Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'll show you my under seal and raise you two Walrath's plus a Susman.
You are absolutely correct with your assessment. They are not any better than the animals in the wild. Money weasels that is all. The biggest difference is their arrogance which will motivate them to go to trial unless their is a smoking loaded gun in the EC's objection.
I'm broke as well. They are and never will be satisfied.
The main reason why they got as far as they did in life is because they have zero morals and don't care about the well being of people. "It's just business." To think the "big boys" think otherwise is naive. We choose to live our lives differently. They made a different choice.
Happy 4th to one and all. Live long and prosper.
No, no, no... I know something that you don't that is well... yoooou know what I mean and since it IS under seal and you know that IF you found out by other means than cash in my bank account then well... I'll have to feed you to the alligators. Hehehe. Lol.
No. My Post is Under Seal! $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
BB50 you know everything wooow... here I thought "S" was going to happen on some full moon lit night at a time when you least expect it like December 21, 2012 for example.
That is the thing about arrogance... it's always about bragging rights.
Is that what you call airing out their dirty laundry??
Who knows what is rolling around in Walrath's head. It probably isn't good based upon her "fair and reasonable" baloney.
Until Walrath says no... And Rosen is still pushing it... It isn't done. Both Rosen and Walrath want this done ASAP!
Unless there is a "S" or POR7, don't be surprised if Rosen does what he said he was going to do and that was to continue to push POR6.
Unless Susman, TPS, or someone comes up with something so obviously blatant that forces Walrus do something because she has a gun pointed at her head(IT), she will approve POR6. Otherwise, an innuendo won't cause her to do anything no matter how much law we have on our side.
You and everyone else do NOT know what the settlement offer was from Rosenberry. So how can you say Willingham screwed things up for preferreds??? TPS must have their reasons for all of their actions. One being that the deal wasn't good for preferreds.
You have made it official...... EVERYONE has been warned over and over and over and over and over and over and over and over and over and over and over and over and over AGAIN that not all classes of equity have the same rights of protection!!!!! THAAAAAAAANK YOU!!!!!! {:~)
You are 125% correct. I appreciate your support. Yours is a voice of sanity in an insane situation. We need to think rationally and not emotionally in order to keep our heads about us. It is crunch time and calm rationality needs to prevail. {;~)
I agree with you fully. No argument from me. I also agree that I HOPE that commons get paid something as in cash or newco or whatever BUT not at the expense of preferreds because there is a reason why I invested in Ps and not Us. It is called the rule of law which I believe in otherwise we have anarchy which does no one any good whatsoever. This being one reason as well as the dividend.
The "spirit" of the law is that fuzzy grey area where judges and and lawyers get away with murder literally and figuratively and that goes both ways depending upon the lawyer and the judge. Laws should be black and white and no room for interpretation as to the way you like it or anyone else likes it. There is too much wiggle room which causes legislation from the bench which is most definitely wrong and there is definitely NO fairness in those cases.
I follow the rule of law and expect everyone else to do the same. It has nothing to do with fairness. I wish you no harm and actually wish you well. Hopefully, we all will fair well.
The priority rule has been and until they change the law will be recognized. Otherwise what is the point in having equity classes with different prices? Just because this may not be a normal bankruptcy case does not mean you change the law willy nilly just because YOU think it ought to be changed because you may own a particular stock like commons.
YOU wake up and remove your head from your private place and get some some fresh air. Just because SOMEONE ELSE STOLE THE BANK and GIFTED TO SOMEONE ELSE doesn't mean I should take a haircut because you own some commons. If you have a problem with their criminality then you go after them and put them in jail. Why should I pay for their criminality and your mistake of owning commons when I had nothing to do with it??? Talk about being fair... you are the one NOT being fair. Sooooo... YOU WAKE UP AND SMELL THE FAIRNESS YOU HYPOCRITE!!
What we know is that there are many reasons to own Ps and not Us. Not to stir up anything... why should Ps take a haircut for Us? We pay more for the product and therwfire should rwcueve more. It is similuar to purchasing a Porsche versus a Ugo. If Us want better or more rights then they should purchase Ps.
Yes. {;~]
Bluebird- You are absolutely correct. I thought I was crazy until I started to read his posts. A few fries short.
Ya and public officials who abuse power SHOULD be thrown in jail no ifs ands or butts. Just because you want to throw someone in jail because you "think" they abused power does not make it right. That is no better than the crooks getting away with a crime. Lynching your enemy because you think you were done harm is illegal and puts you in their same sewer. You are proposing anarchy and that doesn't work either. Nobody died and appointed you judge, jury, and executioner.
This is a nation of laws. You can't, theoretically, change laws as anyone pleases to satisfy another group otherwise you have anarchy. Yes, I made a decision to buy Ps because of these laws and the priority rule. Just because you or anyone else for that matter wants it changed midstream you can't without harming the original group. It is a major reason why I paid more for the stock before the bk. It is illegal and not right as well.
IF Ps get a haircut then what is the advantage of buying preferreds?? This would send a chilling effect in an economy that will be seeing a lot more BKs before there is a turn around.
You are just rehashing what we already know.... Darn little. This is NOT IMPORTANT NEWS. Just hash.
No kidding... we stiiill have a ways to go in this horse race.
You desbribed my sentiments very well. You must be psychic!
I am most definitely with you J. This polyanna BS makes me want to throw up. You can't trust anyone. Everyone has their price. As my favorite President said, "Trust but Verify!" Proof is in the pudding.
The fact that you said Obama would announce a settlement during a press conference tells me that he won't just like when BS Rosen sounded happy about the "settlement negotiations" tells me that there is some serious BS going on behind doors.
This is no reflection upon you. It is just the fact that you (or I could have)said it. What to expect is the unexpected and it hasn't been and/or usually isn't good... if you know what I mean. It is an upside down world especially in this BS BK case.
Now knowing this prepares me for all outcomes NOT this polyanna BS on how wonderful this, that, or the other person is or isn't. Everyone has their price. Mine is $1,000 per share. {;~)
We are during the last hours of Memorial Day Weekend and all the wonderful settlement predictions that something will be announced is all for not. We still have a long road to race yet. Just saying....
We are during the last hours of Memorial Day Weekend and all the wonderful settlement predictions that something will be announced is all for not. We still have a long road to race yet. Just saying....
Why are PQs listed at $.0001?
She has been correct more than most. Which isn't saying a great deal. Why? Because the rest of us have been wrong a great deal more than her and Don, and Gibson, and Uzual, and Catz and.... well you get the idea. When you don't have all of the details like all of us... then it is impossible, as outsiders, to make rational decisions. The great thing is that there are those like her and Don, and Gibson, and Uzual, and Catz and.... well you get the idea... so that we can make heads or tails out of this fiasco and Rosen's BS that lying $&*(@$)! Any situation like this requires many shining knights and not just one. The success and failure of this piece of work is dependent upon many and not the few.
Like the rest of us.
If they can get by with it then they will do it because it is the cheapest. If the EC let's them do it then MW and Susman screwed a large part of equity because of their own self interests. That won't be good and as you said what then is the point of owning preffered shares. None!
I thought he said that the EC was taking money out of his pocket?? [;~)