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Sorry. It was last year befor summer.. the last time the old pps hit $.20. May or June i think. BR mentioned something $ 25 for the new shares, but he didn't say anything about ratio!
GLTA
And you are right about that value. But the Judge can do nothing, no SJ etc... BR has locked this money into the GSA and its save there. No one can claim for it because GSA stops other/additional claims (JPM/FDIC). The question is, when will it come back and how. And NO it was not planned to give something back to equity.
GLTA
IMO "Equity is out of the money" was not only to us, it was directed to the court and those claimes of ~$50B. Hiding assets and money (GSA) is the way to drop this claims. i'm waiting till BK exit to see this things pop and the money comes back.
GLTA
Greetings from Germany
That would be a perfect timing for a squeeze. The whole financial sector in deep red.
well i'm still wishing some positive news on a pro equity por7.
GLTA
Greetings from Germany
Be sure to wear Flowers in your Hair.
LOL my first thoughts were Nate and WaMu after heard this song (San Francisco) this morning on radio.
Greetings from Germany
These were also my thoughts as i've heard that from rosen. The spread from zero to 8 bucks is to high. The hidden things will pop after BK exit. IMO
GLTY
Compare the PPS US last Friday 2:00pm with 4:00pm, then you will understand why Germany is red.
No reason to be concerned about.
GLTA this week
Maybe he will buy a ranch after this mess, if he is rich ;)
GLTA
S&G/EC missed not the IT issue. If they oppose POR6 or POR7 they have the chance again to depo the HF's.
Consequently, Rosen has the fear that the Team could also not agree to the new plan. a) because he lied "no wrongdoings" b) IT HF.. you know... Which will never allow by HF/JPM etc. etc.
AIMO
GLTA
So final run to $15 just startet. Uhh i meant 0.15 ;)
Have a nice weekend @ al
GLTA
We will see next Friday whether that is true. Crossing fingers.
GLTA
Recall the $0.167 flat 2 days before? Perhaps we can reach that back EOD
GLTA
Go WaMu
Thx. can we say i've won this bet?
ok who will bet again.. EOD 0.15+ ?
GLTA
Stage 2 has ignited this rocket rocks ;)
Fly baby
We're goooood ;) Now i push and you pull LOL
Go WaMu Tuuutuuuuu
please 3 2 1 breakthrough.
IMO HOD will .12+ > EOD ;)
GLTA
Someone L2 please ?
Go WaMu
I bet against. I say it will be $ 0.1299 after lunch ;)
GLTY
GLTA
Green, greener, WaMu.. soon!
AIMO
I agree with you. We passed the PONR on May 24.
On the same day the media were also made aware of the EC cooperation.
AIMO
GLTA
TY Catz, you explained the current situation very well.
The train is not moving without EC.
GLTY
GLTA
Greetings from Germany
Well and that's why in this WaMu-Movie the lambs will not be silent ;)
TY
GLTA
Catz you need not to reply. But fantasy is what Rosen has told after the first HF depo. "No wrong doings"
GLTA
Not invested and not interested. Shorting WaMu makes crazy.
GLTY
i know steel. That's why there is a hint in my post.
The last 2 Omnibuses were kinda confusing to me. Hope you know what i mean.
GLTY
I will sell my shares after all depositions has taken place. Oh wait Rosen already said "there were no wrong doings" of the HF !!!
i am confused
GLTA
We had already seen the asset list? Do we know what WMI is worth at the moment?
You're right we're waiting for POR V7. I'm just amazed that some so called "Longs" (not you) started to talk about WMI as it's worthless.
greetings from Germany
GLTA
Uz if your calc is right than the commons will see 1$ ;)
Read post #306015 from "sometimes right":
"JPMorgan paying Debtors in EXCESS of $6 billion for the Debtors’ assets"!
Also on Y Board:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_W/threadview?m=tm&bn=86316&tid=766068&mid=766068&tof=3&frt=2
GLTA
AIMO
WaMu still working on revised reorganization plan - CNBC
WILMINGTON, Del. - A Delaware bankruptcy judge on Wednesday agree to give Washington Mutual Inc. more time to try to nail down an agreement that would resolve shareholders' long-standing objections to the bank holding company's proposed reorganization plan.
Judge Mary Walrath postponed a scheduled June 29 hearing to begin considering the company's existing reorganization plan so it can continue working to finalize a revised plan that would satisfy shareholders. The new hearing date is July 5.
"I am pleased to report that all of the parties have been diligently working toward getting this documented," said WaMu attorney Brian Rosen, who noted that agreeing on a new plan was taking longer than anticipated.
"We think a little bit longer is necessary to see if we can reach closure," he said.
Blah blah blah blah.. read the rest here.
http://www.cnbc.com/id/43332403
GLTA
A lot of new Docs on Kcclc.net
e.g. Solomon billing
No, it symbolizes the character of BR the last 2 1/2 years! Hummm or maybe his whole life ;)
Nice said.. but we're down at the moment and now comes up! Right?
ok than 926 this stock is worthless please leave and don't waste your time.
Ciao
IMO we will never see what was planned by JPM/FDIC/Rosen/Debtor. Today it was still trying and next week it means we have managed "The Deal" and no one will talk about the worthless thing.
But i believe behind the scene S&G/EC/Nate with all their objections/allegations made a huge riot, that the evil has heard the angry scream. LOL
Last but not least:
For me it is ok that "$20/share is not happening" that's far better than "you kidding? you meant cents?"
Well AIMHO
kind regards
PS: TY Ilene ;)
Good Luck today for everyone.
@ UZ what means BRPoS? i searched on google and found that:
http://www.google.com/finance?q=LON:POS
http://www.google.com/finance?q=NYSE:BR
and maybe a good one for today
http://www.google.com/finance?q=NYSE:POR
am i right or did i missed something ;)
Go WaMu
Go S&G/EC
Go home BR
We will see ;) Maybe tomorrow.
Someone said:
No doubt she understands the law (respectful), but I think nelson is right with the $32+B. And he is more involved. No one should make predictions at this time.
We all know nothing.
GLTA
Uz please help me.. I can not remember how many times she was right with her predictions!
GLTA
A little Info about the halts on OTC
SEC Halts Trading In 17 Stocks
http://online.wsj.com/article/BT-CO-20110607-710304.html
GLTA
Can we say June 8 for 2011 is that what March 12 was for 2010? I mean the importance, but i hope not the same outcome ;)
GLTA
greetings from Germany
PS: thumbs up for a dark green week!
I want to know: Was there ever a company after a BK exit with a lower PPS than 1$ for commons (@ same situation for equity)? Difficult to answer?
OK other question: would the court (THJMW) agree with a WaMu (NEWCO) share price @ e.g. 20 Cents w/o RS in POR7?
I'm sure S&G would not and EC also. Longs and especially Diamond-G would freak out ;)
GLTA
Greetings from Germany