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Monday, July 05, 2010 1:21:25 PM
They are not scared about the examiner. PORv5 is a proof of that or somehow they are sure that the judge will not approve an examiner..
About the new BOD and how many WMI shares are in the hands of JPM friendly people/organizations etc. To affect the outcome of the vote then they should have at least half of the outstanding common WMI shares. So that is about 900M shares! IFF with the new BOD we get $4pps or $8pps per share settlement then JPMC should compensate those JPM friendly people/organizations more than about $4B-$7B.
I do not know. More than 900M shares are in the hands of other JPMC friendly people. Could this happen?
On the other hand it seems to me they can influence an examiner (single person) much more easily.
AIMHO.
Best
Climber
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