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Monday, April 05, 2010 10:20:32 PM
It's real simple IMHO...
If JPMC are willing to have the world see a REAL valuation then they're in for the LONG FIGHT and are more than confident they can explain everything and WIN.
They may also be content that the valuation is way, way lower than stated on this board and are again happy to pay the low amount after a lengthy court battle knowing full well they'll make billions every month and come up smelling sweeter than roses....
IMHO if we get to the point where the valuation becomes public knowledge then it's not good for us.
There is zero reason JPMC would allow that to happen and allow the wamu share price to shoot through the roof based on a now public valuation of what they took down for under 2 billion.
If there's no settlement before that court date then IMHO we'll see next to nothing...
On the flip side it may be who blinks first and we could very well be nearing that stage!!!
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