susman WTF?

so i sent Steve Susman an email with some brief questions on the case and just asking his current involvement and other legal questions... i am all for everyone enjoying vacations but it is easy when he is paid no matter what and we are potentitally about to be wiped out to zero...i think this is a pretty important moment in our case. Glad to know we are in good hands..

"This is the first time since email was invented that I have ever been totally incommunicado. We are hiking the Milford Track in New Zealand and there is no signal. So until the end of the day on Thursday, the 28th, if you need help either contact my assistant in Houston, Patti, at 713.6537847, or if it involves a new case or legal question, call my partner Harry Susman at 713.653-7875."

so kramer recommends stocks for 2001...

he recommeds JPM and then goes on about the firt cheap price it paid to steal them.. WTF.. how is this now become a joke? they need some justice and prove these crooks they cannot get away with anything they want..


JPMorgan Chase(JPM_): The dividend's going to be boosted, the buyback enlarged, the earnings power revealed, the shroud gone. JPM's still the best-run bank in America, if not the world and CEO Jamie Dimon is one of our greatest bankers. The company really did come through this period relatively unscathed and with a better branch network, courtesy the dirt cheap price of Washington Mutual. This company's stock has done nothing, literally nothing, year over year. Unchanged! That won't be the case in 2011. I see it going to $50 propelled by earnings power and the dividend hikes. It will be the preeminent financial to own and become a staple of many a mutual fund's portfolio. Call it $50.

this guy is getting grilled hard.. he keeps forgetting teh question on purpose to buy some more time.


Hammer It Down....

Settle big and we go away..

preferreds ned to be paid in full before commons can see a dime. So you need to put that into your equation.

if you are thinking pref are going to get 25% of fv then commons will be out of money entirely and wiped out.

gl....

i own a lot of preferreds and a few commons just in case SS and hoch hit the home run.. at this point i am hoping they get a double.

The fact that MONK with his huge following has not said anything or issued any kind of statement about the events of eigh and his other plays speaks volumes to his involement in this scam.

there is no reason he should be sealed from speaking.

i bet a ton monk does not show up and has disappeared with 1500 x 120 people.....

if he does show up do you think he will have his own security force .......maybe he can create a story on how he did not scam people.

are u serious? LOL
there is no 40 million. this company probably makes less then 100k a year.

This whole thing was played out by professional scammers. they made this increase big with the offer of a divdend. created a restricted holding period so they could unload millions of shares to neive rookies and then declared no dividend once they unloaded.

Monk and his team probably made a coupld million off idiots who were buying thinking they were getting a big dividend.

i am sure monk and his whole team knew about this for at least a week and sold millions of shares over the last week.

he also had over 120 people send him 1500 for a seminar. Do you think he has the balls to show up to that seminar?
Wow cant imagine...

glad i never increased my posisiton from .06 long ago.

does Monk have security for his next seminar?

there is no dividend being paid. this was a scam orchestrated by monk and the ceo. they created a dividend fake to increase the price per share and tell people they needed to hold. during this time frame and the offer of a dividend it kept the share price high enough for Williams, keller and others to dump a large number of shares on the market without the price dropping.

I think many should gather all the facts of this together and along with me alert the SEC to conduct an investigation. i guaratee williams and other key figures made a ton of money off this along with other float lock downs.
he uses these seminars as his cover but behind the scenes i am sure he has scammed a lot of people out of a lot of money.,

anyone stupid enough to think this company is legit or every had any intention to pay a dividend has no chance in investing.
kuwl- this is not directed at you personally.you have to be smart enough to see this is a scam. or atleast i thought so.

the bid is .34 and the ask is .36 and they close it at .335 or something like that on 100 shares.. LOL

is it 100% fact that commons cannot see anything unless Preferreds are paid in full?

Can they offer a settlement amount dollar figure and then the estate determine how the funds are to be distributed?

I am a newbie in all of this bankruptcy stuff...

great letter. everyone needs to do there part and get involved. write your congressmen and ask for answers,. they represent you and its there job to get answers in cases like this. JPM cannot get away with this theft. there stock price is soaring and now they are going to increase there dividend. Where do people think all this increase is coming from?? The WAMU assets are certainly a positive on the equation and they did not pay for them.

I am not sure how this will all play out but the more people who write the congressmen the harder it will be for JPM to just push this all under the rug.

the shares have been drastically dilluted/ there are way more then 20 m flaot.
has anyone spoke with or got in touch with Deros lately.

the transfer agent can verify how many outstanding shares there are.
Transfer Agent's number: 732-872-2727

someone needs to get in touch with deros and get some news out.

i think the lawyers need to team and create some deals with FDIC to make JPM pay up. I mean they got this for nothing and are going to make a ton of money on the assets for years to come. It would not drastically hurt there stock price if they increased there purchase price by 35-40b. The FDIC does not have the money to make this problem go away but JPM does. Pay up and move on. Everyone will be better off. No reason to pay million more to lawyers who are not going to do anything but feed themselves.....

i dont know how much the attorneys on the EC read this or other boards but is do you think they have a copy of this file. I am sure they know most of this but this is very well put together......

i think some of it was the EC lawyer did not list wamuq as pink sheets so it was not released as news for wamuq. he listed it for wamu so it would not automatically be submitted as news for wamuq on yahoo. hope thats makes sense.

everything i read is that the deal depends on the bondholders approval. It does not mention anything at all about EC approval. I am beginning to think that we have no vote in this. We can appeal all we want but the judge can overturn our appeal. it would seem real strange for Equity to get nothing after all the fight for an EC committe.

I am not sure why teh EC lawyers cannot send an official press release in regards to there stance on this issue. that does not seem to much.

If this does not turn out good. Please put me on the list for a shareholder civil suit against the lawyers, wamu,JPM and FDIC.

I am seriously hoping the equity committe and bondholders push hard to go to trial. i think that is the highest percetage of return and most likley positive outcome. i dont care if this takes 3 years.

Justice needs to be served./

Dont get confused here.

I am happy with the result of today and am long and strong with Wamuq.

This is all stating they are feeling momentum in talks over the 4b cash refund from Sj. this does not mean at all they are progressing on with the major lawsuits. the 4b is a big deal but not going to get commons paid probably at all. it will bring assets closer to liabilites. everyone is hopefuly that this ruling will then trigger the ongoing settlement talks to go further but no one knows for sure..

All just my opinion but people are throwing around settlement too loosely here. They are very different and both have huge differences in the outcome.

great post.
Can you let me know where the following lawsuits are taking place?

Against JPM and FDIC

Where can i find information on the current status of these suits and what exactly the claims and counterclaims are?

thanks so much for all your work.

for soem odd reason i only get one post a day. i sent many letters to congressment and senators asking them to look into this case and get some real answers. Hopefully the more answers the better. I finally got a non generic response.

I encourage all of you to take some time and write people. The more exposure the better.
I am hoping justice will prevail in this case but that will take some work on everyones behalf to gain more exposure to what happened.




Thank you for contacting me. I appreciate hearing from you.


I regret to learn of the difficulty you have experienced as a result of the acquisition of Washington Mutual, Inc by JP Morgan Chase Bank. This acquisition excluded any claims by equity, subordinated, and senior unsecured debt holders. While I certainly understand your frustration with the failure of this financial institution, this matter falls under the jurisdiction of the Federal Deposit Insurance Corporation (FDIC), which facilitated the transaction along with the Office of Thrift Supervision (OTS).


Accordingly, I have contacted the FDIC on your behalf and asked that they review your letter. I have requested that they respond to you in writing and copy me on the reply.


As Nevada's senior senator and the Senate Majority Leader, I am committed to doing all I can to strengthen our nation's economy and protecting the interests of hardworking Nevadans. I hope the information I have provided is helpful and I appreciate you sharing you concerns with me. As my colleagues and I work to stabilize our nation's financial system, I assure you that I will keep your thoughts in mind. I look forward to hearing from you in the future.


My best wishes to you.


Sincerely,
HARRY REID
United States Senator
Nevada

i cant listen. if there anyway you can provide a summary as the hearing goes on. thanks it is much appreciated. lets go legal crush them,,,

i dont see any scenario where the WMI lawyers drop teh claim against teh fdic. I mean they caused this and are probably due for the biggest damages.

on the other hand i read somewhere that banks participating in fdic guarantee program give up all rights and can be taken over at anytime. So if this is true then there is not much case against fdic at all.

i feel teh 4b is important cause then with teh 4b and 5.6b tax refund there is a reason for jpm to settle and assuem all this money.

do you know anything about the fdic's rights?

kristall can you summarize this once it is over? thanks for all your efforts.

no not at all. but many feel the stock will be halted sometime in the next year or so and re opened way higher. it is a speculative play but certainly worth a gamble once you do all your due dilligence. you an easily see the value. now we just need some justice and we will be sipping mai tias on a coasta rican beach.

500k shares is absolutley nothing. this is bareley investors at all. just a couple people trying to make a couple hunded. is it really worth trading stocks for a couple hundred. many are in this for the long haul and once the shares get in stronger hands with a 20m float and we get some good pr this is going to run and run big. if you want to make your couple hundred then get out. no one will mis you.

if anyone knows how to contact this writer i am sure it would be good time to get an article added on wamu. i mean this little bank is getting mention and there is no reason why WAMU cannot be included in this theft. the FDIC stepped in too early on many banks and now are going to pay big money.


http://finance.yahoo.com/news/Lawmakers-angry-over-bank-apf-2137910056.html?x=0&sec=topStories&pos=4&asset=&ccode=

http://www.dailyfinance.com/story/company-news/deep-dish-trouble-owner-of-pizzeria-uno-files-for-bankruptcy-pr/19325537/?icid=main|main|dl7|link5|http%3A%2F%2Fwww.dailyfinance.com%2Fstory%2Fcompany-news%2Fdeep-dish-trouble-owner-of-pizzeria-uno-files-for-bankruptcy-pr%2F19325537%2F

now if we could just get Mr. Deros to raise some money and buy Pizzaria uno out of bankruptcy and add them to teh donini brand we would take off.

someone get in touch with him.

i own 820,000 shares.

going to laugh at the people who are flipping for peanuts and will be left holding nothing when this puppy runs. expect a great 1st quarter with a couple positive pr's and announcements.

wild imagination i guess. no way the uq's see a penny if the Pq and Kq do not receive money. preferrerds are price fixed for a reason and receive preferred treatment even in a bk case.
i would recommend getting some kq or pq to add in with you uq's cause there is still a chance commons will not get anything and this will hedge some of your losses.. of course there is still a chance no equity will get anything but i am betting big against that.

gl go wamu

without it no one is fighting on your behalf and you own worthless shares.

wampq and wamuq are two completely different stocks. one is preferred and the other is common. trust me your .12 cent stock will never reach 100.00

the fact that they are fighting against an equity comm is clear evidence that you would be lucky to get 2-4 for this stock. $24 is plain dreaming and no where close to reality.

can someone summarize what was said in court and where everything stands now?

i think he refers to getting out of bankruptcy. a q is the symbold for a bk company.

possibly but i could not even begin to imagine the damages that would be awarded from what transpired. Billions in damages.

i would not suspect any incre4ase to be honest. yea this is great but very hard to prove and something like this could be tied up in courts for years.

thanks Kuwl. appreciate the DD.
lets get this thing headed green and in good hands and then 2010 lets crush it.

i guess i am still wondering DNNC motive for merging with a used car company and vise versa what a used car companies motive for merging with a pizza company. This whole thing does not make sense and usually when you do something that makes no sense you clarify it for investors. Mr. Deros never announced additional franchises or bottling of sauce in a Pr that was hear say from some of the posters here. I would love a PR that clairfies the next 6 months plan or year plan and where they see the company heading.

The only explanation i came up with for this merger is that these two are close friends and they felt that together they could access more credit to grow each of there companies respectfully.