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Up until a couple of days ago, the PPS was actually lower
than the DIVIDENDS WAMKQ HOLDERS WILL RECEIVE per SHARE.
THAT IS ONE OF THE FUNNIEST THINGS I'VE TYPED IN A
VERY LONG TIME [/B]
No conversion options with these SHARES.
Possible Outcomes for WAMKQ = CASH or CASH
HA HA HA HA HA HA HA
Generally when there is language within a prospectus of a convertible stock suggesting that such stock can be
"converted" , in most cases , "CONVERSION" is almost
always the END RESULT.
Here is an old 10 - Q form from April of 08 that might not be directly related to my above statements, but certainly relate to the situation at hand.
http://inforna.com/cos/sec-filing.aspx?id=9113253
$1,000 CASH PAYOUT for WAMPQ…………………………
POSSIBLE but not PROBABLE.
Hate to break it to ya kids, but WAMPQ isn’t all it’s cracked up to be.
If you all think you are going to get paid $1,000/share………………..
YOU’RE ALL NUTS!
I still HOLD WAMPQ , but there are
KEY inclusions of the prospectus and ARTICLES OF AMENDMENT should
RAISE some eyebrows. PLEASE KEEP IN MIND THAT ALTHOUGH WASHINGTON MUTUAL IS IN CHAPTER 11, THEY HAVE NOT MISSED ANY OF THEIR DECLARED DIVIDENDS (If anybody has not been paid a dividend or is aware that 6 dividend payments have been missed, then I’d like to see proof) there has not been a change in ownership, etc. etc, it is a good BARGAIN, but not a GREAT BARGAIN (wamuq is actually a “better “ buy than WAMPQ by FAR if you don’t mind a little extra risk) and it is
HIGHLY UNLIKELY THAT WAMPQ HOLDERS WILL SEE $1,000 per share anytime too soon. : ^ (
(n) “Conversion Price” at any time means, for each share of Series R Preferred Stock, a dollar amount equal to $1,000 divided by the Conversion Rate (initially approximately $21.25).
(o) “Conversion Rate” means for each share of Series R Preferred Stock, 47.0535 shares of Common Stock, subject to adjustment as set forth herein.
(c) The Company’s consolidation or merger with or into any other entity, the consolidation or merger of any other entity with or into the Company, or the sale of all or substantially all of the Company’s property or business will not constitute its liquidation, dissolution or winding up.
(you should KNOW where to find all of this and what it “means”)
THE VERBAGE IN THE WAMPQ “LITERATURE” LEAVES A LOT MORE UP IN THE AIR COMPARED TO THAT OF WAMKQ
Please don’t ask for “a link”. If you look hard enough you will be able to find more than a couple links that should put a damper on your BIG DADDY POWERHOUSE STOCK PARTY.
TRUST ME, It’s not as BIG and BAD as you think. There are several REASONS why this stock has not been following suit with the RUNNERS. People are unsure of its TRUE VALUE, and JUSTIFIABLY SO. Don’t get me wrong, It is a GREAT STOCK, just not the BEST!
Please direct all questions about this issue to someone else. Apparently everybody here does such good DD , yet somehow MAJOR DETAILS seem to get missed on a more than REGULAR BASIS .
We all have access to pretty much the SAME INFORMATION, however, we ALL look at things DIFFERENTLY. I understand that, but there are some things that no matter how hard you try to
DISPROVE them, it simply isn’t possible.
A GREAT EXAMPLE of this is the practice of “CASTING OUT NINES”. If you have not heard of this, please do your own “DD” and you SHOULD understand my next statement. Some things ARE THE WAY THEY ARE, and no matter how hard one might try, SOME THINGS CANNOT BE CHANGED and SOME THINGS CANNOT BE DISPROVEN. They ARE THE WAY THEY ARE, and there’s not a d@mn thing anybody can do about it.
Another example of this is that of EASTER (worth repeating)
EASTER ALWAYS FALLS ON THE FIRST SUNDAY AFTER THE FIRST FULL MOON AFTER THE
VERNAL EQUINOX!!!!!
It doesn’t matter why, it’s just the way it is.
Some things you just have to accept and DEAL with, or you’ll end up killing yourself fighting a
Losing battle. Fight the GOOD fights, and fight them HARD!
WAMKQ AND WAMUQ ARE THE BEST STOCKS TO BUY BECAUSE OF THEIR
PRICE + TRADEABILITY
$1,000 CASH PAYOUT for WAMPQ…………………………
POSSIBLE but not PROBABLE.
Hate to break it to ya kids, but WAMPQ isn’t all it’s cracked up to be.
If you all think you are going to get paid $1,000/share………………..
YOU’RE ALL NUTS!
I still HOLD WAMPQ , but there are
KEY inclusions of the prospectus and ARTICLES OF AMENDMENT should
RAISE some eyebrows. PLEASE KEEP IN MIND THAT ALTHOUGH WASHINGTON MUTUAL IS IN CHAPTER 11, THEY HAVE NOT MISSED ANY OF THEIR DECLARED DIVIDENDS (If anybody has not been paid a dividend or is aware that 6 dividend payments have been missed, then I’d like to see proof) there has not been a change in ownership, etc. etc, it is a good BARGAIN, but not a GREAT BARGAIN (wamuq is actually a “better “ buy than WAMPQ by FAR if you don’t mind a little extra risk) and it is
HIGHLY UNLIKELY THAT WAMPQ HOLDERS WILL SEE $1,000 per share anytime too soon. : ^ (
(n) “Conversion Price” at any time means, for each share of Series R Preferred Stock, a dollar amount equal to $1,000 divided by the Conversion Rate (initially approximately $21.25).
(o) “Conversion Rate” means for each share of Series R Preferred Stock, 47.0535 shares of Common Stock, subject to adjustment as set forth herein.
(c) The Company’s consolidation or merger with or into any other entity, the consolidation or merger of any other entity with or into the Company, or the sale of all or substantially all of the Company’s property or business will not constitute its liquidation, dissolution or winding up.
(you should KNOW where to find all of this and what it “means”)
THE VERBAGE IN THE WAMPQ “LITERATURE” LEAVES A LOT MORE UP IN THE AIR COMPARED TO THAT OF WAMKQ
Please don’t ask for “a link”. If you look hard enough you will be able to find more than a couple links that should put a damper on your BIG DADDY POWERHOUSE STOCK PARTY.
TRUST ME, It’s not as BIG and BAD as you think. There are several REASONS why this stock has not been following suit with the RUNNERS. People are unsure of its TRUE VALUE, and JUSTIFIABLY SO. Don’t get me wrong, It is a GREAT STOCK, just not the BEST!
Please direct all questions about this issue to someone else. Apparently everybody here does such good DD , yet somehow MAJOR DETAILS seem to get missed on a more than REGULAR BASIS .
We all have access to pretty much the SAME INFORMATION, however, we ALL look at things DIFFERENTLY. I understand that, but there are some things that no matter how hard you try to
DISPROVE them, it simply isn’t possible.
A GREAT EXAMPLE of this is the practice of “CASTING OUT NINES”. If you have not heard of this, please do your own “DD” and you SHOULD understand my next statement. Some things ARE THE WAY THEY ARE, and no matter how hard one might try, SOME THINGS CANNOT BE CHANGED and SOME THINGS CANNOT BE DISPROVEN. They ARE THE WAY THEY ARE, and there’s not a d@mn thing anybody can do about it.
Another example of this is that of EASTER (worth repeating)
EASTER ALWAYS FALLS ON THE FIRST SUNDAY AFTER THE FIRST FULL MOON AFTER THE VERNAL EQUINOX!!!!!
It doesn’t matter why, it’s just the way it is.
Some things you just have to accept and DEAL with, or you’ll end up killing yourself fighting a
Losing battle. Fight the GOOD fights, and fight them HARD!
WAMKQ AND WAMUQ ARE THE BEST STOCKS TO BUY BECAUSE OF THEIR
PRICE + TRADEABILITY
(dragon52, this message was not aimed at you but was intended for EVERYBODY)
HAPPY THANKSGIVING!
If one knows where to LOOK, one can come VERY CLOSE as to the TRUE VALUE of WMIs ASSETS.
I'm done trying to help you see the light.
Hope you had a GREAT holiday and picked up some WAMKQ while you can still get it under .50
WAMUQ and WAMKQ = FULL STEAM AHEAD
You are going to see it JUMP again SOON............
The charts are looking BULLISH
because the ACTION is BULLISH
The only TRUE resistance is that of the MMs.
EVERYTIME I BUY WAMKQ I ALWAYS BID .01 over the ASK
I would rather HAVE WHAT I WANT WHEN I WANT IT, as opposed
to trying to get a "DEAL", and yes, if one was more picky and was planning on selling the sought after shares soon after the execution of the trade, then bidding .01 over the ASK would be wasteful and inefficient, HOWEVER,
If there is a REAL chance that
YOU WON'T BE ABLE TO BUY WAMKQ FOR UNDER .50 NEXT WEEK,
I would recommend just putting in a BID at
.28 RIGHT NOW!!!!!
I would RECOMMEND BRACING YOURSELF FOR MONDAY!
Have a GREAT day!
I was up late last NITE should have slept in.....
GOOOOOOOOOOOD MOOOOOOOOOOOOOORNING WAMKQ BOARD!
I only have a few posts left for the DAY, but just wanted to
make sure EVERYONE IS PLAYING!
If you are in but were worried, there is NO NEED TO BE!!!!!
Stop WORRYING and ENJOY YOURSELF!
THIS IS GOING TO BE FUN!
DON'T SELL
BUY BUY BUY BUY BUY
WAMUQ VS FNM
WAMUQ is going to have a BIGGER RUN,
however,
hopefully a LOT of you got in on FANNIE last week.
You are :^) if you did!
GO WAMUQ
The SCOOP on WAMKQ DIVIDENDS:
The dividends that are currently accruing and payable on December 17,2008 have already been DECLARED
Liquidation Rights***************** Upon our voluntary or involuntary liquidation, dissolution or
winding-up, holders of Series K Preferred Stock will be entitled
to receive out of our assets that are legally available for
distribution to stockholders, before any distribution is made to
holders of common stock or other junior securities, a
liquidating distribution in the amount of $1,000,000 per share
of Series K Preferred Stock plus any declared and unpaid
dividends,
without accumulation of any undeclared
dividends.
Distributions will be made pro rata as to the Series K
Preferred Stock and any other parity securities and only to the
extent of our assets, if any, that are available after satisfaction
of all liabilities to creditors.
How is there still any question that these divis will be paid?
GREAT REASONS TO BUY WAMKQ
EXTENDED HOURS:
Last: 0.28 Change: +0.06 (+27.27%) Bid: 0.28 x5,000 Ask: 0.32 x5,000 Extended Hours:
Real Time Extended Hours Quote Last Trade as of 3:50 PM ET 11/26/08
Last Price Today’s Change Bid (Size) Ask (Size) Day’s Range Volume Trade
0.28 +0.06 (+27.27%) 0.28 x5,000 0.32 x5,000 0.22 - 0.39 281,225
OTC Real Time Quote Last Trade as of 3:50 PM ET 11/26/08 Hide Extended Hours Quote
Open 0.225
Previous Close 0.22
52 - Week Range 0.01 - 18.25
9/29/08 - 4/8/08
Avg Volume (10 days)539,930
P/E (Trailing 12 mo.)0.0x
EPS (Trailing 12 mo.) --
Next Earnings Date--
Market Cap 280.0
Shares Outstanding 1.0 K
Beta 0.0
Dividend Yield 361.11%
Declared Dividend 0.2528
Ex-Dividend Date 8/27/08
Dividend Payable Date 9/15/08
WAMKQ WASHINGTON ... Dividend 12/17/2008 0.253
WAMKQ WASHINGTON ... Dividend 03/17/2009 0.253
WAMKQ WASHINGTON ... Dividend 06/16/2009 0.253
WAMKQ WASHINGTON ... Dividend 09/15/2009 0.253
If you REALLY want to know whose HOLDING........
GO TO www.secinfo.com sign in and look up
SEC File 28-00126
This is just 1 of MANY
Start with their most RECENT amendment and work out from
there.
The more precisely you SEARCH, the EASIER it is to see the
SCOPE of the situation..............................
It is going to be FUN to watch the EARLY ACTION
If you SHORTED,you better HOPE they LET you COVER before it
POPS!
CONSIDER YOURSELVES WARNED!
"Preferred stock is rated in a similar fashion to bonds as well. Standard & Poor's ratings range from AAA (best) down to D (worst). These ratings help investors make judgments as to whether the underlying company will be able to pay dividends. Should the company default on dividends and declare bankruptcy,
PREFFERED stock holders are ENTITLED to ASSETS ..........
BEFORE common stock holders. "
"The bottom line is that preferred stock is less risky than common stock. It's designed to provide an income generating opportunity for investors while raising capital for the underlying company. As Buck investors, we probably shouldn't be thinking about preferred stock until we approach retirement in 30 years, but it's good to know the difference. "
This is a partial quote from one of the almost INFINITE # of
RESOURCES that are available that can answer a LOT of your ?s
https://www.techagreements.com/agreement-preview.aspx?num=628198&title=Washington%20Mutual%20-%20Securities%20Purchase%20Agreement
http://www.secinfo.com/dsvrp.uXuv.htm
BYLAWS: http://www.secinfo.com/$/SEC/Documents.asp?CIK=933136&Type=EX-3
http://investors.wamu.com/interactive/lookandfeel/102028/V23402_WAMU_424b5_Clean_.pdf
Washington Mutual (WM) Prices 3M Convertible Preferred Share Offering
More News related to WM
Investors Suffering Stock Market Losses as a Result of Over-Concentrated Portfolios May Have Claims Against Their Brokers; the Law Firm of Stein, Stein & Pinsky, P.A. is Investigating
WaMu (WM) CDS Auction Prices at $0.57 on the Dollar
Investors Suffering Stock Market Losses as a Result of Holding Over-Concentrated Positions May Have Claims Against Their Brokers; The Law Firm of Stein, Rosenberg & Stein, P.A. is Investigating
Markel (MKL) Estimates Losses From Recent Hurricanes; Comments on Losses From Lehman and WaMu
WaMu Bank Noteholder Group Represented by Bracewell & Giuliani LLP Forms to Participate in the Receivership for Washington Mutual Bank and the Chapter 11 Proceedings for Washington Mutual, Inc.
More News related to WM
More News related to Equity Offerings
More News related to Equity Offerings
December 12, 2007 8:37 AM EST
Washington Mutual, Inc. (NYSE: WM) priced a public offering of 3,000,000 shares of 7.75% Series R Non-Cumulative Perpetual Convertible Preferred Stock with a liquidation preference of $1,000 per share, resulting in an aggregate liquidation preference of $3.0 billion.
The transaction was increased from its initial announced size of 2,500,000 shares
http://www.streetinsider.com/Equity+Offerings/Washington+Mutual+(WM)+Prices+3M+Convertible+Preferred+Share+Offering/3193052.html
http://newsroom.wamu.com/phoenix.zhtml?c=189529&p=irol-newsArticle_Print&ID=1086545&highlight=
WaMu Shutters Subprime Unit, Slashes Dividend
by: SA Editor Roy Mehta December 11, 2007 | about stocks: WM
SA Editor
Roy Mehta
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In a move to raise $3.7 billion, Washington Mutual (WM) announced Tuesday it will slash its dividend, cut its workforce, and sell preferred stock. America's largest savings and loan, WaMu has been hit hard by the residential mortgage crisis. It plans to exit the supbrime market completely and cut more than 3,000 jobs. The company's quarterly dividend will also drop to $0.15/share from $0.56/share.
CEO Kerry Killinger created a growth plan last year that relied heavily on loans to borrowers with tarnished credit histories, and now the company has the largest exposure to risky loans of the top five mortgage lenders. Killinger's leadership has come under question: "You just might say now's the time to take the golden parachute and walk away," said analyst Richard Bove of Punk Ziegel. The company will also take a $1.6 billion writedown related to home loan losses, and said it will suffer a loss in the fourth quarter. "Credit losses from WaMu's mortgage operations will be noticeably higher than previously estimated," and the bank's profitability will not "begin to recover" until 2010, Moody's said. The company also announced it will shutdown its broker-dealer unit. Shares of Washington Mutual were down 8.4% to $18.21 in early action Tuesday.
Sources: Bloomberg, Wall Street Journal
Additional Reading: Washington Mutual Is Headed Lower
Earnings call transcript: Washington Mutual Q3 2007
http://seekingalpha.com/article/56941-wamu-shutters-subprime-unit-slashes-dividend
NOT REALLY RELATED TO YOUR QUESTION BUT THE LAST SENTENCE
SAYS IT ALL! : ^ )
http://www.reuters.com/article/businessNews/idUSTRE4A66SY20081107
Reasons PREFERREDS are BETTER than commons (in general)
It doesn't really matter what company you have preferred shares of. Best of the BEST PREFERREDS all SHARE the following characteristics:
SET LIQUIDATION VALUE
PREFERENCE OVER COMMONS
DIVIDENDS (if and WHEN ACCRUED)
If anyone has additional input as to the
BENEFITS of PREFERREDS in CONTRAST to commons
FEEL FREE
I haven't EXAMINED it yet, but I can tell you with
ABSOLUTE CERTAINTY that there is NEW ACTION
on SHORT and LONG OPTIONS!
The reason people are PLAYING, is because..........
THE GAME IS ON!
I don't think a BUYOUT is in play either.
Either Dimon IS announcing a BUYOUT or he is telling them that most of them are gonna be TOAST.
If it is the latter, then LET THE GAMES BEGIN!
Prof, you don't have to "think" that WMI has enough assets to get out of CH 11!
They have WAY MORE ASSETS THAN DEBT PERIOD!
I don't know what is with some people.
It's like EASTER.
climberprof, if you asked me when EASTER is this year, I would politely respond that EASTER is ALWAYS the
1st SUNDAY after the 1st FULL MOON after the VERNAL EQUINOX
You would probably question me about the validity, reliability, and truth of my statement, but what you think in such a hypothetical situation is irrelevant, because
FACTS are FACTS, and what one thinks about them doesn't change the FACT that the FACTS are and will continue to be FACTS.
Learn how to do REAL RESEARCH so you don't have to make statements like:
But I still think that WMI has enough assets to get out of BK in very long run, 6 to 12 months (just a guess).
No disrespect man, but come on, let's get with the PROGRAM
Those are all very good signs.
However, you have to ask yourself if you really think
WASHINGTON MUTUAL would sell.
If you were WASHINGTON MUTUAL, would you sell to JPM after the sh#t they just pulled?
Would you give up everything you have, which also means an already established operational foundation that is currently generating revenue?
Would you give up the OPPORTUNITY to EMERGE from chapter 11 WELL CAPITALIZED just as you entered it ?
Would you give up the ability to SUE JPM/FDIC?
Thanks for the ANALYSIS : ^ )
As ALWAYS, the WAMKQ chart is a thing of BEAUTY!
I know we've been over this, but this is the ONE to have.
Anyone who still doesn't see the TRUE VALUE of these shares is and forever will be HOPELESS!
At this point, the only true resistance is the MMs.
Just have FAITH and ENJOY yourself while this plays out!
HAPPY THANKSGIVING!
He had PLENTY of OPPORTUNITIES to do the RIGHT THING,
and FAILED to do so on all ACCOUNTS!
Demon is a GREAT LABEL!
HAPPY THANKSGIVING!
If this continues trading as is, it is possible because of the excellent dividend payments coupled with the fact that such dividends could extend indefinitely due to the verbage in the prospectus that indicates these could be called on or after January 2011 but WASHINGTON MUTAL does not have to call them until they want to.
It all depends on if they would rather just pay the $25/share + dividends acrrued and be done with this LOT of K-series preferreds, or if they would rather simply continue to pay out the dividends so that they do not have to pay FULL LIQUIDATION VALUE + DIVIDENDS for all shares all at once.
HAPPY THANKSGIVING!
INCREASED AWARENESS OF THE TRUE VALUE OF ALL OF THESE
The MMs really are MORONS.
People get excited and sell after BIG MOVES
and
They get scared and sell after BIG DROPS
They can totally help themselves by employing the same methods that are currenlty in place, but coupling them with much BIGGER GAPS.
This is what is on the horizon.....................
This stock is the BEST.
It WILL get PAID.
There is no option of conversion.
If it continues to trade, fine w/me because it will shoot straight up and never come back down. Also, if it is not liquidated and continues to trade as is, the result is
HUGE DIVIDEND REWARDS to those who are "lucky" enough to be
holding. i will gladly hold until atleast 2011 if that
is what is decided.
BUYOUT = IMMEDIATE WIN
LONG CH 11 + EXPOSING WRONGDOERS + EMERGENCE FROM CH 11 W/STRENGTH = REAL WIN
WAMKQ HOLDERS = WINNERS
: ^ )
If you know what to look at, where to find it, and what it
REALLY means, then it is easy to see the REALITY that if
you're in YOU WIN!
There's no way WM can continue to operate without having a
respected TRUST that investors can continue to rely on, and
no such TRUST would exist if WM ignored the rights of
current shareholders, be them written or unwritten.
Leaving the SHAREHOLDERS out to dry was never an OPTION.
A LOT of people think I'm crazy, but it doesn't matter.
All I know is that I am glad I'm in as big as I can be and that I didn't let this opportunity slip away.
No matter how this falls into place, we are golden. Got in at pennies on the dollar and there is no way they are going back down.
I am not a pumper, barely made 20k last year, quadrupled my money in the last month, and now I'm watching and I'm smiling. I have been annoyingly hovering over the G site, posting annoyingly, repetitive, positive messages, but it was necessary.
HAPPY TURKEY DAY and MERRY F IN' CHRISTMAS!
: ^ )
That really is a GREAT POST.
These are supposed to be DISCUSSION BOARDS, however,
everybody just sits back ( which is fine for a while) and when they participate, many simply say whatever it is their buddy that they talk to "privately" says because those kinds of people ALWAYS seem to agree on EVERYTHING.
You are exactly right. The price didn't go up because of this, and it probably went down because of this. blah blah blah blah blah
The price isn't going up as fast as you'd like because all of you morons put in bids that are under the MMs asks.
Take some for the team and move that $h!t up buy using
PURCHASE POWER, which is MORE EFFECTIVE than simply locking all your shares in at high sell prices (which does in theory work, and definitely sends a message). Don't be afraid to BUY HIGH as this will obviously reduce the resistance. The MMs won't be able to and won't want to keep the price down once huge SALES start poppin' off.
It doesn't get any better than this and it is just too bad that a LOT of people here don't join in the excitement. They are apparently more concerned with waiting for "NEWS"
New is in: WASHINGTON MUTUAL continues to operate as we speak!
HAPPY THANKSGIVING!
I am pretty sure that even though there is
A general ledger, that does not mean that this can be
in 1 place as that would be VERY DANGEROUS if one
ever lost control of such a ledger.
I can GUARANTEE that WASHINGTON MUTUAL has BIGTIME CONTROLS
in place in order to protect itself from events similar to
what has recently transpired.
BOTTOM LINE = CONTINUED OPERATIONS (operations are continuing as we speak and the JUDGE is not going to jeopardize the health of any company be they owned by
WASHINGTON MUTUAL or not)
Please see my message I just posted.
HAPPY THANKSGIVING!
YOU HAVE VERY WISE THOUGHTS MY FRIEND.
Here are mine.
HUGE GAPPPER IN THE NOT SO FAR OFF DISTANCE WORTH A LOOK
EVIL:
http://files.shareholder.com/downloads/ONE/313502289x5031129x236804/fdfbcdf5-0281-4643-ab73-9df920148b1c/337066.pdf
GOOD GUYS:
They knew what was coming with RESPECT to the unintended consequences of subprime lending, and did WAY more than anybody else did. They raised their OWN capital through issuances of PREFERRED shares as a way to ABSORB the losses they knew were on the way. They did so with the help of TRUSTED investors and did NOT ever ask for or get offered a BAILOUT (which is weird because everybody else sure seems to have access to all the ching they desire).
http://finapps.forbes.com/finapps/jsp/finance/compinfo/secfilings/SECFilingsSummary.jsp?cn=WASHINGTON+MUTUAL+INC&tkr=WM&secn=0000950134-07-025159&frm=8-K
WASHINGTON MUTUAL IS NOT GOING TO LEAVE ITS INVESTORS HANGING
https://www.techagreements.com/agreement-preview.aspx?num=628198&title=Washington%20Mutual%20-%20Securities%20Purchase%20Agreement
WASHINGTON MUTUAL KNOWS exactly what they have, where it is, how long it has been there, and so on and so forth.
http://pro.edgar-online.com/
REALITY:
JPM thought they had Christmas EARLY back IN when WM’s WaMu banks were “seized” for no good reason. Guess what JPM, not so f#ckin’ fast. Bottom line is that it takes a LONG time for any company or TEAM to really KNOW the business. The REALITY of the situation is that JPM and FDIC are shitting in their pants right now. Paulson, that evil bas+@rd, is about 1 more SMOKE away from a coronary, and that’s only if his HEART doesn’t explode from a MAJOR ANXIETY attack. The sh|+ is going down as we speak, and EVEN when we SLEEP. Whatever people think they know…They don’t know $#!+ It’s not their fault, but they simply don’t KNOW, and there is no way that they could. So to all of you who are still waiting for BIG NEWS , This just in:
WASHINGTON MUTUAL ISN’T GOING ANYWHERE, THEY ARE OPERATING AS WE SPEAK , THEY WILL CONTINUE TO OPERATE AS A GOING CONCERN JUST LIKE ALWAYS, AND THEY KNOW EXACTLY WHAT THEY HAVE. WHAT THEY HAVE IS EXACTLY WHAT THEY HAD BEFORE THEIR WAMU BANKS WERE STOLEN. THEY HAVE CASH AND TONS OF ASSETS ( MORE THAN YOU THINK AND MORE THAN JPM THINKS THEY HAVE) AND THEY COULD FART AND HAVE ENOUGH TO PAY OFF THE PREFERREDS. THEIR SUBSIDIARIES ARE NOT PAWN SHOPS. WASHINGTON MUTUAL IS THE REAL DEAL AND THEY ALWAYS HAVE BEEN.
The NEWS is in and hopefully ALL of you still are too!
Sometimes it is good for people to hear the same things REPEATEDly because all it takes is 1 TIME
For it to MAKE SENSE.
HAPPY THANKSGIVING TO EVERYBODY ! THERE TRULY IS A LOT TO BE THANKFUL FOR. I AM BLESSED TO HAVE A STRONG SUPPORT SYSTEM IN MY FAMILY AND REALIZE THAT NOT EVERYBODY HAS THAT. HOWEVER, I AM ALSO HOLDIN’ GOLDEN TICKETS IN THE FORM OF WAMU, WAMKQ, AND WAMPQ, AND THAT IS SOMETHING THAT JUST ABOUT EVERYBODY HAD THE OPPORTUNITY TO DO AND COULD AFFORD TO DO. IF YOU DOUBTED THAT WASHINGTON MUTUAL WOULD MAKE THINGS RIGHT, OR IF YOU LOST FAITH OR TRUST, OR ARE A SHORTER,
THEN SCREW YOU!!!!! I HOPE THE SHORTERS DON’T GET GIVEN A BREAK AND EXPERIENCE ALL RELATED CONSEQUENCES!
HOPEFULLY EVERYBODY IS STILL HOLDIN’ BECAUSE IF YOU ARE,
YOU WIN!
HUGE GAPPPER IN THE NOT SO FAR OFF DISTANCE WORTH A LOOK
EVIL:
http://files.shareholder.com/downloads/ONE/313502289x5031129x236804/fdfbcdf5-0281-4643-ab73-9df920148b1c/337066.pdf
GOOD GUYS:
They knew what was coming with RESPECT to the unintended consequences of subprime lending, and did WAY more than anybody else did. They raised their OWN capital through issuances of PREFERRED shares as a way to ABSORB the losses they knew were on the way. They did so with the help of TRUSTED investors and did NOT ever ask for or get offered a BAILOUT (which is weird because everybody else sure seems to have access to all the ching they desire).
http://finapps.forbes.com/finapps/jsp/finance/compinfo/secfilings/SECFilingsSummary.jsp?cn=WASHINGTON+MUTUAL+INC&tkr=WM&secn=0000950134-07-025159&frm=8-K
WASHINGTON MUTUAL IS NOT GOING TO LEAVE ITS INVESTORS HANGING
https://www.techagreements.com/agreement-preview.aspx?num=628198&title=Washington%20Mutual%20-%20Securities%20Purchase%20Agreement
WASHINGTON MUTUAL KNOWS exactly what they have, where it is, how long it has been there, and so on and so forth.
http://pro.edgar-online.com/
REALITY:
JPM thought they had Christmas EARLY back IN when WM’s WaMu banks were “seized” for no good reason. Guess what JPM, not so f#ckin’ fast. Bottom line is that it takes a LONG time for any company or TEAM to really KNOW the business. The REALITY of the situation is that JPM and FDIC are shitting in their pants right now. Paulson, that evil bas+@rd, is about 1 more SMOKE away from a coronary, and that’s only if his HEART doesn’t explode from a MAJOR ANXIETY attack. The sh|+ is going down as we speak, and EVEN when we SLEEP. Whatever people think they know…They don’t know $#!+ It’s not their fault, but they simply don’t KNOW, and there is no way that they could. So to all of you who are still waiting for BIG NEWS , This just in:
WASHINGTON MUTUAL ISN’T GOING ANYWHERE, THEY ARE OPERATING AS WE SPEAK , THEY WILL CONTINUE TO OPERATE AS A GOING CONCERN JUST LIKE ALWAYS, AND THEY KNOW EXACTLY WHAT THEY HAVE. WHAT THEY HAVE IS EXACTLY WHAT THEY HAD BEFORE THEIR WAMU BANKS WERE STOLEN. THEY HAVE CASH AND TONS OF ASSETS ( MORE THAN YOU THINK AND MORE THAN JPM THINKS THEY HAVE) AND THEY COULD FART AND HAVE ENOUGH TO PAY OFF THE PREFERREDS. THEIR SUBSIDIARIES ARE NOT PAWN SHOPS. WASHINGTON MUTUAL IS THE REAL DEAL AND THEY ALWAYS HAVE BEEN.
The NEWS is in and hopefully ALL of you still are too!
Sometimes it is good for people to hear the same things REPEATEDly because all it takes is 1 TIME
For it to MAKE SENSE.
HAPPY THANKSGIVING TO EVERYBODY ! THERE TRULY IS A LOT TO BE THANKFUL FOR. I AM BLESSED TO HAVE A STRONG SUPPORT SYSTEM IN MY FAMILY AND REALIZE THAT NOT EVERYBODY HAS THAT. HOWEVER, I AM ALSO HOLDIN’ GOLDEN TICKETS IN THE FORM OF WAMU, WAMKQ, AND WAMPQ, AND THAT IS SOMETHING THAT JUST ABOUT EVERYBODY HAD THE OPPORTUNITY TO DO AND COULD AFFORD TO DO. IF YOU DOUBTED THAT WASHINGTON MUTUAL WOULD MAKE THINGS RIGHT, OR IF YOU LOST FAITH OR TRUST, OR ARE A SHORTER,
THEN SCREW YOU!!!!! I HOPE THE SHORTERS DON’T GET GIVEN A BREAK AND EXPERIENCE ALL RELATED CONSEQUENCES!
HOPEFULLY EVERYBODY IS STILL HOLDIN’ BECAUSE IF YOU ARE,
YOU WIN!
HUGE GAPPPER IN THE NOT SO FAR OFF DISTANCE WORTH A LOOK
EVIL:
http://files.shareholder.com/downloads/ONE/313502289x5031129x236804/fdfbcdf5-0281-4643-ab73-9df920148b1c/337066.pdf
GOOD GUYS:
They knew what was coming with RESPECT to the unintended consequences of subprime lending, and did WAY more than anybody else did. They raised their OWN capital through issuances of PREFERRED shares as a way to ABSORB the losses they knew were on the way. They did so with the help of TRUSTED investors and did NOT ever ask for or get offered a BAILOUT (which is weird because everybody else sure seems to have access to all the ching they desire).
http://finapps.forbes.com/finapps/jsp/finance/compinfo/secfilings/SECFilingsSummary.jsp?cn=WASHINGTON+MUTUAL+INC&tkr=WM&secn=0000950134-07-025159&frm=8-K
WASHINGTON MUTUAL IS NOT GOING TO LEAVE ITS INVESTORS HANGING
https://www.techagreements.com/agreement-preview.aspx?num=628198&title=Washington%20Mutual%20-%20Securities%20Purchase%20Agreement
WASHINGTON MUTUAL KNOWS exactly what they have, where it is, how long it has been there, and so on and so forth.
http://pro.edgar-online.com/
REALITY:
JPM thought they had Christmas EARLY back IN when WM’s WaMu banks were “seized” for no good reason. Guess what JPM, not so f#ckin’ fast. Bottom line is that it takes a LONG time for any company or TEAM to really KNOW the business. The REALITY of the situation is that JPM and FDIC are shitting in their pants right now. Paulson, that evil bas+@rd, is about 1 more SMOKE away from a coronary, and that’s only if his HEART doesn’t explode from a MAJOR ANXIETY attack. The sh|+ is going down as we speak, and EVEN when we SLEEP. Whatever people think they know…They don’t know $#!+ It’s not their fault, but they simply don’t KNOW, and there is no way that they could. So to all of you who are still waiting for BIG NEWS , This just in:
WASHINGTON MUTUAL ISN’T GOING ANYWHERE, THEY ARE OPERATING AS WE SPEAK , THEY WILL CONTINUE TO OPERATE AS A GOING CONCERN JUST LIKE ALWAYS, AND THEY KNOW EXACTLY WHAT THEY HAVE. WHAT THEY HAVE IS EXACTLY WHAT THEY HAD BEFORE THEIR WAMU BANKS WERE STOLEN. THEY HAVE CASH AND TONS OF ASSETS ( MORE THAN YOU THINK AND MORE THAN JPM THINKS THEY HAVE) AND THEY COULD FART AND HAVE ENOUGH TO PAY OFF THE PREFERREDS. THEIR SUBSIDIARIES ARE NOT PAWN SHOPS. WASHINGTON MUTUAL IS THE REAL DEAL AND THEY ALWAYS HAVE BEEN.
The NEWS is in and hopefully ALL of you still are too!
Sometimes it is good for people to hear the same things REPEATEDly because all it takes is 1 TIME
For it to MAKE SENSE.
HAPPY THANKSGIVING TO EVERYBODY ! THERE TRULY IS A LOT TO BE THANKFUL FOR. I AM BLESSED TO HAVE A STRONG SUPPORT SYSTEM IN MY FAMILY AND REALIZE THAT NOT EVERYBODY HAS THAT. HOWEVER, I AM ALSO HOLDIN’ GOLDEN TICKETS IN THE FORM OF WAMU, WAMKQ, AND WAMPQ, AND THAT IS SOMETHING THAT JUST ABOUT EVERYBODY HAD THE OPPORTUNITY TO DO AND COULD AFFORD TO DO. IF YOU DOUBTED THAT WASHINGTON MUTUAL WOULD MAKE THINGS RIGHT, OR IF YOU LOST FAITH OR TRUST, OR ARE A SHORTER,
THEN SCREW YOU!!!!! I HOPE THE SHORTERS DON’T GET GIVEN A BREAK AND EXPERIENCE ALL RELATED CONSEQUENCES!
HOPEFULLY EVERYBODY IS STILL HOLDIN’ BECAUSE IF YOU ARE,
YOU WIN!
Hey Jerle. I was wondering if you could please check out my post from the WAMUQ board and would like to hear what you have to say about it. The WAMP is about to start its STOMP up the charts baby. Wooo hooooo.
Posted by: jackson227 Date: Wednesday, November 26, 2008 12:04:02 AM
In reply to: dnoto who wrote msg# 43584 Post # of 43668
Can somebody please check my math? These new holdings #s from http://www.mffais.com/wm.html
Are making me crazy. I keep taking the new holders total value and dividing that value by the total # of shares and keep coming up with $16.60 per share.
Now WTF are these people buying? New common stock??? Do you think that each current share is going to be assigned a value of 4.15 ? 8.30 ? 5 ? 10 ? and be part of an exchange for new stock/warrants, etc? Do you think the value of the new stock is going to be 16.60 or do you think it will be $20 and these “early investors” are getting a good deal, are these new buyers purchasing a new issuance of preferreds to raise immediate capital for WASHINGTON MUTAL so they can pay off SUE JPM without having to use any, or should I just contact WASHINGTON MUTUAL INVESTOR RELATIONS at : investors.wamu.com ?
I know I’m a crazy moron, but somebody please talk some sense into me. Thanks
Shaw D E And Co Inc
Institution 0.00 % 2008-11-24 160,952 $2,671,803 New Holding 160,952 100.00 % $0
Rochdale Investment Management Llc
Institution 5.72 % 2008-11-21 100,000 $1,660,000
Gamble Jones Morphy And Bent
Institution -0.44 % 2008-11-13 10,400 $172,640 New Holding 10,400 100.00 % $170,976
Artisan Partners Ltd Partnership
Institution -9.94 % 2008-11-13 372,800 $6,188,480
$16.60 ??????
Sounds like you got a GREAT plan and if you stick to it I think you will be happy no matter what happens.
If this is a BIG as I know it is, then we're RICH, and if it's not, atleast we WENT FOR IT.
These should be very interesting weeks and I am very much looking forward to watching this unfold.
You're right about not hittin all the his and lows, but as long as you're not a trader, it doesn't matter. I always buy a penny over the ask. It is stupid not to as long as the price isn't too low. I would rather put an order in and GET what I WANT without having to wait more than 20-30 seconds. If I want something I'd rather get it right away than try to chase the price up by .00whatever.
It's all about making what you consider to be a
WISE INVESTMENT and you picked the REAL DEAL in this one.
We WILL see what tomorrow brings!
Good Luck!
I don't think so man.
New investments, all for $16.60 / share ? Come on.
Think about it.
They are investing in them because the TRUST them and they know they are not going anywhere anytime too soon. These new investors are SMART and they can see this situation for what it really is. All shareholders should keep their TRUST in them as well because to think that WASHINGTON MUTUAL would leave their shareholders in the dust goes against everything that a relationship built on TRUST stands for.
I think a true analysis of info from
http://www.mffais.com/wm.html reveals that these new holders indeed are not purchasing the same stocks that you and I are, unless WMI is selling them stocks of WAMKQ at 16.60 that they had on hand, who knows, all I know is that the way it is is the way it is and there's not a damn thing you can do about it.
is just another example of those HIDDEN clues that tell you ALMOST everything you need to know.
Don't let the purchase of the new stock scare you because as I said,
WASHINGTON MUTUAL is NOT
going to screw their shareholders with their pants on.
Have TRUST and HOLD STRONG!
HAHAHAHAHA
You're screen on your computer is eventually going to explode because there won't be enough room for all those
0000000s
Maybe today was the start of the SURGE ( which apparently "worked" yet I did miss any announcement of a true declaration of war AND that of this supposed VICTORY (no I'm not talking about MISSION ACCOMPLISHED) that proves that the SURGE did work in you know where)
or maybe today was just a premature run. Bottom line is, it doesn't matter. Washington Mutual isn't going to stick it to anybody. They never have and they never will. They have assets, operations, experience, and tons of resources that all equate to more than a likelihood of success. They could pay off everything they owe tomorrow and still be fine, but they don't have to and they're not going to. They are doing the same thing they've always done which is to get it done.
Have a good night!
Good luck finding that out for sure.
It could have been them, but I feel that those purchases under JPMs name very well could have been placed on behalf of somebody else.
Don't you thing JPM does its investing through someone like GS for BIG BUYS ?
You should be smilin' brother : ^ )
SOMETHING IS GOING DOWN and ANYBODY WHO WANTS IN HAS HAD PLENTY OF TIME TO MAKE IT HAPPEN!
Thaks for the post. I just set up my ETRADE account a little over a month ago and qualified for FREE POWER ETRADE PRO, that has some pretty sweet options available and it has been a pleasure watching these stocks get worked. People would have been paying more if they had to, but they haven't had to lately. That is about to CHANGE. The doors are about to blow off this thing and I'm hanging on for dear LIFE.
EVERYONE should be about stacked up by now. I think the BUYING frenzy as of late was at least partially caused by a LOT of HUNGRY investors that were expecting the PPS to continue its downtrend , which did not happen. Now those GREEDY B#$T@Rds are getting special BEHIND THE SCENES
treatment getting to cover their shorts so they don't go BANKRUPT or KILLED. Crazy sh#t going on. I laid low long enough. I have been in contact with ETRADE on several occasions that first started via their online CS center, but eventually ended up talking to someone for over an hour about my interpretation of the situation and whether you believe me or not, they believed me because I effectively communicated the TRUE VALUE of these stocks and the events surrounding them. My summation was that they should control the price as much as they can because holder's are anxious and blah blah get 'em to chase drop it back down to scare blah blah blah, with the ultimate GOAL being to END UP WITH AS MANY OF THE PREFERREDS AS THEY CAN because they truly are like HOLDIN' GOLD . This is the REAL DEAL folks and there is no way anybody is getting left BEHIND that doesn't want to be.
Unless you need some quick cash, I would BUY BUY BUY BUY BUY and HOLD HOLD HOLD HOLD HOLD, because although a HUGE RISE in PPS is fun and looks pretty and sometimes wants to make you sell because it feels good, DON"T SELL and keep your asks set HIGH, because EVERYBODY IS controlling SUPPLY and DEMAND , thus indirectly affecting the price. If you are going to sell, sell to someone you know at say $10 for WAMPQ . WAMPQ is obviously worth WAYMORE than 10 bucks, but if everybody either worked around or with the MMs to get them trading at a more realistic level, then you are going to see people coming out of the woodwork to get these stocks.
This isn't going to happen, but I would totally be fine with the commons getting EVERYTHING and the PREFERREDS getting NOTHING.
That would be the total OPPOSITE of what is ' supposed" to happen. I think that would be
THE GREAT AMERICAN FEELGOOD STORY OF THE CENTURY, unless you were a "preferred" shareholder.
Don't worry preferreds, this OBVIOUSLY would NEVER happen, but all I'm sayin' is it would be pretty cool if it did.
I have about EVEN MONEY in WAMKQ and WAMPQ and also have 10,000 WAMUQ. I would be totally fine with losing everything that I DUMPED into my "preffered" shares and watching the "common person" finally get the LONG end of the stick. It really would be great to see. Like I said, obviously not going to happen, but if everybody spread themselves out, then EVERYBODY should be A OK after this all shakes out.
A little bit of o , and a whole LOT a YEAH BABY!
If one looks at the OPTIONS that are available, in conjuction with how CRAZY HUSH HUSH this whole situation is, one could reasonably argue that it is only a matter of time before trading gets HALTED
I think you'll see these stocks go through the roof, and if they go up like they should, the only thing that would be necessary with regards to symbols , is change it back to what it was before it hit the pinks.
The SHAREHOLDERS ARE THE SHAREHOLDERS and everybody is
HAPPY because they are.................
HOLDEN GOLDEN TICKETS !
If the pps does what it should based on the TRUE VALUE of the company, then once they get the go ahead to bust out of BK,
BACK ON THE BIGBOARD comes WASHINGTON MUTUAL. If this happens, these "new" SHAREHOLDERS would be the only ones for which "new" stock would have to be issued. All other shares are already well ACCOUNTED for and would, for the most part, be in the hands of WISE investors who had TRUST that they would do the right thing, in my opinion.
WASHINGTON MUTUAL SHOULDN'T EVEN BE IN BANKRUPTCY ANYWAY
Chapter 11 is designed to help companies restructure.
WASHINGTON MUTUAL knows what they have because they know what the HAD, and they know what was TAKEN from them.
Well your honor, here is a record of assets that are worth an amount that I like to call " a sh#tload", and this very record happens to be the same list that was formerly referred to as our TOTAL ASSETS minus the BANKS that FDIC and JPM stole from us.
WTF? SOMETHING IS GOING DOWN, GUARANF#CKINGTEED!!!!!
Anything is possible, but anyone who doesn't think WASHINGTON MUTUAL is a FORCE to be reckoned with is either a moron or a fool. IMO these stocks are the SH#T right now. It has been KILLING people to keep their mouths shut on this one.
I'd love to hear what other people have to say
I don't think so. I believe they TRULY are INVESTORS and
LONG TERM HOLDERS.
I cannot support that right now, but I don't think a company can just buy shares of stock that is trading at
5 cents, BUY a SH#T TON of stocks off the books at $16.60 a share in order to get a write-off. Plus, this stock isn't going anywhere but up and likely isn't to leave the otc markets anytime SOON. I hope I'm wrong, but if this is going to happen RIGHT, then sit down, kick back, and put your feet up because we are going to be here for a while.
I will see what I can get out of INVESTOR RELATIONS as if there is the availability to purchase what will be "new stock" which would be considerably higher priced than WAMUQ, not that WAMUQ shareholders are not going to be fine(because they ARE), but if such an investment opportunity in "new" stock in WASHINGTON MUTUAL, then such an opportunity truly is available and accessible to EVERYBODY, and not just the names you see at
http://www.mffais.com/wm.html
?