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Wingnut
Great find Fish!!!! I think we have a very good chance of meeting the criteria.
Thanks Ace
We will definately see a gap down. POR canceling commons Will usher some to the door at least temporarily. I expect fast and furious support on a big bounce play. I hope to nab a few discounted shares. I'm sure that i'm not the only one so the window may close very quickly.
Ace
JHD this is a great post. He is correct now this will get more interesting for equity.
Ace
No, We are most likely going to be ltigating this for quite some time. The BOD have to go then maybe WMI will stop trying to shaft it's Shareholders. We the shareholders are represented by the EC. Only now will they be able to begin to fight. They have been preparing for now.
Ace
The EC will now and most importantly for the first time be able to intervene on equitys behalf. They have been preparing for this and are ready to go. This BS POR is not going to fly. This is far from over. Now it's our turn.
Ace
I believe you should start at the Ibox top left. Lots of great information is contained there.
Ace
Diamond, I believe you might enjoy this thought.
What would the consequences be as of now if WMI failed to file the POR....and how would that effect the positions of the FDIC and JPM in future litigations with parts of the proposed settlement terms used as leverage?
Ace
The Question about the POR requires some background knowledge or a lengthy post to explain.
Ace
Really Uzual!!! I guess their is a down side to being somebody people look up to. I have had a few PMs of this nature. Hard to explain rain to someone who has never seen water.
Ace
Rickszy, I agree 100%
Ace
The trading today is somewhat of a mystery. All evidence available suggests The POR Will not be kind to commons. If the POR
cancels commons you all know what will happen to the PPS. If/When THJMW Rejects the POR/settlement then we're back in business.
I still hold a small position in the UQs in case of a suprise. A POR putting commons in the money at this point would be a suprise! IMO we could have an oppurtunity to purchase UQs Sub .10 and be much better positioned for the next series of events. I believe the MMS are shorting all they can at this level and hope to cover with the POR filing
All IMHO GLTA ACE
Could be MMs short selling on hopes of a big drop tommorrow. Everyone wants to be on board when shes running up!
Ace
The EC gave us just what we needed. The good ol We got your back.
Props to the EC Much appreciated!!!!!!!!!
Ace
Today was really educating LOL I am fond of the saying you pay for your education. Today was no exception. IMO the EC will object. Onward we go.
Ace
RE EC filing With a new board of directors, sympathetic to WMI shareholders IMO they would have grounds and means to motion the judge to unwind the PA. They should have never been seized.
Probably the best for all if JPMC and The FDIC just Pay face value plus damages JMO
Ace
IF MMS Know Settlement is coming, They have very strong desire to be proud owners off many many cheap shares LOL
Ace
Uzual, i feel pretty good. I believe all the pieces are in place to at least take the next step. I appreciate your posts and incite. GLTU
Ace
Fish, As far as i know its on. The one on monday was indefinately cancelled. Mainly claims on the agenda.
Ace
Fish,I do believe you may have something their. A bash that turns in to a pump!! I like it.
Ace
Lots of people terrified for no reason. The UST said we need an EC immediately due to exigent circumstances. The Judge agrees and their is now an EC The DOJ is looking at this. Lots of references to communications between the US attorneys office and WMI counsel in billing. Lots of communications between PSI and WMI cuonsel. Market makers are short we know this. Miraculously we have a 50% pullback which frees up millions of shares at comparably low prices to the high (Just what they needed to cover) Now commons getting bashed to drive further down.
IMO settlement is very close. I believe they will have everything they needed after tommorrow. One more day to get the position they desire.
All IMHO Ace
Hardasset exactly, That is what i thought when FF was trading a lot higher than us.
Ace
The game is on. They don't just give you the money, you earn it!
Ace
I'm old i can't stay up that late maybe 3
Ace
ROI
Ace
MMs popped someones stop loss at.60 when it was trading .69
I feel bad for him
Ace
I didn't know it would open this high wow!!!!!!
The market is buying like their may be no tommorrow IMO
Ace
You are right this is the best thing that ever happened at 3:30AM
Since college at least LOL BTW covering short positions is getting reeeeeeeeally expensive ouch!!!!!!!!!
Ace
Frankfurt getting some heavy action early. Nice!!! I have no idea why i'm up to see it. Looks like another crazy day coming.
I am enjoying this!!!!!
Ace
The Ibox contains much of the information that will help you make an educated decision, start there
GLTU
Ace
JHD, LMAO
Thanks Fixedops, I will I'm enjoying our position right now. I do believe we have the high ground.
Ace
Imo Wamuq Charts are worthless now. We are in uncharted waters.
Buy pressure right up to the bell says it should gap tommorrow.
All IMHO
Ace
Fixedops, That Ibox is worth its weight in gold.
Ace
Their does seem to be a consistent supply. I always think, not this BS again. LOL
Ace
Do you have a current billing address or credit card # LOL
Ace
I don't know why they wanted it below .39 but, they wanted it bad!
Ace
MMs tactics seemed stretched to the point of becoming very obvious.
Ace
I agree they are working very hard to keep it down below .39 and the buys keep coming in at .39 LOL IMO they lose shortly, volume picking up
Ace