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Opened a small position in WAMKQ today at .31 and .30 to supplement my Ps. Didn't fill entirely, but better than nothing!
My email and response from David Sharp of KCC regarding Item #3.
That is Footnote #1 relating to Item #3. Notice the 1 next to Name of Holder in the table in Item #3.
Do you mean Item #3?
Wrong. The POR confirmation hearing will not occur until after solicitation.
This isn't a liquidation. It is a reorganization. Your "new value exception" could be used to say that retaining commons will lead to to the retention of the NOL benefits, so they are contributing something. Just playing devil's advocate here as I only own Ps.
A couple 1000+ trades went through and I'm not seeing your typical "15, 100, 50, 28, 200" retail trades.
This was corroborated by someone on GB as well.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69951097
Sargent actually said his clients are "very happy" with the new plan to be exact. :)
http://newsandinsight.thomsonreuters.com/New_York/News/2011/12_-_December/Vulture_funds_surrender_$30_mln_in_new_WaMu_reorganization_plan/
We're back in standard time. It's open and is up 55%.
http://www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=US9393221034
Not premarket. It's open.
My bad... Didn't see that...
You are forgetting TPS unfortunately...
Preferreds get 70% of the reorganized company. Commons get 30%. Proceeds from the litigation trust will also flow to the reorganized company.
"Be aware of Fankfurt will be open."
That is incorrect. Frankfurt opens at 2AM EST.
25 X 28.50 EOM
Seriously?
P short figure today at 64%. Care to restate?
Shares traded at the ask: 22,600
Shares traded at the bid: 8,300
Not MMs? Yeah right.
Without that last second paint, it would've closed at the HOD. Sell-off? I don't think so.
24.99 X 25.00 EOM
Spread tightening - 24.75 X 24.99
You're obviously not paying attention. A wall has been setup at the Ask by TEJS so that the price doesn't run.
Today's Volume:
At the ask: 18,558
At the bid: 6,689
There have been 3 times as many trades at the ask as there have been at the bid.
What was that about a selloff?
The buying volume for Ps has been way higher than Ks (money-wise). Nearly every trade has gone through at the Ask. TEJS has set up a never-ending wall.
It is what it is. Those will be your two choices if a DS comes out Monday and the POR confirmation process goes forward as is currently planned. If you want to sue for more, opt out of granting your release and receiving your distribution, whatever it may be.
If this comes out how we think it will, and equity gets a share of the reorganized company, you will have the option to either: a) opt in to grant your release to JPM/FDIC etc. and receive your share of the reorganized company or b) opt out, retain your rights to sue, and refuse any share of the reorganized company.
The amended agenda for the November 22nd hearing showed up on Pacer on November 21st at about 11:00AM EST, which was ~24 hours prior to the scheduled hearing start time.
My bad... The amended agenda came out on November 21st, ~24 hours prior to the hearing.
For the previous status update scheduled for November 22nd (Tuesday), an agenda came out on November 18th (Friday). The original agenda still had the mediator status update as going forward. The amended agenda, which showed that the mediator requested an extension, didn't come out on Pacer on until November 21st, ~24 hours before the scheduled start of the hearing.
Big trade just went through
14:30:29 - 350,000 - $0.70
Current BidXAsk 0.65X0.72
2000+ volume in the last 15 minutes.
Form T trade at 16:01:54 for 6,604 shares at 24.10.
How can you type so many words, yet say nothing?
Hitting highs. 22.75 X 23.40 EOM
This post = FAIL
1212.12
Housekeeping: This reaffirmation order was attached to a certification of counsel entered by the debtors on 8/18. THJMW is just now getting around to signing it.
http://www.kccllc.net/documents/0812229/0812229110818000000000005.pdf
Two 75K share WAMKQ buys just went through at the Ask, one at 1.07 and the other at 1.08. Doesn't look like retail money to me...