connecting the dots....... I can remember , when I was a kid during WW11, sitting at the movies during intermission, a song would appear on the screen for all to sing along with... now, you did not have to know anything about the song, lyrics, meter, timing, etc.., all you had to do was to follow the bouncing ball over the words...very easy to do....this WAMU bk is like a K-Mart on steroids!!!...if one could open a 2x2 foot cardboard box in one minute to see the contents inside, how big a box would be to open it in 10 years???... so leta connect the dots... the judge awarded shareholders escrow and shares in the NEWCO,which were not supposed to be traded... shortly thereafter, trading began...suddenly the stock was allowed to be traded on the NASDAQ , with no assets to speak of, and 1 or two employees (really a shell company)...stock was then allowed to be listed on the Russell 20000 small cap stock (huh!)..enter the big whale (KKR)..600Million cash infusion), and shorting begins,and Tagar Olsen appears on the BOD...huge stock grants each year for MW, BOD and execs. with statements like "we don't care about the stock price (tantamount to saying by a frontline infantry commander to his troops, "I don't care about your life")...8-k, and 10k's written so that only a Philadelphia Lawyer could understand...I must say, my eyes glaze over them when I read them.. I could devine more meaning from a scrambled egg...missives that are meant to obfuscate , confuse, mislead.. and most of all to get you to SELL YOUR STOCK... so here we are at the final chapter, so to speak, and we still don't know whats in that big box, that it has taken 10 years to open...they say "waiting is a virtue, but I say ignorance of the truth is maddening...so, what is the song we are following with the bobbing dots as we sing along??..."the sign to the goldmine always points to the wrong direction"... hold your stock, others want them badly...buy more if you can, especially the dips.... got stock?.. I do Lodas (chance favors those who take risk, not the bench sitters)
