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Did anyone catch this today.
Posted earlier:
If you were watching the horsemen on L2, I saw a moment were NITE lost control of the bid and when it slipped, orders ran through and they showed a 250k block on their bid. Then immediately literally one second later popped back in front with a 5k block bid.
I see the games. I'll say it... Someone's short. That's why it didn't run.
May or may not be anything.. just saw in my email and look at who they are dealing with...
http://investor.shareholder.com/jpmorganchase/releasedetail.cfm?ReleaseID=589679
Can you even buy these anymore at stores or do you have to wait for a wizard to wander through a village near you?
haha. Go WAMU!!
Guess there is a backorder on magic markers... Ha.
I have to agree with the mods response on this one. They said it will be stickied once it is no longer on the news alert area. Seems fair and the other stickies are 2 and 2. 2 positive and 2 negative for BBDA. Don't get your posts removed and account restricted by posting off topic dude. IH is selectively strict on that...
Not wasting anymore comments after this as I have to ration them out.
IF you would just read my post, I didn't say there was a buzz about it. The quote you used against me doesn't suggest that. I was just saying that JLo has more of a fan base than the PCD's. More fan base = more exposure. The percentage of people that want to find out what this product is will probably be the same, but in relatively basic math you learn that equal percentages don't mean the same number of people. 10% of 100 is 10 and 10% of 10000 is 1000. (percentages pulled out of my butt) I'd rather have 10% of JLo's crowd than that of the PCD's.
Plus let's face it, this type of product is more suited towards the younger pop crowd than the NASCAR crowd.
People can take this one of two ways, good or bad. Your opinion is your own. Have I seen buzz about the product, no. Have you seen a public dislike in this product other than here on the board? Does it mean there will or won't be? WHO KNOWS!!!! Any exposure is good exposure.
Just don't pretend you're smarter than others just because you're negative about this.
Now go ahead and spin it...
Your statement is true as well. However, the PCD's didn't have near the following that JLo has. Not that I'm a fan. Just saying. Haha. Who knows... Just trying to keep some optimism on the board.
C
After lunch leg up forming.
IMO
We shall see...
Two years ago it wasn't in JLo's music video.
If I had to guess, we'll see .012 or .011 for covering and then it'll pop. My hunch. But who knows.
I think it's obvious that there is a significant short interest in this since the 800% run. Sounds like a shake to cover then up. IMO. Could be wrong. Not enough volume for much if any dilution.
MICA, NOBL, NITE, AND CSTI keeping it from running. The 4 horsemen.
Almost picture perfect consolidation. Plus everyone knows, dt's don't hold over weekends. EOD sell off was unavoidable, but we closed nice for the day....
Cheers
Well true, but you can't be a downer on the PJS delivery to TURDBR.
Got cake?
BOOM SHAKALAKA!!!!!!!! EOM
And as I have stated, this is how Susman gets PJS's numbers into court. We have a bingo!
Get ready for the check-mate BR you turd!
DDBR GFY
No I am surrounded by lefties, so if I say anything bad, it wouldn't be good for me. HA.
Yeah, she's a lefty. Nothing new.
And just WTF do you think Susman is doing right now? Jebus H Christina.
Order Granting Motion of The Official Committee of Equity Security Holders of Washington Mutual, Inc., et al. for Extension of Time to Object to the Modified Sixth Amended Plan (related document(s) 7952 ) Order Signed on 6/23/2011. (MDW) (Entered: 06/23/2011)
Fresh on pacer...
Very true.
On a side, "Coffee is for closers."
HA.
Well maybe, we'll see a payout here while the market tumbles and we can use the money made to buy some other stocks on the cheap.
(Me trying to be optimistic.) They may even write books about us.
Ha!
C
You made that phone call yet???
YAY!! EOM
Copy and pasted... No link yet
C
By Peg Brickley
Of DOW JONES DAILY BANKRUPTCY REVIEW
Aurelius Capital Management filed a formal objection to Washington Mutual
Inc.'s Chapter 11 plan Wednesday, signaling real trouble ahead for the holding
company behind the largest banking collapse in U.S. history.
The hedge fund says J.P. Morgan Chase & Co. (JPM) should have to pitch in
more to the settlement underpinning Washington Mutual's Chapter 11 plan, one
that quiets a series of disputes growing out of the collapse of Washington
Mutual Bank, or WaMu.
Washington Mutual, WaMu's former owner, tried to get out of bankruptcy
earlier this year, but failed due to defects in its Chapter 11 plan.
It's due to try again, this time without the backing of one Aurelius, of its
largest creditors and a former major ally, that is now raising questions about
the settlement with J.P. Morgan that forms the core of the Chapter 11 plan.
WaMu went under in September 2008 and was sold to J.P. Morgan for $1.8
billion. The sale triggered a flurry of lawsuits aimed at WaMu's new owner and
regulators that brokered the deal. Washington Mutual's proposed Chapter 11 plan
ends those lawsuits and allocates billions in cash between WaMu's new owner,
J.P. Morgan, and Washington Mutual, the thrift's former owner.
A spokeswoman for J.P. Morgan could not immediately be reached for comment on
Aurelius's argument that the deal underpinning Washington Mutual's Chapter 11
plan is no longer a good one for creditors and should be rejected.
Aurelius was one of four hedge funds that helped hammer out Washington
Mutual's Chapter 11 plan. After being accused, along with the others, of
engaging in insider trading to profit during the case, Aurelius and the other
hedge funds dropped out of the Chapter 11 settlement but did not openly
criticize it.
"The passage of time has rendered the amended global settlement agreement
with (J.P. Morgan) materially and unacceptably worse" for the company and its
creditors, attorneys for Aurelius wrote.
An attorney for Washington Mutual could not immediately be reached Wednesday
to comment on the filing by Aurelius.
Washington Mutual was bracing to do battle once again with shareholders, who
have been investigating the insider trading allegations involving the hedge
funds.
Aurelius and the others deny wrongdoing. The hedge fund laid out a detailed
defense against the accusations Wednesday, noting that it "received material
non-public information...only in limited circumstances while taking appropriate
precautions to avoid improper trading."
Wednesday's filing makes it clear that the company will also have to contend
with a major holder of senior debt, which is prepared to attack the central
deal in the Chapter 11 plan.
Judge Mary Walrath of the U.S. Bankruptcy Court in Wilmington, Del., found
the settlement was fair in January, when she rejected Washington Mutual's
Chapter 11 plan on other grounds.
According to Aurelius, the deal then is not the same as the deal now because
of the long delay in getting to confirmation. While bankruptcy costs mounted, a
creditor payday that was supposed to come in January has now been pushed to
July, the hedge fund said.
J.P. Morgan has paid only $20 million in interest on $4 billion in cash that
was in the parent company's accounts at WaMu when the thrift was seized,
Aurelius said in court papers.
Without the protection of the settlement, Washington Mutual would be entitled
to demand J.P. Morgan pay $1.36 billion in interest on the cash, Aurelius said.
The bank account cash was one of the major disputed items in Washington
Mutual's bankruptcy case, with the holding company and J.P. Morgan each
claiming rights to it.
The proposed settlement built into Washington Mutual's plan gives the cash to
Washington Mutual. J.P. Morgan gets a share of the more than $5 billion in tax
refunds generated by WaMu's failure, and other assets, as part of the deal.
(Dow Jones Daily Bankruptcy Review covers news about distressed companies and
those under bankruptcy protection.)
-By Peg Brickley, Dow Jones Daily Bankruptcy Review; 302-521-2266;
peg.brickley@dowjones.com
(END) Dow Jones Newswires
06-22-11 1714ET
Copyright (c) 2011 Dow Jones & Company, Inc.
17:14 062211
Officially green now...
Not to jinx it, but l2 is starting to move...
Submit PJS's numbers to the court. And ask the hedgies what they know about them...
And historically, most times it closes at HOD, the next day is usually good. We'll see if that trend continues. Maybe my flip will work out this time. Time will tell.
C
It is my thought that SG is positioning himself through deps and with the IT to present PJS' values to the court that will show willful neglect on the part of the debtors in collusion with JPM and possibly the FDIC. Right now we are just knocking out "money owed" to the hedgies. In chess you have to take out some of the pawns to get to the king. No?