According to the original prospectus, the ratio of Ps to commons is 114:1, so, if a settlement comes down to this ratio it would appear that the Ps are overpriced (I'm not bashing), but what was the original ratio of Ks to commons? Any thoughts? I'm considering buying more but am unsure of which to buy. The security of the preferreds is nice, but does it make sense?

TIA

just curious, what could this stock be worth? Possibility for a merger??

Question for you silver gurus:

What is the BEST way to buy physical silver? Bar, 1 oz silver coins, or junk silver? And where?

Question regarding NOLs and Wimrick:

Are the NOLS going to new WMI/Wimrick?

Can someone explain how WMI/shareholders would benefit if the POR is approved after Jan. 1st rather than right now? Are there more NOLs available if approved in 2011?

TIA

exactly! the objection would, ideally, be a strong one. And the new POR would be strong with factual valuations, etc. That could put them in a corner, but I don't want to jynx it.

My guess for tomorrow:

Susman/EC object to the current POR AND release their own POR with Solomon's findings.

Susman/EC have until tomorrow 4pm EST to object to the POR. I sure hope that waiting until the last minute is in our best interests.

That would give WMI less time to respond.

It's bad enough that a non vote counts as acceptance of the plan and then to have to pay in order to vote is redic.

Scottrade: pay $25 to vote? has anyone else received this email from scottrade?

Were the results of today's hearing positive for equity?

the intraday chart of wamuq around 2:00 eastern. It dipped an entire cent and instantly shot back up, as it appears.

you're right, "major" was an overstatement. But there was a relatively sharp drop in the intraday chart for no apparent reason. Just looked peculiar like someone was unloading a lot of shares.

Does anyone know about the massive sell off around 2:00 pm today?

LOL! "your honor give them the WRATH of Walrath"

that would be ideal

I thought that Cross was the main guy, guess I was wrong. Rose has been putting in a ton of work for us!

Alan's letter was great, but what makes it different? Are the letters that we have been sending being treated the same way?

I'm trying to figure out why that letter in particular was added to the case documents.

Also, who added it? THJMW? The clerk?

Let me get this straight:

The judge has allowed the EC, but she hasn't signed the papers allowing the EC to intervene in the settlement talks?? Did it just slip her mind, or are these two separate issues??

Thanks.

i appreciate the input. I really do hope that Cross is the answer we've been looking for.

We need an EC attorney with balls, not someone who is going to get walked all over like Cross has the past two weeks. There is too much shareholder money at stake for him to be silent.

I agree, but when does the EC get to voice their concerns (or do they)?

Subject: EC Lack of Response

The Venable attorney was non vocal when he had the opportunity to speak up after the “settlement” at the request of the judge.

Question:
When is the EC allowed to present their facts, viewpoints, and settlement issues to the judge? If this is not allowed, will the Venable attorneys take this to a jury trial? We have the facts on the message boards, but when will light be shed on them?

We have NO communication with the EC, since we are not allowed, so we don’t know if they are doing their job. Are we presuming they are doing their job?

This isn’t bashing or pumping; just a serious question after long months of DD.

I am still puzzled why she wouldn't rule on 2/5. What is the benefit of waiting? IT just means that it is an extra month that the FDIC/JPM could bribe her.

"A share is a share is a share"...we've heard that and we all hope that this stays true regarding this case.

But it occurred to me this morning that there are two types of post-seizure holders:
--pre-EC holders
AND
--post-EC holders


The pre-EC holders, being either pre/post seizure, have taken the greatest risk among the 'vultures.' Does one deserve to be paid more in the event of a settlement?

These are just my thoughts regarding the two breeds of vultures.

Finally, is there a document that proves that wamu owns the $4B that THJMW will rule on next Thursday?

Nice analogy! It's our year! WHO DAT?!

How do we know for sure that the $4 Billion belongs to WAMU?

Is there a resource anyone can think of that would direct me to this?

can't figure out how to enter the guess. do you post the guess on their twitter?

can you elaborate on if you sold pre-seizure. i'm in that situation: how would I file against jpm/fdic? A class action?

March 4th and March 26th-ish.

As I understand it, March 4th we will be getting an answer regarding the $4B that the FDIC and WAMU are fighting for.

I am a little confused about March 26th. I've read some things about a reorganization. What exactly would that mean? I've heard that with a re-org the shareholders will be wiped out. Was this the last date for WMI to file for a re-org?

Any thoughts?

Can someone answer this for me...

Do I need to register my wamu holdings with the EC? I read something about this a few posts down. I own the Qs, the Ps, and the Ks.

Thanks in advance.