rosie has been representing in this case as it sure as hell has not been WMI? Weasel/Gotcha/Mangle has been representing EVERYBODY except WMI!!!
Wamu and Oil, since the CRIMINALS through all of their collusion stole everything from the Estate and their 14 month plan to exit chapter 11 with all of the goods has failed miserably, Equity has only one way to go and that is the way of LARGE GREEN for ALL longs!
Wamu, but, but what you just said is a fact!
fsshon, thank you and all I can say it is all just very unfortunate for our entire country what has happened and is continuing to happen.
Now for your limb, I REALLY, REALLY want to go out on that limb but with these peoples past actions, it tells me more than likely they played this just enough to get the Mediator to say he wants more time but until, until this court makes some decisions such as more discovery, leaks or whatever, these people have no reason to settle. They know how corrupt it is and they are betting this Judge is to soft. Remember, they can always make a decision to settle and the other thing we do not know is how much Susman REALLY wants.
My take is he will go to the mat with this corrupt court before he loses, which plays into my other post you read. Before anything else happens, blood has to spill before they release their grip on the billions and with this soft court, that has not happened but I will say this. The Judge is out for her own agenda and part of her agenda means she WILL ABSOULUTELY burn these Horsies if they are too stupid. They may quickly settle if this Judge orders deep discovery which is the limb I would go out on..
Not to worry, Susman has a plan if needed!
I have no doubts with the way this case has gone that there is any way Walrath will get to equitably moot the EC’s position in this case. There is also no doubt that Susman’s appeal will NOT be heard in the Delaware Bankruptcy before it will be equitably moot and I have no doubts this will be by design as well. When one looks at the timing of many events in this case to save Equity at just the right time, there is also no doubt in my mind that Equity has ‘some’ allies, whether they are in one branch or another of the U.S. Government or high powered people in the corporate world. From the law that got pushed through giving the estate billions of dollars more via taxes, to SCOTUS (Stern) ruling, to the successful ANICO appeal and a host of other positive issues for Equity there is higher powers silenty at work here.
With these facts in mind, I also have no doubts that if push comes to shove and there is no agreement by Equity and little Rosie’s partner lets him enter another POS POR, then I think you will see Susman act, but not before it is time. Let’s hypothetically say Rosie enters his new POS POR without Equity and let’s say the Confirmation Hearing will be set for January 15th, 2012, it would be somewhere between two and four weeks before this hypothetical date that Susman will take action. Since this Judge has approved the Global Settlement that will not be heard in time before being equitably moot in Delaware, then technically Equity has been aggrieved and being denied a legal right by someone who has a legal duty to do something and abstains from doing it. So at this time Susman will enter a writ of mandamus taking the power away from this Judge or at least a real attempt at justice for Equity.
http://en.wikipedia.org/wiki/Mandamus
Another VERY POSITIVE MILV article released on Fidelity's website!
At some point MILV will skyrocket and make todays price look only like a wishful dream!
http://eresearch.fidelity.com/eresearch/goto/evaluate/news/basicNewsStory.jhtml?symbols=MILV&product=USPR____&provider=PR_NEWS_&storyid=201111021901PR_NEWS_USPR_____SF99191&hlinks=vnhl
Another aritcle citing links and more MILV coverage. This thing is really going to take off and I think tofay was just a taste of wht is to come,
http://us.mc654.mail.yahoo.com/mc/welcome?.gx=1&.tm=1320187423&.rand=4987t9rnj2f0g#_pg=showMessage&sMid=0&&filterBy=&.rand=535726526&midIndex=0&mid=1_43303_ABUJDUwAAIdKTrBzsQtEw39pbCA&f=1&fromId=picks@awesomepennystocks.com&m=1_43303_ABUJDUwAAIdKTrBzsQtEw39pbCA,1_25977_ABYJDUwAASyQTq%2Fz2QFEUDFRyaU,1_1199_ABoJDUwAAQb7Tq586gc1KT382I0,1_2164_AB0JDUwAADzbTl5t4AW0IDpW0DY,1_2939_ABsJDUwAAV%2BxTf%2FMbgIHh0wUiJY,1_3568_ABgJDUwAAI4nTc2%2BXAs67nuRrB4,&sort=date&order=down&startMid=0&hash=464acfb54ecb095cf6b81ea678588e3c&.jsrand=3029560
Lets hope it is not a copy/paste of the Examiner's report!
Wamu, her and Rosie have literally been partners in this continued crime ridden saga. The only reason Equity has a chance IMHO is Walrath is using the Horsies to further her OWN AGENDA and she will bust them if she has too. I have no doubts that the Stern decision handed down by SCOTUS has to do about power and limiting the power of the Delaware bankruptcy court. I believe this is about continued fallout of the Kmart mess and Walrath wants to get back in better standing with SCOTUS so she will use the Horsies to do it.
I certainly hope SCOTUS sees through her B.S. because if it were not for her own agenda, we would have been history long ago. Obviously, this Judge has done EVERYTHING to further and enhance Rosie's agenda as opposed to doing the RIGHT action for the Estate and that is to demand what was transferred, what was owned by who and more instead of helping to continue and hide all of the Estate's assets.